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 > MISINFORMATION - Mold Problems

<< Previous

Bullboard Posts

Next >>

Comment by DerekVTXmanon Nov 29, 2020 4:50pm

115 Views

Post# 31997451

RE:RE:RE:RE:MISINFORMATION - Mold Problems

There is no doubt that there must of been a problem as per your observations and the very low biological assets as of Sept 30th. Lets hope that my source is correct when stating that everything is now under control. I am confident that going forward this will have huge upside.

reallyBobbyZ wrote: Hi 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.