Maricann Group Inc. (CNSX:WAYL) agreed to acquire 50.1% stake in Tropicana Pty Ltd. for CAD 28.8 million on December 3, 2018. As per agreement, Maricann Group agreed to make an initial payment of CAD 4.8 million followed by a second payment of CAD 24 million following certain milestones being achieved, including issuance to Tropicann of a license to cultivate cannabis in Australia. The payments are conditional on receipt of applicable stock exchange approval, approval of holders of at least two-thirds of the Wayland Group's outstanding debentures and any other applicable approvals. Wayland Group Corp. (CNSX:WAYL) cancelled the acquisition of 50.1% stake in Tropicana Pty Ltd. on December 3, 2019.