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

China, Japan protest US probe into need for auto tariffs

May 24, 2018

BEIJING — China and Japan both condemned Thursday the Trump administration's decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. China's Commerce Ministry said Beijing would "firmly defend" its rights and interests against what it called the Trump administration's abuse of national security provisions in trade. Japan's minister of Economy, Trade and Industry, Hiroshige Seko, said Japan, which accounts for about 40 percent of U.S. vehicle imports, will continue to remind U.S. officials that any trade measures must conform to the rules of the World Trade Organization. If...

Malaysia's ex-leader questioned again in corruption scandal

May 24, 2018

PUTRAJAYA, Malaysia — Former Malaysian Prime Minister Najib Razak was being questioned again Thursday by anti-graft investigators looking into alleged theft and money laundering at a state investment fund he had founded that accumulated billions in debt. Najib smiled and waved at reporters before entering the Malaysian Anti-Corruption Commission building for the second time since his shocking ouster in May 9 national elections that were marked by public anger over the scandal. He has denied any wrongdoing but Malaysia's new anti-graft chief has said Najib could face criminal charges "very soon." He was questioned for more than four hours Tuesday,...

Trump administration explores tariffs on autos, auto parts

May 24, 2018

WASHINGTON — The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and auto workers would be "very happy" with the outcome of the NAFTA talks. The White House said in a statement Wednesday that the president had asked Commerce Secretary Wilbur Ross to consider whether the imports of automobiles, including trucks, and automotive parts threaten U.S. national security. The president said in the statement that "core industries such...

Las Vegas strike would have far-reaching effect

May 24, 2018

LAS VEGAS — What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city's world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel and food workers don't show up to work, it could cost the destination millions and lead to travel woes for anyone taking a vacation or business trip to Sin City. It could also send casinos looking for temporary workers amid low unemployment rates. Analysts declined Wednesday to weigh in on the financial impact...

Trump launches probe into auto imports, possible tariffs

May 24, 2018

WASHINGTON — The Trump administration on Wednesday launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and auto workers would be "very happy" with the outcome of the NAFTA talks. The White House said in a statement that the president had asked Commerce Secretary Wilbur Ross to consider whether the imports of automobiles, including trucks, and automotive parts threaten U.S. national security. The president said in the statement that "core industries...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!