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Replies to post #31422 on EVIO Inc (EVIO)
06/01/17 4:04 PM
This is important to me and to the entire board of directors. It is the number one priority to increase shareholder value. We are actively pursuing multiple options for funding. We are currently in negotiation with parties who are in alignment with the company's goals, while protecting and maximizing shareholder value. This will allow the company to upgrade from short-term bridge lenders to a strategic institutional partner who sees our long-term and global potential; delivering an essential service to the fastest-growing agricultural sector in the
world.
I must emphasize that it is both of an organic and inorganic strategy, which
means we’ll be working to establish labs from the ground up while at the
same time acquiring existing cash flowing operating labs. We have segment the California market into zones and develop an overall EVIO Labs strategy to cover the entire state. Due to competitive reasons, we’re not discussing specifics at this current time. Keep in mind that the Signal Bay team has achieved tremendous proprietary knowledge going from initial lab rollout concept in 2015 to having five operating laboratories today. We have been busy during the last six months taking the knowledge learned from the Oregon rollout, improving our overall operational efficiency, refining our Compliance Science methodology and developing a rollup playbook while laying down the foundation for growth.
We’re on target to realize this goal. We are in ongoing negotiations with several prospective partners and acquisition targets. We’ve also been identifying new labs who will support our organic growth in California. Meanwhile, our Compliance Science business model demonstrating a level of success on a daily basis that’s providing a firm foundation for rapid growth. We are in conversation opportunities…excuse me. We’re in conversations, we’re finding opportunities that will allow us to realize our growth targets while at the same time protecting shareholder value, that are ongoing and numerous. I can tell you today that we anticipate announcements in the near future to
address this in a way that will demonstrate our commitment to our two goals. First, we want to realize potential growth and the footprint of EVIO Labs from coast-to-coast. And two, while ensuring that our shareholders will be rewarded for their commitment to our company.
