After Months Of Capital Crunch, Cannabis Company Lotus Ventures Completes Sale And Delisting
Portfolio Pulse from Nina Zdinjak
Lotus Ventures Inc. has completed a sale of its shares to 5008679 Ontario Limited, resulting in the delisting from the CSE and OTC Markets. The company faced financial difficulties, including a significant revenue drop and a net loss in 2022.
August 20, 2024 | 7:50 pm
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Lotus Ventures Inc. has been delisted from the OTC Markets following a complete acquisition by 5008679 Ontario Limited. The company faced financial challenges, including a significant revenue drop and net loss in 2022.
The delisting of Lotus Ventures from the OTC Markets indicates a significant change in its public trading status, likely leading to a negative short-term impact on any remaining OTC trading activity. The company's financial struggles, including a revenue drop and net loss, further support a negative outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100