EVIO, Inc. (EVIO) Strengthens Position as Leading Research and Testing Provider for Cannabis Industry

  • EVIO is the leading accredited provider of analytical services for the cannabis industry
  • Increase in year-on-year revenue of 438 percent from 2016 to 2017
  • Financing of almost $6 million will fund expansion from nine to 18 labs by the end of 2018

In January 2018, life sciences company and leading provider of accredited cannabis analysis and consulting services EVIO, Inc. (OTCQB: EVIO) announced its financial results for the fiscal year ended September 30, 2017. The company generated approximately $3 million in revenue, representing a year-on-year increase of an impressive 438 percent. Currently, EVIO has nine laboratories located in five states, including Oregon, California, Colorado, Florida and Massachusetts. On February 1, 2018, the company announced that it had concluded an agreement for financing of almost $6 million. This will be used to fund EVIO’s proposed expansion of its facilities into other states and cement its leading position as a provider of critical services to the cannabis industry.

EVIO Labs provides its clients with consistent, high-quality services for analysis of cannabis products. The company has established a network of industry professionals to give its clients access to leading scientists, consulting partners and business leaders to ensure the success of their projects. EVIO has implemented rigorous quality management systems in order to ensure the accuracy and reliability of analytical methods. On February 7, 2018, the company announced that its Florida licensee, Kaycha Holdings LLC, had attained ISO 71025 accreditation, making it the first…

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