CANNABIS WHEATON I (OTCMKTS:CBWTF) Soaring as Cannabis Stocks Explode

CANNABIS WHEATON I (OTCMKTS:CBWTF) Soaring as Cannabis Stocks Explode


CANNABIS WHEATON I (OTCMKTS:CBWTF) hit 52-weeks highs today as it and most other cannabis stocks are carrying the market today with huge bull runs. CBWTF is no different here adding 28% in Wednesday’s session alone, and the stock has tacked on about $0.70 cents in just the last five days alone. Not to mention, volume is up 45% for this cannabis streaming company.

In case you are unfamiliar with how that would work: CBWTF gives cannabis growers and producers money to fund their operations in return for a share of what’s grown and harvested. It also acquires entities in the space and is currently building out a large and well-established distribution network. Apropos of this, CBWTF signed a recent deal with FV Pharma that will see the company produce one of the largest cultivation and processing spaces in the world.

CANNABIS WHEATON I (OTCMKTS:CBWTF) 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.

As mentioned above, CBWTF is using the stream, or streaming, model to fund cannabis companies, taking an equity stake and future cannabis product in exchange for its investment. While the company has agreements with more than a dozen partners, to date it has made sizeable investments in two, with more planned upon management completing due diligence and negotiation of terms.

According to a company interview, last month an alliance was forged with 350 convenience stores to develop and implement cannabis distribution and retail sales opportunities across Canada. CBWTF has an established relationship with this convenience chain and will be looking to forge similar deals going forward.

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CBWTF’s President Hugo Alves gave an interview recently shedding a little more light on the company’s business model and how it will work. CBWTF is essentially taking a page from the mining industry and looking to fund other businesses as they try to reach their goals. “The reason why we’re so successful is because we took an approach that is not very common” explains Alves, adding that Cannabis Wheaton “sunk a lot of our personal time into being helpful to people to try and advance their businesses.” Further, Alves opened up about the income model that Cannabis Wheaton follows, explaining that the “Wheaton model” took aspects from the experiences of the mining sector as both models “are an exchange of upfront capital for back-end production.”

CANNABIS WHEATON I (OTCMKTS:CBWTF) has a market cap of $454.18M and outstanding shares of 264.06M. CBWTF is a different kind of company in this space, but one that has serious industry insiders on its leadership team. It would be hard to bet against them in this kind of environment for cannabis, especially in a year where demand is set to reach record levels. Sign-up for continuing coverage on shares of $CBWTF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $CBWTF, either long or short, and we have not been compensated for this article.

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