PHOENIX, Ariz., Aug. 27, 2018 (GLOBE NEWSWIRE) — EVIO Inc. (OTCQB:EVIO) (the “Company”) announced CEO, William Waldrop’s interview on Uptick Newswire’s “Stock Day” Podcast.
Everett Jolly began the interview by welcoming back EVIO’s CEO William Waldrop for a Company update. Jolly spotted this Company about a year ago and loves it for a variety of reasons. They’ve been busy since last being on the show in April 2018, having completed some acquisitions, agreements, retiring convertible debt and adding a new Board member.
Waldrop said, “We have a commitment to our shareholders and to the industry. We’re here to provide compliance testing. . .We’re working to position ourselves to ensure that we have sufficient labs so that the supply chain doesn’t get bottlenecked.”
Some key issues are how we can consolidate in a market that’s beginning to mature. EVIO Labs acquired MRX Labs, an award-winning lab in Tigard, Oregon. By combining the EVIO Labs Portland location to the Tigard location, they’ll be able to save over $300,000 per year on the bottom line.
Along with their Berkeley and Humboldt locations in Northern California, EVIO Labs has three locations in Southern California for which they have signed leases: Palm Desert, Los Angeles and Costa Mesa, but Palm Desert is their number one focus right now and they’re in the final licensing phase and will continue to move forward through the 4th Quarter of this year.
Canada is looking to improve its rules to mandate independent testing for all the license producers with recreational cannabis becoming legal in October 2018. EVIO Canada has partnered and acquired Edmonton’s Keystone Labs, with the goal of becoming the premier testing provider up in Canada.
In closing, Jolly said he believes the Company is grossly undervalued. Waldrop restated that the key element is that they’re in a growth industry and opportunities are abundant.
For more information about the Company’s financial details, listen to the full interview at the link below.
About EVIO Labs Inc. (EVIO):
EVIO Inc. is a leading provider of cannabis testing and scientific research for the regulated cannabis industry. The Company‘s EVIO Labs division operates coast-to-coast providing state-mandated ancillary services to ensure the safety and quality of the nation‘s cannabis supply. The Company‘s EVIO Biosciences Division is dedicated to the scientific, medical and psychosocial exploration of clinical cannabis, cannabinoids and the endocannabinoid system.
EVIO Labs Inc.
62930 O. B. Riley Rd
Bend, OR 97703
Safe Harbor Act and Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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