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File: Attachment Lotus May 6 News Release fv.pdf

Suite 1010   1030 West Georgia Street, Vancouver, British Columbia V6E 2Y3

Canadian Securities Exchange: Symbol J

Vancouver, British Columbia   May 6, 2020



Lotus Ventures Reports Profitable First Half Financial Results
Lotus Ventures Inc. (CSE: J) (FRA: LV9) (OTC: LTTSF) ("Lotus" or the "Company") the
publicly traded licensed producer that owns Lotus Cannabis Co, a premium BC cannabis brand in
Canada is pleased to report over $1 million in sales during the period ending February 29, 2020.

First Half Financial Results

Income Statement
   dot Revenue increased to $1,071,252 (from nil in the same period the previous year)
   dot Cost to produce per gram: $1.16
   dot Gross margin (before fair value changes): $741,904
   dot Six-month net income: $503,666 (see comments below)

Balance Sheet
   dot Accounts receivable: $318,552
   dot Biological assets: $458,601
   dot Inventory: $1,309,245
   dot Total assets: $16,541,664

First Half Operating Results
    dot Harvests are averaging 60,000 to 70,000 grams of cannabis every two weeks
    dot Average THC% remains above 20% with recent batches testing up to 26%
    dot Established wholesale relationships with three licensed producers

The ramp-up of the Company's selling cycle is progressing well and receivable payments for its
product and the pace of sales is solid. Sales to date in Q3 are strong and will be detailed in the
subsequent quarterly financial statements. "The Company incurred net income of $503,666 for the
6 months ending February 29, 2020 as we have ramped up to full production, sales and accounts
receivable. The fair value accounting treatment required under the complex IFRS protocol doesn't
put a spotlight on our core result: Lotus is reliably producing high yields of a premium product at
a low cost of goods sold of $1.16 per gram." said Dale McClanaghan, President and CEO of Lotus.

Investor Material
The Company has a new Investor Presentation and Fact Sheet for Q3, 2020 which is now available
at lotuscannabis.ca/investors, or can be downloaded directly at the links below.

Investor Presentation: https://lotuscannabis.ca/-/media/Lotus_Invest_Presentation_Q3_2020.pdf

Fact Sheet: https://lotuscannabis.ca/-/media/LotusFactSheetQ3_2020.pdf
 The Company's Interim Financial Statements and accompanying Management Discussion and
Analysis for the period can be found on its SEDAR profile at www.sedar.com.

ON BEHALF OF THE BOARD:
Lotus Ventures Inc.
"Dale McClanaghan"
Dale McClanaghan, President and CEO

About Lotus Ventures Inc.
Lotus Ventures Inc. is the publicly traded licensed producer that owns Lotus Cannabis Co, a
premium cannabis brand in Canada. The Company is a craft grower at scale focused on cultivating
cannabis that resonates with consumers. Lotus operates an innovative purpose-built facility with
unique proven strains, and an entirely handcrafted production process created by one of the region's
most experienced growing teams.

For Further Information:
Dale McClanaghan
President & CEO
dalemcclanaghan@gmail.com
604-644-9844

Investor Relations & Media Contact
Daniel McRobert
investors@lotuscannabis.ca
604-842-4625

To learn more, visit https://lotuscannabis.ca/ or follow us on Twitter: @lotuscannabisco Facebook:
@lotuscanna Instagram: @lotuscannabisco LinkedIn: @lotuscannabisco

Forward Looking Information:
The information contained within this news release has been prepared by Lotus Ventures Inc. This
document includes certain statements that are not descriptions of historical facts but are forward-
looking statements. Such statements include, among others, those concerning our expected
financial performance and strategic and operational plans, our future operating results, our
expectations regarding the market for medical and recreational cannabis products, our expectations
regarding the continued growth of the medical and recreational cannabis market, as well as all
assumptions, expectations, predictions, intentions or beliefs about future events. Users are
cautioned that any such forward-looking statements are not guarantees of future performance and
that a number of risks and uncertainties could cause our actual results to differ materially from
those anticipated, expressed or implied in the forward-looking statements. These risks and
uncertainties have not been documented or mentioned in this document nor other communications
made by the company. The words "believe," "expect," "anticipate," "project," "targets,"
"optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking
statements. All statements other than statements of historical fact are statements that could be
deemed forward-looking statements. The Company assumes no obligation and does not intend to
update any forward-looking statements, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this release.
 

Word Document

File: '\\doc\emailin\20200506 050345 Attachment Lotus May 6 News Release fv.docx'






WSLEGAL\078222\00002\18269521v1





Suite 1010 - 1030 West Georgia Street, Vancouver, British Columbia V6E 2Y3 

Canadian Securities Exchange:  Symbol J
 
Vancouver, British Columbia - May 6, 2020


Lotus Ventures Reports Profitable First Half Financial Results

Lotus Ventures Inc. (CSE: J) (FRA: LV9) (OTC: LTTSF) ("Lotus" or the "Company") the publicly traded licensed producer 
--->that owns Lotus Cannabis Co, a premium BC cannabis brand in Canada is pleased to report over $1 million in sales durin
--->g the period ending February 29, 2020.  

First Half Financial Results

Income Statement 
Revenue increased to $1,071,252 (from nil in the same period the previous year)
Cost to produce per gram: $1.16 
Gross margin (before fair value changes): $741,904 
Six-month net income: $503,666 (see comments below)

Balance Sheet
Accounts receivable: $318,552
Biological assets: $458,601
Inventory: $1,309,245
Total assets: $16,541,664

First Half Operating Results
Harvests are averaging 60,000 to 70,000 grams of cannabis every two weeks
Average THC% remains above 20% with recent batches testing up to 26%
Established wholesale relationships with three licensed producers 

The ramp-up of the Company's selling cycle is progressing well and receivable payments for its product and the pace of
---> sales is solid. Sales to date in Q3 are strong and will be detailed in the subsequent quarterly financial statements.
---> "The Company incurred net income of $503,666 for the 6 months ending February 29, 2020 as we have ramped up to full p
--->roduction, sales and accounts receivable. The fair value accounting treatment required under the complex IFRS protocol
---> doesn't put a spotlight on our core result: Lotus is reliably producing high yields of a premium product at a low cos
--->t of goods sold of $1.16 per gram." said Dale McClanaghan, President and CEO of Lotus. 

Investor Material
The Company has a new Investor Presentation and Fact Sheet for Q3, 2020 which is now available at lotuscannabis.ca/inv
--->estors, or can be downloaded directly at the links below.

Investor Presentation: https://lotuscannabis.ca/-/media/Lotus_Invest_Presentation_Q3_2020.pdf

Fact Sheet: https://lotuscannabis.ca/-/media/LotusFactSheetQ3_2020.pdf
The Company's Interim Financial Statements and accompanying Management Discussion and Analysis for the period can be f
--->ound on its SEDAR profile at www.sedar.com.

ON BEHALF OF THE BOARD:
Lotus Ventures Inc.
"Dale McClanaghan"
Dale McClanaghan, President and CEO

About Lotus Ventures Inc. 
Lotus Ventures Inc. is the publicly traded licensed producer that owns Lotus Cannabis Co, a premium cannabis brand in 
--->Canada. The Company is a craft grower at scale focused on cultivating cannabis that resonates with consumers. Lotus op
--->erates an innovative purpose-built facility with unique proven strains, and an entirely handcrafted production process
---> created by one of the region's most experienced growing teams.  

For Further Information: 
Dale McClanaghan 
President & CEO 
dalemcclanaghan@gmail.com 
604-644-9844  

Investor Relations & Media Contact
Daniel McRobert 
investors@lotuscannabis.ca 
604-842-4625

To learn more, visit https://lotuscannabis.ca/ or follow us on Twitter: @lotuscannabisco Facebook: @lotuscanna Instagr
--->am: @lotuscannabisco LinkedIn: @lotuscannabisco

Forward Looking Information:
The information contained within this news release has been prepared by Lotus Ventures Inc. This document includes cer
--->tain statements that are not descriptions of historical facts but are forward-looking statements. Such statements incl
--->ude, among others, those concerning our expected financial performance and strategic and operational plans, our future
---> operating results, our expectations regarding the market for medical and recreational cannabis products, our expectat
--->ions regarding the continued growth of the medical and recreational cannabis market, as well as all assumptions, expec
--->tations, predictions, intentions or beliefs about future events. Users are cautioned that any such forward-looking sta
--->tements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual r
--->esults to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risk
--->s and uncertainties have not been documented or mentioned in this document nor other communications made by the compan
--->y. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar
---> expressions are intended to identify forward-looking statements. All statements other than statements of historical f
--->act are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not int
--->end to update any forward-looking statements, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.