CBDNewsBreaks – EVIO, Inc. (EVIO) Increases Testing Capacity through Acquisition
EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, recently executed an asset purchase agreement to acquire 100 percent of Leaf Detective, LLC, a California-based testing laboratory. An article discussing the company reads: “In terms of the agreement, EVIO will form a new entity, EVIO Labs Humboldt, to purchase all of Leaf Detective’s business assets for a total consideration of $500,000 in the form of a Convertible Promissory Note, which is convertible at $1.25 per share. The purchase includes brand, customer lists and contracts, rental agreements, equipment and equipment leases. ……
