Lotus Ventures Inc. (C:J)
Business Focus: Alternative Medicine
| Sector: Healthcare | Industry: Pharmaceuticals |
| Company Contact | |
| Address: | Suite 1010, 1030 West Georgia Street VANCOUVER BC V6E 2Y3 |
| Tel: | N/A |
| Website: | https://lotuscannabis.ca |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 August 2023, Lotus Ventures Inc revenues increased 18% to C$2M. Net loss decreased 61% to C$1.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment of inventory decrease from C$1.4M (expense) to C$0K, FV Adjustments on Biological Assets decrease of 62% to C$726K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.29M as of Aug 31, 2023 |
| Annual revenue (TTM): | $2.00M as of Aug 31, 2023 |
| EBITDA (TTM): | -$0.10M as of Aug 31, 2023 |
| Net annual income (TTM): | -$1.87M as of Aug 31, 2023 |
| Free cash flow (TTM): | -$1.19M as of Aug 31, 2023 |
| Net Debt Last Fiscal Year: | $2.39M as of Aug 31, 2023 |
| Shares outstanding: | 89,969,799 as of Aug 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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