leadf
logo-loader
viewThoughtful Brands Inc.

Mota Ventures signs agreement with Sweet Earth Holdings to sell CBD pet treats in the US

Mota Ventures will sell Sweet Earth’s pet products under its direct consumer brand, Nature’s Exclusive, in the US

Mota Ventures -
The US CBD pet market is expected to increase to approximately US$1.8 billion in 2023

Mota Ventures Corp (CSE:MOTA) (OTCPINK:PEMTF) revealed a new agreement with Orgeon-based Sweet Earth Holdings Corp (CSE:SE) to sell CBD dog treats.

Under the letter of intent, Mota Ventures will sell Sweet Earth’s pet products under its direct consumer brand, Nature’s Exclusive, in the US.

Mota said it has initially chosen the Beef and Cheddar Potato CBD dog treats, a popular Sweet Earth product, with packaging to be customized to Nature’s Exclusive branding.

READ: Mota Ventures taps Dr Markus Backmund as director of clinical research for psychedelic medicine subsidiary Verrian GmbH

The agreement comes at a time when the CBD pet market is seeing rapid growth in the US. According to data provided by Brightfield Group, the US CBD pet market is expected to increase from less than US$100 million in 2018 to approximately US$1.8 billion in 2023. The segment is the largest growth component within the overall US$6.7 billion American pet treat industry.

Sweet Earth president Amrik Virk called the agreement a “great opportunity” for the company to team up with Vancouver-based Mota Ventures, which has seen year-over-year growth of over 110% and C$5.1 million in sales during the month of May, according to a Sweet Earth release.

The final terms of the collaboration are still pending and subject to definitive documentation.

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.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Thoughtful Brands Inc.

Price: 0.07 CAD

CSE:TBI
Market: CSE
Market Cap: $14.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Thoughtful Brands Inc. named herein, including the promotion by the Company of Thoughtful Brands Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: Mota Ventures sees strong sales increase amid COVID-19 Crisis

Mota Ventures (CSE: MOTA-OTCMKTS: PEMTF) CEO Ryan Hoggan joined Steve Darling from Proactive Vancouver to discuss how the company is doing during the Corona Virus crisis and how it has affected sales. Hoggan also told Proactive about a new product line the company has started and how excited...

on 04/01/2020

2 min read