Eve & Co Inc V.EVE.H

New MATH....from Q1....MJ sales needed to break even.

[reallyBobbyZ]

EVE lost $1,779,805 in the first 3 months of 2020.
That's about $593,268 loss per month.

IF EVE sells to Germany at twice their Canadian sales price of $1.64/gm
in Q1 [Mel R said she expects "about twice the price they get in Canada" for German sales when she addressed the folks at the Nov, 19 Open House]....then they will get $3.28/gm. 

Dividing the average Q1 monthly loss of $593,268 by $3.28/gm means they need to sell 180,874 gms = 180.87 kgs per month to break even.

The announced upcoming 2021 shipments are in the 50-100 kgs per month range. Breakeven is probably around that 180 kgs per month so while that might stop the cash burn, it won't make any profit....and that's 4 plus months from now when they might start shipping.

Cheers,  Bob

[cannvest]

Add to that Pharmadrug shipments which are 250-500kg on a bulk basis starting 4Q, plus the other 3 agreements coming online and Eve will be doing just fine.  

[BobbIeheadbob]

No guarantees that'll happen or continue on a ongoing basis.....

[cannvest]

Lol bubblehead with the "ongoing basis" quote making no grammatical sense again....faukin dope

[BobbIeheadbob]

You're an angry little roach today ....

[cannvest]

Lol no anger here bubblehead, you and your a$$pirate boytoy RG are the ones with the tudes today like everyday. I just enjoy swatting the hornets nest watch yall get into a tizzy.

[BobbIeheadbob]

You're like that annoying little fruit fly that I keep swating ....

[cannvest]

Buzz buzz b!tch

[RoguesGallery]

This post has been removed in accordance with Community Policy

[cannvest]

Ok boomer, isnt it time for your nap?  

[Goldy63]

Thats is correct Cann and why I bought into Buzz (Pharma Drug) as I see both companies being benificial to each other when reading the last NR . Anybody want to see a basher pinned to the wall and caught out after he posted  Buzz CEO told him big rollback coming(Posted ) . Well I posted the response from Buzz CEO and wow there goes another crumblord down the drain and this basher claims to be

[BobbIeheadbob]

Definition of a delusional person >>>

[reallyBobbyZ]

Hey CannVest, yes...hopefully EVE can get some other announced shipments in Q4. At the Open House, the first shipments to Germany were hypothecated to start in late Q2 and/or throughout Q3. We are halfway through Q3 with no shipments announced. In the meantime...cash reserves are being used up. Q3 financials will give some insight as to cash burn and reserves.

[BobbIeheadbob]

You forgot to take into the extra costs in the expansion ( personal , electricity , etc ) so therefore I expect a higher loss now.  Quarterly financials out tomorrow ?????