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Lotus Closes Final Tranche of $2 Million Private Placement

October 15, 2018

Lotus Ventures Inc. has closed the second and final tranche of its non-brokered private placement financing by issuance of 780,000 units at a price of 25 cents per unit for gross proceeds of $195,000. Each unit consists of one common share and one transferrable share purchase warrant, each warrant e…

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Lotus Ventures: Grant of Options

October 4, 2018

Lotus Ventures Inc. has granted 1.1 million stock options to eligible persons. The options can be exercised at 30 cents per share for 10 years.About Lotus Ventures Inc.Lotus is a late-stage licensed producer applicant under the Access to Cannabis for Medical Purposes Regulations (ACMPR) rules and re…

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Lotus Closes First Tranche of $2 Million Private Placement

October 1, 2018

Lotus Ventures Inc. has closed the first tranche of its non-brokered private placement financing by issuance of 7.68 million units at a price of 25 cents per unit for gross proceeds of $1.92-million. Each unit consists of one common share and one transferable share purchase warrant, each warrant exe…

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Lotus Announces Private Placement

September 12, 2018

The Offering will consist of up to 8,000,000 units (“Units”) at a purchase price of $0.25 per Unit, for aggregate gross proceeds of up to $2,000,000. Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one common share purchase warrant (“Warrant”…

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Auxly and Lotus Ventures Announce Investment and Signing of Definitive Long Term Purchase and Sale Agreement

September 11, 2018

Vancouver, British Columbia, September 11, 2018 – Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”) and Lotus Ventures Inc. (CSE – J)(“Lotus”) are pleased to announce the closing of an additional investment by Auxly to partially fund th…

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Lotus Facility Construction & Commissioning Update

July 27, 2018

ARMSTRONG FACILITY Construction of Lotus’ initial production facility, at our recently purchased 23-acre location in Armstrong, BC is scheduled to complete in early September 2018. The building is 22,500 square feet with an annual production capacity 2,000KG per year of top-shelf cannabis. In S…

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Lotus Purchases 23-Acre Cannabis Facility Site in Armstrong BC

June 12, 2018

Lotus Ventures Inc. has exercised the option to purchase its 23-acre property located in Armstrong, BC for $1.1 million on June 8, 2018. The deal was finalized by exercising the purchase option under our lease agreement dated November 7, 2015. Lotus is nearing completion of the initial facility …

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Lotus Ventures: Appointment of David Hyde as Adviser to the Company

May 16, 2018

The Company has appointed David Hyde of David Hyde & Associates as an adviser to the company. In addition, David will continue in his role as consultant on the company’s late stage license application before Health Canada. We are delighted to have David remain involved in our exciting future, as h…

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Lotus Ventures Gets Confirmation of Readiness From Health Canada

April 23, 2018

Health Canada License Update Lotus Ventures Inc. (“Lotus” or the “Company”) has achieved a major milestone with the receipt from Health Canada of the Confirmation of Readiness for a License Under the Access to Cannabis Regulations (ACMPR). This represents acceptance of our detailed applic…

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Lotus Ventures: Grant of Options

March 20, 2018

The Company has granted 1,490,000 stock options to eligible persons. The options can be exercised at $0.50 per share for ten years.ON BEHALF OF THE BOARDLotus Ventures Inc.“Dale McClanaghan”Dale McClanaghan, President and CEOAbout Lotus Ventures, Inc.Lotus is a late stage licensed produc…

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