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Thursday, March 28, 2019 9:59:17 PM
The Company has been advised that if EVIO Labs Portland were to lose its license, it would be unlikely that any affiliate of the Company would be issued a new license in Oregon for at least two years. In addition, given the Notice and the settlement with the OLCC reported by the Company in its Current Report filed with the Securities and Exchange Commission on January 18, 2019, the Company could be prevented from obtaining licenses in new jurisdictions in which it desires to enter, which would be dependent on the specific rules and regulations of each jurisdiction. In addition, because certain officers of the Company made admissions in the settlement to allowing violations by employees, the Company could be required to terminate or reposition these officers in order to qualify for a particular license in the future.
PS I thought we just got Portland in Aug. 2018 or was it another lab. If so, how could management be accountable for 2017? Or was it another acquisition last Aug.?
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