Business
EVIO, Inc. Announces Diversification into Blockchain
EVIO, Inc. Announces Diversification into Blockchain.
About this update from Evio, Inc.
[{"type":"text","content":"\n\n\n\nEVIO, Inc. Announces Diversification into Blockchain\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEVIO, Inc. Announces Diversification into Blockchain\nPR Newswire\nHENDERSON, Nev., Nov. 2, 2021\n\n\n\nHENDERSON, Nev., Nov. 2, 2021 /PRNewswire/ -- EVIO, Inc. (OTC: EVIO) announced today that the company is diversifying into the blockchain space. \nThe 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:\nThe 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\nEVIO, 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.\nFor more information, visit www.eviolabs.com. Safe Harbor Statement\nAny statements in this press release that are not statements of historical fact may be considered forward-lookin...