EVIO INC - EVIO STOCK NEWS

EVIO, Inc. (OTC:EVIO) announces significant growth for its subsidiary Coast to Coast Contracting and Consulting in Volusia County, FL, following Hurricane Ian. The demand for licensed general contractors has surged as recovery efforts continue, resulting in over $1 million in potential contracts. Coast2Coast is actively recruiting additional contractors to meet this demand. CEO William Waldrop highlights the company’s efforts in assisting homeowners navigate insurance claims for repairs. With Tropical Storm Nicole approaching, further demand increases are anticipated.

EVIO, Inc. (OTC PINK:EVIO) announced the successful completion of a debt restructuring plan, settling approximately $596,000 of debt for about $205,000. This restructuring is part of a broader cost reduction strategy aimed at achieving profitability, which will be detailed in future updates. The debt was linked to the acquisition of Leaf Detective, LLC, and a related lawsuit will be dismissed post-settlement. The settlement proceeds came from asset sales to PREE Laboratories, without issuing new stock.

EVIO, Inc. (OTC PINK: EVIO) has initiated the process to become a fully reporting and audited firm by engaging Spotlight Media Corp. for compliance services. The agreement entails a $5,000 monthly payment for three months to facilitate the audit. This move is essential for establishing trust with investors and is a prerequisite for uplisting to the OTCQB. The collaboration aims to implement effective accounting practices and timely reporting. Management expresses optimism regarding the partnership to enhance transparency for shareholders.

EVIO expands its subsidiary Coast to Coast Contracting and Consulting in Florida by adding Roofing and Restoration Services. After a successful first month, Coast2Coast is solidifying its pipeline and focusing on client acquisition. The company aims to minimize operational costs while partnering with a licensed roofing contractor, retaining 60% ownership. CEO William Waldrop highlighted positive preliminary results and the strategy to grow construction and pharmaceutical services without needing outside capital.

EVIO, Inc. (OTC:EVIO) announced its subsidiary Greenhaus Analytical Labs has signed a letter of intent with Coast to Coast Contracting and Consulting to expand into the Florida construction market. This non-dilutive transaction allows Greenhaus to operate independently as a licensed general contractor. The Florida construction market is projected to reach $171.4 billion. Furthermore, EVIO has withdrawn its Tier 1 Regulation A offering due to current market conditions, aiming to reevaluate opportunities in the mining sector while managing its existing debt.

HENDERSON, NV / ACCESSWIRE / May 3, 2022 - EVIO announced the sale of its Portland Analytical Testing Lab for $850,000 to PREE Laboratories. This transaction is aimed at alleviating over $3M in debt and is pending approval from the Oregon Liquor Control Commission. The sale includes essential assets like the customer list, equipment, and testing license. Additionally, EVIO has closed its Berkeley-based C3 Labs. The company is shifting away from U.S. cannabis operations in pursuit of a diversified business strategy, including transitioning into mining operations.

EVIO, Inc. (OTC:EVIO) has announced the return of William H. Waldrop as President and CEO. Waldrop had previously led the company for six years, focusing on growth strategies. His temporary departure in late 2020 was due to health reasons. Lori Glauser transitions to COO, emphasizing blockchain technology and debt reduction measures. Waldrop aims to improve shareholder value without a planned reverse stock split and acknowledges potential impacts from debt conversions. The company continues to explore diversification in its holdings.

EVIO, Inc. (OTC: EVIO) announced a strategic partnership with Rare Earth Genomics Texas, LLC (REG) to enhance hemp research and development. This collaboration aims to optimize hemp strains through various projects, including terpene analysis, cannabinoid quantification, and soil remediation assessments. REG, working with Texas A&M AgriLife Research, will leverage EVIO's analytical testing expertise gained over three years. This partnership is positioned to support REG's goal of becoming a leading industrial hemp entity, fostering innovation in hemp cultivation and improving harvest success.

EVIO, Inc. (OTC: EVIO) has announced a partnership with Chroma Signet to offer blockchain verification services for cannabis, hemp, and CBD products. This collaboration aims to enhance product authentication, addressing issues such as improper tracing of genetics and counterfeit test results. EVIO will assist customers in joining Chroma Signet's Decentralized Autonomous Organization (DAO) to facilitate the acquisition of non-fungible tokens (NFTs) for verifying product origins. This initiative marks a significant step for EVIO into the blockchain sector, as stated by CEO Lori Glauser.