In the last 8k it was mentioned that it was possib
Post# of 2022
The Company has been advised that if EVIO Labs Portland were to lose its license, it would be unlikely that any affiliate of the Company would be issued a new license in Oregon for at least two years. In addition, given the Notice and the settlement with the OLCC reported by the Company in its Current Report filed with the Securities and Exchange Commission on January 18, 2019, the Company could be prevented from obtaining licenses in new jurisdictions in which it desires to enter, which would be dependent on the specific rules and regulations of each jurisdiction. In addition, because certain officers of the Company made admissions in the settlement to allowing violations by employees, the Company could be required to terminate or reposition these officers in order to qualify for a particular license in the future
PS Other jurisdictions could certainly include Mass. My guess is we will be getting an update very soon!
PSS Whether you disagree with the state authorities or not EVIO management deliberately broke the rules and have consequences to pay and unfortunately it is on the shareholders backs. GLTA
Very well could include a buyout or merger or good old bankruptcy. Time is not on our side. We need this dealt with ASAP.