Signal Bay (OTCMKTS:SGBY) has completed its acquisition of Oregon analytical services, a full services cannabis testing facility.
As quoted in the press release:
Oregon Analytical Services has been providing full service analytical cannabis testing lab services in the greater Eugene area since 2014. With a perpetual client base of over 500 cultivators, extractors, processors, edible manufacturers, and dispensaries, OAS has positioned itself as one of the dominant testing companies in Western Oregon. Offering full compliance analytical testing services, including residual solvent and pesticide testing, OAS is centrally located to expand the service offering of EVIO Labs existing and proposed expansion labs within Oregon.
Signal Bay CEO William Waldrop said:
We are very proud to have achieved our goal of acquiring OAS in Eugene, Oregon, extending our cannabis lab footprint throughout Southern Oregon. This acquisition complements our acquisition last year of Cannalytical Research in Bend, Oregon and our pending acquisition of Kenevir Research, another full-service cannabis test lab in Medford. The acquisition Oregon puts EVIO Labs in a strong revenue position in the burgeoning Oregon cannabis marketplace. The next steps in the continued growth of EVIO Labs is to complete our acquisition of Kenevir Research, identify a prospective location in the Portland metropolitan area and open our previously announced lab testing facility in the Emerald Triangle of Northern California.