EVIO, Inc. Announces Diversification into Blockchain
November 02, 2021 at 09:00 am EDT
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EVIO, Inc. announced 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 the company's balance sheet.
EVIO, Inc. is a diversified holding company. The Company provides analytical testing services to the agricultural and pharmaceutical industries, primarily for cannabis, hemp, and related products. The Company offers residential and commercial construction services. The Company also offers research and development and consulting services for participants in the cannabis and hemp industries. The Company tests products to verify the regulatory requirements for sale. Its subsidiaries include Smith Scientific Industries, LLC; Greenhaus Analytical Labs, LLC; Viridis Analytics, LLC; EVIO Labs OR, Inc.; C3 Labs, LLC; EVIO Labs Humboldt, LLC and Keystone Labs, Inc.