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Earth Alive Clean Technologies Inc. (EAC.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1150-0.0050 (-4.17%)
As of 10:14AM EDT. Market open.
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Previous Close0.1200
Open0.1200
Bid0.1150 x N/A
Ask0.1200 x N/A
Day's Range0.1150 - 0.1200
52 Week Range0.0800 - 0.1800
Volume4,500
Avg. Volume263,654
Market Cap27.771M
Beta (5Y Monthly)1.13
PE Ratio (TTM)N/A
EPS (TTM)-0.0070
Earnings DateNov. 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Earth Alive Reports 2020 Fourth Quarter and Year-End Financial Results
    GlobeNewswire

    Earth Alive Reports 2020 Fourth Quarter and Year-End Financial Results

    MONTREAL, April 30, 2021 (GLOBE NEWSWIRE) -- Earth Alive Clean Technologies Inc. (TSXV: EAC) (“Earth Alive” or the “Company”), a Canadian soil health company that develops and manufactures advanced microbial technology products, this morning reported results for the four and twelve-month periods ended December 31, 2020. All financial information herein is in Canadian dollars unless otherwise noted. Business Highlights Following a successful test during the fourth quarter of 2019 in South Africa, Earth Alive completed two additional trials with the same customer at large open-pit mining operations in Brazil and Chile, with a fourth one scheduled to begin in another mine in South Africa in May 2021.In August 2020, Earth Alive received confirmation from the California Department of Food & Agriculture that it had approved Soil Activator for sale in the state and in early 2021, Soil Activator also received California Department of Food and Agriculture (“CDFA”) registration under the Organic Input Material Program. Full-Year 2020 Financial highlights Revenues increased by 27.6%, to $2,779,902 driven in great part by the Infrastructure & Maintenance segment due to strong momentum in existing commercial business as well as new field test activity.The Agriculture segment drove a significant increase in the company’s gross margin, to 28.2% compared to 22.3% in 2019.Operating expenses decreased to $2,181,104, compared to $3,020,739 in the previous year partly due to the absence of the provision related to the write-off of customer receivables in 2019 and of costs incurred in connection with equity financing activities, also in 2019, combined with lower sales and marketing expenses in 2020. Fourth Quarter 2020 Financial highlights Revenues increased to $667,271 compared to $657,890 in 2019, while maintaining margins compared same period last year.Fourth quarter revenues were slightly lower than the $700,000 to 800,000 range previously anticipated for the period due to the timing of certain Infrastructure & Maintenance revenues and, to a lesser extent, by a stronger than anticipated Canadian currency relative to the US dollar.Total operating expenses for the fourth quarter decreased to $485,953 compared to $995,798 in the same period in 2019. Subsequent Events On February 26, 2021 Earth Alive completed a $5 million non-brokered private placement at a price of $0.115 per unit for 43,478,261 units.On March 30th Earth Alive announced a US$500,000 purchase order for its proprietary ea1TM dust suppressant (“ea1”), the fourth consecutive order since November 2018 by this customer for its mine located in Mexico. “While fourth quarter revenues were slightly weaker than expected, as the impact of the seasonal slowdown was compounded by COVID-related issues affecting our customers, future prospects for Earth Alive remain strong given our current sales pipeline with various mining groups”, said Michael Warren, President and Chief Executive Officer. “The $5 million financing completed in February has given Earth Alive the ability to add much needed resources to capture additional sales and accelerate the execution of our business plan.” “Our Company has continued to grow during the most recent fiscal year despite the very difficult operating environment brought about by the global pandemic”, said Robert Blain, Chairman of the board of directors. “Now, with the recently completed financing, Earth Alive has a strong balance sheet and is better positioned than it has ever been to capitalize on value creating opportunities”. Earth Alive Consolidated Financial Statements and Management's Discussion and Analysis for the fourth quarter ended December 31, 2020 are available on SEDAR at www.sedar.com and on our website at www.earthalivect.com. About Earth Alive Clean Technologies Earth Alive is a soil health company and an industry leader in microbial technologies. Earth Alive’s innovative products contribute to regenerative agriculture, natural dust suppression with minimal water use and industrial cleaning that is ecological and human friendly. For additional information, please visit: www.earthalivect.com. Forward-Looking Information: Certain information in this press release contains forward-looking information and forward-looking statements, which reflect the current view of management with respect to the Company's objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, the words "may", "will”, "anticipate", "intend", "estimate", "expect", "plan", "believe" and similar expressions identify forward-looking information and forward-looking statements. Forward-looking information and forward-looking statements should not be regarded as a guarantee of future events, performance or results, and will not necessarily be an accurate indication of whether, or the times at which, such events, performance or results will be achieved. All of the information in this press release containing forward-looking information or forward-looking statements is qualified by these cautionary statements. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and forward-looking statements and are cautioned not to place undue reliance on such information and statements. The Company does not undertake to update any such forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. Neither 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. Earth Alive Clean Technologies Inc.9641 rue ClementLasalle, Québec CanadaH8R 4B4Tel.: +1 (438) 333-1680www.earthalivect.com For more information contact:Mr. Michael WarrenEmail: mwarren@earthalivect.comTel: +1 (514) 941-7350

  • Earth Alive Receives Follow-on US$500,000 Purchase Order for ea1ᵀᴹ Dust Suppressant from customer in Mexico
    GlobeNewswire

    Earth Alive Receives Follow-on US$500,000 Purchase Order for ea1ᵀᴹ Dust Suppressant from customer in Mexico

    MONTREAL, March 30, 2021 (GLOBE NEWSWIRE) -- Earth Alive Clean Technologies Inc. (TSXV: EAC – “Earth Alive” or the “Company”), a Canadian soil health company that develops and manufactures advanced microbial technology products, today announced that it has received a purchase order in the amount of US$500,000 for its proprietary ea1ᵀᴹ dust suppressant (“ea1”) from a leading global mining company. “This is the fourth consecutive order by this important customer for its mine located in Mexico and we believe this repeat business is further confirmation of the tangible benefit our customers get from the adoption of ea1”, said Earth Alive CEO, Michael Warren. “We are excited about the future growth prospects for ea1, both with current customers as well as with our growing number of trial customers.” This order is expected to be shipped by the end of the second quarter. About Earth Alive Clean TechnologiesEarth Alive aims to be a key player in world markets of environmentally sustainable industrial solutions. The Company works with the latest innovations in microbial technology to formulate and patent innovative products that can tackle the most difficult industrial challenges, once only reserved to environmentally harmful chemicals and additives. The Company is focused on environmental sustainability in the agriculture industry and dust control for the mining industry. For additional company information, please visit: www.earthalivect.com. Forward-Looking Information: Certain information in this news release contains forward-looking information and forward-looking statements which reflect the current view of management with respect to the Company's objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, the words "may", "will", "anticipate", "intend", "estimate", "expect", "plan", "believe" and similar expressions identify forward-looking information and forward-looking statements. Forward-looking information and forward-looking statements should not be reads as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the times at which, such events, performance or results will be achieved. All of the information in this news release containing forward-looking information or forward-looking statements is qualified by these cautionary statements. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and forward-looking statements and are cautioned not to place undue reliance on such information and statements. The Company does not undertake to update any such forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. Earth Alive Clean Technologies Inc. 9641 rue Clément Lasalle (Qc) Canada H8R 4B4T.(438) 333-1680For information, please contact:Mr. Michael Warren(e) mwarren@earthalivect.com(p) 514-941-7350

  • Earth Alive Announces Closing of $5 Million Private Placement
    GlobeNewswire

    Earth Alive Announces Closing of $5 Million Private Placement

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Earth Alive Clean Technologies Inc. (TSXV: EAC – “Earth Alive” or the “Company”), a Canadian soil health company that develops and manufactures advanced microbial technology products, today announced closing of a non-brokered private placement (the “Offering”) of units (the “Units”). The Company issued 43,478,261 Units at a price of $0.115 per Unit for gross proceeds of $5 million. Each Unit consists of one common share of the Company (“Share”) and one common share purchase warrant of the Company (“Warrant”). Each Warrant entitles its holder to subscribe for one Share at a price of $0.25 per Share, until February 25, 2024. Each Warrant is subject to an accelerated expiry clause pursuant to which if, at any time after October 31, 2021, the closing trading price of the Shares on the TSX Venture Exchange is equal to or superior to $0.45 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of Warrants and the Warrants will expire at 5:00 p.m. (Montréal Time) 30 days after such notice. “The Offering book was primarily comprised of European businesspersons and investors, directly or through related entities, including Messrs. Robert Taub, Eric Swenden, Christian Dumolin, Juergen Hambrecht, Vladimir Cardon de Lichtbuer and Nikolaos Sofronis,” said Michael Warren, President and CEO of Earth Alive. “Our new shareholders have strong business relationships in Europe, across the Atlantic and around the globe. With their support and these additional financial resources, we believe that Earth Alive is better positioned than ever to capitalize on its substantial pipeline of tangible, near term business opportunities.” The Corporation intends to use the net proceeds from the Offering to grow the size of its team, to fund operational projects and the growth of the business, and for general corporate purposes. In connection with the Offering, the Company issued 2,065,217 Units to a finder as compensation. The Warrants forming part of the Units issued to such finder have the same terms as the Warrants underlying other Units issued pursuant to the Offering, except that such Warrants are non-transferable. All securities issued in connection with the Offering are subject to a statutory hold period until June 26, 2021. The securities offered pursuant to the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Earth Alive Clean Technologies Earth Alive aims to be a key player in world markets of environmentally sustainable industrial solutions. The Company works with the latest innovations in microbial technology to formulate and patent innovative products that can tackle the most difficult industrial challenges, once only reserved to environmentally harmful chemicals and additives. The Company is focused on environmental sustainability in the agriculture industry and dust control for the mining industry. For additional company information, please visit: www.earthalivect.com. Forward-Looking Information: Certain information in this news release contains forward-looking information and forward-looking statements which reflect the current view of management with respect to the Company's objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, the words “will”, “anticipate”, “intend”, “aim”, “believe” and similar expressions identify forward-looking information and forward-looking statements and include, but are not limited to, statements about the Company’s anticipated use of proceeds of the Offering and the Company’s position and pipeline of tangible, near term business opportunities. Forward-looking information and forward-looking statements should not be reads as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the times at which, such events, performance or results will be achieved. All of the information in this news release containing forward-looking information or forward-looking statements is qualified by these cautionary statements. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and forward-looking statements and are cautioned not to place undue reliance on such information and statements. The Company does not undertake to update any such forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. Earth Alive Clean Technologies Inc.For information, please contact:9641 rue Clément Mr. Michael WarrenLasalle (Qc) Canada(e) mwarren@earthalivect.comH8R 4B4(p) 514-941-7350T. (438) 333-1680 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.