NetworkNewsBreaks – EVIO, Inc. (EVIO) Posts Fiscal Q2 2018 Financial Results

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced financial and operating results for the quarter and six months ended March 31, 2018. Among other highlights, the company reported revenue for the second quarter of $732,311, a decrease of $56,415 or 12.1% from the second quarter last year. Revenue from the six months ending March 31, 2018, however, was $1,679,176, an increase of $177,997 or 11.9% from the same period in 2017. “EVIO’s second quarter focused greatly on broadening the company’s portfolio. With our recent private placement of $5.973 million, we expanded the company’s footprint by acquiring additional labs, namely in California, a market that we have identified as having unparalleled potential,” EVIO CEO William Waldrop stated in the news release. “We expect the state of California to enforce mandated compliance testing by July 1, 2018. With operational facilities in both Humboldt and Berkeley and the goal of further expansion into the state, we feel like EVIO is well-positioned to meet California’s demand for cannabis testing. Another significant milestone was our entrance into the Canadian market and launched EVIO Canada with the acquisition of Keystone Labs ahead of the country’s legalization of adult recreational use this summer.”

To view the full press release, visit http://nnw.fm/7usF1

About EVIO, Inc.

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. EVIO is on track to have 18 of its state-of-the-art testing facilities by year-end 2018. For more information, visit www.EvioLabs.com

More from NetworkNewsBreaks

NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Subsidiary Enters Manufacturing and Supply Agreement in California NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) JV Completes Setup of 10,000 sq. ft. Greenhouse Space NetworkNewsBreaks – FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRA: TQ42) Announces Digital User Acquisition Initiatives

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From Daily Tech Geek

Observers: India temple protest support a bid for votes

Oct 19, 2018

NEW DELHI — India's ruling party and the main opposition are both supporting a protest blocking women from entering one of the world's largest Hindu pilgrimage sites, in what political observers said is a bid to court voters in the country's south ahead of a general election due next year. Busloads of Hindu women and girls traveled through the dense jungle of the Periyar Tiger Reserve in Kerala, India's southernmost state, to enter the hilltop Sabarimala temple that a Supreme Court ruling opened to them this week for the first time in centuries. But throngs of male devotees defied the...

Protesters stop females ages 10 to 50 from entering temple

Oct 19, 2018

NEW DELHI — A temple in southern India and one of the world's largest Hindu pilgrimage centers opened its doors to females of menstruating age on Wednesday to comply with a Supreme Court ruling, but women weren't able to enter as hundreds of protesters fought street battles with police to keep them out. As the gates of the Sabarimala temple were flung open, a crowd of male devotees surged toward the temple. About 1,000 police used batons to try to control the protesters, who attacked them with stones and damaged police and TV vehicles and bullied female devotees to turn...

Payments companies hit deadline for keeping data in India

Oct 19, 2018

SRINIGAR, India — Global credit card and payments companies like American Express, Visa and MasterCard are facing a challenge in meeting a requirement to store transaction data for all Indian customers within the country. A new rule took effect Tuesday that directs payment companies to store all transaction data on computers inside the country. Enacted in April by the Reserve Bank of India, the law gave payment companies six months to ensure transaction data of Indian customers was kept within the country to "ensure better monitoring" and "unfettered supervisory access to data." However, the directive clarified that data for foreign...

Deaths spark calls in Nepal for better warning systems

Oct 19, 2018

KATHMANDU, Nepal — The bodies of five South Korean climbers killed in a fierce storm last week on a mountain in Nepal were set to head home Tuesday amid calls to improve weather warning systems on Nepal's mountains. Mountaineers and officials gathered at Tribhuvan University Teaching Hospital in Kathmandu offering flowers and burning incense by the bodies, which were kept in wooden coffins. The bodies were driven to the airport and were set to be flown to Seoul, South Korea's capital, later Tuesday. Officials said they would push the government to improve the weather warning systems to prevent disasters and...

Recovery of Nepal climbers delayed by mountain's remoteness

Oct 19, 2018

KATHMANDU, Nepal — Rescuers hampered by difficult, remote terrain took two days to recover the bodies of nine climbers, including one of the world's best, who hoped to map a new route to a Himalayan peak in Nepal that hasn't been scaled in eight years. Local police chief Bir Bahadur Budamagar said a group of villagers reached the climbers' devastated campsite on Saturday on Gurja Himal, a less-popular but pristine mountain in the shadow of Dhaulagiri, the world's seventh-highest peak and a day's walk from the nearest village. The climbers included Kim Chang-ho, the first South Korean to summit all...

About Us

Daily Tech Geek delivers Technology news only covering the multiple fields in the industry.

Contact us: sales[at]dailytechgeek.com

Subscribe Now!