SANTA MONICA, Calif. — Signal Bay Inc. announced the purchase Nov. 3 of Green Style Analytics Lab in Yuba City, Calif.
The acquisition brings Signal Bay’s total testing laboratories operating under the EVIO Labs brand to five, and positions the company to capitalize on California’s large cannabis testing market.
“We are very proud to announce the first of many EVIO Labs facilities in the state of California,”said Signal Bay CEO William Waldron. “Green Style Analytics Lab currently services around 1,300 accounts throughout Northern California.”
Green Style Analytics serves cannabis growers, processors, and dispensaries in Humboldt, Trinity, Shasta, Placer, Calaveras and Sacramento counties.
Located only around four hours from Signal Bay’s Medford, Ore., location, the company believes the lab will fit seamlessly within its overall “hub-and-spokes” business model of operating cannabis testing laboratories.
In addition to the 1,300 accounts Signal Bay will inherit from the acquisition, the company will also add key personnel for its aggressive growth strategy. Signal Baynow has 31 team members working to grow its EVIO Labs division operating in Oregon and California.
Signal Bay is well-positioned to realize its stated goal of 18 EVIO Labs throughout California by the end of 2018.
Through its three subsidiaries – Signal Bay Research, Signal Bay Services and EVIO Labs – Signal Bay provides research, consulting services, and analytical testing services to the legal cannabis industry. The EVIO Labs division 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.