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 > RBC..their waiver to EVE on DEBT Ratio expires April/21

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Comment by GhostOfGoldyon Feb 20, 2021 11:54am

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Post# 32618721

RE:RE:RE:RBC..their waiver to EVE on DEBT Ratio expires April/21

Dont listen to this fear mongering word twisting clown. The actual wording from the letter was as follows, more fake news from bobby the bagholder.

We continue to run efficiently with lower monthly burn rates than those of comparable footprints.

reallyBobbyZ wrote: Rock...Mel R recently sent out a "Letter of Transparency" in which she said "Eve continues to Burn Cash monthly". I guess that is semi-transparent....because she could have told us how much they BURN....now that would be valuable info.

We know EVE did 2 EMERGENCY Loans at high cost just before Christmas....HUGE warning SIGN to me.

EVE lost $4.22 million in Q3/20 and only had about $1.5 million left in bank at Sept 30/20. Clearly EVE Burned through that and needed the 2 Emergency loans before Christmas.

If EVE continues to make monthly interest payments on the $18,700,000 loan RBC has with them, that is often not enough because RBC has covenant ratios EVE must meet on Debt Service. RBC has a tough decision to make IMO.

RBC is a wild card in April....1.5 months from now.

quote=RockMaschine]
RBC will continue to extend, its a paltry 18 million. No reason they wont extend or negotiate terms. I commend your stubborness to waste so much of your time to try and save other peoples money. Now April is the line in the sand, ok. So tell me, if the company has any significant amount of revenue and cash flow as of the upcoming statement, why call them out in default. The cost to RBC of being tied up with EVE trying to liquidate assets is much more of a headache than to extend another 6-18 months. The interest is still running so whats the difference. I'm prepared to load up til April. Once those numbers are out then I will make a decision based on revenue, cash position and any possible news from RBC.