NetworkNewsBreaks – EVIO, Inc. (EVIO) Forms Stra
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Posted On: 06/28/2018 6:32:10 PM
NetworkNewsBreaks – EVIO, Inc. (EVIO) Forms Strategic Alliance, Enters Asset Purchase Agreement with MRX Labs LLC
EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that it has entered into an asset purchase agreement and formed a strategic alliance with MRX Labs, LLC, an Oregon-based, award-winning testing lab. The companies intend to leverage their respective strengths to develop and expand growth throughout new and existing markets. Per the agreement, EVIO will purchase 100% of the assets of MRX Labs, LLC including equipment, real estate, customer lists, customer contracts, rental agreements, and equipment leases. EVIO Labs Portland will relocate its personnel and license to the former MRX Labs location, and the new lab will operate as EVIO Labs Portland. The transaction is anticipated to close on or prior to July 11, 2018. “We are excited about the opportunity to further expand our reach and solidify our position as the dominant testing lab in Oregon,” EVIO CEO William Waldrop stated in the news release. “As the Oregon market matures, there is a consolidation of the marketplace occurring, and this alliance is a win-win for both of our companies and our customers.”
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, this morning announced that it has entered into an asset purchase agreement and formed a strategic alliance with MRX Labs, LLC, an Oregon-based, award-winning testing lab. The companies intend to leverage their respective strengths to develop and expand growth throughout new and existing markets. Per the agreement, EVIO will purchase 100% of the assets of MRX Labs, LLC including equipment, real estate, customer lists, customer contracts, rental agreements, and equipment leases. EVIO Labs Portland will relocate its personnel and license to the former MRX Labs location, and the new lab will operate as EVIO Labs Portland. The transaction is anticipated to close on or prior to July 11, 2018. “We are excited about the opportunity to further expand our reach and solidify our position as the dominant testing lab in Oregon,” EVIO CEO William Waldrop stated in the news release. “As the Oregon market matures, there is a consolidation of the marketplace occurring, and this alliance is a win-win for both of our companies and our customers.”
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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