Lotus Ventures Inc. has retained Oak Hill Financial Inc. to provide capital market advisory services to the Company.
Oak Hill is a leading Canadian marketing and distribution firm, focused on IIROC retail brokerage networks, servicing both asset managers and public companies. Oak Hill specializes in effectively communicating and building credibility with a network of over 10,000 Canadian IIROC retail brokers and over 300 North American funds. Oak Hill’s experienced team of former asset management wholesalers and capital market professionals provide their clients with differentiated advice as well as unparalleled execution helping companies achieve their strategic business and capital market goals. Oak Hill has successfully marketed companies ranging in market value from $10M to $1B in a variety of different industries including cannabis.
Under the terms of engagement, Oak Hill has been retained for a six-month period for a monthly fee together with one hundred thousand (100,000) options of Lotus common shares. The options shall vest on a quarterly basis from the execution of this agreement. If the agreement is terminated for any reason, Oak Hill shall have 60 days to exercise all vested options, after which point, they are cancelled. The options shall have an 18-month term and this agreement is subject to the approval of the Canadian Securities Exchange.
About Lotus Ventures Inc.
Lotus Ventures Inc. is the publicly traded licensed producer and the owner of Lotus Cannabis Co., a premium-craft cannabis brand in Canada. Situated on 23 acres of farmland in BC’s North Okanagan region, Lotus cultivates premium cannabis flower providing consumers with a quality experience that they can count on. Lotus currently sells cannabis on a wholesale basis to licensed producers across Canada, which have listed popular cultivars like our Kalifornia in recreational channels across eight provinces.