- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Lotus Ventures
Becoming a Low-Cost, High-Quality Cannabis Producer in British Columbia
Overview
Lotus Ventures Inc (CSE:J, FRA:LV9, OTC:LTTSF) is a Canadian licensed producer pursuant to Health Canada’s Cannabis Act and Cannabis Regulations. The company is focused on producing low-cost, premium-quality cannabis at its 22,500-square-foot state-of-the-art indoor cultivation facility near Armstrong, British Columbia. To date, Lotus has been granted its Standard Cultivation license as well as its Sale for Medical Purposes license.
In addition to obtaining the appropriate licenses for the company’s initial cultivation facility (Phase 1A), Lotus has also submitted the designs for an additional facility to the local municipality. The subsequent facility is expected to use an automated hydroponic growing method, adding significant production capacity per year. Lotus owns a 23-acre property and intends to continue the buildout of future production facilities.
Lotus Ventures Inc. Company Highlights
- Lotus received a $5M investment from Auxly Cannabis Group Inc. to help fund its initial facility.
- The Company is debt-free.
- Initial facility of 22,500 square feet is complete and is expected to produce 2,000 kilograms per annum.
- Licensed Producer holding a Standard Cultivation license and Sale for Medical Purposes license – obtained in March 2019.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.