Lotus Ventures Inc. (C:J*CA)

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
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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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