MRRCF - Wayland Group Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0081
+0.0000 (+0.62%)
At close: 3:31PM EST
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Previous Close0.0080
Open0.0148
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0071 - 0.0148
52 Week Range0.0020 - 1.0000
Volume171,828
Avg. Volume455,370
Market Cap6.64M
Beta (5Y Monthly)3.12
PE Ratio (TTM)N/A
EPS (TTM)-0.2650
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Wayland Announces Court Approval of Colombia Transaction and ICC Transactions

    Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) today announced that the Company, Maricann Inc. and NanoLeaf Technologies Inc. (collectively, the “Wayland Group”) have been granted an approval and vesting order (the “Approval and Vesting Order”) from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Approval and Vesting Order approves the sale transaction (the “Colombia Transaction”) contemplated by the share purchase agreement entered into on February 2, 2020 (the “SPA”) among Wayland and RG5 Investments Inc. and Albert Sheeler (together, the “Colombia Purchasers”) and the vesting in the Colombia Purchasers all of Wayland’s right, title and interest in and to the shares of its Colombian subsidiary, Colmed Pharmaceuticals S.A.S. (“Colmed”) in consideration for $300,000, to be paid in installments by May 31, 2020 and the effective assumption by the Colombia Purchasers of the obligation to pay the ongoing operating costs associated with Wayland’s Colombian business.

  • GlobeNewswire

    Wayland Announces Court Approval of Sale Process

    Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) today announced that the Company, Maricann Inc. and NanoLeaf Technologies Inc. (collectively, the “Wayland Group”) have received an order (the “Order”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) that approves the Wayland Group’s proposed sale and investment solicitation process in respect of their business and assets (“SISP”) in connection with the Wayland Group’s ongoing Companies’ Creditors Arrangement Act (“CCAA”) proceedings. Under the SISP, the Wayland Group, together with PricewaterhouseCoopers Inc., in its capacity as court-appointed monitor of the Wayland Group (the “Monitor”), will solicit proposals from potential interested parties for the acquisition of, or investment in, the Wayland Group or their respective businesses and assets, all in accordance with the process and timelines provided for in the Order.

  • GlobeNewswire

    Wayland Announces Court Approval of Amended DIP Facility

    Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) today announced that  the Company, Maricann Inc. and NanoLeaf Technologies Inc. (collectively, the “Wayland Group”) have been granted a second amended and restated initial order (the “Comeback Order”) from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Comeback Order authorizes the Wayland Group to obtain additional debtor-in-possession financing from the House of Turlock Ltd. (the “DIP Lender”) pursuant to an amended DIP Commitment Letter (the “Amended DIP Facility”). Under the terms of the Amended DIP Facility, the DIP Lender has agreed to provide advances under the Amended DIP Facility up to a maximum amount of $10.05 million, subject to the satisfaction of applicable conditions.

  • Cannabis stocks slammed as analysts say Canopy’s new CEO faces big challenges
    MarketWatch

    Cannabis stocks slammed as analysts say Canopy’s new CEO faces big challenges

    Cannabis stocks fell Tuesday, as analysts weighing in on Canopy Growth’s new chief executive took a cautious stance, highlighting the continuing challenges facing the company.

  • GlobeNewswire

    Wayland Announces Court Approval of DIP Financing

    Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) today announced that  the Company, Maricann Inc. and NanoLeaf Technologies Inc. (collectively, the “Wayland Group”) have been granted an amended and restated initial order (the “Amended and Restated Initial Order”) from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Amended and Restated Initial Order authorizes the Wayland Group to obtain debtor-in-possession financing from The House of Turlock Ltd. (the “DIP Lender”). The DIP Lender has agreed to provide the Wayland Group with a debtor-in-possession financing facility (the “DIP Facility”) of up to approximately $1.1 million during the period up to and including December 16, 2019 (the “Interim Period”), with the initial advance being subject to the satisfaction of certain conditions, including the Amended and Restated Initial Order having been obtained.

  • GlobeNewswire

    Wayland Seeks Creditor Protection to Pursue Restructuring Plan

    Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) today announced that the Company, Maricann Inc. and NanoLeaf Technologies Inc. (collectively, the “Wayland Group”) have been granted an order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Initial Order provides for, among other things, a stay of proceedings in favour of the Wayland Group and certain of its affiliates, and the appointment of PricewaterhouseCoopers Inc. as monitor of the Wayland Group.

  • GlobeNewswire

    Wayland Provides Corporate Update on Transaction, Construction and Operational Progress

    Wayland Group (CSE:WAYL) (MRRCF) (“Wayland” or the “Company”) is pleased to provide an update on its previously announced potential strategic transactions and on its construction and operational progress in Canada and internationally. The Company announced that it continues its discussions with Cryptologic Corp. regarding the previously announced plan to sell of Wayland’s Canadian business, including its Langton, Ontario production facility, to Cryptologic in exchange for common shares of Cryptologic.

  • GlobeNewswire

    Wayland Group Obtains Commitment for Further Bridge Loans from Cryptologic Subject to an Overall Aggregate Cap of $25 Million

    Wayland Group (CSE:WAYL) (“Wayland”) and Cryptologic Corp. (CSE:CRY) (“Cryptologic”) are pleased to announce that Maricann Inc. (“Maricann”), a subsidiary of Wayland, and Cryptologic have entered into an amended and restated loan agreement, effective as of September 17, 2019 (the “Agreement”), that provides for additional bridge loans from Cryptologic to Maricann (collectively, the “Loans” and each a “Loan”). Each additional Loan is expected to be in an amount equal to $1 million, subject to an overall aggregate cap of $25 million for all Loans, including Loans already advanced. Following Cryptologic’s advance of an additional Loan of $1 million on September 18, 2019, the aggregate principal amount of outstanding Loans is $6 million.

  • GlobeNewswire

    Wayland Group Notified of Proposed Securities Class Action Proceedings

    Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) announced today that it has been made aware that a statement of claim in a proposed securities class proceeding was issued in Ontario against the Company, the former CEO of the Company and two investment banking firms engaged by the Company in connection with certain capital markets transactions in 2018. In commenting on a newspaper account by lawyers making a promotional announcement, Wayland observed that no claim of this nature has been served on the Company. Wayland is a vertically integrated cultivator and processor of cannabis.

  • Benzinga

    An Extraordinary International Misunderstanding: The UN's International Narcotics Control Board's Cannabis Quotas Are Not What The Media Portrays

    On Aug. 20, the United Nations International Narcotics Control Board (“INCB”) announced that Colombia would be awarded a quota of 1.2 tons of cannabis oil for internal medicinal and scientific use. This substantially reduced number compares to the 2018 quota of 47 tons, which caused euphoria and champagne corks to fly from bottles throughout the LATAM Andes, all the way to Canadian stock exchanges. Colombian and international media (not surprisingly) announced that this new limited quota represented a “fatal blow” to its cannabis industry.

  • GlobeNewswire

    Wayland Group Confirms Delay in Second Quarter Filings

    TORONTO, Aug. 31, 2019 -- Wayland Group Corp. (CSE:WAYL) (“Wayland” or the “Company”) confirmed today that it has been delayed in filing its interim financial statements for.

  • GlobeNewswire

    Wayland Enters Non-Binding LOI to Sell Canadian Business to Cryptologic Corp.

    Obtains Commitment for Cdn$5 million Bridge Loan From Cryptologic Negotiating Second Phase of Transfer of International Business to ICC International Cannabis Corp. Intends.

  • Benzinga

    From Coffee To Cannabis: Colombian Legislators To Move For Adult-Use Legalization

    This is the first of a two-part series on the history of Colombia and its route to cannabis legalization. Colombia is in an extraordinary position. It possesses the fourth largest economy in Latin America.

  • GlobeNewswire

    Wayland Group Closes Transaction with ICC International Cannabis Corp.

    Wayland Group (CSE:WAYL) (75M.F) (MRRCF) (“Wayland” or the “Company”) is pleased to announce that the Company has completed a transaction relating to the sale of a 49.9% interest in Maricann B.V. (“Wayland International”), to ICC International Cannabis Corp. (WRLD-U.CN) (8K51.F) (KNHBF) (“ICC”) pursuant to the terms of an amended and restated transaction agreement and related subscription agreement. Wayland now beneficially owns approximately 246,614,000 shares of ICC representing approximately 37% of the outstanding ICC shares following closing on a fully diluted basis. Under the terms of the agreement, ICC is expected to subsequently acquire a 49.9% interest in the balance of Wayland’s international portfolio of assets and, upon completion of that acquisition, Wayland would beneficially own an aggregate of 300,000,000 ICC shares, representing an ownership interest in ICC of approximately 41.7%.

  • GlobeNewswire

    Wayland Group provides Clarification on ICC Transaction

    The Company understands that ICC International Cannabis Corp. will retract the erroneous announcement on this subject that was made early today. Wayland is a vertically integrated cultivator and processor of cannabis.

  • GlobeNewswire

    Wayland Group Confirms “BfARM” award for German Cannabis production

    DEMECAN is awarded three lots of thirteen total, which makes DEMECAN one of three companies globally to achieve a cannabis license for domestic production in Germany, out of 79 applicants. DEMECAN will now begin production within Wayland’s Ebersbach facility, following completion of upgrades to quality and security systems. Additionally, Wayland GmbH has received its narcotics license from the Bundesopiumstelle, the narcotics division of BfArM.

  • How Does Planet 13’s Valuation Multiple Compare with Peers?
    Market Realist

    How Does Planet 13’s Valuation Multiple Compare with Peers?

    Why Planet 13 Stock Fell ~6.8% on May 7(Continued from Prior Part)Valuation multipleThe increase in Planet 13 Holdings (PLTH) (PLNHF) stock price since the beginning of 2019 has led to a rise in its valuation multiple. As of May 7, the company was

  • GlobeNewswire

    Wayland Addresses Transaction with ICC International Cannabis Corp.

    Wayland Group (CSE:WAYL) (75M.F) (MRRCF) (“Wayland” or the “Company”) confirms that any failure-to-file cease trade order (“FFCTO”) derived from the Company’s delay in annual filings will not materially affect the Company’s sale of a 49.9% interest in its international asset and license portfolio to ICC International Cannabis Corp (the “Transaction”). Wayland is of the opinion that the Company’s delay in annual filings will not impede closing timeline of the Transaction. Wayland is a vertically integrated cultivator and processor of cannabis.

  • GlobeNewswire

    Wayland Group Confirms Delay in Annual Filings; Expects Issuance of Cease Trade Order

    Wayland Group Corp. (CSE:WAYL) (75M.F) (MRRCF) (“Wayland” or the “Company”) announced today that it will be delayed in filing its audited annual financial statements for the year ended December 31, 2018, the related management’s discussion and analysis and certificates of its CEO and CFO (collectively, the “Required Filings”) with Canadian securities regulators until after today’s filing deadline.  The additional time is required to permit the Company and its auditors, MNP LLP, to complete work and enquiries in connection with the audit of the Company’s 2018 financial statements. The Company and its advisors are working diligently to complete such work and enquiries and the Company intends to make the Required Filings as soon as possible.

  • GlobeNewswire

    Wayland Group Announces Anticipated Delay in Annual Filings

    Wayland Group Corp. (CSE:WAYL) (75M.F) (MRRCF) (“Wayland” or the “Company”) announced today that it anticipates a delay in filing its audited annual financial statements for the year ended December 31, 2018, the related management’s discussion and analysis and certificates of its CEO and CFO (collectively, the “Required Filings”) with Canadian securities regulators until after the April 30, 2019 filing deadline. The additional time is required to permit the Company’s auditors, MNP LLP, to complete its review and enquiries in connection with the audit of the Company’s 2018 financial statements. The Company and its auditors are working diligently, and the Company intends to make the Required Filings as soon as possible and it expects to make these filings by no later than June 14, 2019.

  • GlobeNewswire

    REPEAT - International Cannabis Signs Definitive Agreement to Acquire 49.9% of International Asset and Licence Portfolio From Wayland Group

    ICC International Cannabis Corp. (CSE:WRLD.U)(8K51.F)(WLDCF) ("ICC" or “International Cannabis” the “Company”) is pleased to announce that the Company has signed a definitive agreement to acquire 49.9% of Wayland Group Corp.’s (CSE:WAYL)(75M.F)(MRRCF) (“Wayland”) international asset and license portfolio. Under the terms of the definitive agreement, International Cannabis will issue Wayland 300,000,000 shares in the capital of ICC, representing approximately 38% of the current outstanding ICC shares on a fully diluted basis.

  • GlobeNewswire

    REPEAT - Wayland Group Signs Definitive Agreement with ICC International Cannabis Corp. to Sell 49.9% of International Business

    Wayland Group (CSE:WAYL) (75M.F) (MRRCF) (“Wayland” or the “Company”) is pleased to announce that the Company has signed a definitive agreement to sell a 49.9% interest in Wayland’s international portfolio of assets to ICC International Cannabis Corp. (CSE:WRLD.u) (8K51.F) (WLDCF) (“ICC”). The terms of the definitive agreement are consistent with the Letter of Intent that was announced on January 15, 2019.  Wayland will receive 300,000,000 shares of ICC under the agreement, representing approximately 35% of the current outstanding ICC shares on a fully diluted basis. Wayland is also pleased to announce that Matthew McLeod, the current General Counsel and Vice President Operations and Compliance, has been appointed as President effective immediately.

  • GlobeNewswire

    Wayland Group Signs Definitive Agreement with ICC International Cannabis Corp. to Sell 49.9% of International Business

    Wayland Group (CSE:WAYL) (75M.F) (MRRCF) (“Wayland” or the “Company”) is pleased to announce that the Company has signed a definitive agreement to sell a 49.9% interest in Wayland’s international portfolio of assets to ICC International Cannabis Corp. (CSE:WRLD.u) (8K51.F) (WLDCF) (“ICC”). The terms of the definitive agreement are consistent with the Letter of Intent that was announced on January 15, 2019.  Wayland will receive 300,000,000 shares of ICC under the agreement, representing approximately 35% of the current outstanding ICC shares on a fully diluted basis. Wayland is also pleased to announce that Matthew McLeod, the current General Counsel and Vice President Operations and Compliance, has been appointed as President effective immediately.

  • GlobeNewswire

    International Cannabis Signs Definitive Agreement to Acquire 49.9% of International Asset and Licence Portfolio From Wayland Group

    ICC International Cannabis Corp. (CSE:WRLD.U)(8K51.F)(WLDCF) ("ICC" or “International Cannabis” the “Company”) is pleased to announce that the Company has signed a definitive agreement to acquire 49.9% of Wayland Group Corp.’s (CSE:WAYL)(75M.F)(MRRCF) (“Wayland”) international asset and license portfolio. Under the terms of the definitive agreement, International Cannabis will issue Wayland 300,000,000 shares in the capital of ICC, representing approximately 38% of the current outstanding ICC shares on a fully diluted basis.