Mota Ventures Corp. (CNSX:MOTA) announced a private placement of up to 1,785,714 units to be issued at a price of CAD 0.28 each, for gross proceeds of up to CAD 500,000 on July 22, 2020. Each unit will consist of one common share of the company and one common share purchase warrant, exercisable for a period of 24 months at the price of CAD 0.38 each.

The transaction includes participation from new investor Franchise Cannabis Corp. All securities to be issued in the transaction are subject to a hold period of four months and one day.