TORONTO, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or
the “Company”) wishes to make 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 October 1, 2018. The Company became aware of certain continued promotional activity
relating to its securities on October 8, 2018 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 emails. 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. It is difficult to determine what impact the promotional materials have had on the
trading activity in the Company's common shares but the Company believes that, if anything, such materials have had a negative
impact on the trading activity of the Company's common shares given the lower than average volumes experienced recently on the
OTCQB marketplace.
Upon reviewing the content of the material, it appears that certain 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 that 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 www.sedar.com and as posted on the filings and disclosure page for MRRCF on the OTC Markets
website at www.otcmarkets.com.
The Company routinely responds to inquiries from shareholders, potential investors, and investment analysts, and
generates its own Company marketing materials. The Company paid a media service, Tycona Media, to place banner advertisements on
high traffic websites for the cannabis industry, complete with images of one employee and the Company’s historic greenhouse
operations. These media slots were purchased and booked one month in advance. However, to the Company's knowledge, after due
inquiry of management, neither the Company, nor any of its officers, directors, controlling shareholders or any third-party service
providers have directly been involved with the creation or distribution of promotional newsletter emails 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 has had any affiliation or
arrangements with Lake Group Media Inc. The Company notes Invictus News has included a statement in certain of its material
regarding an agreement to pay Invictus News for its services but it appears that this statement was taken directly from the
disclaimer used by Tycona Media. The Company confirmed with Tycona Media that Tycona Media has not paid Invictus News or
other promoters to disseminate information about the Company. The Company confirms that it does not have any engagement or
agreement with Invictus News, Invictus MD – The Cannabis Company, Gene Simmons and or TSX-V: GENE.
After due inquiry of the Company's officers, directors, controlling shareholders and third party service
providers, except for two officers that engaged in a securities lending arrangement (see press release dated August 10, 2018),
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 the System for Electronic Disclosure (www.SEDI.ca).
Since September 1, 2017 the Company has engaged MJM Markets and Consulting (Toronto, Canada; Follow The Money
Investor Group, o/a 2632436 Ontario Limited (Toronto, Canada); Harbor Access LLC (NY, USA); Investing News Network; M. Davis &
Associates Capital Inc (Vancouver, Canada); ERPR AS (Oslo, Norway); BlackX GmbH (Germany); Tycona Media (Vancouver, Canada);
DiePRBerator (Germany); and Prosdocimi (London, UK) 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.
Maricann Group Inc., through its subsidiaries, is operating under the Wayland Group name. For further details
see the press release dated September 24, 2018.
About Wayland Group
Wayland is a vertically integrated producer and distributor of marijuana for medical purposes. 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 medicinal cannabis cultivation, extraction, formulation and distribution business under federal licence from
the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland.
Wayland is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq.
m) footprint upon full build out, and will continue to pursue new opportunities in Europe.
Forward Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited
to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other
plans, intentions, expectations, estimates, and beliefs of the Company. Forward-looking information and statements involve and are
subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results,
performance, or achievements of the Company to be materially different from future events, results, performance, and achievements
expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking
information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties
inherent in such information and statements, there can be no assurance that any such forward-looking information and statements
will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and
should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and
statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and
disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that
actual events or results could or do differ from those projected in any forward looking information and statements herein, whether
as a result of new information, future events or results, or otherwise, except as required by applicable laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news
release.
For further information about the Company., please visit www.waylandgroup.com or view the Company's filings at www.sedar.com.
CONTACT INFORMATION
Investor Relations
Graham Farrell
VP, Communications
Graham.Farrell@Waylandgroup.com
647-643-7665
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)
Maricann GmbH
Thierschstrasse 3, 80538 Munchen, Deutschland
