Lotus Ventures (XCNQ:J) Construction In Progress : C$1.15 Mil (As of Aug. 2023)

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What is Lotus Ventures Construction In Progress?

Lotus Ventures's quarterly construction in progress stayed the same from Feb. 2023 (C$1.08 Mil) to May. 2023 (C$1.08 Mil) but then increased from May. 2023 (C$1.08 Mil) to Aug. 2023 (C$1.15 Mil).

Lotus Ventures's annual construction in progress stayed the same from Aug. 2020 (C$0.92 Mil) to Aug. 2021 (C$0.92 Mil) but then increased from Aug. 2021 (C$0.92 Mil) to Aug. 2022 (C$0.98 Mil).

Lotus Ventures Construction In Progress Historical Data

The historical data trend for Lotus Ventures's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lotus Ventures Construction In Progress Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Construction In Progress

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5.65

0.74

0.92

0.98

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Construction In Progress	Get a 7-Day Free Trial															0.98	0.98	1.08	1.08	1.15

Lotus Ventures Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Lotus Ventures (XCNQ:J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lotus Ventures Inc (XCNQ:J) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.

Executives

Gary Kenneth Mathiesen

Senior Officer