STTCOMP EVE FA LONG
MC approx. $14m
Cash approx.$260k last quarterly + $1.2m CR done in early October = $1.46m
What's interesting is:
Director participation in CR of $110,000
$500k investment by existing shareholder and Chinese pharmaceutical and traditional medicine group – TRT Investments Pty Ltd in last CR
"TRT has a well-developed, extensive distribution network throughout China and its participation in this capital raising to increase its stake in Eve Investments represents a desire to access Omni Innovation and Meluka Health’s product mix for its distribution network." from 6.10.17 announcement
From today's announcement:
"Medic Honey has completed formulation and production of Australia’s first 100% organic Hemp Seed Honey".
The product will be sold under Medic Honey’s ‘Meluka’ brand and will be ready for wholesale distribution by the end of this year.
Direct consumer distribution will be commenced in quarter one of 2018.
Also, we already have US distributor: "The Hemp Seed Honey will be marketed into the US by distribution company Naturally Australian Products (NAP) to wholesalers and manufacturers. NAP has been appointed Medic Honey’s US distributor."
TRT may be appointed as China's distributor, going by the previous announcements.
Plenty of news-flow in coming weeks.
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