Signal Bay Provides Updated Market Evaluation
Bend, OR July 28, 2016 Signal Bay, Inc. (OTC PINK:
SGBY) a leading provider of cannabis consulting, operations,
and laboratory services announced today an updated and extensive
market evaluation for the state of Oregon and additional thoughts
on the Northern California cannabis market.
CEO William Waldrop stated, As fast as the cannabis market moves
and evolves, we want to always have a clear picture of our companys
revenue potential. With that in mind, we have conducted an
extensive review of the cannabis market in the state of Oregon and
the results are extremely favorable. Wed like to share with you a
summary of the results.
Mr. Waldrop said, With our move into the Portland market,
realistically we can now serve 95% of the states 4 million
residents. Currently there are over 400 dispensaries in
the state, with 155 of those in Portland alone. There are
also over 26,000 registered medical growers in the state who serve
over 66,000 patients. As of today, there are over 1,000
pending applications on file with the state of Oregon for
recreational retailers, processors and producers combined.
Nearly half of those applications were submitted for the greater
Portland area and heres the most favorable stat of all: Anyone who
wishes to sell marijuana, whether medical or recreational will need
to have every batch tested by an authorized laboratory beginning
October 1st. With our current infrastructure, we are aggressively
pursuing a considerable percentage of the Oregon market share.
Signal Bay operates state-of-the-art testing facilities and
offers reliable testing methodologies that ensure the safety and
potency of the nations cannabis supply. As the legalization of
medical and recreational marijuana continues across the country,
demand for reliable cannabis testing facilities is increasing.
Mr. Waldrop also stated, We always want to have one eye on
current operations and the other on potential expansion and that
leads us to our current thoughts on the Northern California
cannabis market. This particular area of the state is the fastest
growing market in the cannabis industry. Geographically, Northern
California and Humboldt County in particular are fertile ground so
to speak for future expansion. We will be looking closely at our
options in that market as well over the coming months.
Mr. Waldrop finished up with a statement to shareholders. We
have submitted our current share count to OTCMarkets.com and would
recommend that all current and interested shareholders review the
latest share structure at the link below. We have more exciting
news on the horizon and we look forward to sharing with you via a
series of upcoming press releases.
http://www.otcmarkets.com/stock/SGBY/profile
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
SignalBay.com or the company can be reached directly @
1-888-544-EVIO.
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.
Contact:
William Waldrop
william@signalbay.com
(541) 633-4568