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Eve & Co (TSXV:EVE) completes its largest shipment of cannabis to Germany

Cannabis
TSXV:EVE
11 August 2021 09:00 (EDT)
Eve and Co - CEO, Melinda Rombouts

Source: The Market Herald Canada

Eve & Co (EVE) subsidiary Natural MedCo Ltd. successfully completed its largest shipment of cannabis to date to a customer in Germany.

The shipment has a retail value of C$1.8M.

Eve & Co received its European Union certificate of Good Manufacturing Practice (EU-GMP certification) in March of 2020 and has continued to complete regular commercial shipments to its customers in Germany since the fourth quarter of 2020.

Eve & Co is one of a select few licensed facilities in Canada which is EU-GMP certified and able to export cannabis into the emerging and growing cannabis markets of the EU.

Eve & Co has supply agreements with ten German companies for the distribution of products throughout the EU.

“Our export quantities to Germany have been continually increasing as has the demand for our EU-GMP certified product by our German partners. Our EU-GMP certification provides a competitive advantage in that we are not solely reliant for revenue on the over-supplied Canadian market. We can establish our product in international markets and continually increase exports to these developing markets through our partners as their businesses grow,” said Melinda Rombouts, President and Chief Executive Officer of 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. NMC received its cultivation licence from Health Canada in 2016.

Eve & Co Incorporated (EVE) opened trading at C$0.185 per share.

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