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evio inc (EVIO) Details

EVIO, Inc., together with its subsidiaries, provides analytical testing and advisory services to cannabis industry in the United States. The company’s advisory and research services include regulatory licensing and compliance, industry research, operational support, and educational and operating services for licensed cannabis businesses. Its testing services comprise identification of compounds and contaminants, such as cannabinoid potency and terpene profiling, as well as screening for residual solvents, pesticides, and hazardous microbiological growth of cannabis products. The company was formerly known as Signal Bay, Inc. and changed its name to EVIO, Inc. in September 2017. EVIO, Inc. is headquartered in Henderson, Nevada.

35 Employees
Last Reported Date: 01/17/18

evio inc (EVIO) Top Compensated Officers

Co-Founder, CEO & Chairman
Total Annual Compensation: $42.2K
Interim President, COO & Director
Total Annual Compensation: $1.0
Consultant
Total Annual Compensation: $11.7K
Compensation as of Fiscal Year 2017.
evio inc
EVIO, Inc. Engages in Strategic Partnership to Launch EVIO Labs Costa Mesa

EVIO Inc. announced that it has engaged in a strategic partnership with Gexin Analytical Labs (Gexin) to complete the buildout and operation of EVIO Labs Costa Mesa. This partnership paves the way for EVIO Labs to realize its vision of providing analytical testing services throughout California. EVIO Labs Costa Mesa will be the only analytical testing lab in Costa Mesa’s coveted “Green Zone,” positively positioned adjacent to the fourteen licensed distributors that operate within 1,000 feet of the lab’s location, as well as hundreds of distributors throughout Orange and Los Angeles counties. Gexin has entered into an Intellectual Property License Agreement which provides them the exclusive right to operate under the EVIO Labs brand in the Los Angeles and Orange counties markets. Under the terms of the agreement, the initial license fee payable to EVIO is $500,000 and commencing in year 2, a 5% gross royalty of all testing revenues. Gexin sees this laboratory buildout as a “proof of concept” that will pave the way for additional targeted investments in the future.

EVIO, Inc. Announces Auditor Changes

On February 13, 2019, the Board of Directors of EVIO, Inc. approved the engagement of BF Borgers CPA PC (BFB) as the company's independent registered public accounting firm for the company's fiscal year ended September 30, 2018, effective immediately, and dismissed Sadler, Gibb and Associates (SGA) as the company's independent registered public accounting firm.

EVIO, Inc. Announces Address Change

In conjunction with the closure of the Bend office, EVIO, Inc. has relocated its corporate headquarters to 2340 W. Horizon Ridge Pkwy, Suite 120, Henderson, NV 89052.

 

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Price/Sales 2.7x
Price/Book 2.1x
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TEV/Sales 0.4x
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