Lotus Cannabis Finding Success Growing Premium Dried Flower
Quality, consistency and yield are the holy grails of cannabis cultivation.
But, producing quality strains consistently is very difficult. This is because high-quality strains are often high maintenance and require expert cultivators.
The actual plant should be protected from damage because of external natural abrasions to grow a pristine bud. The temperature and humidity have to be optimal and adjusted according to where the strain can thrive. It requires constant monitoring so that it can be watered at the right time and can be trimmed when needed.
Canada’s Lotus Cannabis (CSE:J) (OTC:LTTSF) says it knows this better than anyone.
Auxly Reports Fourth Quarter and Full Year 2020 Financial Results and Provides Outlook for 2021
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Lotus Ventures Inc Presenting at the Benzinga Cannabis Capital Conference
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Lotus Welcomes New Board Member and Announces AGM Results
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Lotus Completes Record Harvests and Reports Profit in Fiscal Year 2020 Results
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Lotus Ventures Inc.
Lotus or the
Company ) the licensed producer that owns Lotus Cannabis, a trusted cannabis brand in Canada is pleased to report approximately $4.6 million in sales and $1.5 million in net income for the twelve-month period ending August 31, 2020.
Fiscal Year 2020 Business Highlights
Lotus completed
31 harvests during Fiscal Year 2020 ( FY 2020 ) and passed all required third-party laboratory tests. The bulk of production was of our unique, high-quality Kalifornia strain that averaged
24.4% THC and with up to
3% in terpene content.
Lotus started recognizing sales in the Second Quarter of FY 2020 and only recognized three quarters of sales in the FY 2020 Financial Statements. Sales have continued to be strong into the First Quarter of Fiscal Year 2021 ( FY 2021 ).