NOTICE OF SETTLEMENT APPROVAL - SHORT FORM

WAYLAND GROUP CORP., SCOTT LANGILLE, GERHARD MÜLLER, PAUL PATHAK, ERIC SILVER, MICHAEL STEIN, JOHN DOES 1-3, CANACCORD GENUITY CORP., AND RF SECURITIES CLEARING LP (FORMERLY KNOWN AS GMP SECURITIES L.P.) SECURITIES CLASS ACTIONS

Read this notice carefully as it may affect your rights

This Notice is directed to all persons and entities, other than Excluded Persons¹, wherever they may reside or be domiciled, who purchased or otherwise acquired common shares, units and warrants of Wayland Group Corp. and Maricann Group Corp. on or after December 13, 2017 and held some or all of said securities as of the close of trading on August 2, 2019 (the "Class" or "Class Members")

TORONTO, April 1, 2026 /CNW/ --

PURPOSE OF THIS NOTICE
Class actions brought on behalf of Class Members have been settled. The Settlement has been approved by the Ontario Superior Court of Justice (the "Court"). This Notice provides Class Members with information about how to submit a Claim Form to the Administrator in order to participate in the distribution of the Net Settlement Amount.

THE ACTIONS
This Notice concerns the following three shareholder class actions which were commenced in the Court: (i) Marco Stajic, Mordecai Bobrowsky and Kyle Yamamura v. Wayland Group Corp. and Benjamin Ward, Court File No. CV-21-00665194-00CP (the "Wayland Action"); (ii) Marko Stajic v. Scott Langille, Gerhard Muller, Paul Pathak, Eric Silver, Michael Stein and John Does 1-3, Court File No. CV-22-00687490-00CP (the "Stajic Action"); and (iii) Michaël Bordeleau-Tassile v. Canaccord Genuity Corp., and GMP Securities L.P., Court File No. CV-23-00693650-00CP (the "Bordeleau-Tassile Action" and collectively with the Wayland Action and the Stajic Action, the "Actions").

The Plaintiffs in the Actions allege that the Defendants made misrepresentations or failed to disclose a material change or material fact concerning Wayland, its operations and/or financial status, including in connection with its production facility located in Langton, Ontario and/or its Chief Executive Officer, Benjamin Ward, during the period of December 13, 2017 to August 2, 2019. The Defendants in the Stajic Action, the Defendants in the Bordeleau-Tassile Action, and with the Defendant Wayland, through its Litigation Guardian, in the Wayland Action (together, the "Settling Defendants") deny the allegations and deny any wrongdoing or liability.

The settlement of the Actions was approved by the Honourable Justice Edward Morgan on March 19, 2026. This notice provides a summary of the Settlement.

SUMMARY OF THE SETTLEMENT TERMS

The Settling Defendants will cause CAD $8 million (the "Settlement Amount") to be paid, in full and final settlement of all claims against it in the Action. Class Counsel Fees, including out-of-pocket expenses and taxes, were approved by the Court in the amount of $2,400,000, plus disbursements, plus taxes. The settlement for the Class, less the Class Counsel Fees and disbursements, administrator's expenses, and taxes, will be distributed to the Class in accordance with the Court-approved Plan of Allocation. The Settlement Agreement and Plan of Allocation may be viewed at www.bergermontague.com/cases/wayland-group-corp/.

HOW TO MAKE A CLAIM FOR COMPENSATION:

CLAIMS FOR COMPENSATION MUST BE RECEIVED BY AUGUST 20, 2026

Each Class Member must submit a completed Claim Form on or before August 20, 2026 in order to participate in the settlement.

The Claim Form can be accessed or downloaded at www.bergermontague.com/cases/wayland-group-corp/ or obtained by calling the Administrator at 647-576-7840. If you do not submit a completed Claim Form by August 20, 2026, you will not receive any part of the Net Settlement Amount.

The Court appointed Berger Montague (Canada) PC as the Administrator of the settlement to, among other things: (i) receive and process Claim Forms; (ii) decide eligibility for compensation; and (iii) distribute the Settlement Amount to eligible Class Members.

The Claim Form should be submitted to the Administrator by using the secure Online Claims System at https://nuvoclaims.com. You may submit a paper Claim Form only if you do not have internet access.

The Claim Form describes what information must be submitted on, and along with, the Claim Form. All members of the Class will be bound by the terms of the Settlement Agreement whether or not they submit a Claim Form or receive a payment under the settlement.

QUESTIONS
Questions for the Class Members' lawyers may be directed to:

Berger Montague (Canada) PC
330 Bay Street, Suite 505
Toronto, ON M5H 2S8
Tel: [phone]
Email: [email protected]     

INTERPRETATION
If there is a conflict between the provisions of this Notice and the Settlement Agreement, the terms of the Settlement Agreement will prevail.

This notice has been approved by the Court. Questions about matters in this notice should be directed to Berger Montague (Canada) PC and NOT directed to the Court.

¹ "Excluded Persons" means each Settling Defendant, their respective family members, and any businesses in which they have a financial interest, and any investor who falls within the certified Class definition but who validly opts-out of the Actions.

SOURCE Berger Montague