Mr. Graham Farrell reports
WAYLAND GROUP COMMENTS ON RECENT PROMOTIONAL MARKET ACTIVITY
Wayland Group Corp. has made the following statements regarding recent market activity in its common shares traded on the OTCQB marketplace.
The company has been asked to issue this release by OTC Markets to comment on certain continued promotional activities beginning on or around Jan. 29, 2019. The company became aware of certain continued promotional activity relating to its securities on Jan. 30, 2019, upon receipt of correspondence from OTC Markets specifically related to certain promotional literature encouraging investors to purchase the company's common shares and making certain statements regarding the potential returns on such investment, including certain promotional newsletter e-mails. Until being informed by OTC Markets of the promotional material, the company was unaware of the promotional activity and remains unaware of the full nature of the promotional activity and the extent of the dissemination. Trading volumes have increased over the past few trading sessions; however, it is difficult to determine what impact the promotional materials have had on the trading activity in the company's common shares. Upon reviewing the content of the material, it appears that certain of the statements and claims made were taken from the company's website, historical press releases and other public documents, but the company had no editorial control over the content of the material. Furthermore, there are statements made which encourage investors to purchase the common shares of the company, which only express the view of the authors, and the company disclaims any potentially exaggerated or misleading statements contained in the material. In addition, the company has determined that certain statements, included in these publications related to the company and its business, might be read as misleading and/or incomplete, and readers should not place undue reliance on these newsletters or websites. Specifically, the company does not condone the use of sensational language to describe the company's business prospects or the growth potential of the company's industry. The company does not condone any statements made regarding the urgency of investing in the company's common shares or any other similar statements. Finally, the company notes that investing in the company's securities involves certain risks and uncertainties, which investors should review prior to making any investment decision. The company encourages all investors to undertake proper due diligence and carefully consider all investment decisions. The company directs potential investors to rely solely on its filings and disclosures made with Canadian securities regulators, available at SEDAR and as posted on the filings and disclosure page for MRRCF on the OTC Markets website.
To the company's knowledge, after due inquiry of management, neither the company, nor any of its officers, directors or any third party service providers have directly been involved with the creation or distribution of promotional newsletter e-mails or websites that make exaggerated or misleading claims related to the company and its securities. In addition, the company confirms that, after due inquiry, none of its officers, directors, controlling shareholders or third party service providers have had any affiliation or arrangements with the Wolf of Penny Stocks website. After due inquiry of the company's officers, directors, controlling shareholders and third party service providers, neither the company, nor any of its officers, directors and, to the knowledge of the company, any controlling shareholders or third party service providers have sold or purchased the company's securities within the past 90 days. Such transactions were in accordance with the company's insider trading policy and were reported with SEDI.
Since Sept. 1, 2017, the company has engaged MJM Markets and Consulting (Toronto, Canada); Follow The Money Investor Group, operating as 2632436 Ontario Ltd. (Toronto, Canada); Harbor Access LLC (New York, United States); Investing News Network; M. Davis & Associates Capital Inc. (Vancouver, Canada); ERPR AS (Oslo, Norway); BlackX GmbH (Germany); Tycona Media (Vancouver, Canada); DiePRBerator (Germany); Global Financial Network (Toronto, Canada); and Prosdocimi (London, United Kingdom) at various times to provide investor relations services, public relations services, marketing, native advertising or other related services, including the promotion of the company, its business and/or its securities.
The company has not issued any convertible debt or equity instruments that allow conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.
About Wayland Group
Wayland is a vertically integrated cultivator and processor of cannabis. The company was founded in 2013 and is based in Burlington, Ont., Canada, and Munich, Germany, with production facilities in Langton, Ont., where it operates a cannabis cultivation, extraction, formulation and distribution business under federal licences 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.
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