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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 Plainviewon Feb 01, 2022 9:32pm
206 Views
Post# 34387716

Lotus Ventures.

Lotus Ventures. The most recent financial disclosures are quite telling : 1) the streaming partner is no longer taking product from them. 2) this means in the past as much as 75% to 100% was sold to 1 buyer who now has stopped 3) revenues fell off a cliff and inventory ballooned. 4) no cash left 5) in the past the insiders passed the hat and loaned company funds but this trick of selling stock high and buying back in low has turned into lending at high rates 6) foreseeable risks have come home to bite hard 7) talks of adding term debt and expansion is reckless - no lender who sees this report will lend. 8) finding buyers for inventory guarantee a write- off , disguised for now 9) this is a dead duck. WHERE WAS THE BOARD. WHERE IS THE BOARD ? 
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