Wayland Group (CNSX:WAYL) entered into an agreement to acquire 97% stake in Agro Ivica Dumandzic S.R.L. for $7.4 million on December 10, 2018. As part of consideration, $4.5 million will be paid in cash and the remaining will be paid by issuing 3.225 million shares. The payment in common shares is conditional on receipt of stock exchange approval. Wayland Group (CNSX:WAYL) cancelled the acquisition of 97% stake in Agro Ivica Dumandzic S.R.L. on December 10, 2019.