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.

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Eve & Co Inc > New MATH....from Q1....MJ sales needed to break even.

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Comment by cannveston Aug 13, 2020 3:17pm

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Post# 31404975

RE:New MATH....from Q1....MJ sales needed to break even.

Add to that Pharmadrug shipments which are 250-500kg on a bulk basis starting 4Q, plus the other 3 agreements coming online and Eve will be doing just fine.

reallyBobbyZ wrote: EVE lost $1,779,805 in the first 3 months of 2020.
That's about $593,268 loss per month.

IF EVE sells to Germany at twice their Canadian sales price of $1.64/gm
in Q1 [Mel R said she expects "about twice the price they get in Canada" for German sales when she addressed the folks at the Nov, 19 Open House]....then they will get $3.28/gm.

Dividing the average Q1 monthly loss of $593,268 by $3.28/gm means they need to sell 180,874 gms = 180.87 kgs per month to break even.

The announced upcoming 2021 shipments are in the 50-100 kgs per month range. Breakeven is probably around that 180 kgs per month so while that might stop the cash burn, it won't make any profit....and that's 4 plus months from now when they might start shipping.

Cheers, Bob