{"id":41233,"date":"2018-10-01T21:08:14","date_gmt":"2018-10-02T01:08:14","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=41233"},"modified":"2018-10-01T23:53:10","modified_gmt":"2018-10-02T03:53:10","slug":"wayland-group-corp-otcmktsmrrcf-shares-pulling-back-into-interesting-zone-of-opportunity","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/wayland-group-corp-otcmktsmrrcf-shares-pulling-back-into-interesting-zone-of-opportunity-41233","title":{"rendered":"Wayland Group Corp. (OTCMKTS:MRRCF) Shares Pulling Back Into Interesting Zone of Opportunity"},"content":{"rendered":"<p>Unless you\u2019ve been living under a rock, the cannabis space is on fire right now. It is our sacred mission to find stocks that have potential upside in that space that the crowd hasn\u2019t really found yet.<\/p>\n<p>Enter MRRCF. Shares are pulling back to test key support in this Canadian cannabis play. The company is making real money right now, with millions in revenues over the past few quarters. And that topline is growing at an astounding 82% (in other words, better than NFLX, AMZN, GOOG, FB, and APPL, by a significant margin).<\/p>\n<h3 class=\"entry-title\" style=\"text-align: center;\"><a href=\"http:\/\/invictusnews.com\/2018\/09\/29\/stake-your-claim-in-canadas-booming-legal-marijuana-industry\/?cid=wLS3FN767CGRQ37HHQUOC074\"><strong>Stake Your Claim in Canada\u2019s BOOMING Legal Marijuana Industry<\/strong><\/a><\/h3>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-41235\" src=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2018\/10\/MRRCF.Chart_.jpg\" alt=\"\" width=\"535\" height=\"436\" srcset=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2018\/10\/MRRCF.Chart_.jpg 535w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2018\/10\/MRRCF.Chart_-300x244.jpg 300w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2018\/10\/MRRCF.Chart_-515x420.jpg 515w\" sizes=\"(max-width: 535px) 100vw, 535px\" \/><\/p>\n<p><strong>Symbol:\u00a0 <\/strong>MRRCF<\/p>\n<p><strong>Company:\u00a0 <\/strong>Wayland Group Corp..<\/p>\n<p><strong>Quote:\u00a0 <\/strong><a href=\"http:\/\/finance.yahoo.com\/q?s=MRRCF\">http:\/\/finance.yahoo.com\/q?s=MRRCF<\/a><\/p>\n<p><strong>Latest News:\u00a0 <\/strong><a href=\"http:\/\/finance.yahoo.com\/q\/h?s=MRRCF+Headlines\">http:\/\/finance.yahoo.com\/q\/h?s=MRRCF+Headlines<\/a><\/p>\n<p><strong>Company Website:\u00a0 <\/strong>208.78M<\/p>\n<p><strong><u>Key Points:<\/u><\/strong><\/p>\n<ul>\n<li><strong>MRRCF<\/strong> is making real money, with trailing revs already coming in at $2.5M.<\/li>\n<li><strong>MRRCF<\/strong> is starting to see major topline growth, with quarterly y\/y revs increasing at 82%.<\/li>\n<li><strong>MRRCF<\/strong> is coming off an RSI trough under 50, pointing to a massively oversold stock now heading back the other way.<\/li>\n<li><strong>MRRCF<\/strong> just recorded a MACD Bullish reversal, suggesting a technical change in trend.<\/li>\n<li><strong>MRRCF<\/strong> is testing key support in an upward trending chart at the rising 50-day simple moving average.<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Wayland Group Corp. (OTCMKTS: MRRCF)<\/strong> is a vertically integrated producer and distributor of cannabis for medical purposes. The Company was founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario 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. Wayland is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq. m) and will continue to pursue new opportunities in Europe.<\/p>\n<p>Wayland Group Corp produces and sells marijuana for medical purposes. It offers dried marijuana, cannabis oil, and cannabis seeds and clones, as well as accessories, including vaporizers and other paraphernalia. The company was founded in 2013 and is headquartered in Burlington, Canada.<\/p>\n<p>&nbsp;<\/p>\n<p>Wayland Group Corp is a publicly traded medical cannabis company that serves thousands of patients. Wayland Group Corp. is currently expanding its cultivation, extraction, analytics and production facilities to elevate offerings and prepare for growth into the adult-use cannabis market in Canada, and ultimately into mature and developing cannabis markets worldwide. With a dedication to quality, integrity, authenticity, approachability and innovation, Wayland Group Corp. strives to exceed expectations and industry standards.<\/p>\n<p>&nbsp;<\/p>\n<p>As noted above, MRRCF has a significant war chest ($6.3M) of cash on the books, which compares with about $9.9M in total current liabilities. MRRCF is pulling in trailing 12-month revenues of $2.5M. In addition, the company is seeing major top-line growth, with y\/y quarterly revenues growing at 82.3%.<\/p>\n<p>&nbsp;<\/p>\n<p>The company just announced that it will open its first retail location in Zurich, Switzerland in 2019 &#8211; serving the market with high-quality cannabis products that contain a maximum THC content of 1 percent.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cAlready positioned to be a meaningful leader in this category, a retail footprint in Switzerland grants us the opportunity to bring an elevated standard of product to market in Europe, while also engaging these insights and learnings as we widen our potential retail expansion to Canada,\u201d said Ben Ward, CEO of Wayland Group Corp. \u201cWe\u2019re committed to bringing an elevated shopping experience to the cannabis category, and we\u2019re excited that experience will start in Zurich.\u201d<\/p>\n<p>The chart offers a nice pullback opportunity, with the cannabis space red hot and shares of this stock now dipping back to catch support around a rising 50-day simple moving average.<\/p>\n<p>&nbsp;<\/p>\n<p>Given the extreme momentum in the space right now, and the fact that Canada is set to legalize cannabis for \u201cadult use\u201d in just a couple weeks, this pullback in MRRCF could offer an extremely interesting opportunity. Keep it on the radar!<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>About MRRCF<\/u><\/strong><\/p>\n<p><strong>\u00a0<\/strong><strong>MRRCF (Wayland Group Corp.) <\/strong>is a vertically integrated producer and distributor of cannabis for medical purposes. The Company was founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario where it operates a medicinal cannabis cultivation, extraction, formulation and distribution business under federal licence from the Government of Canada.<\/p>\n<p>The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland. Wayland is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq. m) and will continue to pursue new opportunities in Europe.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unless you\u2019ve been living under a rock, the cannabis space is on fire right now. It is our sacred mission to find stocks that have [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":21341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[13366,13433,13432,13431],"stock_ticker":[],"class_list":["post-41233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-marijuana-stocks","tag-mrrcf","tag-otcmktsmrrcf","tag-wayland-group-corp-otcmktsmrrcf","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wayland Group Corp. 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