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 > Remember that Disco Song "BURN BABY BURN" by the Trampps?

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Comment by reallyBobbyZon Feb 14, 2021 2:19pm

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RE:RE:RE:RE:Remember that Disco Song "BURN BABY BURN" by the Trampps?

I hear you Sam.

But many startups like EVE are cash flow negative for too long and run out of money...then Creditor Proposal or Bankruptcy.

IMO, we will know EVE's fate by end of April/21.

SamRothstein wrote: Oh I'm not saying EVE is remotely on par with Canopy. I'm just pointing out that most companies are cash flow negative before they turn that corner.

reallyBobbyZ wrote: Hey Sam....EVE is not Canopy....no DEEP POCKETS.

Do you remember the 2 EMERGENCY, High Cost loans EVE needed to take just before year end 2020...About $1.6 million total? Now that's a SCARY FACT.

EVE Burnt $4.22 million cash in Q3/20 and had about $1.5 million left in the bank at Sept 30/20.

Yup...you got the "High Risk" part right.

SamRothstein wrote: Canopy is still burning cash as well. They just recorded a 3/4 billion loss for the quarter. The fact that a company is not cash flow positive yet does mean that they are a good investment. It does mean they have a higher risk profile. and a correspondingly higher return potential.

reallyBobbyZ wrote: Mel R's new Transparency Letter tells us EVE is still BURNING Cash every month. That means NO MONTHLY Profits. OUCH!!!!

Maybe EVE should adopt "Burn Baby Burn" as their official anthem?

Burn Baby Burn was recorded by The Trampps.