Since its inception earlier this year, Cannabis Wheaton (TSXV:CBW; OTC:KWFLF) has been a polarizing stock for cannabis investors. The company implemented a “streaming” business model made popular in the mining sector, and while they have faced heavy criticism online and from analysts the company has successfully closed 15 long-term streaming deals and has big plans for the future.
The Investing News Network (INN) had the opportunity to talk with the president of the company Hugo Alves, a lawyer with nearly 18 years of practice, who spent a lot of time involved in the cannabis industry before joining Cannabis Wheaton this year. Alves goes into detail about his decision to leave his law practice for a chance at a public company, the uncertainty facing detractors online and how he deals with those comments. Alves also tells us about the company’s business model in relation to one of their latest deals with ABcann Global.
In early June of this year, a private placement deal was set to take place between the company and a pairing of Eight Capital Canaccord Genuity. The transaction was dropped and later resulted in a change in management for Eight Capital. Cannabis Wheaton came back with a $50.2 million offering, with Mackie Research Capital acting as the lead agent and sole book-runner.
Read the interview here