Lotus Ventures Inc. (CSE: J) (OTC: LTTSF) (FRA: LV9) ('Lotus' or the 'Company') the licensed producer that owns Lotus Cannabis, a trusted cannabis brand in Canada is pleased to report approximately $4.6 million in sales and $1.5 million in net income for the twelve-month period ending August 31, 2020.

Fiscal Year 2020 Business Highlights Lotus completed 31 harvests during Fiscal Year 2020 ('FY 2020') and passed all required third-party laboratory tests. The bulk of production was of our unique, high-quality Kalifornia strain that averaged 24.4% THC and with up to 3% in terpene content. Lotus started recognizing sales in the Second Quarter of FY 2020 and only recognized three quarters of sales in the FY 2020 Financial Statements. Sales have continued to be strong into the First Quarter of Fiscal Year 2021 ('FY 2021'). Lotus reached profitability during the first year of production. The result of a disciplined team using years of experience and innovation. Lotus has proven to be capable of consistently producing cannabis with high THC and high terpene content which is in high demand for flower offerings. Lotus now has a proof of concept with its initial prototype facility and is ready to expand operations in the North Okanagan once construction financing is obtained.

About Lotus Ventures Inc.

Lotus Ventures Inc. (CSE: J) is the publicly traded licensed producer that owns Lotus Cannabis Co., a trusted cannabis brand in Canada. Lotus grows rare and new-to-market strains of cannabis, while providing consistency and reliability through its innovative purpose-built facility that was created in BC's North Okanagan region. The initial facility was designed for the ideal growing conditions that cannabis plants need to thrive in, using a high-performance harvest schedule with fresh biweekly harvests. Lotus has decades of growing experience and uses an entirely handcrafted production process created by one of the region's most knowledgeable growing teams.

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 forwardlooking 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.

Contact:

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