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.

TSXV:EVE.H - Post by User

Eve & Co Inc > Over supply Over supply Over supply

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Comment by MynamesPhilipon Oct 29, 2019 4:47pm

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Post# 30283512

RE:Over supply Over supply Over supply

Hexo: 755 million in net worth, 800 employees, same or close to same sqftage as eve. Eve: 49 million net worth, 70 or so employees and 1 million sqft. No wonder Hexo is going through a hard time, if they can't justify revenue they can't keep people employed. This is difficult especially after laying people off that were probably just hired within the year. Eve is in a better situation and is looking at all sorts of other agreements, not just Canada. Only 37 million of us here! We can't all smoke that much weed.

Visionist wrote:
This is going nowhere fast and faster !

In an effort to “rightsize its operations,” Hexo also said it is suspending cultivation at its Niagara facility, which the Quebec producer acquired as part of the CA$263 millionNewstrike deal earlier this year.

Production has also been suspended in the company’s 200,000-square-foot main facility in Gatineau, Quebec.

“The company determined that this cultivation space is not required at this time given the current market conditions in Canada,” Hexo said in a regulatory filing alongside its earnings.

Last week, Hexo announced a workforce reduction of about 200 jobs, representing 20% of the Quebec-based company’s workforce.