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 > Cash burn

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Comment by DerekVTXmanon Nov 22, 2020 8:52pm

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Post# 31950052

RE:Cash burn

It might be higher if they started ramping up production to bring on more bodies. Earlier in the year they had around 100 employees and my estimate is a cost of $1000 a week per employee. Key here is to get product to market. Hopefully the do better at getting products to Canadian Markets and get some better products on shelves soon.

GrinningClown wrote: EVE burned through $2.5 million in cash last quarter leaving a cool $1 million left at the beginning of Q3. Let's just all pray they didn't have as a high of a burn rate this past Q.

GRIN?

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