Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
what news would that be?
They OSC was already sniffing around Maricann, which I assume is why they had changed their name to Wayland. If you look at the recent PR's it is acquisition after acquisition in foreign countries, with no revenue stream.
Recent news of a spinout in another country, I'm assuming to keep the scam moving along.
European Assets
Germany
Wayland has several active initiatives in Germany that give the Company a distinct advantage in the German and European markets. The Company is the only organization in the world that has a facility ready for domestic cannabis cultivation. Located in Ebersbach, just outside of Dresden, the proposed facility gives Wayland 820,000 square feet of clean-room cultivation, processing, and extraction capabilities. It is currently being utilized to process industrial hemp from the Company’s adjacent 164-hectare hemp operation where the Company recently completed their first harvest yielding over 120,000 kg of dry hemp flowers. Once processed, the CBD distillate will be used for the Company’s recently launched nutraceutical business, MariPlant GmbH. Finally, the Company expects to receive their second EU-GMP certification for the Ebersbach facility in a matter of weeks, further strengthening Wayland’s medical production and distribution capabilities.
Switzerland
Wayland’s second European cultivation site is located in Regensdorf, Switzerland, a suburb of Zurich. The 60,000 square foot facility’s current production profile is approximately 2,000 kg of CBD flower per year. Wayland plans to upgrade this facility to bring it in line with the Company’s production standards from existing GACP standards and increase capacity to 14,000 kg per year with the goal of developing their own CBD products for sale throughout Switzerland and the rest of the European Union. Wayland will locate its Active Pharmaceutical Ingredients (API) manufacturing site for its global operations in Switzerland, taking advantage of existing phyto pharmaceutical talent in country.
Italy
Wayland has a definitive joint venture agreement with CBD Italian Factory S.S., a company of Group San Martino for the production of high quality cannabis products in Italy. The Company expects that the joint venture will marry the best of both entities with world-leading technology by Rockwell Automation paired with existing infrastructure in Piedmont, Italy, which includes agricultural expertise and biogas electricity. This will allow the sustainable production of quality CBD and THC products from a naturally derived fuel source. CBD Italian Factory S.S. and San Martino Group will bring mass-scale agricultural skills to the joint venture with a focus on local sustainable practices and expertise in Biomass Energy production. The Company holds 50.1 % of the joint venture while 49.9% is held by CBD Italian Factory, with Massimiliano Umberto Signorini assuming the role of CEO for the new company.
Malta
In July of 2018, Wayland’s application to Malta Enterprise to set up a business in Malta to manufacture finished dose medical cannabis was approved. Malta will offer the Company a unique advantage as Wayland will have the ability to import, extract, manufacture finished dose products, and distribute cannabis for medical purposes within Malta and the entire European Union. Malta Enterprise allows the Company to develop a wide variety of pharmaceutical products and export them across the European Union, and as Malta is a member of the EU, certain VAT tax are inapplicable to Malta Enterprise.
United Kingdom
The Company has entered into an agreement to acquire a 51% stake in U.K. based Theros Pharma Ltd. (“Theros”), an early stage company that has successfully imported cannabis to the U.K. for patients with a prescription for medical cannabis. The company expects to be able to import cannabis to patients in the UK as early as March 2019.
Latin American and Asia Pacific Assets
Argentina
Wayland has entered into an agreement to purchase 819 hectares of existing developed agriculture land in San Juan Province in Argentina, which is the ideal micro climate for cultivation. The properly has existing mass scale irrigation, using runoff from the Andes Mountains, and produces 1,000,000 kg of wine juice, and 400,000 kg of olives per year. Existing on site agronomists and farmers will take their knowledge of horticulture and apply it to Wayland’s existing world class system of cannabis cultivation. Outdoor cultivation will take place in existing alfalfa fields, to supply Wayland with low cost inputs. Initial extraction will take place in Argentina.
Colombia
The Company has entered into an agreement to acquire 100% of the outstanding shares of Colma Pharmaceutical SAS (“Colma”), a licensed producer of THC cannabis in Colombia, holding four licenses for cultivation and processing on a leased premise in Ibaque, Colombia. Wayland plans to cultivate THC cannabis outdoor and year-round with an infrastructure investment including 415,000 square feet of processing and clone and vegetation greenhouse facilities to support outdoor cannabis flower production of 125 hectares.
Australia
Wayland has entered into an agreement to acquire 50.1% of Tropicann Pty Ltd. (“Tropicann”), a privately owned Australian company located in Darwin, Northern Territory. It plans to build an outdoor grow facility to take advantage of the ideal cannabis cultivation climate with minimal environmental impact. The Company believes it can leverage a major port in Darwin that will provide access to major APAC markets.
Canadian Assets
Canadian Operations
The Company’s flagship facility is located in Langton, Ontario with cultivation, extraction, formulation, and distribution capabilities. The facility is a purpose-built cannabis production facility with an emphasis on automation and energy efficiencies. The Company partnered with Rockwell Automation to develop a fully automated system including the development of AI Data Grow, the Company’s artificially intelligent master grower. This allows Wayland to drastically reduce its cultivation labour needs by approximately 90% of the industry average while also mitigating risks associated with infecting crops. The facility will be completed in two phases, the first of which is approximately 225,000 square feet in size with 90,000 square feet of production and office space and approximately 135,000 square feet of grow space which will yield the Company approximately 65,000 kg of dried cannabis flower per year. Phase two will bring an additional 719,000 square feet of grow space online taking production capacity much greater than 100,000 kg per year.
Wayland’s Langton campus has been certified by the European Medicines Agency after receiving the certification of EU-Good Manufacturing Practices (“EU-GMP”). EU-GMP certification allowed Wayland to sign the largest ever medical cannabis export deal with Cannamedical of Germany, agreeing to provide the medical cannabis distributor with a minimum of 9,000 kg of product over a three-year period. Wayland is one of only five cannabis companies in the world to receive the EU-GMP designation which is another advantage the Company believes it has in the global medical cannabis arena as demonstrated by this large purchase order.
Provincial Agreements
Manitoba: Supply agreement with the Manitoba Liquor & Lotteries Corporation (“MBLL”) to make available for purchase by MBLL at least 550kg of various cannabis products during the first twelve months of the agreement.
Alberta: Supply Agreement with the Alberta Gaming, Liquor & Cannabis Commission (“AGLC”) to allocate up to 3,375kg of cannabis product for the Alberta market within the first six months.
British Columbia: Through a memorandum of understanding (“MOU”), Wayland is a preferred licensed producer to the BC Liquor Distribution Branch (“BCLDB”) to initially supply approximately 3,622kg of non-medical cannabis to BCLDB over the first 12 months following legalization.
Ontario: Selected by The Ontario Cannabis Store (“OCS”) to supply a variety of safe, high quality cannabis products through its online store since launching October 17, 2018.
Brand Portfolio
The Company has taken a purposeful and consumer-centric approach to each of its brands/offerings, each validated and optimized with local consumer research. Strains within each portfolio will match brand positioning and satisfy target consumer needs and benefits.
Solara C: Designed for the modern, active consumer who is looking to find solutions to help them live healthier/better without using stronger pharmaceutical alternatives. This brand will be CBD-only and create a wide range of products from beverages to topical creams with the expressed purpose of promoting a healthy, balanced lifestyle.
Kiwi: Designed for light users who are new to the category and looking to better understand Cannabis and its effects. The brand will exist to simplify and make the cannabis experience more welcoming and approachable to the masses.
Northern Harvest: Designed for light / medium users who enjoy Cannabis as part of their active and social lives. The brand will exist to promote a more natural and balanced approach to Cannabis with a focus on providing a fun and lighthearted experience.
High Tide: Designed for medium to heavy users who enjoy the cerebral effects of Cannabis. This brand will produce high quality, high THC cannabis with the expressed purpose of pushing the limits of the THC experience.
Lost at Seed: Designed for medium to heavy users who want only the best Cannabis money can buy. This brand will provide highly desirable and impossible to find strains only available on a limited assortment basis.
Rare Dankness: This partner brand will be for experienced Cannabis users who are knowledgeable about strains, potencies and profiles. It will offer a wide selection of premium award-winning strains that users won’t be able to find anywhere else.
OOOOOH, ya, excuses excuses
Somebody invested in a scam, somebody invested in a scam, that is why they are proposing a spin out in another country!
Guy it was at $.65 the other day...look at the trend line.
Not just me
https://www.barchart.com/stocks/quotes/MRRCF/opinion
https://www.barchart.com/stocks/quotes/WAYL.CN/opinion
Better go buy some more, SP needs it!
TIMBER!
How right you are! run right into the ground!
Excuse after excuse! I'll provide an excuse why it's down...It's a SCAM! Ben Wards failed past along with that recent article says a lot!
I didn't say sue Dan,
I asked IF Dan was such the criminal you portray, why hasn't the existing lawsuits been moved forward. Dan is the president of the company, Currah and Co. are suing Sarissa not Dan... However if Dan was this criminal then the suits should be an easy win right? But after a year there has been no movement, something doesn't make sense, maybe Currah and Keevil are broke asses, or what you claim about Dan being a criminal isn't true...makes you wonder.
Big question, where is the revenue stream then? Companies who produce profits don't sink in share price... $$$ = Value
That link isn't working, what was it supposed to be?
IF Dan is such the fraud and criminal that you state, why hasn't Currah and Co moved forward with the lawsuits to expose him? Pretty simple, and I'm sure lawyers would be lining up for that win, no money up front...I know if I was owed millions I wouldn't just sit back and hope for the best.
Digging deep for no payload on that one! Keep on keepin on.
When do you think all of these acquisitions will start paying off?
They need to stop making deals, and start making money!
Yes,
Pleople are going after poor Ben Ward for no reason. I told you about his past, the companies he was involved in, all failures. Joshua Gold Resources, Sarissa Resources, Canadian Cannabis Company. There is a pattern, do some research.
Good read,
Looks like the scams are starting to be exposed. I hope they go after Keevil/Currah next! Or at the very least if they get Ben he turns on them to get a better deal.
I wonder if then go after Ben Ward, will he expose Keevil and Currah for a deal?
Sure it is...
That's why the FDA just gave the go ahead to start new trial, in a very fast turn around for approval.
What sort of information would you like? Did they scam you in another company?
Most likely $.90, that's where it was down to.
I'm glad that is finally complete! I can't wait to see what comes next. Exciting days for us ahead.
Oh I saw! Some un-audited financials from 2015, which I believe was before they settled the debts, I don't believe they have any assets now.
Curious, with all this great news why does the stock keep going sub dollar?
I think realistically we should be in the $2-$3 range right now. For all that we have going on with little to no side effects, and the ability to cross into other diseases. I've seen other biotechs with less to offer with a higher market cap than we have now. I think that short interest is holding us down and currently represents 25%ish. IMO
...And what are you proposing they get for this $150m upfront?
I really hope that BP is not throwing out numbers under double digits...
Sad really Andrew Currah has amounted to nothing in life. He has to scam hardworking people, and take money away from families. Couldn't be less of a man. No real career, nothing to offer society.
He even stooped as low as to drag his wife and children into the scams, hiding assets in his children's names, tarnishing their names and futures.
If an employer wishes to google Lucas Currah, you find lawsuits, and his name and family being dragged through the mud. I really hope Drew was satisfied with that quick buck, because he ruined the future for his children.
Why Scott Keevil got involved with him is beyond me, but that was the beginning of his downfall as well.
https://www.insidehalton.com/news-story/2914540-osc-orders-10-year-trading-ban-on-former-public-school-trustee/
http://www.osc.gov.on.ca/en/Proceedings_set_20051028_dammj.htm
I sure hope Keevil did. lesson 1, You don't hire low life criminals
https://www.insidehalton.com/news-story/2914540-osc-orders-10-year-trading-ban-on-former-public-school-trustee/
He's doing a fine job of it himself!
No assets, no revenue, no news! Go Keevil!
There is a pattern a circle of people who move about company to company. A decade ago it was mining, and now it is marijuana.
Scott Keevil
Ben Ward
Ben Fuschino
Sabrine Frisch
Andrew Currah
Penny Currah.
Andrew is a known criminal...
https://www.insidehalton.com/news-story/2914540-osc-orders-10-year-trading-ban-on-former-public-school-trustee/
It's all on government forms how they cross pollinate the companies.
If you haven't already please file a complaint with the OSC.
...Dan got you good hmm,
Keevil is the one you should be worried about here at Canadian Cannabis
You may have better luck with the OSC. There is plenty of paperwork showing that Andrew Currah was involved, while on his trading ban. Not to mention Scott Keevil was a Mining CEO one day, and then a marijuana CEO the next, Ben Wards old company, also his new company Maricann has some OSC investigation. Big scam circle, all the same players.
Sarissa Resources
Joshua Gold
Canadian Cannabis
Mariccan.
Dummy Dan really stuck it to Keevil and Currah,
I wish I could've seen Currah's face when those counter suits were filed. All his hopes and dreams of a repeat scam down the drain, probably begging for change now...
Keevil just went along, the real puppet in that relationship, he has no one to pull the strings here, thus the company is dead.
Ehh,
You'll soon see that you did.
Yes,
They all are, could also be called a pump and dump? It's not my opinion when I back it up with facts, Joshua Gold, delisted. Canadian Cannabis, an empty shell. Sarissa resources- sub penny. There is a pattern, they moved from the mining industry which was hot a decade ago, to the marijuana industry that is hot now. Canadian Cannabis had a facility some potential acquisitions etc, nothing ever happened...why it was a scam.
Of course I can bring up past events, it shows a pattern,
Not to mention the stellar shareprice.
This is not a flourishing company
LOL if Keevil was so smart, why would he hire this loser
https://www.insidehalton.com/news-story/2914540-osc-orders-10-year-trading-ban-on-former-public-school-trustee/
A whole family of nothings, was hired by Scott Keevil