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.”
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About EVIO, Inc.
EVIO Inc. is a leading provider of cannabis testing and scientific research for the regulated cannabis industry. The Company’s EVIO Labs division operates coast-to-coast, providing state-mandated ancillary services to ensure the safety and quality of the nation’s cannabis supply. EVIO is on track to have 18 of its state-of-the-art testing facilities by year-end 2018. For more information, visit the company’s website at www.EvioLabs.com.
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