Cannabis, crypto and connections: Wayland Group’s shifting fortunes [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Cannabis, crypto and connections: Wayland Group’s shifting fortunes Part of cannabis and A warning sign of fresh trouble for Wayland Group Corp. came to light in late April. Once one of Canada’s most promising cannabis companies, Wayland announced on April 23 that it likely wouldn’t file its 218 financial statements on time. A week later, it confirmed the delay, prompting the Ontario Securities Commission (OSC) to place a cease trade order on its shares. For months, the company was quiet. But in the dying minutes of Friday, Aug. 2, as most of the country was settling in to a midsummer long weekend, Wayland sent out an unexpected news release. Story continues below advertisement Its chief executive had resigned, its auditor had quit – and there still weren’t any financial statements. Instead, Wayland announced a deal to sell its Canadian assets to a cryptocurrency company and revealed discussions to sell its remaining international business to ICC International Cannabis Corp., an ea
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