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Bullboard - Stock Discussion Forum 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... see more

CSE:J - Post Discussion

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Post by Plainview on Nov 08, 2023 11:21am

Lotus

Can lotus survive ?
From the public record : 
1. Auditor resigned. Disclosed in a form but not formally announced. No replacement. 

2. Lawsuit from ex Chair of Board. In response Dale says he intends to settle it. Lawsuit if you dig in and find it is legitimate. 


3. Losses are almost same amount as revenues last release. Debts to CRA are large and unpaid. 

4. Governance has been non- existent and in breach of securities laws and directors duties for years.

If an investor can conclude the above from the public record how long until it gets de-listed? How long until CRA demands? How long until litigation buries them ? How long before rest of board quits ? How long until key people leave ? How much longer does this company have ? 


shareholder value destruction under one person, Dale, has been staggering to witness. I'm ex shareholder got out aroubd double digit range. Sell into any bid if you can.

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