Wayland Group Corp MRRCF

RE:Wayland #40 minutes

[DSeng89]

If you pull up the diagram from the corporate update back in February 2019, only Phase 1-A is fully completed and licensed atm. Phase 1-A is currently growing out of Four (4) rooms + Old facility (not sure what the capacity for their old facility is) Phase 1-C or Flowering room 1 which has 5 additional segmented grow rooms was stated to be completed and ready for licensing by March 2019. Based on their recent Wayland minutes, they've already broken out the five rooms but it looks like electrical work and a few other things still need to be done. I'm hopeful this will be completed by end March. With the completion of Phase 1-C this should take their overall capacity to 20,000kg+ annually (if they can maintain their current yields) Phase 1-B and 1-D won't be completed until Q3/Q42019. The main focus now is getting 1-C completed by this month, licensed by June/July 2019 and with a full harvest by Q3 2019. If they can stay solvent until then, I don't see why they wouldn't be able to secure a bank loan for $30-50M.

Kmacgreenrush wrote: In the latest update they stated that the co generation was connected is this stating that before now we weren’t utilizing our natural gas on previous grows or that it was connected to the new additional grow rooms. Sometimes I find the information coming out from corporate confusing or contradictory of previous statements. Does anyone really know exactly where we are in reference of what is completed and possibly what will be completed by Jan 1 2020 because Langston is our only definitive revenue source presently.
 Thanks