Eve & Co Incorporated (“Eve & Co” or the “Company”) (TSX-V: EVE; OTCQB: EEVVF) is pleased to announce that Eve & Co, through its wholly-owned subsidiary Natural MedCo Ltd. (“NMC”), has entered into an $18,700,000 construction facility with Royal Bank of Canada (the “Lender”) to fund the completion of the 780,000 sq. ft. expansion of its greenhouse production facility located in Middlesex County, Ontario. After completion of the expansion which is expected by the end of Q2 2019, it is contemplated that the construction facility will be replaced with a non-revolving term facility. Interest on the facilities will float at a rate of 1.00% per annum above the Lender’s prime lending rate, which currently is 3.95% per annum.
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