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

Robot recreates the walk of a 290-million-year-old creature

Jan 20, 2019

WASHINGTON — How did the earliest land animals move? Scientists have used a nearly 300-million-year old fossil skeleton and preserved ancient footprints to create a moving robot model of prehistoric life. Evolutionary biologist John Nyakatura at Humboldt University in Berlin has spent years studying a 290-million-year-old fossil dug up in central Germany's Bromacker quarry in 2000. The four-legged plant-eater lived before the dinosaurs and fascinates scientists "because of its position on the tree of life," said Nyakatura. Researchers believe the creature is a "stem amniote" — an early land-dwelling animal that later evolved into modern mammals, birds and reptiles. Scientists...

Food giants undermined China's obesity fight, scholar says

Jan 20, 2019

NEW YORK — China's efforts to keep obesity in check have been undermined from the inside by the food industry, according to newly published research. A scholar of Chinese society at Harvard University traced how a group funded by Coca-Cola and other food companies enjoyed close ties to Chinese health officials. The group helped tilt the country's obesity fight with the message that exercise matters more than dietary habits, which health advocates say is a way to deflect attention from food's role in fueling obesity. The International Life Sciences Institute was created in 1978 by a former Coke executive and...

China's Huawei unveils chip for global big data market

Jan 20, 2019

BEIJING — Huawei Technologies Ltd. showed off a new processor chip for data centers and cloud computing Monday, expanding into new and growing markets despite Western warnings the company might be a security risk. Huawei and other Chinese technology companies that rely on Western technology are stepping up efforts to develop their own. The company based in southern China's Shenzhen has pushed ahead with commercial initiatives despite the Dec. 1 arrest of its chief financial officer, Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, in Canada on U.S. charges related to possible violations of trade sanctions on Iran. Huawei...

Chinese tech firms lay lower at CES 2019 amid trade tensions

Jan 20, 2019

LAS VEGAS — The CES 2019 gadget show, which kicks off Sunday, will showcase the expanding influence and sway of China's rapidly growing technology sector. But some of its firms are stepping back from the spotlight amid rising U.S. national-security concerns over Chinese tech and a trans-Pacific trade war launched by President Donald Trump. Last year, a top executive of the Chinese telecom firm Huawei delivered a CES keynote address critical of AT&T's abrupt cancellation of plans to sell a Huawei phone following espionage concerns raised by the U.S. government. This year, Huawei's chief financial officer was arrested in Canada...

Detecting depression: Phone apps could monitor teen angst

Jan 20, 2019

Rising suicide rates and depression in U.S. teens and young adults have prompted researchers to ask a provocative question: Could the same devices that some people blame for contributing to tech-age angst also be used to detect it? The idea has sparked a race to develop apps that warn of impending mental health crises. Call it smartphone psychiatry or child psychology 2.0. Studies have linked heavy smartphone use with worsening teen mental health. But as teens scroll through Instagram and Snapchat, tap out texts or watch YouTube videos, they also leave digital footprints that might offer clues to their psychological...

Kick Connect publishes a comprehensive overview of the latest news and theories on science & technology. We also report accurate news with a unique perspective on the world around us.

Contact us: sales@kickconnect.com