TSXV:EVE.H - Post by User
Comment by
CleverInvestor2on Nov 09, 2019 5:41pm
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Post# 30332000
RE:RE:RE:RE:RE:RE:RE:RE:Guess what Cannwest
RE:RE:RE:RE:RE:RE:RE:RE:Guess what CannwestWhy would we need financing? We still have lots in the bank and we're not losing tens of millions like other Mj companies.
MJVigilante wrote: Spectra7 wrote: Goldy63 wrote: Why not post the number Spec ? If I recall ithe loss was around a million $ where as the q previous was around 8 milion so would look like EVE is turning the corner to profitability . Even some small green next Q will be a good thing as the market is looking for profitable companies . That Q is comming around soon . TGIF . JMO.
Goldy63, I don't anticipate a profit next Q based on MY assumption that with wholesale and retail price compaction experienced by other LP's...limited exposure by EVE currently in the Canadian market, increased capex and general expences to operate the new expansion, and lastly no sales to the target market of Germany. Hopefully H.C. gets off their "duffs" and allows EVE to get things rolling. Higher expences with limited sales avenues cost $$$. IMHO, if the German market does not allow EVE to top up the bank a/c sooner, rather than later, another capital raise is in our immediate future. Cheers
I hope if financing is required it comes in the form of debt rather than equity. i'd support that fully. An equity raise in the current climate would be very costly.
We (EVE and its investors) need sales!!! lets hope they come in Q4,