Key Points from 2020 Q2 filed August 17, 2020.
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Posted On: 08/18/2020 8:16:20 PM
Key Points from 2020 Q2 filed August 17, 2020.
Business
Seeking to build a portfolio of highly profitable enterprises that offer year-round services such as full-service pest control management with an emphasis on non-fumigation termite control and prevention.
Has already secured many local municipal pest control contracts.
In July 2019 secured a relationship with Native American Pride Constructors LLC to aggressively pursue Federal government business in the areas of pest control, landscape management and high-level environmental clean-up services.
In May 2019 commenced a full-blown Hemp operation - beginning with seed germination and then also transplanting of over 12,000 hemp plants into 10 acres of farmland located in Beaver Dam, WI.
40% of the 2019 crop hemp biomass sits in the queue at Mason Jar Organics a full processing facility located in Plymouth, WI.
$EVSV has invested a total of $250,000 into the processing facility in Plymouth which has an equity stake of up to 7% and the legal ownership of certain high-end processing equipment located at the Plymouth facility.
$EVSV does not expect revenues to be generated from the 2019 hemp harvest until late Q4 2020.
As at June 30, 60% of the 2019 hemp flower/biomass had been processed into high quality winterized crude oil.
The remaining 40% will be converted to crude oil by the later part of Q3.
For 2020, seeds successfully planted at Beaver Dam, WI.
3,000 CBG hemp plants - of which 25% are auto flower variety - will be harvested in September.
Remaining plants will be harvested in mid to late October 2020.
Also successfully transplanted 8,200 CBD clones at 2nd farm located near Fond du Lac, WI.
Key factors for delay in hemp monetization and processing was waiting for key processing equipment sourced in China subject to COVID-19 shipment holdups.
Will be making key decisions during this quarter regarding the processing of the hemp biomass for the usage of CBD oil vs. smokable flower and what percentage will be used towards both.
Principal methods of competition in the Company’s pest and termite control business are quality of service and guarantees, including service quality, product availability, terms of guarantees, and reputation for safety, technical proficiency and price.
As pest control services represent discretionary spending and as such have been adversely affected by the COVID-19 situation, $EVSV has applied for - and is yet to receive - PPP funding or small business loan assistance.
For full details of Risk Factors, Accounting Policies, Prior Period Adjustment,
Use of Estimates, Accrual for Termite Contracts, Revenue Recognition and
Depreciation and Amortization - consult the original document.
Pest Control:
Net Profit for 6 months ending June 30, 2020: $11,890 [compared to loss of $13,265 for 6 months ending June 30, 2019 - improved by $25,155 after all expenses paid].
Hemp:
Net Loss for 6 months ended [before sale of 2019 crop which will be in Q4]: $35,100
Cash - End of Period: $40,394 [compared to $23,941 - up $16,453]
In summary, due to the frequent updates that have been provided by the CEO, the only significant new information in the Q2 Report is:
- 60% of 2019 crop processed by June 30, 2020.
- 40% of 2019 crop awaiting processing as at June 30, 2020.
- Monetization of 2019 crop will be by end 2020 Q4.
- 25% of 2020 WI crop from Beaver Dam will be harvested in September.
- Remainder of 2020 WI crop will be harvested in October.
Business
Seeking to build a portfolio of highly profitable enterprises that offer year-round services such as full-service pest control management with an emphasis on non-fumigation termite control and prevention.
Has already secured many local municipal pest control contracts.
In July 2019 secured a relationship with Native American Pride Constructors LLC to aggressively pursue Federal government business in the areas of pest control, landscape management and high-level environmental clean-up services.
In May 2019 commenced a full-blown Hemp operation - beginning with seed germination and then also transplanting of over 12,000 hemp plants into 10 acres of farmland located in Beaver Dam, WI.
40% of the 2019 crop hemp biomass sits in the queue at Mason Jar Organics a full processing facility located in Plymouth, WI.
$EVSV has invested a total of $250,000 into the processing facility in Plymouth which has an equity stake of up to 7% and the legal ownership of certain high-end processing equipment located at the Plymouth facility.
$EVSV does not expect revenues to be generated from the 2019 hemp harvest until late Q4 2020.
As at June 30, 60% of the 2019 hemp flower/biomass had been processed into high quality winterized crude oil.
The remaining 40% will be converted to crude oil by the later part of Q3.
For 2020, seeds successfully planted at Beaver Dam, WI.
3,000 CBG hemp plants - of which 25% are auto flower variety - will be harvested in September.
Remaining plants will be harvested in mid to late October 2020.
Also successfully transplanted 8,200 CBD clones at 2nd farm located near Fond du Lac, WI.
Key factors for delay in hemp monetization and processing was waiting for key processing equipment sourced in China subject to COVID-19 shipment holdups.
Will be making key decisions during this quarter regarding the processing of the hemp biomass for the usage of CBD oil vs. smokable flower and what percentage will be used towards both.
Principal methods of competition in the Company’s pest and termite control business are quality of service and guarantees, including service quality, product availability, terms of guarantees, and reputation for safety, technical proficiency and price.
As pest control services represent discretionary spending and as such have been adversely affected by the COVID-19 situation, $EVSV has applied for - and is yet to receive - PPP funding or small business loan assistance.
For full details of Risk Factors, Accounting Policies, Prior Period Adjustment,
Use of Estimates, Accrual for Termite Contracts, Revenue Recognition and
Depreciation and Amortization - consult the original document.
Pest Control:
Net Profit for 6 months ending June 30, 2020: $11,890 [compared to loss of $13,265 for 6 months ending June 30, 2019 - improved by $25,155 after all expenses paid].
Hemp:
Net Loss for 6 months ended [before sale of 2019 crop which will be in Q4]: $35,100
Cash - End of Period: $40,394 [compared to $23,941 - up $16,453]
In summary, due to the frequent updates that have been provided by the CEO, the only significant new information in the Q2 Report is:
- 60% of 2019 crop processed by June 30, 2020.
- 40% of 2019 crop awaiting processing as at June 30, 2020.
- Monetization of 2019 crop will be by end 2020 Q4.
- 25% of 2020 WI crop from Beaver Dam will be harvested in September.
- Remainder of 2020 WI crop will be harvested in October.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.