EVIO Raises Over $5.9 Million to Fuel Aggressive Multi-State Expansion

Google+ Pinterest LinkedIn Tumblr +

The Company is the Premier Player in the Rapidly Growing Cannabis Testing Space

(FINANCIALPRESS) — EVIO, Inc., (EVIO) a life science company and leading provider of quality control testing and advisory services to the regulated cannabis industry, recently announced that it had successfully closed its latest round of financing in the amount of $5,973,000.

Management was initially interested in raising an aggregate amount of only $3 million to be used to increase its footprint in the booming $2.5 billion California cannabis market, a market in which EVIO Inc. continues to aggressively expand its cannabis testing operations. However, investor interest in EVIO’s uniquely scalable business model and scientific expertise in the cannabis testing space resulted in the successful raise of $5,973,000, nearly double the figure they initially sought.

EVIO, Inc. plans to use the funds to increase its cannabis testing operational infrastructure throughout California, as well as continue to expand its operations in multiple states. EVIO Labs operates cannabis testing laboratories in Oregon, California, Colorado, Massachusetts and Florida.

EVIO, Inc. has more accredited cannabis testing laboratories in operation than any other company in the industry. This successful raise will enable the company to continue to rapidly increase its national footprint as the premier provider of accredited cannabis testing laboratories in the United States.


Online Media Group, Inc. is not registered with any financial or securities regulatory authority and holds no investment licenses and does not provide, nor claims to provide, investment advice. We are a publisher of original and third-party news and information. This article is sponsored content and is neither an offer nor recommendation to buy, sell or hold any security. The views expressed are our own and not intended to be the basis for any investment decision. Investing intrinsically involves substantial risk and readers are reminded to consult an investment professional and complete their own due diligence, including SEC filings, when researching any companies mentioned in this release. This release is based upon publicly available information and, while vetted, is not considered to be all-inclusive or guaranteed to be free from errors. With respect to Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader’s attention to the fact that Online Media Group, Inc. received compensation for content creation, advertising and distribution services related to this material.


Online Media Group, Inc.

SOURCE: Online Media Group, Inc.


About Author

Comments are closed.