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Lotus Ventures Inc C.J

Alternate Symbol(s):  LTTSF

Lotus Ventures Inc. is a Canada-based licensed cannabis producer and owner of the Lotus Cannabis Co. brand. The Company primarily cultivates cannabis flowers, which are sold in the wholesale, recreational, and medical markets across Canada. The Company owns and operates a 22,500 square foot indoor cannabis production facility in Armstrong, British Columbia and holds the licenses for cultivation and sale of cannabis in Canada. It has grown several cultivars, including the Keylime Kush, Black Blossom, Tranquil Elephantizer, and Kalifornia. Its Keylime Kush recreational portfolio includes 3.5 gram flower, 14 gram flower, and 3 x 0.5 gram pre-rolls. The Company sells its flagship product, the Keylime Kush, to over 300 retail stores across British Columbia and Ontario.


CSE:J - Post by User

Bullboard Posts
Comment by travddon Jan 02, 2020 2:13pm
127 Views
Post# 30511948

RE:RE:RE:RE:Year End Financials Coming

RE:RE:RE:RE:Year End Financials ComingThey don't have a royalty to pay to Auxly... Auxly gets to buy discounted bulk Cannabis from Lotus, which Lotus still makes a profit from... as for overhead, it was $3.3 million in fiscal 2019... I expect that to go up to around $5 million this year with the added growing costs, but I still expect a profit of around $1 million per quarter... the financials coming out at the end of January will give everyone a better idea of the actual production quantities, costs, and selling prices
Bullboard Posts