Cannabis and Hemp Industry Investment News

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Mota Ventures sees strong sales increase amid COVID-19 Crisis

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(CSE: MOTA-OTCMKTS: PEMTF) CEO Ryan Hoggan joined Steve Darling from Proactive Vancouver to discuss how the company is doing during the Corona Virus crisis and how it has affected sales.

Hoggan also told Proactive about a new product line the company has started and how excited they are to complete the acquisition of the Spanish CBD company Sativida

CSE:MOTA

Market: CSE
Market Cap: $8.4 m
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Mota Ventures sees strong sales increase amid COVID-10 Crisis

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(CSE: MOTA-OTCMKTS: PEMTF) CEO Ryan Hoggan joined Steve Darling from Proactive Vancouver to discuss how the company is doing during the Corona Virus crisis and how it has affected sales.

Hoggan also told Proactive about a new product line the company has started and how excited they are to complete the acquisition of the Spanish CBD company Sativida

CSE:MOTA

Market: CSE
Market Cap: $7.81 m
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Mota Ventures brings in C$1.72 million to advance First Class CBD brand

The company aims to establish sales channels and a distribution network internationally through the acquisition of the Sativida and First Class CBD brands

"This demonstrates the high level of confidence our investors have in the company," said Mota's CEO

Corp () (OTCMKTS:PEMTF), the CBD-focused product company, told investors it has completed a placing, raising C$1.72 million gross.

"The company anticipates utilizing the proceeds of the offering to further develop and market products under the First Class CBD brand, and provide support for ongoing operations of Sativida, and for general working capital purposes," it said in a statement.

READ: Mota Ventures draws more than 5.5K new customers in two weeks with immune support CBD

The company aims to establish sales channels and a distribution network internationally through the acquisition of the Sativida and First Class CBD brands.

The group issued over 6.14 million units at C$0.28 a throw. Each unit consists of one company share and one share purchase warrant, which is exercisable to buy a further share for C$0.38 for 24 months.

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Mota Ventures draws more than 5.5K new customers in two weeks with immune support CBD

The company has drawn interest from customers historically hesitant to buy CBD but who are seeking immune support and anti-inflammatory products

The popularity of the product, marketed under its First Class brand, has generated an average order of US$189 for immune support customers

Corp () (OTCMKTS:PEMTF) has signed up more than 5,500 new customers and received some 50,000 inquiries since the launch of its immune support line of products on March 14.

Earlier this week, the company introduced an immune support CBD oil and elderberry gummies. The product contains CBD, B3, B12, vitamin C and zinc and is made from 100% pure essential oils containing cinnamon leaf, lemon, clove bud, lime, eucalyptus, globulus, rosemary, peppermint, spearmint and oregano. 

The popularity of the product, marketed under its First Class brand, has generated an average order of US$189 for immune support customers.

READ: Mota Ventures to launch an immune support CBD line

“The Immune Support product launch has been the most successful product launch in the history of our First Class brand,” CEO Ryan Hoggan said in a statement. “E-Commerce is a fast-moving sector, especially during these very unique times we are facing today. Our ability as a company to quickly develop and launch new products to meet market demand is a testament to our expertise.”

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Mota Ventures moves forward with acquisition of Spanish CBD company Sativida

The transaction consists of an initial €2 million (US$2.2 million) and an earn-out component of three milestone payments based on Sativida’s revenue

Mota Ventures said it was 'excited' to be at the forefront of the expansion of the CBD market in Europe and internationally

 Corp () (OTCMKTS:PEMTF) said Thursday that it is moving forward with its previously inked binding agreement with VIDA BCN LABS SL (Spain) and Sativida OU (Estonia) to acquire Spanish CBD company Sativida.

In a statement, Mota said that it has now acquired the intellectual property and trade names of Sativida from Sativida OU (Estonia). The company will license both back to Sativida OU's subsidiary, VIDA BCN LABS SL in exchange for a royalty linked to the gross revenue generated by Sativida.

Sativida is 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 is also 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.

READ: Mota Ventures to acquire European-certified CBD company Sativida

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Mota Ventures to launch an immune support CBD line

The decision is inspired by how the company’s pure herbal immunity blend, promoted under the First Class brand, is firing up sales

Mota Ventures is launching new immune boosting products which contain CBD and vitamins B3, B12 and C with zinc

Corp () (OTCMKTS:PEMTF) said Monday that it is launching an immune support CBD line inspired by the traction it is getting from the March 14 launch of its Pure Herbal Immunity Blend, which is marketed under its First Class brand. 

In a statement, the Vancouver-based company said its all-natural Immunity Blend snapped up 1,838 new customers within a week. The formulation includes 100% pure essential oils, including cinnamon leaf, lemon, clove bud, lime, eucalyptus globulus, rosemary, peppermint, spearmint and oregano, the company said.

Given the pent-up demand for pure and natural products to support the immune system, said it will launch an immune support CBD oil, along with an elderberry gummy product. The new immune CBD product contains CBD, and vitamins B3, B12, and C with zinc.

READ: Mota Ventures' prized First Class CBD brand clocks record sales of about C$3 million in February

“As our customers around the globe face challenges in their daily lives, we are working diligently to provide products to help families with natural health needs,” said Mota Ventures CEO Ryan Hoggan.

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Mota Ventures' prized First Class CBD brand clocks record sales of about C$3 million in February

Mota Ventures said due to 'accelerated marketing efforts' in late-January, the brand improved gross margins by 4.9% in January, compared to February

Corp () (OTCMKTS:PEMTF) said Friday that in February its First Class CBD brand achieved record sales of C$2,981,000, with related expenses for the same period amounting to C$2,814,000.

In a statement, the Vancouver-based company said that due to “accelerated marketing efforts” in late-January, the brand improved gross margins by 4.9% in January, compared to February.

“These efforts will yield a further positive impact on revenue and margin in subsequent months,” said the company in a statement.

READ: Mota Ventures taps e-commerce veteran Ryan Hoggan as new CEO

Sales in February this year soared 832% to C$2,981,000, compared to C$320,000 in the same period in 2019. 

First Class offers a CBD hemp-oil formulation derived from hemp cultivated in the US. The extraction process keeps hemp’s beneficial qualities intact. First Class offers a range of products, which include CBD oil drops, CBD gummies, CBD pain relief cream, CBD skin serum and CBD coffee.

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Mota Ventures launches discussion forum on online platform AGORACOM

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AGORACOM is the pioneer of online marketing, broadcasting, conferences and IR services to North American small and mid-cap public companies

The forum will serve as Mota's primary social media platform to interact with both shareholders and the broader investment community

Corp () (OTCMKTS:PEMTF) said it had hired AGORA Internet Relations Corp (AGORACOM) for an initial 12 months to provide online advertising and marketing services and has launched a 'CEO verified' discussion forum on the platform. 

AGORACOM is the pioneer of online marketing, broadcasting, conferences and IR services to North American small and mid-cap public companies, with more than 300 companies served, said Mota. 

READ: Mota Ventures, Stillcana to hold off on planned merger amid tough market conditions

The Mota Ventures HUB is live and can be found HERE.

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Mota Ventures, Stillcana to hold off on planned merger amid tough market conditions

The two Europe-focused cannabis companies signed a letter of intent last week

Corp () (OTCMKTS:PEMTF) told investors Monday that it has opted not to go forward with its planned strategic merger with Stillcanna Inc, citing difficult market conditions. 

The letter, dated February 26, would have seen Mota acquire the outstanding share capital of the large-scale CBD oil extraction company to further its own operations in the European market. 

The decision was made by both parties, the company said.

READ: Mota Ventures inks LOI for strategic merger with Stillcanna

"After assessing the current market conditions and the sentiment of our shareholders, we have mutually decided with Stillcanna to terminate our letter of intent,” Mota CEO Ryan Hoggan said in a statement. 

“Furthermore, we will no longer proceed with the announced financing tied to the acquisition as we do not have the financial need at this time. We are an established e-commerce business and will continue to execute our planned expansion into the European market," he added. 

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Mota Ventures acquires Stillcanna giving them instant access to E.U.

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(CSE:MOTA-OTC: PEMTF) CEO Ryan Hoggan sat down with Steve Darling from Proactive in Vancouver to discuss his recent appointment as CEO of the company. Hoggan discussed his background and how a health scare put him on a new path leading up to today. 

Hoggan also told Proactive about their recent acquisition of Stillcanna and how that helps their business plan in the European Union.

CSE:MOTA

Market: CSE
Market Cap: $5.95 m
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Mota Ventures inks LOI for strategic merger with Stillcanna

This aligns with Mota’s expansion plan to vertically integrate operations in Europe, while increasing profit margins in CBD product offerings

Stillcanna shareholders would receive one Mota share for every 1.8 shares of Stillcanna held at the time of exchange

Corp () (OTCMKTS:PEMTF) said Wednesday that it signed a letter of intent with Stillcanna Inc (CSE:STIL) (OTC:SCNNF) to acquire Stillcanna’s outstanding share capital.

It’s a strategic merger as Mota is a CBD product marketing company with online retail brands in the US and Europe, while vertically-integrated Stillcanna focuses on large-scale CBD oil extraction and serves customers in Europe.

In a statement, CEO Ryan Hoggan said he was “excited” to pursue a transaction with Stillcanna as the merger would “fit brilliantly” with Mota’s strategic expansion plan to “vertically integrate operations in Europe, while increasing profit margins in product offerings.”

READ: Mota Ventures and BevCanna Enterprises finalize joint venture to sell CBD products in Europe

“Product awareness and availability are still quite limited in Europe, which presents an opportunity for Mota to further establish its brands in a market that is expected to experience rapid growth in the near term,” said Hoggan.

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Mota Ventures taps e-commerce veteran Ryan Hoggan as new CEO

He is an experienced strategist with a strong understanding of building high-value consumer brands with significant revenue

The firm is preparing to roll out its European CBD brand Sativida in the US

Corp () (OTCMKTS:PEMTF) is tapping online e-commerce expert Ryan Hoggan as its new CEO as the cannabis firm embarks on a busy year. 

Hoggan’s appointment comes as Vancouver-based Mota recently closed the acquisition of Wyoming’s First Class CBD, of which Hoggan is a founder, making him a “natural fit” for the CEO role, according to the company. 

The firm is also preparing to roll out its European CBD brand Sativida in the US.

READ: Mota Ventures marks major milestone with acquisition of online retailer First Class CBD for US$32M

Hoggan is an experienced strategist with a strong understanding of building high-value consumer brands with significant annual revenue, Mota told shareholders in a statement.

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NA Proactive news snapshot: Blackrock, Zinc8, Duos, Silvercorp, Co-Diagnostics, Exactus UPDATE

A glance at some of the day's highlights from the Proactive Investors US and Canada newswires

MGX Renewables Inc dba () granted 2,787,951 stock options to its directors, officers, employees and consultants on Tuesday, the company said in a release. Each option is exercisable at C$0.32 for a five-year period. The Vancouver-based company is pioneering zinc-air batteries for mass storage systems. 

() (NYSE:SVM) announced Tuesday that its Ying and GC mines in China received municipal government approval to resume operations. The Vancouver-based miner said that workers are returning to the mine sites to restart mining. Shares of Silvercorp rose 2% in Toronto and 1.5% in New York on the positive news to trade at C$5.34 and US$4.03 respectively on Tuesday afternoon. 

Duos Technologies Group Inc (NASDAQ:DUOT), an intelligent analytical technology provider, closed its earlier announced underwritten public offering of 1,355 million shares at a price of $6 per share for gross proceeds of $8,100,000, before deducting underwriting discounts, commissions and other expenses. The company began trading on the Nasdaq under the ticker symbol DUOT on February 13. It plans to use the proceeds for research and development and marketing. Duos has granted the underwriters a 45-day option to purchase an additional 200,000 shares. ThinkEquity, a division of Fordham Financial Management, acted as sole book-running manager. 

Inc () has caught the eye of analysts at Maxim Group as it moves ahead with its coronavirus diagnostic test. Maxim tagged the company with a Buy rating and increased its price target to $5 from $2, citing the speed at which developed a detection test for the virus and its subsequent first sales in China. “[The speed of development] highlights not just the platform's versatility, but also 's ability to produce tests in a time efficient manner as future threats emerge,” Maxim wrote.

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Primary Energy Metals amends development deal in Spain with Exco Mining to allow focus on vanadium

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Exco Mining will be assigned all of the rights to a pair of cobalt projects, according to Primary Energy Metals

Primary Energy Metals' projects include vanadium and uranium claims in Utah

Primary Energy Metals Inc () (OTCMKTS:PEMTF) said Tuesday that it and Exco Mining SA have amended their July deal in a way that allows the companies to develop projects in Spain independently.

The Vancouver-based metals company said in a press release that it will be assigned all of the rights to the Altair vanadium permit and have the right to earn up to 90% interest in the Odin vanadium permit after issuing 1.5 million common shares to Exco Mining and agreeing to spend at least 1.39 million euros on exploration over the next 36 months.

READ: Primary Energy Metals agrees to buy uranium-claims holder Prost Vanadium

At the same time, Exco Mining will be assigned all of the rights to the Buran and Beatriz cobalt projects, according to Primary Energy Metals.

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Primary Energy Metals agrees to buy uranium-claims holder Prost Vanadium

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The acquisition target possesses the rights to 176 lode claims in the La Sal District of San Juan, Utah

Primary is pricking up vanadium and uranium lode claims in San Juan, Utah

() said Wednesday that it has agreed to buy all of the outstanding shares of Prost Vanadium Ltd, which holds the rights to 176 vanadium and uranium lode claims in the La Sal District of San Juan, Utah.

Under the agreement, Primary will issue 12 million common shares to the shareholders of Vancouver-based Prost and assume liabilities of about US$150,000.

READ: Primary Energy Metals to acquire 199 lode claims in Utah's Polar Mesa area

“We are very pleased to increase our land position in Utah with these additional past producing mines,” Patrick Morris, the CEO of Vancouver-based Primary, said in a statement. “We believe this strategic acquisition will not only be good for our shareholders but for the supply chain.”

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Primary Energy Metals see big upside with projects in Utah, Spain and British Columbia

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Primary Energy Metals () CEO Patrick Morris joined Steve Darling from Proactive Investors in Vancouver to update Primary's projects around the world including Spain.

Morris also provided details of their recent acquisition of 39 mineral claims in various locations in the Province of Quebec totaling almost 986 hectares.
 

CSE:MOTA

Market: CSE
Market Cap: $11.89 m
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Primary Energy Metals appoints new director with expertise in green energy metals

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Primary Energy Metals Inc announced it had appointed Chaimae El Amri as a director of Primary Energy Metals and general manager of EXCO Mining joint ventures operations in Spain

Primary Energy Metals is focused on acquiring, exploring and developing ethically sourced vanadium, cobalt, copper, nickel, and uranium-focused properties

Bright news for Primary Energy Metals Inc (), which announced Friday it has appointed Chaimae El Amri as a director of Primary Energy Metals and general manager of EXCO Mining joint ventures operations in Spain.

El Amri will be an independent director for Primary and is the co-founder and Managing Director of Societe Green Energy Resources: a Moroccan-based junior exploration company, that has a goal of becoming a force in the Green Energy Revolution through the development of manganese, copper deposits and becoming a low-cost supplier for the battery industry.

El Amri holds a Master's Degree in the Field of Audit and Management Control from the Ecole Nationale de Commerce et de Gestion, a Diploma in Financial Management and Accounting, from the Faculty of Science, Law, Economics and Social.

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Primary Energy Metals shares now trading in Frankfurt

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The firm' is focused on vanadium, cobalt, copper, nickel, and uranium-focused properties

The Frankfurt skyline

Primary Energy Metals Inc (CSE-PRIM, FSE-1WZ:GR) revealed that its shares are now changing hands on the Frankfurt Stock Exchange (FSE).

"The listing of Primary Energy Metals on the Frankfurt Stock Exchange in addition to the Canadian Stock Exchange (CSE) will heighten exposure of Primary in this major marketplace with its knowledgeable investor base traditionally very active in the junior mining and battery metals space," said Patrick Morris.

"This is a great opportunity to introduce Primary to a receptive European investing audience at a time when Primary will be actively generating results from exploration and development of green energy projects and minerals."

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Primary Energy Metals brings in C$1.25mln after closing first tranche of financing

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The group issued over 16.7mln units at C$0.075 each for gross proceeds of C$1,257,585

The company expects to close a further tranche of the placement shortly, it said.

Primary Energy Metals Inc ()  has brought in over C$1.2mln after closing the first tranche of a private placing.

The group has issued over 16.7mln units at C$0.075 per unit for gross proceeds of C$1,257,585. Each unit consists of one share and one share purchase warrant exercisable at a price of C$0.15 cents for 12 months. The company expects to close a further tranche of the placement shortly, and will provide additional information as soon as it becomes available.

READ: Primary Cobalt set for name change to Primary Energy Metals Inc on September 4

On Wednesday this week, the group inked an arm's-length acquisition agreement with its US subsidiary, Primary Nirvana Inc. and Green Energy Minerals Ltd. to acquire a 100% interest in 199 unpatented lode claims in the Polar Mesa area of Utah (the Nirvana I project).

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Primary Energy Metals to acquire 199 lode claims in Utah's Polar Mesa area

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The company said it had signed an arm's-length acquisition agreement to acquire a 100% interest in unpatented lode claims in the Polar Mesa area of Utah

Primary Energy Metals is a Vancouver-based junior exploration company

() announced Wednesday it has signed an arm's-length acquisition agreement with its US subsidiary, Primary Nirvana Inc. and Green Energy Minerals Ltd. to acquire a 100% interest in 199 unpatented lode claims in the Polar Mesa area of Utah (the Nirvana I project).

The company said it will pay US$180,000 to cover staking fees and county and Bureau of Land Management payments, and it will issue 10 million common shares.

The Polar Mesa claims (the Nirvana I project) form a single contiguous claim block covered by 199 unpatented federal lode claims in Uravan belt, with historical mining going back to the 1880s.

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