As previously announced, Wayland will seek an approval and vesting order in respect of the Transaction at the hearing currently scheduled for
The
Additional information regarding the orders being sought by the
About
Wayland is a vertically integrated cultivator and processor of cannabis. Wayland was founded in 2013 and is based in
Forward Looking Information
This news release includes forward-looking information and statements, which may generally be identified by the use of the words “will”, “currently”, “subject to”, “conditional” and variations or similar expressions which 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 including, without limitation, that Wayland will seek the order of the court, that the liquidation of the
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 Wayland to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such assumptions, risks, uncertainties and other factors include, but are not limited to, that the DIP lender and the Monitor will consent to the Transaction; that the
Although Wayland 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. In particular, the completion of the Transaction is subject to a number of conditions and uncertainties (including those noted above) and Wayland can offer no assurance that the Transaction will be completed on the terms, conditions and timelines anticipated by Wayland or at all, and Wayland expects that the consequence of any failure to consummate the Transaction on such terms, conditions and timelines would result in a liquidation of the Wayland Group’s property by the Monitor. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, Wayland 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, changes in the CCAA Proceedings 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 regarding the Company’s CCAA Proceedings
For more information and copies of documents relating to the CCAA Proceedings, please refer to the Monitor’s website at www.pwc.com/ca/wayland
Additional enquiries for the Monitor may be directed to:
In its capacity as Court-appointed Monitor of
Telephone: | 416-687-8534 |
Email: | cmt_processing@ca.pwc.com |
Contact: |
Source:
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