Mr. Dale McClanaghan reports

LOTUS SHARES UPDATE ON KEYLIME KUSH SALES IN BRITISH COLUMBIA

Lotus Ventures Inc. has released an update on its initial sales results from the release of its Keylime Kush flower and prerolls in British Columbia.

Lotus Cannabis Co.'s launch of its Keylime Kush cultivar is off to a strong start. Lotus announced the initial order for the Keylime flower in late January and prerolls on Feb. 10, 2023. The company has received a positive response from both retailers and consumers which The company is pleased to share more about below.

British Columbia sales update:

• The Lotus Keylime Kush flower and prerolls are currently sold in over 125 retail stores in British Columbia and both quickly sold out of the first rounds of available cases for B.C. retailers. The BCLDB made a second order of both the Keylime Kush flower and prerolls with strong sell-through continuing.
• The BCLDB's initial order of the Lotus Keylime Kush prerolls was three times the expected initial order size. The prerolls sold out of the first three rounds of available cases for retailers in British Columbia, with a fourth order already committed by the BCLDB.
• Lotus received approval for a 14-gram Keylime Kush flower SKU (stock-keeping unit) in British Columbia and the offering is expected to be introduced to the market over the next quarter. The 14-gram flower offering will be sold in addition to the 3.5-gram flower and three times 0.5-gram preroll SKUs currently selling in B.C.
• As mentioned above, the Lotus Keylime Kush is currently sold in over 125 retail stores in British Columbia distributed throughout the Okanagan, Kootenays, Metro Vancouver, Vancouver Island and Northern B.C. Some of the company's early B.C. retail supporters of the Keylime Kush include:
  • Spiritleaf (Vernon, Kelowna, Penticton and Maple Ridge);
  • Blended Buds, Bluewater Cannabis, Cannabis Cottage, Cheeba Cheebas, Clarity Cannabis, Flora, Kalamalka Cannabis and Vernon Cannabis Store (Okanagan);
  • Burb (Vancouver, Victoria, Port Coquitlam, Port Moody and Maple Ridge);
  • Arcannabis, Canna Cabana, City Cannabis Co., Muse Cannabis, THC Canada, This is Cannabis and Village Bloomery (Vancouver);
  • Kaya Connection, Pacificanna and Daylight Cannabis (Vancouver Island).

The company also appreciates all the other early supporters.

The Keylime Kush

Lotus has now harvested six crops of the Keylime Kush flower which is expected to test between 24 per cent and 30 per cent in THC (tetrahydrocannabinol) with the highest value recorded so far at 32.5 per cent. The Keylime Kush flower terpene profile is expected to test between 2.5 per cent and 3.1 per cent; it features farnesene, limonene, caryophyllene and linalool, which provides flavours and aromas of lime kush, green apple and notes of gas. The Keylime Kush prerolls are also expected to test between 24 per cent and 30 per cent THC, and between 2 per cent and 3 per cent in terpene content, with the highest values recorded so far at 37 per cent THC and 1.9 per cent in terpene content.

Ontario Keylime Kush product launch

The company is pleased to share that its Keylime Kush was approved by the Ontario Cannabis Store for the 2023 spring product call. Lotus will be debuting its branded flower in Ontario and the first shipments are expected to be made in April.

About Lotus Ventures Inc.

Lotus Ventures is an experienced licensed cannabis producer in the North Okanagan, B.C., and has quietly been a grower for some of Canada's top premium cannabis brands. Lotus owns its own premium-craft consumer brand Lotus Cannabis Co.; it sells its Keylime Kush flower and prerolls in British Columbia. Lotus has had its cannabis flower sold by wholesale partners in all provinces to date; it currently has flower in British Columbia, Alberta and Ontario. The Lotus team has launched popular and exclusive cultivars like the Keylime Kush, Black Blossom, Tranquil Elephantizer and Kalifornia.

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