Eve & Co Inc V.EVE.H

ZIP for the Shareholders….RBC loses too!

[reallyBobbyZ]

So, it's all decided and done.

Court order shows M4 Group paid $15,800,000
for the assets and ongoing MJ licenses.

From that total, payouts of about $2,929,000 to 
the interim "debtor in possession loan", about 
$1,000,000 to "The Administrator" who oversaw the CCAA process, $553,777.00 to the Township for past due property taxes and $298,000 to CRA for unpaid amounts.

That leaves about $11,000,000 for RBC less the $75,000 going to the Van Engelens who had loaned EVE about $1,000,000 last year about this time. 

RBC was owed $17,452,673 so they are taking
about a $6,500,000 loss.

Not sure how Mel R did overall, but she got ZIP for her millions of shares...and a nice Trophy from RBC a couple years ago.

Absolutely NOTHING to the shareholders.

[yureja85]

This post has been removed in accordance with Community Policy

[DarylTheFrog]

Longtime no see Boby and Mysty..All the best over the season to both of you......Its finally closed as was predicted by many here years ago.Sad but it has happened.Do we know anything about the property the greenhouses were on hoe it panned out.I thought Mel had her hands in that.....Regardless that tropy RBC gave her must be made from solid gold..A 6 million dollar hit to a bank..What were they