MRRCF - Wayland (Maricann): 80% Sales Drop Caps A Horrific Quarter
Wayland Group (MRRCF) announced its earnings for the three months ended on September 30, 2018, a little while back. However, we haven't had a chance to cover this stock since our initial article "Maricann: Damaged Goods For This Cannabis Producer?" back in April 2018. The earnings were very bad, and one has to question whether the problem is temporary or more structural in nature with revenue dropping from $1.1 million to a mere $225k! What happened at Wayland, and is it a worthy investment?
Situation Overview
Wayland has significantly underperformed its peers during