Ann: Eve Invests in Pioneering Cannabis Honey & Tea Tree Oil Co, page-24

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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