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Wayland Group Announces Facility Drawdown

By GlobeNewswire,  March 15, 2019, 01:37:00 PM EDT


TORONTO, March 15, 2019 (GLOBE NEWSWIRE) -- Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) ("Wayland" or the "Company") today announced that it has completed the drawdown of the second facility under its previously-announced subscription agreement with Alpha Blue and issued the corresponding Convertible Debenture and Facility Warrants. Please refer to the Company's news release of February 20, 2019 for further details.

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 and, Allesandria, Piedmont, Italy. Wayland will continue to pursue new opportunities globally, including the consummation of its previously announced transactions in the United Kingdom, Australia, Colombia, and Argentina, in its effort to enhance lives through cannabis.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release

For more information about Wayland, please visit our website at www.waylandgroup.com

Contact Information:

Investor Relations

Graham Farrell

VP, Communications

IR@waylandgroup.com 

Media Inquiries: media@waylandgroup.com 

Corporate Headquarters (Canada)

Wayland Group Corp. (Toronto)

845 Harrington Court, Unit 3

Burlington Ontario L7N 3P3

Canada

289-288-6274

European Headquarters (Germany)

MaricannGmbH

c/o Wayland

Max Joseph Str. 7

80333 Munich

Source: Wayland Group Corp.

This article appears in: News Headlines

Referenced Stocks: MRRCF, WAYL










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