Eve & Co Announces Operating Highlights and Financial Results for the Three Months Ended March 31, 2021
May 31 2021 - 5:08PM
Eve & Co Incorporated (the “Company” or “Eve & Co”) (TSX-V:
EVE; OTCQX: EEVVF) is pleased to announce its operating highlights
and financial results for the quarter ended March 31, 2021.
The financial statements and management’s
discussion and analysis for such period are available on the System
for Electronic Document Analysis and Retrieval ("SEDAR") at
www.sedar.com and on Eve & Co's website at
www.evecannabis.ca.
Operating Highlights
- The Company
recognized gross sales of cannabis to the adult-use and wholesale
markets of $2.47 million as compared to $0.47 million for the
quarter ended March 31, 2020, representing an increase of
430%;
- During the
first quarter of 2021, the Company completed an additional shipment
of European Union certificate of Good Manufacturing Practice (“EU
GMP”) certified cannabis to another of its German customers;
- On February 11,
2021, the Company announced that it had successfully completed its
first shipment of cannabis products to New Brunswick. Its cannabis
products can be purchased at licensed New Brunswick retailers and
online; and
- On April 28,
2021, the Company announced that it had successfully completed its
first shipment of cannabis products to Alberta. Its recreational
cannabis products will be available online and can be purchased by
the province’s privately owned licensed retailers.
ABOUT EVE & CO
Eve & Co, through its wholly-owned
subsidiary Natural MedCo Ltd., holds cultivation and processing
licences under the Cannabis Act (Canada) for the production and
sale of various cannabis products, including dried cannabis,
cannabis plants and extraction of cannabis oil and has received EU
GMP certification. Natural MedCo Ltd. was Canada’s first
female-founded licensed producer of medicinal marijuana and
received its cultivation licence from Health Canada in 2016. Eve
& Co is led by a team of agricultural experts and has a
licensed 1,000,000 sq. ft. greenhouse located in Strathroy,
Ontario.
CAUTIONARY NOTES
Certain statements in this press release
constitute forward-looking information. All statements other than
statements of historical fact contained in this press release,
including, without limitation, those regarding the Company’s
expansion, licensing, the expected increase in production capacity,
the expanded product lines, the commencement of shipments to
Germany, opportunities for growth, the effects of COVID-19, sales,
future strategy, plans, objectives, goals and targets, and any
statements preceded by, followed by or that include the words
“believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”,
“may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”,
“project”, “seek”, “should” or similar expressions or the negative
thereof, are forward-looking statements. These statements are not
historical facts but instead represent only the Company’s
expectations, estimates and projections regarding future events.
These statements are not guarantees of future performance and
involve assumptions, risks and uncertainties that are difficult to
predict, including those described in the Company’s management’s
discussion and analysis for the three months ended March 31, 2021
which is available on the Company’s SEDAR profile. Therefore,
actual results may differ materially from what is expressed,
implied or forecasted in such forward-looking statements. The
forward-looking information and forward-looking statements included
in this news release are made as of the date of this news release
and the Company does not undertake an obligation to publicly update
such forward-looking information or forward-looking information to
reflect new information, subsequent events or otherwise unless
required by applicable securities law.Neither the TSX
Venture Exchange nor its regulation services provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.For further information, please
contact:
Melinda RomboutsPresident and Chief Executive OfficerEve & Co
IncorporatedTelephone: (855) 628-6337 |
|
Rory TaylorInterim Chief Financial OfficerEve & Co
IncorporatedTelephone: (855) 628-6337 |
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