Wayland Group Corp MRRCF

Wayland Group Corp, formerly Maricann Group Inc produces and sells medical marijuana. It is currently engaged in cultivation, extraction, analytics and production facilities to elevate offerings and prepare for growth into the adult-use cannabis market in Canada.

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Wayland Group Corp

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Comment by DSeng89on Mar 21, 2019 8:55am

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Post# 29515715

RE:RE:RE:RE:RE:RE:Revenues

October 2018 - $55M bought deal net of fees Q4 2018 Revenue - $1.3M net of returns Q1 2019 Revenue - $2.7M net of returns March 2019 - $8M drawdown Total - $67,000,000 Cash Burn - $3-4M a month (No CAPEX) October 2018 - March 2019 = $24,000,000 Est. Cash burn End March - Est $43,000,000 cash Three Additional Drawdowns for $12,000,000 Total $55,000,000 cash available - (Capital Expenditures from October 2018 to Present) Depending on the amount they've allocated to capital expenditures, they should have enough to tie them over until Q2/Q3 when they begin generating enough revenue to secure a better loan. By Q42019, they will be cash flow positive.