TSXV:EVE.H - Post by User
Comment by
KohKuton Apr 16, 2020 12:42pm
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Post# 30917042
RE:Coming months
RE:Coming months Bigoldstocktips wrote: Canopy closed another plant. Eve is hiring. In the coming months Eve will be shipping at least 2 million grams a month to Germany. They will need more employees to handle that volume. The first shipments will be 100 kg per month then it ramps up to a couple thousand a month so I'm thinking they are staggering the growing of the start up in the new expansion. When I was at open house they already had plenty of employees. So this tells me they are getting ready for high volume soon.
Agreed with your analysis and unlike all the big boyz mistakes EVE has quietly been building a well managed business that does include large capex projects/mergers etc. WEED/ACB/TLRY were out of control with spending, thus now are trimming back sort of to speak. WEED got rid of the CEO who had an open cheque book.....Constellation Brands gave them a ton of bank to spend wisely, well we know what happened, the CEO got the boot and thenew CEO is now getting rid of the extra fat.
The move is the latest phase of chief executive officer David Klein’s strategic review to bring the cannabis giant’s footprint in line with current market conditions. EVE is going to be fine for those who have a longer term view versus the typical daytrader.