NetworkNewsBreaks – EVIO, Inc. (EVIO) Increases
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Posted On: 06/08/2018 5:25:46 PM
NetworkNewsBreaks – EVIO, Inc. (EVIO) Increases Testing Capacity through Acquisition
EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, recently executed an asset purchase agreement to acquire 100 percent of Leaf Detective, LLC, a California-based testing laboratory. An article discussing the company reads: “In terms of the agreement, EVIO will form a new entity, EVIO Labs Humboldt, to purchase all of Leaf Detective’s business assets for a total consideration of $500,000 in the form of a Convertible Promissory Note, which is convertible at $1.25 per share. The purchase includes brand, customer lists and contracts, rental agreements, equipment and equipment leases. … Leaf Detective is Humboldt County’s first licensed cannabis testing facility. The laboratory specializes in analytical testing for medical marijuana dispensaries, cannabis manufacturers, producers and consumers. It is an independently owned and operated testing facility that is dedicated to providing timely and accurate test results.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, recently executed an asset purchase agreement to acquire 100 percent of Leaf Detective, LLC, a California-based testing laboratory. An article discussing the company reads: “In terms of the agreement, EVIO will form a new entity, EVIO Labs Humboldt, to purchase all of Leaf Detective’s business assets for a total consideration of $500,000 in the form of a Convertible Promissory Note, which is convertible at $1.25 per share. The purchase includes brand, customer lists and contracts, rental agreements, equipment and equipment leases. … Leaf Detective is Humboldt County’s first licensed cannabis testing facility. The laboratory specializes in analytical testing for medical marijuana dispensaries, cannabis manufacturers, producers and consumers. It is an independently owned and operated testing facility that is dedicated to providing timely and accurate test results.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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