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TICKERS: VIV

Developer of Animal Nutrition Supplements to Form JV for Online Product Sales
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Source:

The new partner has expertise in online marketing and e-commerce.

Avivagen Inc. (VIV:TSX.V) announced in a news release it agreed to form a joint venture with Mimi's Rock Corp. to sell nutritional supplements for cats and dogs online.

Mimi's Rock is an online dietary supplement and wellness company operating under the Dr. Tobias brand and selling successfully on Amazon.com.

"Mimi's Rock has cracked the code of customer engagement and service to the next level," Avivagen CEO Kym Anthony said in the release.

Per the agreement, Avivagen will supply its products, including its proprietary OxC-beta brand, to Mimi's Rock. The e-tailer will then market and sell them through its online global channels. Avivagen will only sell its nutritional supplements for cats and dogs online through Mimi's Rock.

Sales will be transacted through a newly formed, co-owned joint venture corporation. The two companies will split the profits evenly.

"We estimate that online sales of products for pets is a $10.5 billion per year market globally, and we believe that Avivagen's OxC-beta technology will offer our customers unique, rigorously tested and scientifically backed products for the best care of their pets," Mimi's Rock CEO Dave Kohler said in the release.

The joint venture is targeting Q1/20 for its first product launch.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Avivagen. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Avivagen. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Avivagen, a company mentioned in this article.





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