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 > Dig in or get out of here ya boiler room babies!

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Comment by skier59on Nov 27, 2020 11:45am

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Post# 31989312

RE:RE:RE:RE:RE:Dig in or get out of here ya boiler room babies!

This one hylighted below is wrong Bobby;

skier59 wrote: OK I was comparing the Yield per Plant from the year-end Dec.2019 Report which showed 25g up to 49g.

On the Financial Report your calculation is wrong.
CASH $384,000
A/R $872,000
Other Prepaid $687,000

Price per gram is an average, and will always vary.

According to you all, based on cash burn, they should of run out of money the end of Sept, however we are the end of Nov and they are still going.

Will there be a PP going forward, probably, unless they have been pulling some rabbits out of a hat. But let's not forget, they started shipping to Germany and it will be a recurring monthly shipment starting in 2020.

I'll sit on my shares and wait it out.

Might add today if emotional ones dump to aggressively.

reallyBobbyZ wrote: Hey Skier....

Q2 yield per plant was 41.77 grams versus 49.22 in Q3...a 15% increase.

Q2 price per gram was $1.36 versus $1.21 in Q3...an 11% reduction.

The $872,000 A/R is part of the "Cash" available calculation. Adding it to the $385,000 is wrong.

Read Note #4 in financials for Inventory. "Fair value" is $3,276,675 but it cost them $9,441,407 to grow it....hence the big loss.

Cheers, Bob

skier59 wrote: OK, so I see $872,000 A/R + cash $385,000

Current Inventory of $10 million

Property Plant & Equipment $39 Million, compared to a MC of $20 million

Yield per plant grew 100% from 25g to 49g.

There were some new products and markets introduced this Fall, and the German contract is just starting.

I'll hold, and I'll throw in some stink bids in the morning :)

reallyBobbyZ wrote: Hey Deep....you expected a 50% drop in Revenue?
You expected a $4.22 million loss [after a small Q2 profit]?
You expected Eve to have $385,000 available on Sept 30?

Gawd! You are one brilliant guy!

Bob

DeepCove11 wrote: What the hell did you phat babes expect. The gold comes in 2021. Silly beans. Who cares.. they are building and still in start up spend phase. They are looking solid and these numbers were expected, Buy more at ..045 after the sell off numb nuts!@