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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 Jul 31, 2021 11:05am
217 Views
Post# 33636958

Broken model, and record.

Broken model, and record.The earning of a couple hundred thousand is welcome.
However, they are way under original projected revenue per gram.  Further, the total profit is a fraction of the projected estimates. 
The constant mantra of expansion is silly.
The business cannot fund leverage at this rate. They do not need to sell more at less.  The cash flow cannot support it.  To hold on to this hope further reinforces that management are business lightweights. 
They need to brand, earn appropriate margins, not promote the stock.
The building has value, sell it to a company that gives us some return,  and let's move on.



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