Wayland Update on 3:1 reverse stock split & AGM Results
TORONTO, Dec. 21, 2018 (GLOBE NEWSWIRE) — Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or the “Company”) announces that the Company will no longer consider a 3:1 reverse stock split that had been previously communicated.
The Company removed the item from the AGM ballot today held in Langton, Ontario, as the previously announced strategic review the Company is undergoing will take priority.
The Company is on the cusp of realizing a number of its objectives and we would not be in this position without the support of our shareholders. As we look into 2019 and beyond, the building blocks are in place for the Company to capitalize on cutting-edge technologies and the further expansion of cannabis markets around the world.
Ben Ward, CEO Wayland
All other items that were tabled for a shareholder vote were passed and have been put into effect by the Company.
Maricann Group Inc., through its subsidiaries, is operating under the Wayland Group name. For further details see the press release dated September 24, 2018.
About Wayland Group
Wayland is a vertically integrated cultivator and processor of cannabis. The Company was founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario where it operates a cannabis cultivation, extraction, formulation, and distribution business under federal licenses from the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany, Regensdorf, Switzerland, Allesandria, Piedmont, Italy, Ibague, Colombia, London, UK, Australia, and Argentina. Wayland will continue to pursue new opportunities globally in its effort to enhance lives through cannabis. For more information about Wayland, please visit our website at www.waylandgroup.com