TORONTO, Oct. 18, 2018 (GLOBE NEWSWIRE) — Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or the “Company“) is pleased to provide the following update regarding the Company’s hemp operations in Germany.
Wayland has completed its hemp harvest in Germany, harvesting 135 of the 165 hectares planted. The amount of dry hemp flowers recovered and suitable for processing into resin totaled 120,615 kg, outperforming internal forecasts by a factor of almost two. The increase in yields is attributable to proprietary and customized harvesting equipment and new drying systems, complete with automatic sorting equipment [link to video here]. A total of 3,000 kg of dried hemp flowers have been extracted to date, from which 450 kg of resin has been produced for further distillation. Analytical results demonstrate 1.01 – 1.56% of CBD from the dry flowers. Current wholesale market price for CBD distillate in Europe is 9,000 – 12,000 EUR per kg. The Company expects to maintain stock for its differentiated VESIsorb® product line available at www.mariplant.de.
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 producer and distributor of marijuana for medical purposes. 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 medicinal cannabis cultivation, extraction, formulation and distribution business under federal license from the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland.