EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that floorless convertible notes issued pursuant to its 2017 debt offerings, which were raised to facilitate key acquisitions and expansions, have been fully retired. Per the update, the company has no further obligations under the notes of those offerings. “We’re pleased to have these convertible debentures fully retired as we continue to strengthen EVIO’s balance sheet and focus on improving shareholder value,” William Waldrop, CEO of EVIO, stated in the news release. “As communicated with our shareholders last fall, the company is committed to using traditional types of financing to support our continued growth. With California’s additional mandated testing requirements coming into full force on July 1, and our continued expansion into growing marketplaces, we believe EVIO is well positioned to deliver growth in 2018 and beyond.”
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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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