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SGBY: Signal Bay Makes First Cannabis Testing Lab Purchase in California

GlobeNewswire•November 1, 2016
Yuba City, California, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTC PINK: SGBY) the market leader in cannabis testing and laboratory services announced today the completion of the purchase of Green Style Analytics Lab in Yuba City, California. This acquisition brings the total number of labs now operating under the EVIO Labs brand to five.

CEO William Waldrop stated, "We are very proud to announce the first of many EVIO Lab locations in the state of California. Green Style Analytics Lab currently services around 1300 accounts throughout Northern California including Humboldt, Trinity and Shasta counties to the north and Placer, Calaveras and Sacramento counties to the south. Founder Catherine Emond and her team have done a tremendous job building relationships with cultivators, processors and dispensaries throughout the region. Founded in 2010, the longevity and sizable client base are both testaments to their efforts in growing the business to date.”

Located one hour north of Sacramento and a little over four hours from our Medford, Oregon location, we know that this new lab provides a strategic position to build out our EVIO Labs spoke & hub throughout California. With the addition of Green Style Analytics, we now have 31 team members working hard to grow EVIO Labs.”

Mr. Waldrop continued, "The California Prop 64 vote is next week and currently polling at over 60% on the Yes side and with the AB266 legislation in place. The timing could not be more favorable for us to enter the California cannabis marketplace.”

Mr. Waldrop also stated, "We would like to thank everyone involved with making this acquisition a success.”

About Signal Bay, Inc.: Signal Bay, Inc. is the Oregon-based Life Sciences company. Through its three subsidiaries: Signal Bay Research, Signal Bay Services and EVIO Labs; the Company provides research, consulting services, and analytical testing services to the legal cannabis industry. The Company's EVIO Labs division operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply. Learn more at http://SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.