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What is the status of Evio Humboldt? They acquired Leaf Detective and sent out a press release a year ago... and then what? Is the Humboldt lab open or in progress, or is it more like the failures of the Bend, Eugene, first Portland, eastern Oregon, and Yuba City labs?
It seems like there have been a lot of expensive failures. Yuba City lab closed. The first Portland lab, the one that was actually in Portland, closed. Bend lab closed. Eugene Lab closed. Is the Humboldt lab open? https://www.globenewswire.com/news-release/2018/04/30/1489983/0/en/EVIO-Inc-Expands-California-Operations-Acquires-100-of-Leaf-Detective-LLC.html
Didn't they have an Eastern Oregon lab for hemp testing? I'm pretty sure it was on the website at one point.
This table was updated a few days ago. None of EVIO's four labs can test for both solvents and pesticides. I bet the competition in Oregon is crushing EVIO.
http://www.oregon.gov/oha/PH/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf
I'm looking forward to this thing shooting upwards in June when the talk about mandatory testing grows and grows.
And there's a possibility this thing increases in about a week and a half when financials come out. I'm not expecting anything super exciting in the financials but i expect it to tell the story of a steadily growing company.
Please, someone go research what happened to the stock during the months ahead of Oregon's mandatory testing laws being implemented. I think it happened October 1 of 2016. Didn't it spike up around then? Please post the info if you can.
As July 1 gets closer, many more people will be talking about cannabis testing in California, and the demand for EVIO shares will grow. Plus, any pot stock connected with Massachusetts will get a bump as July approaches.
Also, if I remember correctly, the company made a bunch of acquisitions in a short amount of time near the time Oregon's testing laws were coming in to play.
A new catalyst: This news out of Washington regarding mandatory testing is huge.
Everyone reading this board is early to the party.
Can someone put a dollar amount or a share amount on how much the Yuba City lab, which turned out to be a poorly planned decision that backfired, cost the company?
Wondering: Is the Yuba City lab dead at this point? Related question: Has Sutter County passed regulations allowing marijuana businesses?
Is this the type of fluff PR you speak of? Dated March 13:
https://www.networknewswire.com/evio-inc-evio-track-exponential-growth-within-booming-legal-cannabis-industry/
The news releases from last week didn't really seem to me like they included anything new. I think it's only natural for the price to go back down, especially with the organized selling that some members of this group have laid out the facts for.
Took a nibble at 1.27. Go EVIO. Can someone link to the timetable (a.k.a. the law) for when California's full testing regulations kick in?
Last year was a crazy ride with this stock due to the r/s but also due to periods of intense selling as shares hit the open market.
Help me understand what happens on March 2.
Do we see CDEL suddenly having tons of shares to sell, and doing it methodically, day after day after day, like we saw last year?
I sold most of my position to lock in profits. It's the same company it was on December 26, just in a worse investing environment. It'll go back down to that price.
"Attorney General Jeff Sessions’ decision to let federal prosecutors choose whether to more aggressively enforce marijuana laws means the new U.S. attorney for the Eastern District of California will have authority similar to what he held during a previous term in the office."
http://www.sacbee.com/news/state/california/california-weed/article193086764.html
Read on. This guy is scary as f***.
By the way, there are four US attorneys in California, one in Oregon.
Amazing, in a post accusing me of not knowing how democracy works, you show that you have no idea how democracy works.
Federal prosecutors (US Attorneys) are not the same as state prosecutors or the state department of justice. They are appointed and not subject to the control of anyone inside the state.
He is leaving it up to the federal prosecutors in each state to decide what to do. These people are not elected by the voters and don't answer to the people. Why do you think he's leaving up to each state to decide?
The 8K released today gives 1,900,000 shares to the executives. So the o/s should be considered over 13,000,000. Am I doing this right?
I think we'll have more selling tomorrow. How can we not? Sessions is scary as heck and nobody knows anything about the US attorneys in California and what they're going to do. Lots of investment in this industry is on pause.
All of these US attorneys now have a lot of power. What if one US attorney in Caifornia wants to prosecute and does so? Seems like there is risk.
This thing still has a few multiples to go.
Their local paper did a story: "Evio, a publicly traded company, stands to capitalize on a need for cannabis testing labs as California stands up its own recreational cannabis market."
http://www.bendbulletin.com/business/5886252-151/bend-testing-labs-buys-stake-in-berkeley-operation
This says the deal was finalized: http://mmjreporter.com/evio-inc-otcmktsevio-to-buy-licensed-cannabis-lab-in-northern-california-33715.html
According to the state website, C3 in Berkeley has one of the 12 CA temporary cannabis testing licenses that went into effect today. Since EVIO is buying them, I assume it's good news for EVIO!
https://aca5.accela.com/bcc/Cap/CapDetail.aspx?Module=Licenses&TabName=Licenses&capID1=DUB17&capID2=00000&capID3=002DK&agencyCode=BCC&IsToShowInspection=
I don't think the average person investing in marijuana stocks has any clue about state-mandated testing. That will all change, IMO, when testing starts in California and there is a bottleneck of testing like there was in Oregon, with the accompanying media coverage.
Does anyone think that today's volume took care of a lot of shares that CDEL wanted to sell?
I think investors are starting to understand how state-mandated testing will negatively affect the bottom line for growers and positively affect the bottom line of the testers.
This thing is still undervalued. Expect a price surge when there's a bottleneck at the Cali labs when testing becomes mandatory. Also, expect the company to have learned from its mistakes in Oregon.
I bought a lot in the .5's and 6's. I would expect lots of news coverage of Cali legalization from now and all the way through January, with new investors flowing into all stocks with CA marij. exposure. Good times ahead.
The lab across town charges $315 for a comprehensive test and has 16 employees:
http://www.bendbulletin.com/business/5832079-151/pot-testing-lab-hit-the-ground-running-in
"Juniper Analytics, one of 20 marijuana testing laboratories licensed by the Oregon Liquor Control Commission and one of two in Bend, is doing a booming business"
That's a great list of capabilities.
This company was working on good things even as the stock was falling in October. I do think the future looks bright, and this will be very obvious in February when Q1 financials come out.
There are only around 28 posts today on IHUB, even with this big news. Very quiet. If you want more eyes on it, try posting in Reddit Weedstocks. They had one discussion thread today with over 1500 comments: https://www.reddit.com/r/weedstocks/comments/7j06xm/daily_discussion_december_11_2017/
EVIO competitor thrust into scandal and has lower revenues. Lab for sale.
http://www.oregonlive.com/marijuana/index.ssf/2017/12/eugene_cannabis_lab_owner_plan.html
The ORELAP website has just been updated, and it shows that EVIO-owned Kenevir got its pesticide certification.
http://www.oregon.gov/oha/PH/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf
Study this table on Page 2. There are more processors and producers in Oregon awaiting their licenses than there are processors and producers who currently have licenses. The number of labs competing with EVIO, the same table shows, will grow at a much slower rate. This is going to result in more revenue per lab.
http://www.oregon.gov/olcc/marijuana/Documents/mj_app_stats_by_county.pdf
Surprisingly, the share price dropped after that PR came out and hit .50 soonafter. I guess some investors were spooked about the delay in pesticide certification. But yes, 100% revenue growth over last year is amazing. And now EVIO has the certification.
Referring back to that post/article about the Costa Mesa extraction company, EVIO and this company are literally close neighbors on the same street: Cadillac Ave. Maybe this is the Costa Mesa Weed District.
Steven, Do you think EVIO can turn a profit in Q1? My analysis says that while Q1 will be much improved, Q2 is the one we'll really want to see.
Who is that person who said that he/she'd buy in the .30's and the .70's but not in between? It's almost your time.
A few big longs pulled out in September/early October, and then there was CDEL, and there just weren't enough buyers to keep the share price up, so it plummeted. I agree with those who think the stock was oversold and became a bargain, which is why I bought a few times, even though I felt burned by the stock and the company. This new pesticide certification is guaranteed to improve margins, and EVIO might be one of the first US companies in the black. That potentially profitable quarterly report comes out when, May 15? Imagine if EVIO is one of the first profitable US cannabis companies. It could happen, and the stock would skyrocket.
Beating everyone else to profits is somewhat speculative, but a great guarantee is that the media is going to do huge coverage of California Legalization. There will be such enthusiasm leading up to legalization for all California MJ stocks, and EVIO is one of them.
My guess is that they got this good news this morning. You could request the records from the state government to find out for sure.
They got the pesticide certification, so I'd expect they can test for pesticides immediately. They can now actually function like a hub and spoke model that we've heard about for so long. Instead of the product getting transported to another lab, it'll be tested in house/transported to their Medford location. There is reason for optimism in this stock again.
This is the news we have been waiting for. EVIO did something right! I went ahead and bought. Settle Date: 11/27/2017
Action: Bought
Quantity: 750
Symbol: EVIO
Unit Price: $0.52
*Principal Amount: $390.00
What's your source for this? "accredited for pesticides with false test results"
So the State of Oregon who does on site visits for the accreditation process was somehow not catching people BS-ing them?
Why do you think that Evio has "secured" 20% of the Oregon market?
Why have the bureaucrats at the state licensed 12 labs in Oregon for pesticide testing but not one Evio lab?
Why were 12 separate companies able to move more quickly on being able to do the pesticide tests?
source for the 12 labs: http://www.oregon.gov/oha/PH/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf
The chart shows that the company with 4 labs can't even do one legal marijuana test that will satisfy customer needs, and instead has to pay the competition. It is truly pathetic and the share price shows.
I have no idea what "distinct advantage" you are referring to. Evio has not proven that it has the advantage in anything. I wish I had the ability to invest in one of the other labs that decided early on that it would try to make money via testing instead of paying others to do the job for them.
What is the real reason Evio is a year late into testing for pesticides?
Really good evidence that Evio management has failed us all. And that Evio's Oregon competitors generally are doing a good job for their owners.
I bought 400 at .61 today for $244 plus the fee. My bid had been at .612 and sat for a bit. I'm not sure why I'm doing this. I am not happy with the management for being so far behind other labs in Oregon. I would have been happier with one functioning lab, rather than with four labs that can't do the pesticide testing. The good news is that the company will get its certification one day, and probably within two months. The other good news is that the company will get a real chance to make a lot of money in California.