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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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Message: Received a response....

KOO - That is why I said to ignore that page 8 table as we know that by April 30th, they had not paid anything on the Q4 PP. It will stay moot until they announce that they have paid it.

I will be very surprised if they answer your query below as it would be telling you something that has not been released publicly. All they have released is that they had not paid it by April 30th.

KOO query to IR:

"So, therefore, no funds from the Q4 PP were passed on to 3rd Eye to reduce the loan? As such, the company made full use of April 1, 2019 (Q4 PP) in the amount of $11.3 Mil US for its operations. Is  this correct?"

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