Eve & Co Inc V.EVE.H

Note 4 "Inventory" in Q3 2020 Financials. Analysis.

[reallyBobbyZ]

EVE's Q3, 2020 financials give the following...

Dried Cannabis           $8,399,088
Work in Progress             635,945
                                    _________
Total                            $9,035,033 cannabis product

EVE has their cannabis valued at the $1.21 they got in Q3...SO,

$9,035,033 divided by $1.21 = 7,466,969 grams "in the vault" = 7,467 kgs.

A few weeks ago, EVE posted that it was sending 5,000 kgs off to NextLeaf for extraction.

EVE said it would "share" in any profit that NextLeaf might make selling it. EVE won't get anywhere near the Q3 $1.21 they valued it at on Sept 30.

In FACT, EVE gave NO GUIDANCE on such a HUGE, material action as to value or when they might expect to see any return from this....one    month?...two months?...six months? Your GUESS! 

SO...Eve now has 2,467 kgs left to sell at $1.21 using Sept 30 inventory and Sept 30 price/gram.

2,467 kgs at $1.21/gram = $2,985,070 still "on hand" to sell to retail.

In short, 5,000 kgs of EVE's 7,467 kgs inventory went to NextLeaf...that is about 66% shipped off. No invoice...just a "let's share" deal. If NextLeaf goes out of business for some reason, EVE won't see a dime.

EVE will need to account for this shipment to NextLeaf in their Q4 [year end] results which we will likely see later in April 2021.

In general...expect another HUGE, negative inventory adjustment in the next financial release since 2/3 of the Sept 30 Inventory left with no known value...except it will be much less than $1.21/gram.

Cheers,  Bob








                              

[GhostOfGoldy]

Blah blah blah...nice napkin math pinhead. Still holding that heavy bag, why else would you spend so much time here.  

[reallyBobbyZ]

GHOST....why you so MAD? Why the PERSONAL attacks? If you dispute any of the #s....then do it please. Cheers,  Bob

[Bruiser]

I agree with Bob....I also think shipping this inventory to nextleaf is a last ditch effort to get some cash although possibly to late and will be at a loss. My findings are as follows; 5000kgs of Cannabis will result in aproximate 20-25% conversion to oils = 1000kgs Current wholesale oil prices/kg is averaging $6000 - $7000 = $7,000,000 Split with Nextleaf leaves eve with $3,500,000 best case

[LionWhisperer]

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[LionWhisperer]

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[LionWhisperer]

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[Fishercat1]

5 Days a week 40 hrs asI.m essential Turd . You dont know sqwat . What I do and hey deal with my portfolio is so beyone your brain its comical . Yup you soldso yah get a life loser . Oh have a gold Covid cheapy lol. Yah baby I diversify GRIN . Lose a bit win a bit till BOOM LOL. Yah I know why you scum personnel bash and TROLL me on ALL my Boards ?? . Cuzz I,m dangerous to your bs as I POST

[Hungmunculus]

There is no reason to think that the selling value will be less than $1.21/g - a number I'd like to confirm also rather than take you word. Interesting thought on the cannabis product sent to Nextleaf and I like the math and how you got there however I think you're wrong. They didn't send inventory, they sent "biomass". This could be cannabis that has in a sense expired but

[reallyBobbyZ]

Hey H, thanks for the thoughts. The key word is "SHARE" in the NextLeaf deal. If somehow NextLeaf did the extraction and managed to get an equvilent to $1.21 per gram, they are "partners that will share the profit". To me, that means probably a 50/50 deal...or $1.21/2 = 60.5 cents per gram back to EVE. EVE valued its Q3 INVENTORY at $1.21 per gram. It EVE gets 60

[Fishercat1]

Revs are revs Bob and I,ve already posted at bare minimum what the German deal was worth and we both agreed on the numbers . 5 million 600k and change Profit to EVE,S Kitty . . Yup next Q should be much better and still 4 more German contracts to come  as well as the lois with Coilio and Dr Keerkland and hell who knows what other surprises are in store so yup plenty in the pipe and all thats

[LionWhisperer]

This post has been removed in accordance with Community Policy

[GhostOfGoldy]

Lol, hey lying whisperer did you forget this tidbit of info from the press release? Sounds like a trial shipment was already done, come on do better. "This commercial shipment follows its initial required scientific purposes shipment to Germany which was completed during the summer months."    

[reallyBobbyZ]

Ghost....and how much did they ship in that "first commercial shipment"? What would you guess "significant quantity" means?...how much? C'mon, give us your educated GUESS. Cheers,  Bob

[GhostOfGoldy]

Only ones that know are the ones that work there. I dont guess on things I dont know and make up numbers like you do and call them "facts". 

[BobbIeheadbob]

In fact it's the contrary.  You do nothing but guess and make up everything......

[reallyBobbyZ]

Hey Fisher, Respectfully....you have posted your thoughts on what the "German deal" means to EVE over time. There is no sense me arguing with you on this. I don't agree with the $$$/gram you use...but, maybe you are right...WHO the HECK KNOWS? EVE won't give us any info on even the first shipment...just "significant quantity". Why won't they tell us? They can keep

[Fishercat1]

Nope. I,m not an insider Bob but I,m confident in the direction EVE is going and that first german deal derisked this stock big time and thats good enough for me to play this stock yup LONG . Cheers 

[reallyBobbyZ]

Hey Fisher, again Respectfully...your investment in EVE is your money and your risk...just like all EVE shareholders. Everyone wants CLEAR, CONCISE info from EVE, but EVE is always so OPAQUE. We are all left to Speculate....very SAD. If the Q3 LOSS of $4.22 million was just a one-time thing...and they explained it to us, then great. BUT, EVE isn't saying. No comments on it and no GUIDENCE