TORONTO, Dec. 31, 2018 (GLOBE NEWSWIRE) -- Eve
& Co Incorporated (the âCompanyâ or âEve & Coâ) (TSXV: EVE;
OTCQB: EEVVF) is pleased to announce that it has completed its
first shipment of dried cannabis product. "Since receiving the
amendment to our license to include additional sales on December
10th, 2018, we have initiated our first sales transactions and have
completed delivery of approximately 162,000 grams of product. We
will continue to focus on harvesting weekly, B2B sales of current
and new inventory as well as fulfillment of our provincial and
export agreements," said Melinda Rombouts, President and Chief
Executive Officer of Eve.
Further, the Company has filed its interim financial results for the three and twelve month periods ended October 31, 2018.The financial statements and management discussion and analysis for such interim 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.
HIGHLIGHTS
The Company is pleased to provide the following highlights of its progress over the three-month period ended October 31, 2018 and subsequent events:
âWe are very pleased with our progress in Q4 of 2018. We continue to harvest on a weekly basis, increase efficiencies and also received multiple approvals from Health Canada. These have allowed us to more than double our production potential, add automated packaging capabilities and expand into additional sales markets. Eve is well-positioned to develop sales in multiple markets including B2B, provincial and global medical cannabis markets and become a leader in large scale, efficient and economic production of cannabis in Canada,â said Melinda Rombouts, President and Chief Executive Officer of Eve. âWe continue to focus on our expansion, increasing efficiencies at our 220,000 sq. ft. facility and the development of partnerships in our female-focused brand, Eve.â
ABOUT EVE & CO INCORPORATED
Eve & Co, through its wholly-owned subsidiary Natural MedCo Ltd., holds cultivation and processing licenses under the Cannabis Act (Canada) for the production and sale of various cannabis products, including dried cannabis, cannabis plants and cannabis oil. Natural MedCo Ltd. was Canadaâs first female founded licensed producer of medicinal marijuana and received its cultivation license from Health Canada in 2016.
Eve & Co is led by a team of agricultural experts and has a licenced 220,000 sq. ft. scalable greenhouse production facility located in Middlesex County, Ontario with 32 acres of adjacent land for future expansion. Eve & Co has commenced construction of an additional 780,000 sq. ft. proposed expansion, bringing Eve & Coâs total anticipated greenhouse capacity to 1,000,000 sq. ft.
The TSX Venture Exchange (the âTSXVâ) has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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 Companyâs
expansion and funding therefor, future, strategy, plans,
objectives, goals and targets, and any statements preceded by,
followed by or that include the words âbelieveâ, âexpectâ, âaimâ,
âintendâ, âplanâ, âcontinueâ, âwillâ, âmayâ, âwouldâ, âanticipateâ,
âestimateâ, âforecastâ, âpredictâ, âprojectâ, âseekâ, âshouldâ or
similar expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Companyâs 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 Companyâs filing statement dated June 18, 2018 and
available on the Companyâs 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 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.
For further information, please contact:
Melinda Rombouts President and Chief Executive Officer Eve & Co Incorporated Telephone: (855) 628-6337 |
|
Landon Roedding Chief Financial Officer Eve & Co Incorporated Telephone: (647) 473-4947 |