Most profitable weed stock in Canada you haven't heard ofBig things come in little packages. Lotus is a craft grower with plans to expand to 350% of current production in the next couple years. Financing details are being worked out. This craft grow operation is hot and demand has never been higher. Their commercial supply doesn't stay on the shelves and production is at peak capacity.
How many weed growers at a $15 million market cap with no debt could produce $1.2 million net income last quarter? On a much larger or much smaller scale, no other growers can touch these guys. If you are to own one name in the weed sector, it should be lotus.
Half of current production is sold to their partner, Auxly, who fully financed the build in exchange for several years of supply at aroound $2 per gram. Margins increase substantially with scale following the expansion. These guys have never lost stock due to quality issues, and boast the highest THC, and terpene content in the industry.
Anyone that took profit today sold way too early. This stock is very possible 10 bagger candiate in 2 to 2.5 years.