VANCOUVER, British Columbia, June 04, 2018 (GLOBE NEWSWIRE) -- Cannabis Wheaton Income Corp. (TSX.V:CBW) ("Cannabis Wheaton" or the "Company") is pleased to announce the results of voting at its annual and special meeting of holders of common shares of the Company (the "Shareholders"), which was held on June 1, 2018, in Toronto, Ontario (the "Meeting"). The total number of common shares represented by Shareholders present in person and by proxy at the Meeting was 70,691,519, representing 16.37% of the Company's issued and outstanding common shares.



Results of the Annual and Special Meeting

All of the matters put forward before the Shareholders, as set out in the Company's management information circular dated May 7, 2018, were approved by the requisite majority of votes cast at the Meeting.

The Shareholders voted to re-elect each of the directors of the Company until the next following annual meeting. The results of the Shareholders' vote, by ballot, for the election of the directors of the Company are as follows:

Votes For Votes Withheld Director # % # % Hugo Alves 66,414,214 99.68% 214,019 0.32% Brandon Boddy 66,478,378 99.78% 149,855 0.22% Troy Grant 66,515,585 99.83% 112,648 0.17% Ian McKay 66,430,029 99.70% 198,204 0.30% Charles Rifici 66,499,651 99.81% 128,582 0.19%

The Shareholders also approved: (i) the audited annual financial statements of the Company for the year ended December 31, 2017; (ii) the re-appointment of MNP LLP as the auditor of the Company for the ensuing year at the remuneration to be fixed by the directors; and (iii) by resolution, the equity incentive plan of the Company without variation.

Agreement with IRTH Communications, LLC

Cannabis Wheaton also announces the termination of its previously disclosed agreement with IRTH Communications, LLC ("IRTH"). IRTH was engaged to provide investor relations services and communication services to the Company and, as of March 9, 2018, is no longer providing such services.

ON BEHALF OF THE BOARD

"Chuck Rifici" Chairman & CEO

About Cannabis Wheaton (TSX.V:CBW)

Cannabis Wheaton is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. Our mandate is to facilitate growth for our partners by providing them with financial support and sharing our collective industry experience. Our partners all have different visions, voices and brand values, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.

Investor Relations:

For more information about investing in Cannabis Wheaton, please visit: http://www.wheatonincome.com or contact our Investor Relations Team:

Email: IR@wheatonincome.com

1-833-695-2414

Stay Connected:

Follow up on Twitter @WheatonIncome

Media Enquiries (only):

For media enquiries or to set up an interview please contact:

Sarah Bain, VP External Affairs

Email: sarah@cannabiswheaton.com

Phone: 613.230.5869

Notice Regarding Forward Looking Information:

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release.

New factors emerge from time to time, and it is not possible for management to predict all of those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The forward-looking information in this release is based on information currently available and what management believes are reasonable assumptions. Forward-looking information speaks only to such assumptions as of the date of this release. In addition, this release may contain forward-looking information attributed to third party industry sources, the accuracy of which has not been verified by the Company. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Readers should not place undue reliance on forward-looking information contained in this release.

The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.