Cannabis Wheaton Income Corp. announced that it has entered into a letter of intent with Level Ten Inc., whereby Level Ten will become a strategic streaming partner to the company. Pursuant to the agreement, the company will assist Level Ten in obtaining a cultivation license pursuant to the Access to Cannabis for Medical Purposes Regulations (ACMPR) (the License) for its proposed greenhouse cultivation facility to be located near Brantford, Ontario. The initial foot print of the Facility will be approximately 278,000 sq. ft. upon completion (Phase I) with a planned expansion of 522,000 sq. ft. (Phase II). The company will assist Level Ten through the ACMPR licensing process by providing resources and regulatory expertise necessary to obtain the License on an expedited timeline. In addition, the company will fund the construction costs for the development of Phase I pursuant to an agreed upon construction budget and timeline, currently estimated to be $35,000,000. As consideration for providing the funding for Phase I and assisting with the licensing process, the company will receive: (i) a 20% equity interest in the capital of Level Ten; and (ii) a perpetual stream of 30% of all cannabis and cannabis-derived products cultivated in Phase I of Facility (the "CBW Allocation"). The company estimates that the CBW Allocation will result in approximately 8,100,000 grams of cannabis for the company's benefit per annum, once Phase I of the facility is operating at full capacity.