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Bullboard - Stock Discussion Forum 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... see more

TSXV:EVE.H - Post Discussion

Eve & Co Inc > MEL R's Note "lower monthly BURN RATES than comparable"
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Post by reallyBobbyZ on Feb 13, 2021 11:50pm

MEL R's Note "lower monthly BURN RATES than comparable"

Mel R's note/letter says EVE has "lower monthly BURN Rates than those of comparable footprint".

BURN means EVE is spending more money that it can make in profit from selling its products. 

BURN means EVE is losing money....every month.

BURN in Q3/20 financials was over $4.22 million for those 3 months.

EVE is still BURNING cash today....as per Mel R.
Comment by LionWhisperer on Feb 13, 2021 11:59pm
This post has been removed in accordance with Community Policy
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