July 11th, 2018: Aurora Cannabis And Evio Beauty Group Agree To Strategic Partnership
Aurora Cannabis Inc. continues their aggressive partnership and acquisition this week with involvements in the cannabis & hemp beauty market. The company announced partnership with Evio Beauty Group to develop a line of co-branded hemp seed oil cosmetic products as well as a collection of CBD infused cosmetic products. As stated in the press release, “The partnership between Evio Beauty and Aurora is aimed at creating a new line of approved hemp seed oil based product formulations, as well as approved CBD based products. Aurora and Evio Beauty anticipate that the partnership will result in greater brand recognition and cross-selling opportunities to customers of both companies.”
In addition, the company is planning to work with CannaRoyalty, as well as Wagner Dimas to infiltrate the pre-roll cannabis production market. As stated in the press release, Aurora Cannabis believes that the pre-roll market segment is a high-volume, higher-margin opportunity. Under the terms of the agreement, Aurora and Wagner Dimas will form a new Canadian entity to which Wagner Dimas has agreed to assign intellectual property with exclusive rights to Aurora.
Close of July 13th, 2018: $8.62 (-0.63) (-6.81%)
Volume: 23,475,000 (+7,111,000) (+43.45%)
Support Levels: $8.51, $7.93, $7.17
Resistance Levels: $9.52, $10.26, $10.72