Eve & Co Inc V.EVE.H

Consumer Defensive Household & Personal Products

Eve & Co Incorporated is a Canada-based company, which holds cultivation and processing licenses for the production and sale of various cannabis products, including dried cannabis, cannabis plants and extraction of cannabis oil. It is a licensed producer of medicinal marijuana. It also provides educational information and online support for its customers and first-time buyers. Its products include The Boss Bath Bomb, The Dreamer Bath Bomb, The Lover Bath Bomb, The Optimist CBD Bath Bomb, Indica Blend, Sativa Blend, The Boss, The Confidant, The Creator, The Lover, The Adventurer, The Advocate, and The Free Spirit. Its wholly owned subsidiary is Natural MedCo Ltd. The Boss Bath Bomb has an invigorating blend of sweet orange, lemon, and grapefruit essential oils that come together to enhance and lift mood, reduce stress, and stimulate circulation. The Dreamer Bath Bomb has calming lavender and chamomile essential oils that help to reduce stress and anxiety and promote calmness.

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Eve & Co Inc > I am officially claiming foul play on EVE

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Comment by reallyBobbyZon Jan 18, 2021 6:17pm

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Post# 32322865

RE:I am officially claiming foul play on EVE

How about the November 9 announcement of 5,000 kgs going to NextLeaf for extraction?

We know just about ZIP about this ENORMOUS quantity of inventory that wasn't noted in EVE's Q3 financials. Was timing of Nov 9 "just late enough" to avoid "subsequent events" notes in Q3 financials?

I expect a HUGE INVENTORY writedown in Q4 with the shipment that went to NextLeaf.

No one wants 6-12 month old bud...except extraction folks...at maybe 15 cents/gram cost? The 15 cents/gram is if they buy it outright...which NextLeaf didn't do. NextLeaf & EVE will "share" in any profit the NextLeaf might generate...key word "any"...lol.

Phileagles11 wrote:
After looking at the sequence of the n/r's last month, something just doesn't seem right.

EVE knew that they were strapped for cash before the last quarterly financials were posted. They also would have known of any sales revenue coming in over the next few months.

Why didn't the company do the r/s at this time along with a pp to obtain cash? Instead, Meli completes a financing deal for $550k that pays her interest at a rate of 10% per annum AND then the company enters into a $1M financing loan with a private consortium of lenders where interest is payable monthly.

Am I missing something here? Shouldn't they have started with the r/s and pp before going out for loans?