Investor Alert: Investors’ Pleadings against Wayland Group Corp. (f/k/a, Maricann) and its former investment bankers advance forward

(October 2, 2024). Berger Montague (Canada) PC announces that its clients’ pleadings against Wayland Group Corp., Benjamin Allan Ward, and Canaccord Genuity Corp. have been amended and will advance forward.

The Investors’ pleading seeks $37.3 million in damages for investors that purchased in certain of Wayland’s 2018 offerings and $86.8 million in damages for investors that purchased Wayland’s shares in the open stock markets located in Canada, Germany, and the United States of America.

To recover this money the investors are also seeking the return of the money that Mr. Ward’s family received through Mr. Ward’s salaries, bonuses, and directing Wayland to pay his related vendors and acquire companies that he owned financial interests. That pleading is identified as Stajic v. Bracic, CV-24-717509-00CP.

Mr. Ward, who was previously running Canadian Cannabis Corporation and his common law spouse, a lawyer, who served as Mr. Ward’s personal employment lawyer and the Chair of the Advisory Board of CCC, was charged by the Ontario Securities Commission for participating in an investment fraud. Wayland’s former auditor compared what happened to CCC to what happened to Wayland.

The next court hearing is schedule for December 3, 2024, when the Honourable Justice Morgan will address (1) the investors’ motion to disqualify the lawyers from Osler Hoskin & Harcourt LLP from representing any party in these coordinated shareholder class actions arising out from the Wayland Group Corp. corporate implosion; and (2) Wayland’s directors and officers’ insurance company’s motion to appoint a litigation guardian for the insurance companies, which the investors are opposing.

The litigation is being led by lawyers Andrew Morganti and Albert Pelletier and supported by Vince DeMarco.