Over the course of the past few years, the blockchain industry has grown by leaps and bounds due to the use cases in the real world. Many companies are now using blockchain for its businesses and one of those is Evio Inc (OTCMKTS:EVIO).
Trading Data
On Monday, EVIO stock ended flat at $0.0005 with more than 154.05 million shares, compared to its average volume of 175.33 million shares. The stock has moved within a range of $0.0004 – 0.0005 after opening trade at $0.0005.
Announces Major Blockchain Partnership with Chroma Signet
Yesterday, the company came on to the radars of investors after it announced that it was going to provide its customers with a blockchain verification service with regards to cannabis, CBD, hemp and a range of other products. The company noted that it was going to offer these services to the customers thanks to a partnership with the firm Chroma Signet.
The announcement came as a source of excitement for investors and the Evio stock continued on its upward move yesterday. The stock has managed to clock gains of as much as 25% over the course of the past week and has emerged as one of the notable gainers in the cannabis sector during the period.
The blockchain product developed by Chroma Signet is designed in such a way that cannabis firms can take care of the safety of their products through a quick and dependable authentication process. It remains to be seen if the Evio stock can manage to add to its gains today.
Key Quote
Lori Glauser, CEO says “For years, the cannabis and hemp/CBD industry has been challenged with product authentication. Improper tracing of genetics, arbitrary assignment of strain names, and counterfeit test results that cause both commercial and safety concerns. The EVIO-Chroma Signet partnership will help solve these problems. This marks EVIO’s first step towards its broader plan to enter into the blockchain space.”
