Post by
Spectra7 on May 15, 2020 1:52pm
Can EVE stay cashed up ????
cash on hand ...8m...current burn rate 3m...forget about the 18m in current inventory, they haven't sold anything close to that in any Q. Here is my opinion. There will be zero sales to Germany while this pandemic is "hot"...governments have many concerns, buying pot from Canadian producers is way, way down their list of priorities. That being said, EVE currently has a minimal footprint in Canada, i e. negligible revenues. Moving forward how do you keep gas in the tank???...EVE has no other option than sell equity to the market. As a long, that is a major concern to EVE 's ability to survive. Export market was, is EVE's bailiwick. IF, I repeat IF EVE does not get their product into Germany on the next Q, I expect a NR regarding the need to raise more $$. Cheers all. Have a good long weekend.
Comment by
PatrickBateman on May 15, 2020 1:59pm
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