TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon Nov 17, 2020 12:30pm
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Post# 31914896
RE:RE:$2.68/gram selling to Germany? Mel R says TWICE Canadian $.
RE:RE:$2.68/gram selling to Germany? Mel R says TWICE Canadian $.True RP....but, the MJ market has taking a serious "sheet kicking" with huge oversupply and price degradation to producers since Nov/2019.
The Germans know they can pay way less...AND, there are several more companies now approved and selling to Germany that have come online since Nov/2019. The price per gram will be lower now.
The scariest thing is that Q2 2019 gave EVE $2.20 per gram and Q2 2020 gave EVE $1.34 per gram. About a 40% drop in REVENUE per GRAM in one year. OUCHH!!!!
Cheers, Bob
quote=Rpizzle]Bob, what you are saying is true , Melinda did say they expect to get about twice what they were getting in Canada. The only flawed analysis of your projection of 2.68 per gram is that you are using Q2 2020 financials to get to that number. If we use Q2 financials from 2019 , the year she actually said they would be getting about double, the average price per gram being sold to Germany would be 4.40 based on average selling price of 2.20 from Q2 financials 2019. [/quote]