EVIO Inc (EVIO)

[GangstaRIB]

I share some of the grumblings with management, but I don't think lack of financing falls completely on their shoulders. They did manage to structure fixed convertibles which are still dilution of course but at least we know the rate up front. The tangier loan shark is hell on pps and has been over the course of the last 2 years.

It's clear to me that angel investors are not as attracted to the MJ testing industry. This is the only publicly traded MJ testing company (well there is digi but let's be real here) If you look at the other publicly traded MJ companies they are massively over valued. We are talking P/E ratios of 100+:1 so yes they are over valued by 10x in some cases.

Not actually growing/selling the plant is a double edged sword. On one side it's unlikely federal government will shake them up and on the other hand it is just not as glamorous, but since they are in the MJ industry they are still being shut out by the banks. Hopefully congress will put a plan into action for us all. MJ is becoming a topic of bipartisan support.