Signal Bay to Expand EVIO Labs
Cannabis Testing Division into Southern California
Signal Bay, Inc. (OTCQB:
SGBY) a leading provider of cannabis consulting, operations,
and laboratory services announced today it has executed a long-term
lease to provide its accredited analytical testing services to the
Southern California Cannabis Marketplace.
CEO Mr. William Waldrop stated, "Today marks the next step in
our progress to expand our mission of promoting clean cannabis
across the United States and Southern California is the
indisputably the largest addressable cannabis markets in the world.
According to Frontier Financial, the California cannabis market is
estimated to be $6.46 billion by the year 2020 and we have secured
our new flagship cannabis testing facility in the epicenter.
Signal Bay operates state-of-the-art testing facilities and
offers accredited testing methodologies that verify the safety and
potency 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 continued, "Our new facility located in Costa Mesa,
CA is strategically positioned located to become our hub lab for
all of Southern California. Conveniently located by the two major
freeways, this facility will be the primary processing center for
all of our spoke labs from San Diego, Inland Empire, San Bernardino
and Los Angeles. Last November, Costa Mesa residents approved
council-sponsored ballot Measure X which allowed for licensed
companies to perform cannabis extraction, product manufacturing,
distribution and most importantly testing,
About Signal Bay
Signal Bay, Inc. (the Company) is an Oregon-based life sciences
company. Through its three subsidiaries: EVIO Labs, Signal Bay
Research, and Signal Bay Services, the Company provides analytical
testing services, management advisory services and scientific
research to the legal cannabis industry. The Company's EVIO Labs
division operates state-of-the-art facilities and offers accredited
testing methodologies to ensure the safety and quality of the
nation's cannabis supply. Learn more at http://www.signalbay.com or the Company can be reached
directly @ 1-888-544-EVIO.
Safe Harbor Statement
Any statements in this press release that are not statements of
historical fact may be considered to be forward-looking statements.
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. 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 www.signalbay.com
Investor Relations:
investors@signalbay.com