Sept 6, 2019
Eve & Co. announces supply agreements with a German importer/distributor. The German distributor agrees to purchase a minimum of 25kgs/month for the first two months and a minimum of 100kgs/month for the next 22 months. Eve & Co. expected to start shipments upon approval from Health Canada on the company's 780,000 sq/ft greenhouse expansion, which was received on Dec 16, 2019.
Eve & Co. then receives EU GMP certification on Mar 6, 2020, which was apparently the final hurdle to start fulfilling their German supply agreement.
Here we are almost 8 months later and not one ounce has been shipped to Germany. 61 days until the end of the calendar year.
I've been watching this company since the beginning because the female branding kind of intrigued me and was lucky to make money in the early years to offset any loses that I might have to-date but I am so confused with this company.
What exactly are the current revenue streams for this company? I know that they had shipments to a few provinces (Ontario, Manitoba, Saskatchewan and Newfoundland) but are these ongoing shipments?
Update: Was finally able to get out to the grocery store yesterday around 6:00pm to get what I needed for the week. No retired people, no seniors and no line ups.