EVIO, Inc. Announces Diversification into Blockchain
03 November 2021 - 12:00AM
InvestorsHub NewsWire
EVIO,
Inc. Announces Diversification into Blockchain
HENDERSON, NV
-- November 2, 2021 -- InvestorsHub NewsWire -- EVIO, Inc.
(OTC:
EVIO) announced today that the company is diversifying into the
blockchain space.
The company has
identified a substantial opportunity to generate return on capital
through engagement of strategic investments in blockchain
technologies. There are initially two areas that the company will
engage:
- The company is
evaluating opportunities to leverage distributed ledger
technologies (“DLT”) to dramatically improve the way cannabis and
pharmaceutical test results and product metadata are authenticated,
accessed, and securely transmitted between
owners.
- The company is
also negotiating the acquisition of cryptocurrency mining
equipment. The company believes in the future of
cryptocurrency, and with recent relative price of coins and cost of
mining equipment, mining can provide high annualized returns
and provide better stability to our balance
sheet.
CEO Lori
Glauser says “Now that the blockchain ecosystem is maturing, EVIO
is in a unique position to offer to its hemp and cannabis growers,
breeders, product manufacturers and brands new ways to demonstrate
authenticity of its products and drive interest in their brands.
Meanwhile, cryptocurrency mining provides a way to diversify into
the blockchain space with an effective use of
capital.”
About
EVIO
EVIO, Inc. is a provider of analytical testing services for
cannabis, hemp, and CBD products. EVIO maintains full-service,
licensed and accredited laboratory operations
in California, Oregon, and Canada. EVIO also
provides clients with quality analytical R&D and consulting
services to help them produce the best, compliant
products.
For more
information, visit www.eviolabs.com.
Safe Harbor Statement
Any statements in this press release that are not statements of
historical fact may be considered forward-looking statements
pertaining to 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, the Company's ability to complete product testing
and launch product commercially, the acceptance of 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 Company reports filed
with the Securities and Exchange Commission, available
at www.sec.gov or www.eviolabs.com.
For Further Information contact Lori Glauser, Interim
CEO. info@eviolabs.com
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