Mr. Dale McClanaghan reports

LOTUS LAUNCHES JOKER JUICE CANNABIS STRAIN IN BC AND REDUCES DEBT WITH SHARES

Lotus Ventures Inc. has launched its next collaborative strain launch, the Joker Juice, now available in British Columbia. With its pungent blend of terpenes and enjoyable potency, the Joker Juice provides a smooth experience for consumers looking for rare British Columbia-grown cannabis.

The Joker Juice is currently offered in two dried flower SKUs in B.C.:

• Joker Juice two grams (available at select B.C. retailers through direct delivery);
• Joker Juice seven grams.

The Joker Juice was also approved for the OCS flow-through program and is expected to be sold in Ontario around springtime.

The Joker Juice is its new collaborative strain launch with the B.C. Weed Co., a passionate group of cannabis enthusiasts with deep roots in B.C. This strain, known for its distinctive aroma, well-balanced effects and visually striking appearance, brings together a roster of champions. Jealousy, Ice Cream Cake and Grape Gas are all found in its lineage. The dense, dark purple and green buds have a sweet candy grape note that first greets the palate and follows through with spice and fuel to finish. Retailers and consumers can expect the initial lot of the Joker Juice to be 24.5 per cent tetrahydrocannabinol and 2.4 per cent in terpenes with myrcene, ocimene and linalool leading.

The Lotus team would like to thank all the retailers and consumers who have already purchased the Joker Juice. Between the Joker Juice and the Keylime Kush, Lotus-grown flower is currently sold in approximately 185 retail locations or 47 per cent of cannabis stores in B.C.

Debt reduction

The company continues to operate with limited working capital. To reduce the working capital deficit, the company has negotiated a reduction of approximately $628,000 of its debt by issuing 25,141,640 shares at 2.5 cents per share with warrants at five cents per share expiring Dec. 5, 2028.

About Lotus Ventures Inc.

Lotus is a British Columbia-based, award-winning licensed cannabis producer and owner of the Lotus Cannabis Co. consumer brand. Lotus grows exclusive and rare strains like the Joker Juice and Keylime Kush, which are carried in over 300 retail locations across B.C. and Ontario.

Lotus is listed on the Canadian Securities Exchange (J) and on the OTC Markets (OTC Pink: LTTSF).

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