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Signal Bay Inc. Acquires Kenevir Research

Ryan Allway

June 6th, 2016

News, Top Story

Signal Bay Inc. (SGBY) a leading provider of cannabis consulting, licensing, compliance and laboratory services, is pleased to announce that its wholly owned subsidiary EVIO Labs has completed the acquisition of a majority stake in Kenevir Research of Medford, Oregon.  Founded by Dr. Anthony Smith, Kenevir Research is a full service analytical cannabis laboratory providing compliance testing services in Southern Oregon since 2014.

“This acquisition puts EVIO Labs in reach of 75% of the Oregon cannabis marketplace” said EVIO Labs CEO William Waldrop. “The great work done to date by Dr. Smith and his team at Kenevir positions EVIO to leverage our labs in Eugene and Bend to provide an economy of scale and level of service that we believe cannot be matched in the state of Oregon.”

Following the announced acquisition of Oregon Analytical Services in Eugene, OR in May of this year and the acquisition of Cannalytical Research in Bend, OR in 2015, EVIO Labs has now increased its lab portfolio to three operating analytical cannabis testing facilities in Oregon.

“We are very proud to join with EVIO Labs and definitely look forward increasing our service offerings with our partners in Eugene and Bend,” said Dr. Smith “the potential research opportunities are also on the horizon now that we have access to such a large team dedicated to learning more about the chemical profiles of this amazing plant, cannabis.”

Dr. Smith has been appointed the Chief Science Officer of EVIO Labs and will oversee all of EVIO Labs facilities.

The Oregon acquisition is just the beginning of EVIO Labs plan, the next step is to identify a prospective location in the Portland metropolitan area as we work to be in a position to provide cannabis lab services to 100% of the Oregon cannabis marketplace and the estimated ten million dollars in testing revenues generated annually,” stated Mr. Waldrop “and of course we are continuing to work on our announced expansion into California later this year, first in the heart of the largest cannabis marketplace on earth, the Emerald Triangle, in Northern California and then into the largest concentrated area of cannabis consumption in the world, Southern California, 2016 is shaping up to be a banner year.”

About Signal Bay, Inc.

Signal Bay, Inc., through its subsidiaries Signal Bay Research, Inc., Signal Bay Services, Inc. and EVIO Labs, Inc., provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at www.signalbay.com and www.eviolabs.com.

Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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