TSXV:EVE.H - Post by User
Post by
McGeezeron May 05, 2019 1:16pm
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Post# 29712369
Next Steps
Next StepsOne item I would like to see EVE complete is a contract with an extraction company (OILS, LABS, VGW) in preparation for edibles/drinks/value added products....EVE does not have the extraction capablilites right now for this much grass, and it's being noted that it's expensive/challenging for LP's to do it themselves...let's leave that piece to the pros
If EVE in fact does get the expansoin complete for growing season, I don't beleive they'll be running at full capacity until next year....Having said that, if they have 20,000kg of harvested cannabis (my prediction for 2019) by October, my fear is that the won't have enough buyers for the product (espeically as competition ramps up)....
However, if they have a stockpile of oils etc, I don't think they'll have a problem selling it...
I'm an investor in EVE and want great things for the company in the long run, but I still would like to see them solidify thier business plan. Are they purely a producer? Are they in fact going down the road of female products (mistake IMO, as L'OREAL and others will undoubtedly steal this market)? will they be a beverage procuder? (Again, Canopy might have this cornered)...
I think this is still unclear to all of us?