Monumental Demand

CBD Market on Course to Grow 400% in Europe Alone - Seite 2

In connection with the appointment, Joel Shacker will transition to the role of President of the Company, and will remain a member of the board of directors. The Company made a commitment to select a new CEO to continue rapid growth in a sector that is in its infancy. "I am very excited to take on the CEO role at Mota and focus the operations on becoming a global e-commerce CBD company. I am also excited about the partnership between Unified and Sativida. Unified's extensive experience in the US and strong logistics and supply chain will provide significant support for the launch of the Sativida line. I believe through the direct to consumer online platforms we will become a leader in the CBD space. We plan to aggressively expand First Class's existing operations in the US as well as launch a European expansion, which we anticipate will yield similar results to our US operations last year," stated Ryan Hoggan, CEO of the Company. "We are extremely happy to have someone with Ryan's extensive experience stepping into this role. I am confident in his ability to execute on expanding operations and generating further revenue. I look forward to working with Ryan during this transition and continuing to build the Company." stated Joel Shacker, President of the Company.

The Company also announces that it has engaged AGORA Internet Relations Corp. for an initial twelve month term, to provide online advertising and marketing services to the Company. In consideration for the provision of services, AGORA is entitled to a fee of $60,000, to be paid in five equal tranches over the term. AGORA has agreed to accept the fee in common shares of the Company, to be determined based on the market price of the shares at the time of issuance. All common shares of the Company issued to AGORA will be subject to a four-month-and-one-day statutory hold period in accordance with the policies of the Canadian Securities Exchange.

In other developments in the markets today:

Charlotte's Web Holdings Inc. (OTCQX:CWBHF)(CSE:CWEB) announce that its edible pet supplements have been approved to carry seals of approval from two of the most trusted organizations in their respective industries, the National Animal Supplement Council (NASC), a non-profit group dedicated to protecting and enhancing the health of companion animals throughout the country and the U.S. Hemp Authority, an organization created for the purpose of helping create standardization and quality across the hemp industry. As the only full-spectrum hemp derived CBD brand to comply with both the NASC Quality Seal program and the U.S. Hemp Authority Certification Program, Charlotte's Web is further validating to pet owners why it is known as The World's Most Trusted Hemp Extract. The Company has been expanding its presence in the fast-growing pet CBD market, with its 12 SKU pet line experiencing 57% year-over-year revenue growth in Q3 2019. Charlotte's Web pet products will also now feature labels confirming Non-GMO, Grain Free and USA Grown Hemp as part of the Company's commitment to corporate responsibility, health and wellness, and sustainable farming practices. As part of these efforts, Charlotte's Web has been transitioning its hemp farming from conventional to organic agriculture practices, with more than 50% of its fields now certified organic. The Company is pursuing broad organic certification for its various product lines.