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Bullboard - Stock Discussion Forum Eve & Co Inc V.EVE.H

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... see more

TSXV:EVE.H - Post Discussion

Eve & Co Inc > Almost Five (5) Million Dollars of INVENTORY was WRITTEN OFF
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Post by mystique1 on Apr 18, 2020 6:39pm

Almost Five (5) Million Dollars of INVENTORY was WRITTEN OFF

Did that surprise anyone?

"""
During the year ended December 31, 2019, the Company recognized an inventory write- down of $4,760,411 (fourteen months ended December 31, 2018 – $Nil).""""""
 
Comment by cannvest on Apr 18, 2020 7:18pm
Nope, as did almost every other LP this past year. 
Comment by CCAAsoon on Apr 18, 2020 8:27pm
This post has been removed in accordance with Community Policy
Comment by cannvest on Apr 18, 2020 8:55pm
Right because you know my positions you clown. Hes some advice, go fauck yourself ok. Time for you to move on, nothing you said has even come remotely true about eve.
Comment by cdnkeswick on Apr 19, 2020 10:34am
All you big time investors and it would seem that none of you realize that when a new CEO takes over they write off everything they can so that the balance sheet is clean for their tenure. Seen this hundreds of times and is never a surprise. Look forward to a cleaner balance sheet in the future one that will more clearly reflect the up and coming quarters now you will be able to analyse the ...more  
Comment by MJVigilante on Apr 18, 2020 7:21pm
it shouldn't have.!!  how long do you think inventory is viable? (been sitting since inception), i have posted that i feel there would be a sig write off 3 times since Jan. why did it shock you.  You seem to think you are the only one whom can read a FS.   give it a rest already.   There are far more overvalued stock than this one.   They only need to ...more  
Comment by CCAAsoon on Apr 18, 2020 7:45pm
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Comment by PatrickBateman on Apr 18, 2020 8:53pm
This post has been removed in accordance with Community Policy
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