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.
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