Cryptologic Corp., an encryption miner, considers the transition to a marijuana company and proposes to acquire the Wayland Group Canada business

Cryptologic Corp., a cryptocurrency miner, announced that it has signed a non-binding letter of intent with the cannabis planter and processor Wayland Group for the proposed acquisition of Wayland's Canadian operations, including its production facility in Langton, Ontario. Wayland's Canadian business related liabilities. It is expected that Cryptologic will sell its existing cryptocurrency mining and other business operations and assets before the end of the transaction, and Cryptologic will become a single-purpose cannabis company after the proposed transaction.