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CannabisNewsBreaks – EVIO, Inc. (EVIO) Increases Testing Capacity through Acquisition

Company: EVIO, Inc. (EVIO)
Category: Stock Spotlights

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, recently executed an asset purchase agreement to acquire 100 percent of Leaf Detective, LLC, a California-based testing laboratory. An article discussing the company reads: “In terms of the agreement, EVIO will form a new entity, EVIO Labs Humboldt, to purchase all of Leaf Detective’s business assets for a total consideration of $500,000 in the form of a Convertible Promissory Note, which is convertible at $1.25 per share. The purchase includes brand, customer lists and contracts, rental agreements, equipment and equipment leases. … Leaf Detective is Humboldt County’s first licensed cannabis testing facility. The laboratory specializes in analytical testing for medical marijuana dispensaries, cannabis manufacturers, producers and consumers. It is an independently owned and operated testing facility that is dedicated to providing timely and accurate test results.”

To view the full article, visit http://cnw.fm/7ev1C

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 the company’s website at www.EvioLabs.com

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