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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 Aug 02, 2022 11:49pm
279 Views
Post# 34867302

Worse than expected.

Worse than expected. Kaboom shareholders.
No cash, 850 k in debt, here is a bad sign, no more directors loans this q.. Over 500 k in Gst payable.  That's a Fed bill folks, not going away. 350k in acts payable. 
Burning cash, meanwhile.  Dale, is growing stuff that apparently is not selling. Years of inventory.  Years.
Dale, this is appalling. 
His solution,  I guess is hope.
Feeling the hope folks?
Sell as you can. The bids are bogus, just desperate hope bids. Might as well take advantage.  NEXT STOP Zero. 
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