GREY:MRRCF - Post by User
Comment by
mudpuppyon Feb 20, 2019 8:49am
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Post# 29387005
RE:Wayland Group Provides Corporate Update
RE:Wayland Group Provides Corporate UpdateWTF? the deal expired?
"Although the previously announced exclusivity period with International Cannabis Corp. (“ICC”) has come to an end, the Company continues to pursue a transaction with ICC. The Company’s previously announced strategic review continues to assess this opportunity while exploring other strategic alternatives."
no definitive agreement reached?
The transaction is expected to close on or around March 1, 2019 and is subject to a number of conditions including certain regulatory, stock exchange and securityholder approvals and other conditions, completion of satisfactory due diligence by ICC and Wayland, Wayland and ICC each receiving fairness opinions, the completion of a reorganization of Wayland’s international assets and the entering into a definitive agreement.