Wayland Group (MRRCF)

[PotterBanker]

Maricann Enters into Non-Binding Term Sheet for Strategic Joint Venture in Italy

https://globenewswire.com/news-release/2018/08/28/1557543/0/en/Maricann-Enters-into-Non-Binding-Term-Sheet-for-Strategic-Joint-Venture-in-Italy.html

TORONTO, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Maricann Group Inc. (CSE:MARI)(FRANKFURT: 75M)(OTCQB:MRRCF) (“Maricann” or the “Company) is pleased to announce that it has entered into a non-binding term sheet to form a strategic joint venture with San Martino S.S. (“San Martino”), a large scale agricultural company in the Piedmont Region of Italy, founded by Milan businessman Umberto Signorini. Pursuant to the proposed joint venture Maricann and San Martino will develop a centre of excellence for cannabis products, in conjunction with the University of Eastern Piedmont, initially producing high CBD content for the medical market, and then ultimately THC product for the European market. The formation of the joint venture remains subject to due diligence and the negotiation and execution of definitive documentation.