Mota Ventures Announces 832% Growth in February 2020 over the Same Period Last Year and Provides Update on First Class CBD Sales
Mota Ventures Corp. (CSE:MOTA, FSE:1WZ1, OTC:PEMTF) (the “Company”) is excited to announce that for the month of February 2020, its First Class CBD brand achieved sales of Cdn$2,981,000, with related expenses for the same time period totaling Cdn$2,814,000. Due to accelerated marketing efforts in late January 2020, the brand was able to improve gross margins by 4.9% from January 2020 to February 2020. The Company anticipates these efforts will yield a further positive impact on revenue and margin in subsequent months. Sales for February 2019 were Cdn$320,000; therefore, February 2020 represents an increase of 832% over the same period last year.
First Class offers a CBD hemp-oil formulation intended to provide users with the therapeutic benefits that hemp may offer. The hemp oil used in the products is derived from hemp grown and cultivated in the United States. The extraction process is designed to maintain all the beneficial qualities that hemp may offer. First Class offers a range of products, which include CBD oil drops, CBD gummies, CBD pain relief cream, CBD skin serum and CBD coffee. The Company plans to continue growth of First Class in the United States over the balance of 2020, as well as an expansion into the European market.
Flower One Holdings Inc. (the “Company”) (CSE:FONE, OTCQX:FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today announced the launch of a new corporate video that provides an exclusive view of its production and extraction facility.
Within just over seven months in operation, Flower One now cultivates approximately 150 strains of cannabis while also maintaining a diverse catalogue of nearly every cannabis derivative product. The Company has the capacity to process between 3,000 and 5,000 pounds of biomass and between 100 and 150 liters of distillate per week. Flower One’s bulk distillate processing boasts exceptionally high success rates, with 90 percent of the lots achieving potencies of 90 percent or greater in Delta-9 THC levels. These premium downstream products enable the Company to capture higher margins, while, at the same time, provide brand and white label partners some of the most cutting-edge derivative products available on the market today.
RYAH Medtech, Inc. (“RYAH” or the “Company”), announced today that it has entered into a strategic arrangement with DelleD SAS, a biotech company specialized in medical cannabis in France, with an aim to participate in the French National Medical Cannabis Experimentation and ultimately, distribute the RYAH Dry-Herb Inhaler and software platform throughout the country.
Hill Street Beverage Company Inc. (TSXV:BEER) (“Hill Street” or the “Company”) reported its fiscal Q2 2020 financial results for the three-and six-month period ended December 31, 2019. A complete set of financial statements and Management’s Discussion & Analysis has been filed at www.sedar.com. All dollar figures are quoted in Canadian dollars.
FQ2 2020 Financial Highlights
TransCanna Holdings Inc. (CSE:TCAN) (FSE: TH8) (“TransCanna” or the “Company”) announces on March 3, 2020 the Stanislaus County Board of Supervisors issued a unanimous (5-0) vote of approval for Lyfted Farm, Inc. (“Lyfted Farms”) a subsidiary of TransCanna, Conditional Use Permit and Development Agreement for the Operation of the Daly Avenue Facility in South Modesto. The Daly facility is a 196,000 square foot industrial facility equipped for large scale cannabis cultivation, manufacturing, and distribution. This facility will be operated by Lyfted Farms in addition to its Cultivation, Nursery and Distribution facilities in North Modesto which were also unanimously approved by the County Board in January 2019.
To initiate operations at the Daly Avenue facility Lyfted Farms will need approval from California for its State licenses, those applications are currently in process.
Chemesis International Inc. (CSE:CSI) (OTC:CADMF) (FRA:CWAA) (the “Company” or “Chemesis”), announced its financial results for the second quarter of 2020 ended December 31, 2019. Unless otherwise stated, all referenced to currency are in CDN dollars.
Second Quarter 2020 Financial & Operational Highlights