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.

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Eve & Co Inc > Why don't the Q3 financials show

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Comment by reallyBobbyZon Dec 11, 2020 11:26pm

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Post# 32092207

RE:RE:RE:RE:RE:Why don't the Q3 financials show

Hey Skier, The EU GMP inspectors only inspected drying rooms 1/2/3 and that was about 2-3 weeks after Enerzone first learned EVE hadn't ordered the required equipment from another party that had quoted EVE several months prior.

EU GMP inspectors [from Germany] gave an "ok" to drying rooms 1/2/3 that had EnerZone equipment in it to control air quality...the key item for EU GMP. The equipment was installed by EVE's own maintenance crew.
EVE was very happy with Enerzone's equipment and valiant rush/rush work effort...and EU GMP approval.

Enerzone invoiced EVE for those first 3 rooms of equipment.

About 2 months later EVE wanted the same equipment for drying rooms 4/5/6. Enerzone built it but, had not been paid for drying rooms 1/2/3. The invoice was well past due. So, Enerzone held room 4/5/6 equipment until EVE paid the total invoice of about $75,000 as they were on "credit hold".

FACT!

skier59 wrote: That's not unusual in Business. Final Delivery, Customer wants to make sure all is a-ok before you all take the money and run....or bash the carp out of them....as we see. Actually glad to see they saw something no so copassetic and held back the payment a little, smart business move.
Glad to hear you stating all is A1 with the equipment you installed, and you have been paid in full. Whatever happened with that Crop from Q3 it happened. I'm sure they learned from it and will move forward to make sure it is not a recurring problem. Business Plan looks solid to me going forward. Hoping to have 100,000 in the TFSA one day.

reallyBobbyZ wrote: Hey Skier,

Yes, Enerzone was paid by cheque in full for about $75,000 worth of equipment. No "shares" involved....straight biz sell/buy. That was the total $$$ for the equipment for their 6 drying rooms.

Truth be told though, Enerzone had to put a "hold" on the final delivery as payment was well past due. We needed a cheque or no delivery. Enerzone rarely has to do this.

That was the first time my "spidey sense" went "hey...WTF"?

Bob

skier59 wrote: Ok, I'm glad to hear the whole story, thank-you ! Now, Bobby, did you get paid full and complete for your services?

reallyBobbyZ wrote: Hey M....PumpTards full of BS.

Enerzone saved EVE's EU GMP azz in November 2019.

EVE had a months old quote for specialized drying room HVAC needed for EU GMP. But, EVE didn't order it in time...screwed!

But, Enerzone came to the rescue and designed & built the required HEPA filtration units, Carbon Scrubbers and Postive Pressurization equipment
on a super-rush basis...in 2 weeks. EVE maintenance team installed it and a few days later EU GMP inspectors from Germany gave EVE its OK.

FACT is....Enerzone saved EVE's EU GMP azz.

The equipment is there today...working awesome. FACT!

mystique1 wrote: equipment repairs and write offs of Zillas HVACs if they were defective and the cause of crop failures? Probably because the stock pimps lied?