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BREAKING: Mota Ventures Signs Letter of Intent for Merger with Stillcanna

  • Stillcanna looks to become one of the largest producers of THC-free CBD extracts in Europe
  • Stillcanna's Polish extraction facility, NEXUS, features industrial-scale centrifugal chromatography equipment that allows for the production of bulk THC-free CBD distillate as well as custom Cannabinoid profiles
  • In February 2020, Stillcanna's Romanian extraction facility, ORIGIN, which operates pursuant to a joint venture between Stillcanna and Dragonfly Biosciences Ltd., received approval from the Ministry of Health and the Anti-Drug Agency to become the first government recognized extraction facility in the country
  • To date C$23,000,000 has been invested by Stillcanna in the cultivation and extraction operations,
  • Current cash on hand in Stillcanna of approximately C$7,000,000
  • Stillcanna's CBD extracts are key to unlocking additional value in Mota's retail offerings in Europe
  • Shareholders of Stillcanna would receive one common share of Mota for every 1.8 common shares of Stillcanna held at the time of exchange

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Hub On AGORACOM / Read Release

 

Message: News: CEO Buys Large Stock Position & New Director

Two news releases over the last couple days:

 

 

Canaf announces share purchases by Mr. Christopher Way

 

July 29, 2019, Vancouver, British Columbia - Canaf Investments Inc. (TSXV: CAF), ("Canaf" or “the

Corporation”), announces that it has been advised by Mr. Christopher Way of Henfield, West Sussex, the United

Kingdom and the Chief Executive Officer of the Company, that Mr. Way recently has acquired beneficial ownership

and control of 845,007 common shares ("Common Shares") in the capital of Canaf for aggregate consideration of

C$33,800. The Common Shares were acquired by private transaction.

 

As of today's date, Mr. Way now owns or exercises control or direction over an aggregate of 7,011,714 Common

Shares representing 14.78% of the issued and outstanding Common Shares.

 

The Common Shares were acquired for investment purposes. Mr. Way may, in the future, increase or decrease his

ownership of securities of Canaf, directly or indirectly, from time to time depending upon the business and prospects

of Canaf and future market conditions.

 

 

 

Jul 30, 2019, Vancouver, British Columbia - Canaf Investments Inc., formerly known as Canaf Group Inc.,

(TSXV: CAF), ("Canaf") the Canada-registered corporation, is pleased to announce the appointment of Mr Peter

Wassenaar as a Director of Canaf effective today.

 

Peter is a practicing attorney based in Pretoria, South Africa. After having obtained his LLB degree from the

University of Pretoria in 2009, he became a founding member and director of the law firm Kriek Wassenaar and

Venter Inc in 2012, after being admitted as an attorney of the High Court. Peter’s work as attorney is focused on

company law, commercial transactions, contract and constitutional law. He is also a qualified litigation attorney

serving as counsel to numerous corporations and non-profits in South Africa.

 

Peter’s expertise will be of great value at a time when the Corporation is diversifying into new sectors via its

subsidiary, Canaf Investments (Pty) Ltd. Being based in South Africa, and with his commercial and legal experience,

the board sees his appointment as a strong strategic move for long term growth.

 Peter’s firm was also instrumential

in the successful broad-based black economic empowerment transaction that was completed earlier in the year.

The Corporation also confirms the resignation of Mr. Kevin Corrigan from the board of directors. Kevin steps down

as a director after serving nearly 10 years on the board, as he plans to focus more of his time on new projects and

positions. The board wishes him the best of luck for the future and thanks him for his professional advice and input

over his years of service.

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