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Eve & Co Inc V.EVE.H

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.


TSXV:EVE.H - Post by User

Comment by reallyBobbyZon May 31, 2021 9:20pm
99 Views
Post# 33300991

RE:RE:Q1/21 sold $2,055,745 but lost $2,082,029 doing it.

RE:RE:Q1/21 sold $2,055,745 but lost $2,082,029 doing it.Ghost...In Q1 they borrowed $500,000 more (the second part of the $1,000,000 loan) and ran payables up by $1,164,594, etc. 

The fact that "cash on hand" at Q1/21 closely resembles the "cash on hand" at Dec/20 is meaningless.

EVE will not survive (in its present form) if overhead and sales continue as in Q1/21.

And remember all the PUMPERS said Q1/21was the big turnaround.

Instead Q1/21 was a TRAIN WRECK of over $2,000,000 loss on about $2,000,000 in sales.






GhostOfGoldy wrote:

And only used 8K cash over three months, pretty impressive there boobyz. Cry more.

 

reallyBobbyZ wrote: EVE lost $2,082,029 as it sold $2,055,745 [net of excise tax].

In Q1/21 EVE borrowed the second $500k of the $1,000,000 high cost private placement loan.

EVE's trade payables were $8,422,469 at end of Q1/21 vs $7,257,875 at end of Q4/20.....an increase of $1,164,594 owed to suppliers, etc.

EVE says it got $1.28/gm in Q1/21 = $581.12/pound (454 x $1.28). 

EVE sold about 1,606,050 gms in Q1/21 = 1,606 kgs. (Sales of $2,055,745 / $1.28 = 1,606,050 gms).









 

 

 



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