Ann: Eve Invests in Pioneering Cannabis Honey & Tea Tree Oil Co, page-236

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pgrace

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06/01/18

01:36

Post #: 30087200
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Originally posted by pgrace ↑

Yeah - I am liking it!

HIGHLIGHTS
EVE INVESTS IN PIONEERING CANNABIS HONEY & TEA TREE OIL COMPANY

 EVE enters a binding term sheet to acquire a 50% interest in an established organic essential oils producer from Jenbrook, for total consideration of $1.49m

 Acquisition of multiple assets across the production and sales value chain for 100% Australian organic essential oils, extracts and distillate waters

 Doubling of revenue expected from established products and existing US customer base: $1.6m annualised monthly revenue anticipated for June 2017, 100% increase from June 2016

 Unique and exciting product expansion, with confirmed US customer demand for two new product opportunities:
o Medicinal cannabis honey – a premium honey product, produced by bees pollinating on hemp or medicinal cannabis plant nectar

o Melaleuca (Meluka) honey – superior antibacterial honey produced by bees pollinating on melaleuca tea trees

 Strongly positioned to disrupt the large and growing global Manuka honey market, estimated in 2015 to have a global import market of around US$2.1 b1, leveraging its established manufacturing facilities and US sales channel

 Complementary acquisition to EVE’s existing investment in medical nutrition company, Omni Innovation and in line with EVE’s position as a listed investment company with a portfolio of health focussed technology companies

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Feeling pretty darn good since my first EVE post...

Just saying

Please do your own research and stay true to what works for you

Gracie
EVE Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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