Wayland Group Announces Changes to the Board
TORONTO, ON, November 7, 2018 – Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or the “Company”) is pleased to welcome Mr. Clay Horner and Mr. Rudolph (Rudi) Hilti to the board, which will strengthen and improve corporate governance, global strategy, finance, and M&A expertise. These latest appointments demonstrate management’s continued commitment to ensuring measured growth of Wayland Group’s global expansion and to fill vacancies left on the board earlier this year. Additionally, Paul Pathak has now been appointed Chairman of the Board.
“Clay’s unmatched experience in acquisitions and unique ability to unlock shareholder value provides Wayland with a strategic advantage as we build a truly global business”. stated Ben Ward, CEO. “Rudi brings a unique perspective as a global citizen, from Lichtenstein, with a passion for global transformation through sustainable solutions”.
Clay Horner is a principal of HBH Strategic Advisors which consults on significant business and corporate matters for several large private equity firms and domestic and international corporations. Until February 2018, Clay was a senior partner of law firm Osler, Hoskin & Harcourt LLP. His practice included many of Canada’s most significant M&A transactions with an aggregate value in excess of $300 billion over the past 25 years, including landmark Canadian transactions and cross border transactions with the United States, the United Kingdom, France, Germany, Italy, China, Russia and South Africa. He was the Chairman of Osler and Chairman of the Business Law Department for almost two decades. In 2011, he was named one of the 15 most influential M&A lawyers in the world by the International Bar Association. He has a BA from Queens University, an LLB from the University of Toronto Law School and an LLM from the Harvard Law School.
Rudi Hilti is an entrepreneur and a visionary from the Principality of Liechtenstein, a German speaking microstate in Central Europe. Rudi is a global citizen, a responsible optimist and a change maker who invests his financial and emotional resources exclusively into passion projects that help to make the world a sustainable and better place genuinely. Rudi’s experience includes co-founding of the HUS Institute, a global think tank and Deals Advisory with Price Waterhouse Coopers, Zurich. Rudi holds a Master of Finance and Accounting from HSG in Switzerland.
“There are multiple reasons why humanity should foster the rehabilitation of cannabis as a resource. I’m passionate about system change and sustainable solutions, I am very excited to join the Wayland journey.” Stated Mr. Hilti.
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 cannabis 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.
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. Such statements include statements regarding the completion of the proposed acquisition and the plans for the assets of the entities being acquired, its plan to achieve EU-GMP production standards in its German operations and GACP standards in all international cultivation operations and the plan to create a reliable and consistent mass supply of cannabinoid isolates for the global market. As noted above completion of the transactions are subject to a number of conditions and there is no certainty that either transaction will be completed on the terms set forth in this press release or at all. 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.