Eve & Co. Announces Cannabis Supply Agreement With Adjupharm GmbH and Provides a Corporate Update
13 Juli 2021 - 1:00PM
Eve & Co Incorporated (“Eve & Co”, “we”, “us” or the
“Company”) (TSX-V: EVE; OTCQX: EEVVF), is pleased to announce that
its wholly-owned subsidiary, Natural MedCo Ltd. (“NMC”) has
successfully entered into a Cannabis Supply Agreement (the
“Agreement”) with Adjupharm GmbH (“AP”), an importer, exporter and
distributor of para-pharmaceutical, medicinal and narcotics,
headquartered in Bad Oldesloe, Germany.
Under the initial three-year agreement, AP is
expected to order up to 660 kilograms of NMC’s dried and
gamma-irradiated cannabis flowers. AP will distribute the products
into the German market. AP is a leading certified medical cannabis
distributor in the European Union. As a patient-first company and
trusted partner of the global medical community, AP is focused on
partnering with the best-in-class producers of the highest-quality
medical cannabis strains to satisfy the requirements of their
clients.
“We are very excited to have the opportunity to
work with such a well-established and diverse pharmaceutical
company as Adjupharm for distribution of our products and to
support Adjupharm as one of the leading providers of medical
cannabis in Germany,” commented Melinda Rombouts, President and
Chief Executive Officer at Eve & Co.
The Company also announces that Ivan Ross Vrána
has departed from his role as the Company’s Vice President,
Governmental Relations and Business Development to pursue other
interests. The Company’s Board of Directors would like to thank Mr.
Vrána for his invaluable contributions to the Company since May
2019.
ABOUT EVE & CO
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 extraction of cannabis oil and has received EU
GMP certification. Natural MedCo Ltd. was Canada’s 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
licensed 1,000,000 sq. ft. greenhouse located in Strathroy,
Ontario.
The Company’s website can be visited at
www.evecannabis.ca
The TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release includes statements containing
certain “forward-looking information” within the meaning of
applicable securities law (“forward-looking statements”).
Forward-looking statements are frequently characterized by words
such as “plan”, “continue”, “expect”, “project”, “intend”,
“believe”, “anticipate”, “estimate”, “may”, “will”, “potential”,
“proposed” and other similar words, or statements that certain
events or conditions “may” or “will” occur, and include, but are
not limited to, the production and sale of bath bombs by the
Company, whether sales of bath bombs will occur, if any at all, or
recur and the timing thereof. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guaranteeing of
future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and
results may differ materially from those expressed in these
forward-looking statements and readers should not place undue
reliance on such statements. Forward-looking statements are subject
to a variety of risks, uncertainties and other factors that
management believes to be relevant and reasonable in the
circumstances could cause actual events, results, level of
activity, performance, prospects, opportunities or achievements to
differ materially from those projected in the forward-looking
statements, including general business and economic conditions,
changes in laws and regulations, product demand, changes in prices
of required commodities, competition, the effects of and responses
to the COVID-19 pandemic and other risks, uncertainties and factors
set out under the heading “Risk Factors” in the Company’s
management’s discussion and analysis dated May 31, 2021 (the
“MD&A”) and filed with Canadian securities regulators available
on the Company’s issuer profile on SEDAR at www.sedar.com. The
Company cautions that the list of risks, uncertainties and other
factors described in the MD&A is not exhaustive and other
factors could also adversely affect its results. Readers are urged
to consider the risks, uncertainties and assumptions carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such information. These forward-looking
statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update them publicly to
reflect new information or the occurrence of future events or
circumstances unless otherwise required to do so by law.
For further information, please contact: |
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Melinda RomboutsPresident and Chief Executive OfficerEve & Co
IncorporatedTelephone: (855) 628-6337 |
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Rory TaylorInterim Chief Financial OfficerEve & Co
IncorporatedTelephone: (855) 628-6337 |
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