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TORONTO — Morganti & Co., P.C., a cross border shareholder’s rights law firm, is representing investors in a shareholder class action lawsuit against Wayland Group Corp. (“WAYL”)(formerly Maricann Group Inc.), seeking to recover money resulting from the drop in share price on October 1, 2018, February 21-22, and April 30, and, the ultimately halt of trading on May 6, 2019.

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 (i.e., the Langton Facility). Commencing January 26, 2018, WAYL represented that Phase One of the expansion project was fully funded and on schedule. Yet, during the Class Period, WAYL continuously delayed the completion date and required additional funding. Eventually, WAYL was unable to complete its 2018, Q1 and Q2 2019 financial statements. Its auditor resigned blaming its former CEO for causing problems, whom was subsequently discharged by the Board of Directors. WAYL’s securities are subject to a cease-trading order issued by the Ontario Securities Commission.