Signal Bay, Inc.
Under the Symbol:
Signal Bay's EVIO Labs are Licensed and Prepared to Handle Bumper Oregon Cannabis Harvest
Monday, October 3, 2016 8:00 AM
BEND, OR / ACCESSWIRE / October 3, 2016 / Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today that all three of their labs are now licensed and ready to meet the testing needs of cannabis businesses across the state.
CEO William Waldrop stated, "All three of our labs, EVIO Labs Bend, EVIO Labs Eugene and Kenevir Research are now licensed by the OLCC. Collectively, we provide all of the tests required by the state, and have begun collecting samples in accordance with Oregon's new sampling rules."
Mr. Waldrop also said, "We are now scheduling appointments with new and existing clients and fielding a myriad of customer questions. The industry is going through a learning curve as producers, processors and retailers transition to the new requirements. It is our goal to be a consultative partner and educate our customers through the transition. We are moving from an environment of here's my sample, can you test it for me to one of rigorous statistical sampling, extensive quality controls and documentation including new state reporting. During this transition, we feel that our strict adherence to the new reporting requirements combined with our educational support will help to ensure integrity and a level of trust with our growing customer base."
Mr. Waldrop went on to say, "Our entire team has been thoroughly trained on the new requirements. Two changes that are most visible to our clients both require more extensive testing. For instance, rather than performing one test per harvest lot, we must now test for every ten pounds of flower in a lot. Also many processors and edible manufacturers will undergo a biannual process validation. This is a series of tests that ensures consistent manufacturing methods. In absence of this validation, which itself involves 20 tests, product manufacturers are subject to more tests per lot than they have performed in the past."
Signal Bay operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.
Mr. Waldrop finished up with, "These are exciting times for our company and we are growing at a rapid pace. I want to take the time to thank our entire team for their efforts in helping us to meet recent milestones. With regard to our growth rate, our Portland acquisition is being finalized and we will have more information on that topic in the coming days."
About Signal Bay, Inc.
Signal Bay, Inc., through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at www.signalbay.com or the company can be reached directly @ 1-888-544-EVIO.
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission, available at www.sec.gov or https://signalbay.com/investors.
William Waldrop, CEO
SOURCE: Signal Bay, Inc.