Mota Ventures Corp. (MOTA:CSE) (1WZ:FSE) (PEMTF:OTC) (the 'Company') is pleased to announce the appointment of Prof. Dr. Markus Backmund MD, PhD, as Principal Investigator and Director of Clinical Research for its wholly owned subsidiary, Verrian GmbH ('Verrian'). Prof. Dr. Backmund serves as Chair of the German Society of Addiction Medicine and is regarded as a pioneer in addiction medicine.
On June 2nd, Mota announced the $20,000,000 acquisition of Verrian, a European pharmaceutical manufacturer of natural psilocybin extracts. Verrian is focused on psychedelic and cannabis treatments of opiate addiction. Prof. Dr. Markus Backmund will play a vital role in leading the research and development efforts of our world-renowned addiction medicine experts, resulting in best of breed psychedelic derived treatments for the global marketplace. Ryan Hoggan, Chief Executive Officer, stated 'We're honoured to be working with a pioneer in addiction medicine, an authentic patient-first specialist like Dr. Backmund, who has worked his entire career to change how patients who suffer from addiction are treated. We are thrilled to be working with him in ground-breaking psychedelic and cannabis research as he continues to seek new treatments to help patients overcome addiction'.
ABOUT PROF. DR. BACKMUND
Prof. Dr. Backmund is a Medical Doctor and specialist in infectious disease, internal medicine, emergency medicine, and addiction. Prof. Dr. Backmund holds professorship at Ludwig Maximilians University in Munich, is the Founder and co-Editor of 'Suchtmedizin' - the specialist Addiction Medicine Journal - and is the fifth-time Chairman of the Board of the German Society for Addiction Medicine (DGS eV). In February of 2020, Prof. Dr. Backmund became the President of the umbrella organization of the German Addiction Society. Prof. Dr. Backmund also founded and operates the private clinic Praxiszentrum im Tal, an in-patient recovery center in Starnberg, Germany, located south of Munich.
About Mota Ventures Corp.
Mota Ventures is an established eCommerce, direct to consumer provider of a wide range of natural health products including CBD and psychedelic medicine products in the United States and Europe. In the United States, the company sells a CBD hemp-oil formulation derived from hemp grown and formulated in the US through its Nature's Exclusive brand. Within Europe, its Sativida brand of award winning 100% organic CBD oils and cosmetics are sold throughout Spain, Portugal, Austria, Germany, France, and the United Kingdom. In Germany, Verrian currently produces natural psilocybin extract capsules under the PSI GEN and PSI GEN+ brand. Mota Ventures is also seeking to acquire additional revenue producing CBD brands and operations in both Europe and North America, with the goal of establishing an international distribution network for CBD products. Low cost production, coupled with international, direct to customer, sales channels will provide the foundation for the success of Mota Ventures.
Contact:
Tel: +604.423.4733
Cautionary Note Regarding Forward-Looking Statement
All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to the Company within the meaning of applicable securities laws, including with respect to research and development of psychedelic derived treatment, its plans to become a vertically integrated global CBD brand, and its plans to acquire revenue-producing CBD brands and operations in Europe and North America. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
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