# Mota Ventures signs letter of intent to acquire Stillcanna

Mota Ventures Corp. and Stillcanna Inc. entered into a letter of intent for Mota to acquire all outstanding shares of Stillcanna. Stillcanna is a European-based CBD extract producer with facilities in Poland and Romania.

- Type: Acquisition
- Announced: 2020-02-26
- Status: announced
- Products: CBD extracts, THC-free CBD distillate
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Mota Ventures Corp.](https://endata.com/companies/45551.md) (acquirer)
- [Stillcanna Inc.](https://endata.com/companies/45552.md) (target)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/biotechnology/mota-ventures-signs-letter-of-intent-for-merger-with-stillcanna-578066), 2020-02-26: "Mota Ventures Corp. and Stillcanna Inc. are pleased to announce that they have entered into a letter of intent...pursuant to which Mota proposes to acquire all of the outstanding share capital of Stillcanna."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.