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 Money - Morning Dispatcher

Volkswagen says it will pay Indian fine even as it appeals

Jan 18, 2019

NEW DELHI — Volkswagen Group said Friday that it will pay a fine of 1 billion rupees ($14.2 million) imposed by India for installing software on vehicles that allegedly cheated pollution testing devices, though it is still appealing the order. The company said it has challenged the National Green Tribunal's order in India's top court. Company spokesman Gagan Mangal declined to say Friday whether the company had transferred the money to India's Central Pollution Control Board. The panel set Friday as the deadline for payment. The company said in a statement that all Volkswagen cars were compliant with emission regulations...

UN says chief truce monitor in Yemen safe after shooting

Jan 18, 2019

SANAA, Yemen — The head of the U.N. mission In Yemen charged with monitoring a cease-fire between rival forces in a key port city was leaving a meeting with government representatives Thursday when a U.N.-marked armored vehicle in his convoy was hit with one round of small arms fire, the spokesman for the world body said. Stephane Dujarric told reporters at U.N. headquarters in New York that "we do not have information as to the source of the fire" in the Red sea port city of Hodeida. Retired Dutch Maj. Gen. Patrick Cammaert was not in the vehicle that was...

Saudi women runaways rebel against system of male control

Jan 18, 2019

DUBAI, United Arab Emirates — Another Saudi woman has turned to social media for protection from her father, just days after Canada granted refuge to Rahaf al-Qunun, the 18-year-old Saudi who fled her family. Identified only as Nojoud al-Mandeel on Twitter, her case differs from that of al-Qunun. She has not fled the kingdom, has not revealed her face and has only made her pleas for help on Twitter in Arabic. While their circumstances are different, the claims of abuse by the two women mirror those of other female Saudi runaways who have used social media to publicize their escapes....

Shah of Iran modernized his nation but vacillated in crisis

Jan 18, 2019

DUBAI, United Arab Emirates — At the height of his power in 1971, Iran's Shah Mohammad Reza Pahlavi drew world leaders to a wind-swept luxury tent city, offering a lavish banquet of food flown in from Paris to celebrate 2,500 years of Persian monarchy in the ruins of Persepolis. Only eight years later, his own empire would be in ruins. The fall of the Peacock Throne and the rise of the Islamic Revolution in Iran grew out of the shah's ever-tightening control over the country as other Middle East monarchies toppled. While successfully riding rising oil prices in the 1970s,...

Iran satellite fails to reach orbit in US-criticized launch

Jan 18, 2019

TEHRAN, Iran — An Iranian satellite-carrying rocket blasted off into space Tuesday, but scientists failed to put the device into orbit in a launch criticized by the United States as helping the Islamic Republic further develop its ballistic missile program. After the launch, Secretary of State Mike Pompeo repeated his allegation that Iran's space program could help it develop a missile capable of carrying a nuclear weapon to the mainland U.S., criticism that comes amid the Trump administration's maximalist approach against Tehran after withdrawing from the nuclear deal. Iran, which long has said it does not seek nuclear weapons, maintains...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress