$SGBY "Why Edibles Mean Double Revenue" "For th

$SGBY "Why Edibles Mean Double Revenue"

"For the first test, the cannabis flower test, Signal Bay's EVIO labs bring in around $370 per ten pound batch tested. The additional tests for extracts and concentrates can typically generate around $300 per batch with an additional $145 for potency testing on edibles and in some circumstances can run as high as $25,000 for high volume manufacturers of edible products. This second round of tests translates into a doubling of revenues for Signal Bay, first the flower, then the finished product."

"For instance, let's say you are a company that sells cannabis lollipops that come in ten different flavors. You used to only be required to send out a sample of your lollipops to test and that would cover you for the nine other flavors. But now, regulations require testing for each individual flavor. The more testing, the more revenue our EVIO Labs generate."

http://www.prnewswire.com/news-releases/signa...53861.html