Mota Ventures Corp. (CNSX:MOTA) signed a letter of intent to acquire VIDA BCN LABS SL and Sativida OU from Sativida SL on December 13, 2019. Mota Ventures entered into an agreement to acquire VIDA BCN LABS SL and Sativida OU from Sativida SL for €15 million on January 9, 2020. The consideration will be payable by issuing the common shares of Mota Ventures Corp. worth €2 million and earn out which is dependent upon the financial performance of VIDA BCN LABS SL/Sativida OU is €13 million. Completion of any transaction with Sativida remains subject to negotiation of definitive agreement, completion of customary due diligence and any required regulatory approval. As on March 21, 2020, the transaction is expected to close in next seven days. Loyra Abogados acted as legal adviser for Mota Ventures Corp in the transaction. Mota Ventures Corp. (CNSX:MOTA) completed the acquisition of VIDA BCN LABS SL and Sativida OU from Sativida SL on March 25, 2020.