Lotus Milestone on Cannabis Cultivation Licensing with Inspection by David Hyde of 3 Sixty Secure Corp.
Lotus Ventures Inc. (CSE:J) (“Lotus”) is completing the final elements for cannabis cultivation licensing. On Saturday, the company finished a detailed security video plus a physical inspection by David Hyde, security consultant to the company. This work, together with the written components of our Evidence Package, will be compiled, edited and submitted to Health Canada shortly. Lotus will be posting updated photos to its website this week and looks forward to the submission of the package.
Lotus reaches this milestone at a time which is also significant for 3 Sixty Secure Corp. (“3Sixty”) which will become a publicly listed company on the Canadian Securities Exchange (the “CSE”). 3 Sixty is expected to begin trading on the CSE on or about January 8, 2019 under the ticker symbol “SAFE”. Over the years David and his colleagues have provided Lotus with unmatched support and guidance and we wish them continued success as part of 3 Sixty Secure Corp.
ON BEHALF OF THE BOARD
Lotus Ventures Inc.
Dale McClanaghan, President and CEO
About Lotus Ventures Inc.
Lotus is a late stage licensed producer applicant under the Cannabis Act, in active review with Health Canada. The unique business model combines an upstream royalty financing model with Auxly and a downstream licensing model with farmer/grower partners using Lotus technology and intellectual property. The first facility in Spallumcheen, B.C. is a purpose built, “state of the art” indoor facility with proprietary processes.