Cannabis Wheaton Income Corp. announced that it has entered into a definitive agreement whereby the Company has provided Sundial Growers Inc. (Sundial), an Alberta-based Licensed Producer, with $7,000,000 in non-dilutive debt financing by way of an instrument evidencing a debt obligation repayable by either the payment of a buy back amount or the delivery of cannabis product. The proceeds of the Note will be used by Sundial to add to its current funding for the construction of a new 545,000 square foot state of the art cultivation facility to be located in the Town of Olds, Alberta.

Under the terms of the Note, the Company advanced $7,000,000 to Sundial for a period of 6 months. Sundial will repay the Note either by a cash payment, through the delivery of an agreed upon volume of dried cannabis produced by Sundial ("Grams") or through a combination of cash and Grams. If the Note is not repaid in full on or prior to the Maturity Date, Sundial will have the option to extend the Maturity Date by a further six months upon paying the Company a penalty amount.

Hugo Alves, President of Cannabis Wheaton, stated "We are excited to participate with Ted and the whole Sundial team through this debt financing. We look forward to working with Sundial as they continue to execute on their go-to market strategy and expand their cultivation footprint across the province and the country."