Mota Ventures Corp. (CSE:MOTA)(FSE:1WZ:GR)(OTC:PEMTF) (the “Company”) is pleased to announce that it has received approval from The Depository Trust Company (“DTC”) to return the common shares of the Company Eligible for Electronic Clearing and Settled by DTC (“DTC Eligibility”).
DTC is a subsidiary of the Depository Trust and Clearing Corporation, a US corporation that handles electronic clearing and settlement for publicly traded companies. DTC Eligibility incorporates an electronic securities clearing method that expedites the receipt of stocks and cash, and thus speeds up the settlement process for some investors. DTC is a member of the United States Federal Reserve System, a limited purpose trust company governed by New York State banking law, and a registered clearing agency with the United States Securities and Exchange Commission.
In addition to trading over-the-counter in the United States under the symbol “PEMTF”, the common shares of the Company continue to trade on the Canadian Stock Exchange under the symbol “MOTA” and on the Frankfurt Stock Exchange under the symbol “MOTA”. symbol “1WZ”.
“We are very pleased to have achieved DTC eligibility as it simplifies the process for investors and brokers trading and trading our shares in the United States, which will benefit Mota and our shareholders. I also expect that being DTC eligible will improve our overall liquidity and help broaden our shareholder base in North America,” said Ryan Hoggan, CEO of the company.
About Mota Ventures Corp.
Mota is an established, direct-to-consumer e-commerce supplier of a wide range of CBD products in the United States and Europe. In the United States, the Company sells a CBD hemp oil formulation derived from hemp grown and formulated in the United States through its Nature’s Exclusive brands. In Europe, its award-winning Satavida brand of 100% organic CBD oils and cosmetics is sold throughout Spain, Portugal, Austria, Germany, France and the UK. Mota Ventures is also seeking to acquire additional revenue-generating CBD brands and operations in Europe and North America, with the aim of establishing an international distribution network for CBD products. Low-cost production, combined with international direct-to-customer sales channels, will form the basis of Mota Ventures’ success.
ON BEHALF OF THE BOARD OF DIRECTORS
MOTA VENTURES CORP.
Chief executive officer
For further information, readers are invited to contact Joel Shacker, President at +604.423.4733 or by email at IR@motaventuresco.com or www.motaventuresco.com
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 was prepared by management.
Caution Regarding Forward-Looking Statements
All statements contained in this press release, other than statements of historical fact, are “forward-looking information” about the Company within the meaning of applicable securities laws, including with respect to the liquidity and trading of its securities. common stock, its plans to become a vertically integrated global CBD brand, its cannabis cultivation and extraction plans to produce high-quality CBD and value-added CBD products in Latin America for domestic and international distribution, and its proposed brand acquisitions and revenue-generating CBD businesses in Europe and North America. 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, such information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions correct and that the objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, those identified and disclosed 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 the forward-looking information, there may be other factors that cause the actions , events or results are not those 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, except as required by law.
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