Eve & Co Inc V.EVE.H

RE:Note 4 "Inventory" in Q3 2020 Financials. Analysis.

[Bruiser]

I agree with Bob....I also think shipping this inventory to nextleaf is a last ditch effort to get some cash although possibly to late and will be at a loss. My findings are as follows;

5000kgs of Cannabis will result in aproximate 20-25% conversion to oils = 1000kgs
Current wholesale oil prices/kg is averaging $6000 - $7000 = $7,000,000
Split with Nextleaf leaves eve with $3,500,000 best case scenario
$3,500,000 / 5,000,000g = $0.70/gram

5000kgs @ 1.21 = $6,050,000

Result is another $2,500,000 write down.

A 10 year old could write a better business plan.

Its rediculous that public companies get away with this and they dont even have enough dignity to at least present themself on a call to say " I agree we are struggling right now, however we need to turn this boat around and this is how we plan to do it." Instead the no business plan go with the flow, shoot from the him, no business plan continue. 

Bottom line. EVE & CO  is BUSH LEAGUE!!!