Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

Mota Ventures gets access to Canada's largest live genetic cannabis library via deal with Phenome One

% of readers think this story is Fact. Add your two cents.

Mota Ventures Corp (CSE:MOTA) (OTCMKTS:PEMTF) announced a new agreement Tuesday that gives the firm access to Canada’s largest live genetic cannabis library. 

The Vancouver-based company signed a licensing and royalty agreement with Phenome One Corporation, a private genetic and seed preservation company with over 350 cultivars and access to around 1,700 unique genetics in its seed bank. 

Under the terms of the deal, Mota has the right to propagate, cultivate, harvest and process at least 10 selected cultivars from Phenome’s genetic library and to sell anything it produces from the selections. 

READ: Mota Ventures strikes cannabis research pact with leading Colombian university

The agreement also grants unlimited access to the intellectual property and catalogue of Norstar Nutrients, a wellness company that offers blends of macro and micro-nutrients formulated for essential oils.

Mota may also tap into Phenome’s farming intellectual property, the company said in a statement. Phenome’s unique CBD strains have profiles ranging from 1:1 up to 150:1 CBD.

“We are excited to have finalized a licensing agreement with Phenome, as it gives us access to a significant genetic cannabis library, with some unique CBD strains having profiles of up to 150:1,” Mota’s CEO Joel Shacker said in a statement.

The transaction sees Mota issuing 1 million shares to Phenome once the firm completes seed registration in Colombia. It will also make a monthly royalty payment to Phenome of 5% of gross sales of any product produced from Phenome’s genetics.

Mota will also issue 1 million shares to Phenome if it is acquired by a third party or there is a material breach in the licensing agreement, it said in a statement.

The cannabis company also said it has terminated the previously announced acquisition of Tropical Verde Coast Ltd with no liabilities.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at

Order by Phone at 888-809-8385 or online at

Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.