Monumental Demand

CBD Market on Course to Grow 400% in Europe Alone

Financialnewsmedia.com News Commentary

PALM BEACH, Florida, Feb. 24, 2020 /PRNewswire/ -- Over the next five years, the global CBD market is expected to accelerate to $23.6 billion, according to Grand View Research. All thanks to the growing adoption of CBD-infused products in industries such as pharmaceuticals, personal care, cosmetics, nutraceuticals, along medical applications. In Europe alone, the market is on course to grow 400% over the next four years, according to the Brightfield Group. Plus, CBD is seeing monumental demand in Europe. According to New Frontier Data's EU CBD Consumer Report: 2019 Overview, 46% of Europeans view CBD favorably. Up to 77% of surveyed respondents also believe CBD should be accessible in some way. All of that is creating sizable opportunity for companies such as Mota Ventures Inc. (CSE:MOTA) (OTCPK:PEMTF), Charlotte's Web Holdings Inc. (OTCQX:CWBHF) (CSE:CWEB), Aurora Cannabis Inc. (NYSE:ACB), Canopy Growth Corporation (NYSE:CGC)(TSX:WEED), and GW Pharmaceuticals (NASDAQ:GWPH).

Mota Ventures Inc. (CSE:MOTA)(OTCPK:PEMTF) BREAKING NEWS: Mota Ventures Inc. just announced a transition after the definitive close of First Class CBD acquisition, the Company's Board of Directors has appointed Ryan Dean Hoggan to Chief Executive Officer. The acquisition of leading brand First Class CBD coupled with the upcoming roll out of Sativida in the US, made this transition of Mr. Hoggan to Chief Executive Officer a natural fit. Ryan brings a wealth of expertise to this role, being one of the founders of Unified Funding LLC and First Class CBD. Ryan is an experienced strategist, with an strong understanding of building high value consumer brands with significant annual revenue. Ryan's extensive background in the online e-commerce space will continue to drive the Company's rapid growth in the US and spearhead its expansion into the European market. The Company intends to continue its roll up strategy of acquiring profitable, well-known CBD brands globally. 

Mr. Hoggan brings more than 18 years of leadership, global business development and entrepreneurship experience in the health equipment, medical devices, and natural health products sectors. Early in his career, he was thrust into a leadership position in the family business, HOGGAN Health Industries, where he led operations, business development, and marketing efforts. After identifying an untapped niche in the market, he founded Hoggan Medical where he went on to launch over 100 health, fitness, and medical device products as well as negotiated contracts with big and small customers including the Mayo Clinic, Boeing, Daimler AG and the Los Angeles Lakers (NBA). In 2014, he fell for CBD and essential oils -- both personally and professionally -- after a personal health scare prompted him to research and subsequently try holistic products to improve his health. The experience ultimately led him to become a Partner and President of Offer Space, LLC and Real Oil, LLC, two rapidly growing e-Commerce and technology companies focused on serving U.S. based and international consumers in the CBD and natural health products market. In June 2019, Mr. Hoggan led a strategic divestiture of the businesses to Unified Funding, LLC to help continue an impressive growth trend. Through the operations of Unified Funding, LLC, the business has generated a database of over 4.5 million customer records and facilitated over $200m in consumer transactions from more than one million paying customers in sectors such as beauty, nutrition and subsequently CBD. Mr. Hoggan holds a BBA from Westminster College, an MBA from The University of Arizona and a Master of Global Management (MGM) from the Thunderbird School of Global Management.