Sativida, a firm that Mota is currently acquiring, develops and retails a range of organic CBD oils and cosmetics in Europe
Corp () (OTCMKTS:PEMTF) unveiled Thursday a tie-up with rapidly growing e-commerce firm Unified Funding to expand its Sativida brand in the USA.
Sativida, a firm that Mota is currently acquiring, develops and retails a vast range of organic CBD oils and cosmetics across Europe.
It is also in the process of expanding its distribution network internationally to include the United States.
READ: Mota Ventures marks major milestone with acquisition of online retailer First Class CBD for US$32M
The move comes after last month, Mota revealed it had bought online retail business First Class CBD for a total of US$32 million.
First Class offers a wide range of products, including CBD oil drops, CBD gummies, CBD pain relief cream and CBD skin serum.
"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," said Joel Shacker, the chief executive of Mota Ventures, in a statement.
"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."
Unified Funding is a rapidly growing e-Commerce and tech firm focused on serving US-based and international consumers in the CBD and natural health products market.
It has created an e-Commerce ecosystem to scale its brands and achieve profitability targets through data analysis, strategic customer acquisition and supply chain management.
Big database
Since its 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 a million paying customers.
Mota Ventures aims to become a vertically integrated CBD company with operations in Europe and the Americas.
Sativida is a producer and online retailer of CBD and branded CBD products in various countries in Europe, including Spain, Portugal, Austria, Germany, France and the UK.
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