TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon Nov 29, 2020 3:43pm
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Post# 31997288
RE:RE:RE:MISINFORMATION - Mold Problems
RE:RE:RE:MISINFORMATION - Mold ProblemsHi Derek, EVE's average price per gram dropped from $1.36 in Q2 to $1.21 in Q3. That's a 15 cent reduction. An inventory markdown of $1.7 million would mean $1,700,000 divided by 15 cents = 11,333,333 grams being mark down = 11,333 kgs. That is MUCH more inventory than EVE had.
Yes, it is very possible that 2 weeks ago the INFESTATION was under control. Question is, did it carry over into Q4...and for how long?
My source said the INFESTATION was ongoing throughout Q3.
Perhaps your source can assist with when it ended?
Cheers, Bob DerekVTXman wrote: Hi Bobby, you may very well be right, but it was my understanding that these problems were from Q2 and were taken care of a long time ago. Inventory markdown for the quarter was around $1.7 Million and I was under the understanding that this was due to price adjustment. I was told that there are no mold issues and everything is under control a few weeks ago. The Biological inventory as of Sept 30th was very low at $1.2 million (Concerning yes), but if they are ramping up as the MD&A states they could potientally have a full green house by now. I still think Melinda will not fail, there is a lot of upside from here.