Lotus Ventures Inc. (CSE:J, FRA:LV9, OTC:LTTSF) (the “Company” or “Lotus”) has completed its third harvest and has completed the processing of crop #1. Initial production volume, yields, lab tests, and plant health are all positive. The company is finalizing its first shipment to its streaming partner Auxly Cannabis Group Inc. After Lotus completes the processing and testing of a number of crops, the Company will provide guidance on production targets and financial expectations.

CFO Appointment
Lotus continues to expand its team strategically and would like to welcome Mr. Gavin Dew as Chief Financial Officer. Mr. Dew brings a wealth of experience in business across Canada, holding an MBA from the University of Oxford, and a BA from the University of British Columbia. Gavin has worked for large firms including the pipeline and gaming industry. He has also worked on numerous start-up firms in the services and tech sectors.

Mr. Dew is highly involved in the Vancouver community, with past and present positions including the board of the Business Council of BC, government appointee to the Board of Kwantlen Polytechnic University, UBC Senate, and the Policy Council of the Greater Vancouver Board of Trade.

Grant of Options
In October, 975,000 incentive options at 20 cents were exercised by directors and qualified consultants. The Company has granted 975,000 stock options to eligible persons at an exercise price of 20 cents per share for 10 years.

On Behalf of the Board:
Lotus Ventures Inc.
“Dale McClanaghan”
Dale McClanaghan, President and CEO

About Lotus Ventures Inc.
Lotus Ventures Inc. (CSE: J) is an Okanagan-based licensed producer focused on growing exceptional cannabis products for the wholesale and recreational market in Canada. Lotus operates an innovative 22,500 square foot indoor facility with unique proven strains and an entirely handcrafted production process created by one of the region’s most experienced growing teams.

Lotus designed its facility with a perpetual production cycle harvesting one of six production rooms every two weeks. The facility was designed to consistently produce high-end cannabis at low production costs, and the Company is focused on being cash flow positive in the year 2020.

Earlier this year, Lotus Ventures launched its initial consumer-focused brand “Lotus Cannabis Co.” targeting discerning consumers. The Company is in the process of obtaining a Processing licence, which when issued, permits the sale of cannabis to provincial distributors and retail supply chains.

For Further Information:
Dale McClanaghan
President & CEO

Daniel McRobert
Investor Relations

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Click here to connect with Lotus Ventures Inc (CSE:J) for an Investor Presentation.



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BevCanna Enterprises (CSE:BEV,OTCQQ:BVNNF,FWB:7BC) CEO Marcello Leone shared how the company is scaling up its products to forge partnerships and explore opportunities across Canada, the US and Western Europe. 

“Getting your standard processing license and being fully compliant at a federal level is critical in Canada, and we were successful in getting that done. Now we’re getting ready to launch our Keef line of beverages within the next 45 days,” Leone said. 

As a young company, Leone said BevCanna has only started, but it took a four-pronged approach to make sure that it is a revenue-generating company prepared for the opening of many jurisdictions for CBD-based products.

“We are blessed that we have a beautiful infrastructure of our own, a state-of-the-art bottling facility with a capacity of almost 200 million bottles per annum and a strong balance sheet of $55 million. We are in a strong position to scale and grow this company.”

BevCanna has received a Standard Processing License from Health Canada and is now fully authorized to begin production at its full-service, high-capacity beverage manufacturing facility. The company will begin production of its white-label products, number one US cannabis beverage brand Keef and its in-house beverages through licensed Canadian retailers, positioning the company to fully capitalize on the burgeoning Canadian cannabis-infused beverage sector.

Watch the full interview with CEO Marcello Leone above.

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