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 > One more month and we should have earnings for 3rd quarter

<< Previous

Bullboard Posts

Next >>

Comment by BobbIeheadbobon Oct 19, 2020 3:35pm

99 Views

Post# 31742551

RE:RE:RE:RE:RE:RE:One more month and we should have earnings for 3rd quarter

I know first hand. I've been a creditor on someone who filed bankruptcy that owed me money.

BobbIeheadbob wrote: RBC wouldn't get all their money back so there wouldn't be any left for anyone else. Usually you'll get back 10% on the dollar. Maybe in this case 20%. Just depends what they get at auction. And the Trustee will recieve a large portion of the funds before RBC gets anything.

reallyBobbyZ wrote: IF RBC had to take control, they would likely hire a Trustee to act for them.
A Trustee would "seize" the greenhouse and take control...but because there are no Trustees who have the skill sets to operate or even "mothball" a greenhouse...they would hire a sub-contractor to do those "hands on" items. The $18,700,0000 loan RBC has advanced would keep adding interest, Trustee fees, gas, hydro, property taxes etc. Wouldn't take long to be $20,000,000.

Then...the property would likely be listed for sale or, be subject to an auction with some reserve amount. IF RBC got more than its $$$ back, the balance would go out to other secured lenders/government/etc in order of priority.

Bob

Melindababye wrote: I believe the ownership would Transfer to RBC since they hold the mortgage on it- the 18 million credit Eve took out late last year to keep the lights on.

Either way, no one wants a big open greenhouse anymore. Too inefficient and too much risk.

And that would be a lot of Tulips to sell under the new footprint. Funny, you never hear about any harvests from EVE. I do not even think EVE has the capability to process and package the volume, their greenhouse SHOULD be producing.

LionWhisperer wrote: I would love to hear what the projected production income was foir this year and the end result...Two complete different worlds and just proves the incompetence of those running making the decisions of putting out these projections.I bet they miussed production by 70% and revenues even more.....PATHETIC grin grin.....End of day thought i read somewhere even if EVE goes bankrupt Melinda and company get the assets on a guaranteor? Is this true.Goldy please do not answer as you know SFA