Eve & Co Inc V.EVE.H

MISINFORMATION - Mold Problems

[DerekVTXman]

There are no current Mold problems - Any inital FR#3 start up issues are now under control.  The company is in the process of ramping up production to meet internationl orders.  FACT

[reallyBobbyZ]

Hi Derek, Hope things are good. I posted that during Q3 there WAS an INFESTATION that caused HUGE amounts of crop to be thrown out. That is my info from a well-placed source that works at Natural Medco. "No current mold problems" could mean as of today Nov 29? That is possible. I'm talking about during Q3. QUESTION...we see revenue declined by 50% in Q3 but that only accounts

[DerekVTXman]

Hi Bobby, you may very well be right,  but it was my understanding that these problems were from Q2 and were taken care of a long time ago.  Inventory markdown for the quarter was around $1.7 Million and I was under the understanding that this was due to price adjustment.   I was told that there are no mold issues and everything is under control a few weeks ago.  The

[reallyBobbyZ]

Hi Derek, EVE's average price per gram dropped from $1.36 in Q2 to $1.21 in Q3. That's a 15 cent reduction. An inventory markdown of $1.7 million would mean $1,700,000 divided by 15 cents = 11,333,333 grams being mark down = 11,333 kgs.  That is MUCH more inventory than EVE had. Yes, it is very possible that 2 weeks ago the INFESTATION was under control. Question is, did it carry

[DerekVTXman]

There is no doubt that there must of been a problem as per your observations and the very low biological assets as of Sept 30th.  Lets hope that my source is correct when stating that everything is now under control.  I am confident that going forward this will have huge upside. 

[mystique1]

Derek...if you're  with rev Canada or irs, you job is secure for years. All the corruption in cannabis sector is great job security...very interesting I'm sure!

[DerekVTXman]

I Must agree, particularlly with those that converted from mining juniors to cannabis.  One good thing about Melinda is that she has always been in the business of growing.  Can she weather the storm and be a success?  Only time will tell.