VANCOUVER, BC / ACCESSWIRE / January 28, 2020
MOTA VENTURES CORP. (CSE:MOTA)(FSE:1WZ)(OTC:PEMTF) (the “Company“or “Mota“), an emerging vertically-integrated global CBD brand, is pleased to announce that it has entered into a licensing and royalty agreement dated January 17, 2020 (the “Licensing Agreement“) with Phenome One Corporation (“Phenome“), a privately held full-service live genetic and seed preservation cannabis company. The Licensing Agreement provides the Company with full access to Canada’s largest live genetic cannabis library with over 350 cultivars that have been laboratory analyzed and rigorously field-tested, as well as access to over 1,700 unique global genetics in its seed bank and Phenome’s farming intellectual property (“IP“).
Pursuant to the Licensing Agreement, the Company will have the right to propagate, cultivate, harvest and process a minimum of 10 selected cultivars from Phenome’s genetic library, and to sell products of any kind produced from the selected cultivars. The Company will also be granted unlimited access to Norstar Nutrients’ (“Norstar“) proprietary nutrient IP and catalogue.
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