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 > Natural Medco [not EVE] gets $1,000,000 loan in 2 tranches.

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Comment by BobbIeheadbobon Dec 30, 2020 6:31pm

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RE:RE:RE:RE:Natural Medco [not EVE] gets $1,000,000 loan in 2 tranches.

That's true with the shareholders which is why the shareholders would never get amythung
in a bankruptcy. This current 1 million financing is also secured. Secured is secured against the property. There is no this person gets paid first when both parties are secured. Since RBC is owed 18 million then these new creditors with their 1 million loan would receive 1/18 if EVE filed bankruptcy. RBC is the secured creditor and I've never saw another company whaeras they are able to also jump on the secured financing that is already done.

reallyBobbyZ wrote: Hey Bobble, RBC is in first place...any other loans in second place are at greater risk. RBC is ok with that....cuz RBC feeds first.

BobbIeheadbob wrote: The loan is secured by the lenders. They'll be secured with RBC now. I wonder if that's even legal since RBC is a secured creditor and since they are that doesn't allow other creditors to be secured on the assets since it's all RBCs and they won't even receive all their money if EVE filed bankruptcy ......

Jarred wrote: What's interesting is that monthly repayments of princial and interest can only be made during the second year of the term. The lenders must have some hope that EVE will turn it around in 2021 as they will be collecting nothing during the year. it looks like EVE got a lifeline but not a cheap one. Obviously 2021 will be a make it or break it year for EVE.