Mar­i­cann claims no in­volve­ment in pro­mo­tional e-mails

Stockwatch Daily - - FRONT PAGE - Mr. Gra­ham Farrell re­ports

MAR­I­CANN GROUP Inc. has made the fol­low­ing state­ments re­gard­ing re­cent mar­ket ac­tiv­ity in its com­mon shares traded on the OTCQB mar­ket­place. The com­pany has been asked to is­sue this re­lease by OTC Mar­kets to com­ment on cer­tain con­tin­ued pro­mo­tional ac­tiv­i­ties begin­ning on or around Oct. 1, 2018. The com­pany be­came aware of cer­tain con­tin­ued pro­mo­tional ac­tiv­ity re­lat­ing to its se­cu­ri­ties on Oct. 8, 2018, upon re­ceipt of cor­re­spon­dence from OTC Mar­kets specif­i­cally re­lated to cer­tain pro­mo­tional lit­er­a­ture en­cour­ag­ing in­vestors to pur­chase the com­pany’s com­mon shares and mak­ing cer­tain state­ments re­gard­ing the po­ten­tial re­turns on such in­vest­ment, in­clud­ing cer­tain pro­mo­tional newsletter e-mails. Un­til be­ing in­formed by OTC Mar­kets of the pro­mo­tional ma­te­rial, the com­pany was un­aware of the pro­mo­tional ac­tiv­ity, and re­mains un­aware of the full na­ture of the pro­mo­tional ac­tiv­ity and the ex­tent of the dis­sem­i­na­tion. It is dif­fi­cult to de­ter­mine what im­pact the pro­mo­tional ma­te­ri­als have had on the trad­ing ac­tiv­ity in the com­pany’s com­mon shares but the com­pany be­lieves that, if any­thing, such ma­te­ri­als have had a neg­a­tive im­pact on the trad­ing ac­tiv­ity of the com­pany’s com­mon shares given the lower-thanaver­age vol­umes ex­pe­ri­enced re­cently on the OTCQB mar­ket­place.

Upon re­view­ing the con­tent of the ma­te­rial, it ap­pears that cer­tain state­ments and claims made were taken from the com­pany’s web­site, his­tor­i­cal press re­leases and other pub­lic doc­u­ments, but the com­pany had no ed­i­to­rial con­trol over the con­tent of the ma­te­rial. Fur­ther­more, there are state­ments made which en­cour­age in­vestors to pur­chase the com­mon shares of the com­pany, which only ex­press the view of the au­thors, and the com­pany dis­claims any po­ten­tially ex­ag­ger­ated or mis­lead­ing state­ments con­tained in the ma­te­rial. In ad­di­tion, the com­pany has de­ter­mined that cer­tain state­ments in­cluded in these pub­li­ca­tions re­lated to the com­pany and its busi­ness might be read as mis­lead­ing and/or in­com­plete, and readers should not place un­due re­liance on these news­let­ters or web­sites. Specif­i­cally, the com­pany does not con­done the use of sen­sa­tional lan­guage to de­scribe the com­pany’s busi­ness prospects or the growth po­ten­tial of the com­pany’s in­dus­try. The com­pany does not con­done any state­ments made re­gard­ing the ur­gency of in­vest­ing in the com­pany’s com­mon shares or any other sim­i­lar state­ments. Fi­nally, the com­pany notes that in­vest­ing in the com­pany’s se­cu­ri­ties in­volves cer­tain risks and un­cer­tain­ties that in­vestors should re­view prior to mak­ing any in­vest­ment de­ci­sion. The com­pany en­cour­ages all in­vestors to un­der­take proper due dili­gence and care­fully con­sider all in­vest­ment de­ci­sions. The com­pany di­rects po­ten­tial in­vestors to rely solely on its fil­ings and dis­clo­sures made with Cana­dian se­cu­ri­ties reg­u­la­tors, avail­able on SEDAR, and as posted on the fil­ings and dis clo sure page for MRRCF on the OTC Mar­kets web­site.

The com­pany rou­tinely re­sponds to in­quiries from share­hold­ers, po­ten­tial in­vestors and in­vest­ment an­a­lysts, and gen­er­ates its own com­pany mar­ket­ing ma­te­ri­als. The com­pany paid a me­dia ser­vice, Ty­cona Me­dia, to place ban­ner ad­ver­tise­ments on high-traf­fic web­sites for the cannabis in­dus­try, com­plete with images of one em­ployee and the com­pany’s his­toric green­house op­er­a­tions. These me­dia slots were pur­chased and booked one month in ad­vance. How­ever, to the com­pany’s knowl­edge, af­ter due in­quiry of man­age­ment, nei­ther the com­pany, nor any of its of­fi­cers, direc­tors, con­trol­ling share­hold­ers or any third party ser­vice providers have di­rectly been in­volved with the cre­ation or dis­tri­bu­tion of pro­mo­tional newsletter e-mails or web­sites that make ex­ag­ger­ated or mis­lead­ing claims re­lated to the com­pany and its se­cu­ri­ties. In ad­di­tion, the com­pany con­firms that, af­ter due in­quiry, none of its of­fi­cers, direc­tors, con­trol­ling share­hold­ers or third party ser­vice providers has had any af­fil­i­a­tion or ar­range­ments with Lake Group Me­dia Inc. The com­pany notes In­vic­tus News has in­cluded a state­ment in cer­tain of its ma­te­rial re­gard­ing an agree­ment t o pay In­vic­tus News for its ser­vices, but it ap­pears that this state­ment was taken di­rectly from the dis­claimer used by Ty­cona Me­dia. The com­pany con­firmed with Ty­cona Me­dia that Ty­cona Me­dia has not paid In­vic­tus News or other pro­mot­ers to dis­sem­i­nate in­for­ma­tion about the com­pany. The com­pany con­firms that it does not have any en­gage­ment or agree­ment with In­vic­tus News, In­vic­tus MD, The Cannabis Com­pany, Gene Sim­mons and/or GENE on TSX-V.

Af­ter due in­quiry of the com­pany’s of­fi­cers, direc­tors, con­trol­ling share­hold­ers and third party ser­vice providers, ex­cept for two of­fi­cers that en­gaged in a se­cu­ri­ties lend­ing ar­range­ment (see press re­lease dated Aug. 10, 2018), nei­ther the com­pany, nor any of its of­fi­cers, direc­tors and, to the knowl­edge of the com­pany, any con­trol­ling share­hold­ers or third party ser­vice providers have sold or pur­chased the com­pany’s se­cu­ri­ties within the past 90 days. Such trans­ac­tions were in ac­cor­dance with the com­pany’s in­sider trad­ing pol­icy and were re­ported with the Sys­tem for Elec­tronic Dis­clo­sure (SEDI).

Since Sept. 1, 2017, the com­pany has en­gaged MJM Mar­kets and Con­sult­ing (Toronto, Canada; Fol­low The Money In­vestor Group, op­er­at­ing as 2632436 On­tario Ltd. (Toronto, Canada); Har­bor Ac­cess LLC (New York, United States); In­vest­ing News Net­work; M. Davis & As­so­ci­ates Cap­i­tal Inc. (Van­cou­ver, Canada); ERPR AS (Oslo, Nor­way); BlackX GmbH (Ger­many); Ty­con a Me dia (Van­cou­ver, Canada); DiePRBer­a­tor (Ger­many); and Pros­docimi (Lon­don, United King­dom) at var­i­ous times to pro­vide in­vestor re­la­tions ser­vices, pub­lic re­la­tions ser­vices, mar­ket­ing, na­tive ad­ver­tis­ing or other re­lated ser­vices, in­clud­ing the pro­mo­tion of the com­pany, its busi­ness and/or its se­cu­ri­ties.

The com­pany has not is­sued any con­vert­ible debt or eq­uity in­stru­ments that al­low con­ver­sion to eq­uity se­cu­ri­ties at prices con­sti­tut­ing a dis­count to the cur­rent mar­ket rate at the time of the is­suance. Mar­i­cann Group, through its sub­sidiaries, is op­er­at­ing un­der the Way­land Group name. For fur­ther de­tails, see the press re­lease dated Sept. 24, 2018.

About Way­land Group Way­land is a ver­ti­cally in­te­grated pro­ducer and dis­trib­u­tor of mar­i­juana for med­i­cal pur­poses. The com­pany was founded in 2013 and is based in Burling­ton, Ont., Canad, and Mu­nich, Ger­many, with pro­duc­tion fa­cil­i­ties in Lang­ton, Ont., 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.

We seek Safe Har­bor.

Ger­hardus Muller, Sumesh Paul Pathak, Eric Sil­ver, Michael Brian Stein, Ben­jamin Arnold Ward

(WAYL) Shares: 139,883,761

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.