Cannabis Wheaton Income (TSXV:CBW) announced the launch of “Wheaton Licensing,” an accelerator platform to support entrepreneurs on all the stages of an application process to gain a licensed producer (LP) status in Canada.
As quoted in the press release:
Hugo Alves, President of Cannabis Wheaton, stated, “One of the great things about the experience the Cannabis Wheaton team has had to date is helping entrepreneurs succeed. Since joining Cannabis Wheaton, we have received a constant inbound flow of incredible entrepreneurs that we want to support and work with but are too early in the life cycle of their businesses to fit into our current streaming model. Establishing Wheaton Licensing is a way for us to help these entrepreneurs succeed in achieving their goals while facilitating our participation in these great opportunities. The goal is to cultivate these companies to be investment-ready and form the next cohort of Cannabis Wheaton streaming partners. In a way, Wheaton Licensing is the future of Cannabis Wheaton.”
Wheaton Licensing will allow a small group of entrepreneurial management teams to leverage the collective wisdom, knowledge, expertise and network of the Cannabis Wheaton team who have collectively worked on over 100 applications at each stage of the licensing process — from initial submission through to full sales license.