Mota Ventures to acquire European-certified CBD company Sativida

Mota Ventures to acquire European-certified CBD company Sativida

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) said Friday that it inked a binding agreement with VIDA BCN LABS SL (Spain) and Sativida OU (Estonia) to acquire producer and online CBD retailer Sativida. In a statement, the Vancouver, British Columbia, company said Sativida was a producer and online retailer of CBD and branded CBD products in certain jurisdictions in Europe, including Spain, Portugal, Austria, Germany, France and the UK. Sativida sells organic CBD oils and cosmetics across Europe and is in the process of expanding its distribution network to include the US. According to the company, Sativida is the top search-ranked online retailer of CBD products in Spain and Mexico and plans to continue expanding its footprint in Europe and Latin America. “We are excited to be at the forefront of the expansion of the CBD market in Europe and internationally. Currently, product availability and consumer awareness is in its infancy and the market is fragmented,” said Mota Ventures CEO Joel Shacker in a statement. Shacker said the acquisition of an “established brand” such as Sativida is a “great opportunity” to get a toehold and expand into Europe. “Using our newly formed and integrated infrastructure, we plan to rapidly capture market share and consolidate consumer…

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Source : CANNANNEW REPORT
Link to original : Mota Ventures to acquire European-certified CBD company Sativida
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