TORONTO, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or the “Company) announces the Company’s achievement of yet another international milestone as part of its global expansion plan: The Company has now exported THC distillate within a stability range that meets the standards suitable for product commercialization to Switzerland.
The Company has developed the process for distillation of cannabis resin for future commercial production of purified cannabis concentrates and their use in various cannabis products. Extraction and distillation was completed at Wayland’s facilities in Langton Ontario, Canada.
“This is the second country where we have successfully exported cannabis products from Canada, first to Germany and now to Switzerland. We have gained regulatory expertise to build a clear path for further exports as the Western European market develops”, said Ben Ward, CEO of Wayland. “Further, our products are within a stability range from which we can formulate products reliably and consistently for the cannabis market, including pharmaceuticals, and recreational products. This means we can make dosage-controlled edibles, beverages, and topicals, in combination with our proprietary VesiSorb technology, in addition to our existing CBD capsules marketed under our Mariplant brand”.
Wayland is one of the first companies to successfully create a stable range of THC distillate in Canada. The distillate will undertake further analysis and tests in Switzerland to ensure conformance with local Swiss ordinance. An export permit was granted by Health Canada to Wayland’s contract service provider and import permit by SwissMedic to Wayland’s Swiss Pharmaceutical Partner.
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 Corp.
Wayland is a vertically integrated producer and distributor of marijuana 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. Wayland is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq. m) footprint upon full buildout, and will continue to pursue new opportunities in Europe.
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 those relating to the potential for further exports . 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.
For more information about Wayland, please visit our website at www.waylandgroup.com
CONTACT INFORMATION
Investor Relations
Graham Farrell
VP, Communications
Graham.farrell@waylandgroup.com
647-643-7665
Corporate Headquarters (Canada)
Wayland Group Corp. (Toronto)
845 Harrington Court, Unit 3
Burlington Ontario L7N 3P3
Canada
289-288-6274
European Headquarters (Germany)
Maricann GmbH
Thierschstrasse 3, 80538 Munchen, Deutschland