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Consumer Defensive Household & Personal Products

Eve & Co Incorporated is a Canada-based company, which holds cultivation and processing licenses for the production and sale of various cannabis products, including dried cannabis, cannabis plants and extraction of cannabis oil. It is a licensed producer of medicinal marijuana. It also provides educational information and online support for its customers and first-time buyers. Its products... see more

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Eve & Co Inc > RBC just got the 2020 Year End too. This won't be pretty!

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Post by reallyBobbyZ on May 02, 2021 5:46pm

RBC just got the 2020 Year End too. This won't be pretty!

RBC loaned EVE approx $18,500,000. That loan had Debt/Equity requirements.

EVE didn't meet those requirements at Dec 31, 2019. RBC gave EVE a waiver until right now....the release of EVE's 2020 Financials.

Now, just like us, RBC gets EVE's Dec 31, 2020 financials and sees a nearly $10,000,000 loss and New Debt to private, high interest loan providers.

EVE is going to be enormously further off-side in Debt/Equity.

RBC has a big Problem!

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Comment by BobbIeheadbob on May 02, 2021 8:47pm

Good chance RBC calls loan and try's to salvage what they can .....

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Comment by BobbIeheadbob on May 02, 2021 8:59pm

EVE keeping what little money they have in a Credit Union instead of with RBC speaks volumes .......

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Comment by mystique1 on May 02, 2021 9:23pm

the RBC would gobble it up quickly if Eve fell behind in its interest payments! Lol. It's safe in the credit union because historically the credit union has never lost a customer deposit!

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