LOTUS VENTURES INC - LTTSF STOCK NEWS

Lotus Ventures Inc. (CSE: J) has provided an update on its previously announced transaction. The company obtained a partial revocation order from the British Columbia Securities Commission on July 29, 2024, allowing for the completion of the transaction despite an ongoing cease trade order. Lotus also secured a reverse-vesting order from the Supreme Court of British Columbia on June 14, 2024.

The transaction, which includes a proposal to creditors and a subscription agreement with 5008679 Ontario , is expected to close in July or August 2024. However, it remains subject to closing conditions. Further information about the proposal and agreement can be accessed through the website hosted by MNP , the proposal trustee for Lotus.

Lotus Ventures Inc. (CSE: J) (OTC Pink: LTTSF) announces the launch of its new collaborative strain 'Joker Juice' in BC and its approval for the OCS Flow Through program in Ontario. The company also expresses gratitude for the support received and provides an update on the debt reduction efforts.

Lotus Ventures Inc., a licensed cannabis producer, reported a 46% increase in sales quarter over quarter and an 18% increase in sales year over year. The company's revenue for the twelve months ended August 31, 2023, was $1,998,244 with a net loss of $1,872,566. Lotus launched its own branded Keylime Kush, which quickly became popular in over 300 retail stores in British Columbia and Ontario. The company achieved several sales and marketing milestones throughout the fiscal year.

Lotus Ventures Inc. Receives Notice of Claim and Plans to Negotiate Settlement

Lotus Ventures Inc. announces financial and operating results for the nine-month period ended May 31, 2023, including sales and marketing milestones and Q3 operating overview.

Lotus Ventures Inc. (CSE:J) (OTC PINK:LTTSF) announces the launch of its premium-craft cannabis product, Keylime Kush, for Ontario retailers via the province's Flow Through program. This hybrid strain, with a THC content of 34.3% and 2.6% terpene content, combines Key Lime Mints and Kush Mints #11. The strain is characterized by its unique flavor profile, featuring notes of lime kush, green apple, cookies, and gas. Retailers can place orders through the Ontario Cannabis Store Wholesale portal. This launch marks a significant milestone for Lotus, further expanding its presence in Ontario, Canada's largest legal cannabis market, following the successful introduction of other cultivars like Kalifornia and Tranquil Elephantizer. For more details, visit their official website or associated channels.

Lotus Ventures Inc. (OTC PINK:LTTSF) announced that its Tranquil Elephantizer flower was used in a historic export sale to Jamaica. This shipment, completed by Pistol and Paris on February 13, involved 20 kilograms of BC-grown cannabis, marking a significant milestone as the cultivar is not currently available in Jamaica. Pistol and Paris also sells other products like Black Blossom and Lemon Tini, cultivated by Lotus, across retail locations in British Columbia and Alberta. Lotus Ventures continues to expand its market presence, having sold its cannabis in multiple provinces, including Ontario.

Lotus Ventures Inc. (OTC:LTTSF) has reported promising initial sales of its Keylime Kush flower and pre-rolls in British Columbia. Since the launch, the product is now available in over 125 retail stores, quickly selling out of initial stock and prompting multiple reorders from the BCLDB. The pre-rolls' initial order was three times higher than expected, and a 14-gram flower SKU is set to launch soon. Keylime Kush has shown impressive THC content, reaching up to 32.5%. Additionally, the product is set to debut in Ontario with shipments anticipated in April 2023.