VANCOUVER, BC / ACCESSWIRE / February 13, 2020 / Mota Ventures Corp. (CSE:MOTA)(FSE:1WZ:GR)(OTC:PEMTF) ('Mota Ventures' or the 'Company') is excited to announce that it has entered into a service agreement (the 'Agreement') with Unified Funding, LLC ('Unified') for the expansion of the Sativida brand in the United States. Pursuant to the Agreement, Unified will provide assistance to Sativida with product sourcing, packaging, shipping, payment infrastructure and marketing.
Unified Funding is a rapidly growing e-Commerce and technology company focused on serving U.S.-based and international consumers in the CBD and natural health products market. Powered by its proprietary technology platform, Unified has created an e-Commerce ecosystem to scale its brands and achieve profitability targets through data analysis, strategic customer acquisition and supply chain management. Since inception, Unified has generated a database of over 4.5 million consumers and has facilitated over US$200 million in consumer transactions from more than one million paying customers.
'We're very pleased to be partnering with Sativida on their strategic U.S. expansion efforts,' said Kevin Keranen, Chairman of Unified. 'Sativida has created a significant opportunity to amass market share in the U.S. by building a well-recognized, valuable brand in the European market. Through Unified's proprietary technology platform and ecosystem of marketing, our objective is to transfer this value to U.S. consumers.'
Sativida currently develops and retails a vast range of organic CBD oils and cosmetics across Europe, and is in the process of expanding its distribution network internationally to include the United States. Sativida has become the number one search-ranked online retailer of CBD products in Spain and Mexico and intends to continue its expansion into other countries in Europe and Latin America.
'We are very excited about the partnership between Unified and Sativida. Unified's expertise in online sales was the catalyst for the rapid growth of First Class CBD. We believe the combination of Unified's extensive experience in the U.S. market and strong logistics and supply chain, combined with the quality organic CBD offerings of Sativida, will result in a seamless entry and strong growth in the U.S. market for Sativida,' stated Joel Shacker, CEO of the Company.
About Mota Ventures Corp.
Mota Ventures is seeking to become a vertically integrated CBD company with operations in Europe and the Americas. Its wholly-owned subsidiary, First Class CBD, is a profitable online retailer of CBD and CBD-infused products in the United States and the Company is currently in the process of acquiring Sativida, a successful online retailer CBD and CBD products in Europe. Mota Ventures, through a wholly-owned subsidiary, holds a licence to cultivate non-psychoactive cannabis and produce CBD in Colombia and is developing cultivation operations on its 2.5-hectare site in Guasca, Colombia. Mota Ventures believes that low cost CBD production at its property in Colombia coupled with its international, direct-to-customer sales channels will propel its continued success.
Sativida is a producer and online retailer of CBD and branded CBD products in various jurisdictions in Europe, including Spain, Portugal, Austria, Germany, France and the United Kingdom. Sativida currently develops and retails a vast range of organic CBD oils and cosmetics across Europe and is currently expanding its distribution network internationally. For more information on Sativida, readers are encouraged to review their website, www.sativida.es
ON BEHALF OF THE BOARD OF DIRECTORS
MOTA VENTURES CORP.
Chief Executive Officer
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statement
All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to the Company within the meaning of applicable securities laws, including with respect to the successful acquisition of Sativida, the success of Sativida's entry into the U.S. market, its plans to become a vertically integrated global CBD company, its plans to cultivate and extract cannabis to produce CBD in Colombia. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
SOURCE: Mota Ventures Corp.
View source version on accesswire.com: