Investors in currently halted for not being able to put together last year’s financials like real grown up boys Wayland Group (WAYL.C) might have been celebrating today when it was announced their all-share deal to sell 49.9% of their international assets to ICC International (WRLD.U) had closed.
One hopes the champagne they were popping wasn’t too expensive.
VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) — ICC International Cannabis Corp. (CSE: WRLD.U) is pleased to announce that the Company’s previously announced acquisition of 49.9 per cent of Wayland Group Corp.’s (“Wayland’) international asset and license portfolio has closed.
WOOHOO! Way to go, bois!
Wait, what’s that?
I’m hearing from the booth we have word from Wayland on this exciting event, let’s cut to them.
WAYLAND GROUP PROVIDES CLARIFICATION ON ICC TRANSACTION
Wayland Group Corp. and ICC International Cannabis Corp. continue to work toward closing the previously announced acquisition by ICC of a 49.9-per-cent interest in Wayland’s international assets; however, the transaction has not yet closed.
The company understands that ICC International Cannabis will retract the erroneous announcement on this subject that was made early today.
What in the Sam Hill is going on here?
Anonymous directors pounding out news releases?
Deals on, deals off?
Clearly ICC can’t wait to roll those premium assets into their business, but Wayland still has some T’s to cross. Make ’em sweat, Ben!
But hey, if you can spare five minutes and remember the website password, maybe deal with this:
Why does Wayland STILL lie on their Maricann website that they have ‘production operations’ in countries they don’t?
Wayland does not have production operations in London, Australia, or Argentina.
In London, it paid millions for a company that has no license and no physical assets. In Australia, it did the same. In Argentina, it bought an olive farm. In Malta, which it doesn’t mention above, it tried to buy a license applicant for $10m before the government of Malta noted to them that the company they were buying didn’t actually have a license and weren’t getting one any time soon.
— Chris Parry
FULL DISCLOSURE: With this piece, we complete our free market awareness program donated to Wayland Group. Hopefully everyone is now TOTALLY AWARE of what sort of company they are and will be allocating their money accordingly. But, rest assured, we’ll be watching vigilantly going forward.