In This Article:
Few self-made entrepreneurs have launched a multimillion-dollar business with nothing to lose, and within five years secured a partnership with one of the biggest cannabis companies in the world.
That mindset is what Evio Beauty Group founder and CEO Brandi Leifso said motivated her to start a grassroots cosmetics company while living in a domestic violence shelter.
“When I started, my life looked drastically different,” Leifso told Yahoo Finance. “When you’re in those situations, you have nothing to lose.”
Since launching her company, Leifso has grown a handful of artisanal makeup products into a thriving cosmetics brand, and entered into an agreement with Aurora to produce a line of CBD-infused skin care products.
‘A reprieve from what was going on in my life’
Starting the business, Leifso said, has been one of her smallest challenges.
“It was something for me to work on that excited me, that was a reprieve from what was going on in my life,” she said.
Leifso’s being modest about her risk. She did have something to lose – exactly $15 that she spent on a portfolio to create the first ideation of her cosmetics line, rather than on essentials like food and a permanent place to call home.
“I photo-shopped a catalog of makeup products by Googling ‘lip gloss’ and ‘eye-shadow’ and putting my own logo on them,” she said. “And then I shopped that catalogue around to local boutiques.”
Skeptics told her she was crazy. She had dropped out of school at 14 years old, had no business training, and spent valuable time creating concepts in a saturated, then $460 billion, cosmetics industry when she could have been looking for a job.
“Why create a cosmetics line that didn’t exist?” her skeptics asked.
“I was very much in survival mode,” Leifso said.
Her first “yes” came from Unity Clothing, a Northern Vancouver boutique that placed an order under the company’s former name, Evelyn Iona Cosmetics, for Leifso’s conceptual line of eye shadows, lip-glosses, lipsticks, mascara, bronzers, and blushes.
“That was before we had an actual product. They had purchased it, pre-ordered it, and we had it delivered to them in three months,” Leifso said. “We, as in, me. It was a one-woman show at the time.”
The partnership with Aurora
Today, Evio is projecting $5 million in annual sales, and has attracted investment not only from Aurora but also from Hunter Amenities, a major manufacturer of personal care products used in hotels, and from Canadian venture firm, Breakwater Venture Capital. In its venture with Aurora Cannabis (ACB), Evio will use cannabis to reduce its products’ impact on the environment, as well as infuse the much hyped ingredient cannabidiol, or CBD, into Evio-branded skin care.