Wayland Group Corp. (CSE: WAYL, FSE: 75M, OTC: MRRCF)
THERE IS NO CHARGE TO JOIN THE CLASS ACTION; SOCIAL MEDIA MAY CONTAIN FALSE INFORMATION. INVESTORS ARE PRESUMED TO BE INCLUDED WITHIN THE CLASS ACTION IF THEY PURCHASED DURING THE CLASS PERIOD.
Ontario Superior Court of Justice, Court File No.: CV-19-00000114-0000
Andrew Morganti and Albert Pelletier have become members of Kim Spencer McPhee Barristers, P.C., and the authoritative page for this securities litigation can now be found at our new website.
Wayland Group Corp. (“Wayland”) is a Canadian cannabis producer which at all times relevant to this action was in the process of expanding its main production facility in Langton, Ontario (the “Langton Facility”). This securities class action relates to Wayland conducting multiple offerings thereby raising tens of millions of dollars from investors, and making representations:
- About how the proceeds from those public offerings would be used;
- Regarding when each phase of the expansion of the Langton Facility would be completed and how much each phase would cost;
- That the expansion of the Langton Facility was fully-funded from prior public offerings; and
- about the increase in the pro forma output and revenues that would be achieved from the additional cannabis that would be produced beginning in 2019 as a result of the expansion of the Langton Facility.