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

Latest News

US regulators target Facebook on discriminatory housing ads

Aug 18, 2018

NEW YORK — Federal regulators are alleging that Facebook's advertising tools allow landlords and real estate brokers to engage in housing discrimination. The U.S. Department of Housing and Urban Development said in an administrative complaint this week that Facebook violated the Fair Housing Act because its targeting systems allow advertisers to exclude certain audiences, such as families with young children or disabled people, from seeing housing ads. "When Facebook uses the vast amount of personal data it collects to help advertisers to discriminate, it's the same as slamming the door in someone's face," HUD Assistant Secretary Anna María Farias said...

Judge told to consider protections for Montana grayling fish

Aug 18, 2018

HELENA, Mont. — An appeals court on Friday told a judge to take another look at whether a Montana fish should be protected, saying that U.S. wildlife officials did not consider all environmental factors when they decided against designating the Arctic grayling as a threatened or endangered species. The three-judge panel of the 9th U.S. Circuit Court of Appeals reversed U.S. District Judge Sam Haddon's 2016 ruling that the U.S. Fish and Wildlife Service's decision not to list the Arctic grayling as threatened or endangered was based on the best available science. Wildlife officials' conclusion that the grayling population was...

The Latest: Tesla shares drop 9 percent after Musk interview

Aug 18, 2018

NEW YORK — The Latest on Tesla CEO Elon Musk (all times local): 4:00 p.m. Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. The company lost $5.5 billion in market value Friday. Musk admitted in an interview with the Times that the stress of running Tesla has affected his health. Musk is the public face of, and driving force behind Tesla and investors have stuck with the eccentric billionaire despite a number of controversies. Musk...

Markets Right Now: Stocks shake off wobbly start, end higher

Aug 18, 2018

NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. The stock market shook off a wobbly start and ended broadly higher on hopes that China and the U.S. were making progress on resolving their trade dispute. Industrial and health care companies posted some of the biggest gains Friday. Despite some weakness in chip companies, the technology sector managed to end higher, thanks in part to a 1.9 percent rise in Apple. After wavering for much of the day, stocks turned decisively higher after the Wall Street Journal reported that China and the U.S. hope...

Judge denies bid to block Squaw Valley ski resort project

Aug 18, 2018

RENO, Nev. — Environmentalists have lost their latest legal bid to block a major redevelopment project at a Lake Tahoe-area ski resort that hosted the 1960 Winter Olympics. Placer County Superior Court Judge Michael W. Jones rejected Sierra Watch's claims this week that the expansion of the Village at Squaw Valley would violate the California Environmental Quality Act. He ruled in favor of Squaw Valley Real Estate and Placer County's approval in November 2016 of the project's Environmental Impact Report that the opponents said was inadequate. The project would add about 1,500 lodging units, an indoor recreation area and commercial...

The Next Daily is the new generation of online publication, serving you the most recent discoveries made in science and technology on a daily basis. At The Next Daily, we believe in the power of consistent and reliable reporting to inspire and move mankind forward.

Contact us: sales[at]thenextdaily.com