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Lotus Ventures Inc LTTSF


Primary Symbol: C.J

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 travddon Jul 31, 2020 4:27am
258 Views
Post# 31348057

Revenues up 66% Q/Q

Revenues up 66% Q/QRevenues jump to $1.78 million, gross margin before biological adjustments of +$969k, net income of +$1.23 million, total assets up +$700k q/q while liabilities dropped -$530k q/q... they paid down about 20% of their liabilities this quarter... cash on hand up +$138k q/q and accounts receivables are up to $500k from $320k last q, which means revenues are going to be even stronger next quarter... very, very good fins... you don't see them like that in this sector
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