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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

Post by undervalueon Feb 02, 2021 5:14pm
130 Views
Post# 32452957

Where is the sale license so often mentioned?

Where is the sale license so often mentioned?

"During the three months ended November 30, 2020 the wholesale selling price was between $2.00 and $3.75 per gram, and harvest yield was between 60 and 140 grams per plant."

So the average price is $2.87 a gram, hardly strong margins. Hey, an idea Dale and co. Get more per gram. How hard is it to file forms? 

From the year end md and a.

The Company plans to submit its application for a sales license amendment in 2021 to permit the sale
of its own branded product. As the Company is planning to scale operations, selling through bulk
wholesale reduces short-term sales risk and provides the Company with consistent cash flow when
securing expansion financing. The Company has strong margins as a wholesaler and doesn’t believe a
sales license amendment to be a critical component of its near-term growth strategy. 





 
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