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.
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Canopy Growth s $435M deal for Supreme Cannabis highlights consumer interest in premium segment
As cannabis producers raced to the bottom to help move unsellable pot, the other end of the market remains in high demand.
Canopy Growth Corp. s acquisition of Supreme Cannabis Co. for $435 million on Thursday highlighted how valuable premium cannabis can still be in the Canadian recreational space. Sales in the segment are now booming following a rough-and-tumble period that saw more producers flock to the low-end of the market.
Most [consumer-packaged-goods] companies don t just rely on one brand, we wanted to make sure that we have appropriate scale in each in each price category, said Canopy s Chief Executive Officer David Klein in a phone interview.
Delta 9 Cannabis Inc. (TSX:DN) (OTCQX:VRNDF) is cutting the ribbon on another Manitoba retail location.
The new store is located at 3317 Portage Ave in Winnipeg. It s situated in the vicinity of Walmart Super Center, Canadian Tire, Princess Auto, Winners, Staples, Shoppers Drug Mart, and Sobeys.
The grand opening is scheduled for Friday, Feb. 5.
This is the tenth dispensary the Canadian cannabis company opted to launch nationwide and the seventh in the province.
Delta 9 disclosed its plans to open up to twenty retail locations this year and many more in the years to come. We re pleased to bring Delta 9 and our many brand partners to the residents of Portage Ave West and surrounding areas with a brand-new retail express store concept that is the first of its kind in Winnipeg, Delta 9 CEO John Arbuthnot noted.
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 ).