EVIO Inc (EVIO)

[winmeny]

Why October 1, 2016 is Important?

OREGON ADMINISTRATIVE RULES OREGON HEALTH AUTHORITY, PUBLIC HEALTH DIVISON CHAPTER 333
DIVISION 7
MARIJUANA LABELING and CONCENTRATION LIMITS
Labeling

333-007-0010 Purpose, Scope and Effective Date (1) The purpose of OAR 333-007-0010 through 333-007-0100 is to set the minimum standards for the labeling of marijuana items that are sold to a consumer, patient or designated primary caregiver.

On and after October 1, 2016:
(a) A marijuana item received or transferred by a dispensary must meet the labeling requirements in these rules; and
(b) A dispensary may not transfer a marijuana item that does not meet the labeling requirements in these rules.

What does this mean for SGBY?

This means SGBY is in a great position to add more clients as it currently owns 3 Testing Labs.




What does the Cannabis Industry say about Testing Labs?



Note: As of last month, SGBY surpassed 700 accounts with average over $1000 per account per year. That's $700,000 in annual revenues.

Is that all for SGBY?

No. There are plans for rapid expansion:

Signal Bay Announces Major Expansion


Bend, OR -- July 19, 2016 -- InvestorsHub NewsWire -- Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today an aggressive move into the Portland Oregon market.

CEO William Waldrop stated, The last few months have been a whirlwind of activity. Recently, we surpassed the 700 account milestone and due to an increase in additional services being requested, our average annual revenue per account has jumped considerably. A cursory review suggests that we should average well over one thousand dollars per account on an annual basis. We were happy to see this uptick because it weighed heavily on our decision to expand our operations into the Portland market.

Signal Bay operates state-of-the-art testing facilities and offers reliable testing methodologies that ensure the safety and potency of the nations cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.

Mr. Waldrop went on to say, We will enter the Portland market with a huge advantage. A key player in the cannabis industry who has managed dispensaries and has been directly involved in purchasing products from growers and manufacturers has agreed to join our team. Based on his network of connections in the Portland area, we feel confident in our ability to expand operations in that market quickly. Further expansion options could increase our growth exponentially.

Mr. Waldrop said, With our move into the Portland market, realistically we can now serve 95% of the states 4 million residents. Currently there are over 400 dispensaries in the state, with 155 of those in Portland alone. There are also over 26,000 registered medical growers in the state who serve over 66,000 patients. As of today, there are over 1,000 pending applications on file with the state of Oregon for recreational retailers, processors and producers combined. Nearly half of those applications were submitted for the greater Portland area and heres the most favorable stat of all: Anyone who wishes to sell marijuana, whether medical or recreational will need to have every batch tested by an authorized laboratory beginning October 1st. With our current infrastructure, we are aggressively pursuing a considerable percentage of the Oregon market share.

Mr. Waldrop also stated, We always want to have one eye on current operations and the other on potential expansion and that leads us to our current thoughts on the Northern California cannabis market. This particular area of the state is the fastest growing market in the cannabis industry. Geographically, Northern California and Humboldt County in particular are fertile ground so to speak for future expansion. We will be looking closely at our options in that market as well over the coming months.

Mr. Waldrop finished up by stating, Our reputation for excellence is spreading. We offer reliable and trusted testing and consulting services that are a requirement in the cannabis industry. A quick turnaround time is critical in our business and we get that. In fact, it is an essential component of our business model. Combine that with accurate, detailed results and you can see why were quickly becoming the go-to option. We want to thank everyone for their support and we look forward to continuing our conversation with shareholders through a series of up-coming press releases.