Press Release: Wayland Group : Wayland Completes Transaction with Ring International

TORONTO, April 23, 2020 (GLOBE NEWSWIRE) -- Wayland Group Corp. (CSE:WAYL) ("Wayland" or the "Company") today announced the closing of its previously announced transaction with Ring International Holding AG ("Ring") pursuant to which Wayland sold all of the issued and outstanding shares of Wayland's subsidiary, Maricann Inc. and certain other assets to an affiliate of Ring for a purchase price of up to CAD $12,400,000 (the "Transaction").