NetworkNewsBreaks – EVIO, Inc. (EVIO) Posts Fiscal Q2 2018 Financial Results

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced financial and operating results for the quarter and six months ended March 31, 2018. Among other highlights, the company reported revenue for the second quarter of $732,311, a decrease of $56,415 or 12.1% from the second quarter last year. Revenue from the six months ending March 31, 2018, however, was $1,679,176, an increase of $177,997 or 11.9% from the same period in 2017. “EVIO’s second quarter focused greatly on broadening the company’s portfolio. With our recent private placement of $5.973 million, we expanded the company’s footprint by acquiring additional labs, namely in California, a market that we have identified as having unparalleled potential,” EVIO CEO William Waldrop stated in the news release. “We expect the state of California to enforce mandated compliance testing by July 1, 2018. With operational facilities in both Humboldt and Berkeley and the goal of further expansion into the state, we feel like EVIO is well-positioned to meet California’s demand for cannabis testing. Another significant milestone was our entrance into the Canadian market and launched EVIO Canada with the acquisition of Keystone Labs ahead of the country’s legalization of adult recreational use this summer.”

To view the full press release, visit http://nnw.fm/7usF1

About EVIO, Inc.

EVIO Inc. is a leading provider of cannabis testing and scientific research for the regulated cannabis industry. The company’s EVIO Labs division operates coast-to-coast providing state-mandated ancillary services to ensure the safety and quality of the nation’s cannabis supply. EVIO is on track to have 18 of its state-of-the-art testing facilities by year-end 2018. For more information, visit www.EvioLabs.com

More from NetworkNewsBreaks

NetworkNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Subsidiary Enters Manufacturing and Supply Agreement in California NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) JV Completes Setup of 10,000 sq. ft. Greenhouse Space NetworkNewsBreaks – FANDOM SPORTS Media Corp. (CSE: FDM) (OTC: FDMSF) (FRA: TQ42) Announces Digital User Acquisition Initiatives

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Other Press Releases

Former Microsoft director indicted on embezzlement charges

Oct 18, 2018

SEATTLE — Federal prosecutors have charged a former Microsoft sports marketing director with five counts of wire fraud, accusing him of attempting to embezzle $1.5 million from the company and using his NFL connections to sell Super Bowl tickets for his own gain. Jeff Tran, 45, was the director of sports marketing and alliances and managed the company's relationship with the NFL and its payments to third-party vendors, the Seattle Post-Intelligencer reports . In addition to selling off Super Bowl tickets intended for Microsoft employees, he allegedly coordinated the issue of false invoices to charge Microsoft for bogus services and...

Stocks plunge on weak industrial earnings; tech skid resumes

Oct 18, 2018

NEW YORK — U.S. stocks are sharply lower Thursday as technology and internet companies, industrials, and companies that rely on consumer spending all skid. Aircraft maker Textron and tool maker Snap-On slumped after releasing their quarterly reports, and other big manufacturers also traded lower. Trading remains volatile, and the S&P 500 is essentially flat this week even though it's only been two days since its biggest one-day rally in six months. KEEPING SCORE: The S&P 500 index shed 46 points, or 1.7 percent, to 2,762 as of 1:30 p.m. Eastern time. The Dow Jones Industrial Average lost 393 points, or...

Facebook's election 'war room' takes aim at fake information

Oct 18, 2018

MENLO PARK, Calif. — In an otherwise innocuous part of Facebook's expansive Silicon Valley campus, a locked door bears a taped-on sign that reads "War Room." Behind the door lies a nerve center the social network has set up to combat fake accounts and bogus news stories ahead of upcoming elections. Inside the room are dozens of employees staring intently at their monitors while data streams across giant dashboards. On the walls are posters of the sort Facebook frequently uses to caution or exhort its employees. One reads, "Nothing at Facebook is somebody else's problem." That motto might strike some...

Startup plans to launch small satellites from Virginia coast

Oct 18, 2018

NORFOLK, Va. — A California-based startup has announced big plans to go small as it reaches into space, rocketing satellites the size of loaves of bread into orbit from Virginia. The endeavor reflects increasing demand from companies and governments alike to monitor ships, crops and the weather from space. Rocket Lab said Wednesday it will build its launch pad at the Mid-Atlantic Regional Spaceport on the Eastern Shore. It's located at NASA's Wallops Flight Facility where unmanned cargo missions already are dispatched to the International Space Station. Rocket Lab, which recently built its first launch pad in New Zealand, is...

4 tax breaks for teachers

Oct 18, 2018

The flood of education-related tax advice that seems to crest during back-to-school season often centers on students or their parents. But teachers can score a few tax breaks, too — if they do their homework. Three tax pros share their own lesson plans for cutting teachers' tax bills. 1. Educator Expense Deduction WHAT IT IS: A $250 deduction to help recoup out-of-pocket costs for outfitting a classroom, getting training or buying teaching materials. HOW IT WORKS: K-12 teachers can take this deduction regardless of whether they itemize on their taxes or take the standard deduction. They're not the only ones...

Broaden News

About Us

Stillsurge is a home for individuals to find the latest day-to-day Science and Technology news which electrify and empower their knowledge.

Contact us: sales@stillsurge.com