• In July 2017, POTN had a 30% jump in sales to nearly $1.5 million versus June 2017
• Research report estimates $8.4 million revenues in FY2017, notes POTN plans for international expansion with initial focus on China
• Aggressive marketing strategy and branding means more POTN sales and retail placement from increased exposure at trade and sporting events

PotNetwork Holding, Inc. (OTC: POTN) revenues are projected to reach greater than $30 million by FY2019, $16.7 million in FY2018 and $8.4 million this fiscal year, according to SeeThruEquity, LLC (http://dtn.fm/kSHT9).

POTN is a holding company for subsidiary First Capital Venture Co., which owns Diamond CBD, Inc. Diamond CBD focuses on research and development and multi-national marketing of premium hemp extracts that contain a wide range of cannabinoids based on premium hemp-based extracts and other cannabinoids and hemp-based derivatives. Primarily, it is in the smoke/vape shop industry and is an exhibitor of trade shows in that industry. It markets hemp-based cannabinoid (CBD) extracts, edibles, vapes, creams and other products.

Sales for July 2017 reached $1,459,137, a 30% jump from the prior month. The company announced sales of $5,077,625 for the first six months of FY2017 with a net profit of $369,237. SeeThruEquity has set a price target of $0.25 for the POTN stock and in its report projected that the company will attain a net income of $2.7 million in FY2019.

The report noted that POTN achieved a gain of 178% in year-over-year revenues in 1Q2017. It projects sales of $8.4 million in FY2017. It also acknowledged the company’s aggressive approach to marketing and planned entry into new markets, such as China.

POTN is making its presence felt at high profile industry trade shows. The company has announced its sales of some $820,000 at three such shows in just the past two months: the BIG Industry Trade Show, CHAMPS and Market Week Event. The company has also sought to raise its exposure sponsoring two contenders at the high profile Floyd Mayweather vs. Conor McGregor fight in Las Vegas. SeeThruEquity sees POTN’s publicity efforts as gaining sales traction, brand recognition and retail placement.

It is also eyeing international expansion. The report said that POTN is anticipating entering China with a partner. Additionally, the company is looking at CBD markets in South America including Peru, Bolivia, Ecuador and Chile, the report said.

It is estimated that by 2020, the hemp-based CBD’s product market will reach $1.8 billion, according to Hemp Business Journal (http://dtn.fm/s5NjH). POTN’s line includes Gummy Bears, Sour Bears, Gummy Rings, Rainbow Bites and Choco Peanut Butter, among others.

For more information, visit the company’s website at www.PotNetworkHolding.com

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• AppSwarm helps build, market and sell applications through mergers and acquisitions, joint ventures, partnerships and various other agreements
• The company is aiming for $6-7 million in revenue by FY 2018, tapping into the nearly $100 billion global games market
• The app market hit $1.3 trillion in 2016, and AppSwarm’s agreements with major app stores can help developers get to market sooner

In 2016, the global games market generated nearly $100 billion in revenue. AppSwarm, Inc. (OTC: SWRM) has built a business model that enables it to work with application developers and entrepreneurs who are great at creating ideas, but need a helping hand with marketing their products. AppSwarm has the financial resources to assist small application development firms and young entrepreneurs. It employs many strategies, depending on the individual business relationship. The firm has grown through acquisitions and by entering joint ventures and partnerships, royalty agreements and stock purchase agreements.

The company recently announced that it is striving for $6-7 million in revenue by FY2018 (http://dtn.fm/7HDlc). A strong presence in the business, e-commerce, and general games market can help it get there. AppSwarm has structured its model to cater to historically profitable software developers that show growth potential. Merging with such companies, even small developers, gives them the needed financial resources, marketing tools and business management assistance to further their products.

A unique business model is centered on what the company calls the “Swarm.” This process focuses on engagement and retention, the performance of target applications and developers, and a monetization model. Four key revenue streams are implemented. The company is strongly involved in completing the concept and development phase and conducting all necessary functions to get the product on the market. It provides direct sales services as well. Together, these service offerings allow for the incubation of apps from ideation to sale to the end user.

AppSwarm is also active in social game development, both internally and through redeveloping existing apps. Other revenue streams include casino and movie-themed role-playing applications, but the company has also profited by partnering with many different entities, offering financial, operations and marketing resources and expertise. Providing cost-efficient processes to its partners and clients has made SWRM a viable choice for developers looking to give their products a boost.

The app market reached $1.3 trillion in 2016, according to App Annie. Expected to grow substantially over the next few years, the app market is extremely volatile and includes almost every product and service sector. Purchases such as Urban Bamboo Designs, a business serving environmentally conscious consumers looking for quality, stylish products, and VR World, a maker of virtual reality and augmented reality applications, have enabled SWRM to tap into lucrative revenue streams. It has even entered the business applications segment, thanks to a PDF document scanner that works with iPhones and iPads.

An ability to expedite development, financing, creation, and marketing and sales is allowing the company to tap into the large and growing global app market. Agreements with major app stores are in place. AppSwarm can therefore fast track applications so developers can launch their software, satisfy demand in key niches and turn a profit without extended wait periods. The agreements SWRM is capable of managing are enabling it to rapidly increase its presence in the global market.

For more information, visit the company’s website at www.App-Swarm.com

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• Leading the way was InfuSystem Holdings (NYSE MKT: INFU), which grew 23%
• Russell 2000 Index increased 1.3%, faster than other major indices
• Second week in a row Bowser Stocks surged higher

Bowser small cap stocks grew 2.6% for the week ended September 22, outperforming major indices, according to The Bowser Report Weekly. InfuSystem Holdings (NYSE MKT: INFU) led the way, growing 23% for the week. Ironically, INFU was the single biggest loser the prior week, with The Bowser Report Weekly attributing that selloff to an increase in volatility. The company provides infusion pumps and related services to medical facilities.

It was the second week in a row that Bowser Stocks showed growth. The Russell 2000 index grew at a 1.3% rate, outperforming the major indices. The Dow Jones Industrial Average (DJIA) grew just 0.4%, and the S&P 500 was up only 0.1%. The report said that smaller stocks are exhibiting relative strength for the one-month period. It expects, though, a loss of growth momentum at a historical supply zone.

The second biggest gainer was Nova Lifestyle (NASDAQ: NVFY), which showed 18% growth. That stock is now up 54% from its 52-week low. The company earlier announced in a press release that it was receiving an award and also expecting growth in the fourth quarter, driven by new product launches and an increase in consumer demand. It is a California-based consumer furniture manufacturer.

For the week, 32 Bowser stocks showed growth and only 11 were in the red. The report added that gold experienced a sharp pullback for the week due to the strength of the U.S. dollar. The report attributed that to a Federal Reserve decision to leave interest rates unchanged.

For more information, refer to The Bowser Report Weekly

• Clinical studies of TurboCBD™ a topic of discussion at Canadian Securities Exchange-sponsored “Cannabis in the Capital Markets” event
• Patents cover variety of lipophilic bio-actives, including cannabinoids, nicotine and vitamins
• Growing portfolio of intellectual property includes 19 patents filed across 44 countries

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), through its proprietary technology for delivering bioactive compounds in lipid formulations, offers licensed partners the ability to include cannabidiol (CBD) in a variety of ingestible products appropriate for medical patients and recreational users alike. In a new report, Grand View Research, Inc., states that the global market for medical cannabis alone is expected to reach a stunning $55.8 billion by 2025 (http://dtn.fm/RfL4n). An increasing interest in the therapeutic value of cannabinoids, especially those delivered in products that can be ingested and not smoked, is one of the main forces driving the market forward, per the report.

Lexaria’s pioneering TurboCBD ™ product presents a revolutionary way to enhance absorption of the benefits CBD provides without having to endure the often unpleasant flavors associated with cannabis compounds. Lexaria’s technology is patent-protected for cannabidiol (CBD) and all other non-psychoactive cannabinoids, with patents pending for THC (tetrahydrocannabinol) and other psychoactive cannabinoids, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and additional molecules.

Dr. Philip Ainsle of the University of British Columbia (UBC) is the principal investigator of Lexaria’s first clinical study of the high-absorption properties of TurboCBD™. The study will evaluate the effects of TurboCBD™ on the cognitive function and cardiovascular health of human volunteers. Dr. Ainsle, co-director of the Centre for Heart, Lung and Vascular Health at the UBC Okanagan Campus in Kelowna, Canada, presented a project update at the Canadian Securities Exchange-sponsored “Cannabis in the Capital Markets” event on September 27 (http://dtn.fm/GV8iN). Lexaria representatives are also scheduled to speak in October at the Southwest Cannabis Conference and Expo in Phoenix, Arizona.

As a business-to-business enterprise, Lexaria’s reach extends to companies located in Canada, several large market states in the U.S., and internationally. An 18-month co-funded research project is underway with Canada’s National Research Council to investigate opportunities associated with bioavailability enhancement of lipophilic active agents – including those within cannabinoids, vitamins, NSAIDs and nicotine. Results from this study could provide Lexaria with a chemical or physical “fingerprint” that could help to identify Lexaria’s technology at work in consumer products.

Lexaria’s technology is capable of helping companies lower costs while providing the best consumer benefit possible. Several third-party partners have signed deals, letters of intent or memorandums of understanding to utilize Lexaria’s proprietary technology for both THC and CBD products where allowed by law. Lexaria and its partners are targeting markets in Canada, the U.S., Japan, South Korea, Mexico and more. Lexaria’s royalty revenue model includes a range of between five and 10 percent of gross sales.

As a bioscience technology disruptor for edible cannabinoids, Lexaria has several branded CBD products available, including protein energy bars, CBD tablets that contain zero sugar, premium teas and TurboCBD ™ in a high absorption, full spectrum hemp oil capsule. Led by CEO Chris Bunka, Lexaria’s management team includes professionals with extensive experience in pharmaceutical and bioscience sectors, invention, toxicology, consumer goods and other relevant skill sets.

For more information, visit the company’s website at www.LexariaEnergy.com

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Bitcoin, the digital currency at the center of some trade volatility after the Chinese government issued its clamp down order on the cryptocurrency, is surviving nicely, as prices rose above the $4,100-mark on Thursday. Believers in the virtual currency say that, in spite of several indications that government regulations are going to be part of its future, there are plenty of opportunities to use bitcoin now to purchase tangible assets.

Case in point – if you happen to have $2.9 million in bitcoin lying around in your virtual wallet, you could use it to buy a luxury, 5,000-square-foot, seven bedroom, 4.5-bath house situated next door to Robert Redford’s home in gorgeous Sundance, Utah, according to the Salt Lake Tribune (http://dtn.fm/6AScf). Kevin Adell, a media mogel who runs a religious broadcasting network headquartered in Michigan, placed his Sundance property on the market the conventional way but didn’t get any takers. So, now, he’s offering to take bitcoin – and a lot of them.

Based on Thursday’s market valuation, one bitcoin is worth $4,189.42, which translates into approximately 693 bitcoin for the mansion. Adell, whose home is advertised as a “river house” on bitcoin-realestate.com (http://dtn.fm/f2A2e), says a title company has been lined up to convert the digital currency into cash.

“We’ll look for a buyer who has accumulated bitcoins when they were worth $1,” Adell is quoted in the article. “Now that they’re worth $4,000, they can convert them into a tangible asset. This opens a market for those people.”

Bitcoin investors who don’t have quite that much can still find plenty of companies accepting bitcoin as payment for goods. Among the more well-known companies accepting the cryptocurrency are Microsoft, Reddit, Virgin Galactic, OkCupid, Expedia, Newegg.com, Steam (an online desktop gaming platform), the Libertarian Party, and Overstock.com. There are also plenty of smaller companies dipping their marketing toes into the cryptocurrency world by advertising their willingness to accept bitcoin (http://dtn.fm/2iweN).

Fidelity Investments, one of the world’s largest investment firms with $2.3 trillion in managed assets, said Thursday that the company has made several venture investments in bitcoin-related businesses. Fidelity’s chief executive, Abigail Johnson, said the firm is also looking at applications of blockchain technologies as it works with several leading universities (http://dtn.fm/wA5qe). Johnson, who is said to be a huge proponent of the digital currency, spoke publicly about Fidelity’s ventures into cryptocurrency earlier this year at Consensus, a bitcoin-themed conference in New York.

Bitcoin’s status as a top news maker will continue as regulation legalizing bitcoin exchanges comes online on October 1 in Japan. Following China’s recent ban on bitcoin exchanges, Japan has become the world’s largest bitcoin exchange market. Part-time Sundance resident Adell will be one of many people closely watching what happens as numerous nations around the globe begin to consider regulating bitcoin and other digital currencies.

• Canopy Growth would license and exclusively sell certain Skinvisible Pharmaceutical topical products in Canada while having first rights to market those products in all countries except China and the U.S.
• Skinvisible to develop Invisicare® technology hemp-based products to be sold under license by Canopy Hemp Corporation in Canada
• Skinvisible’s Invisicare® technology cannabis-based topical products in the future, if and when THC- and CBD-infused products are legalized in Canada, are also in the agreement

Skinvisible Pharmaceuticals, Inc. (OTCQB: SKVI) and Canopy Growth Corporation (TSX: WEED) (OTC: TWMJF) have announced a definitive agreement for Canopy to license and have exclusive marketing rights to Skinvisible’s topical treatments in Canada (http://dtn.fm/N25lZ). Canopy shall have the first right of refusal to do the same for all other countries, except for China and the United States.

The agreement concerns Skinvisible’s two distinct product lines made of Invisicare® technology. Skinvisible will create unique topical hemp-based products to be launched by Canopy Hemp Corporation in Canada. Further, it would call for potential cannabis-based topical products, using Invisicare® technology when and if regulations allow the sale of CBD- or THC-infused topical products in Canada.

Skinvisible Pharmaceuticals is a R&D company that licenses its proprietary formulations made with Invisicare® in topically-applied products. Those products are designed to hold active ingredients on the skin for extended time periods, allowing for controlled release of actives. Invisicare® is a technology with 14 international patents and is able to offer improved delivery of ingredients (CBD or THC). The company notes that demand for topically-delivered cannabis is growing.

Canopy Growth is a diversified cannabis company that offers curated cannabis in dried, oil, and capsule forms. The company, which has numerous greenhouses and other production facilities, has already entered numerous partnerships with leading firms for sales in Canada and abroad. Canopy Growth has interests and operations on four continents globally and sells cannabis products, conducts R&D and educates healthcare practitioners.

“This agreement will have an immediate impact on our hemp product lines as this proven technology can be applied to a hemp oil product in today’s regulatory environment,” said Mark Zekulin, president of Canopy Growth.

President Terry Howlett of Skinvisible added, “This agreement with Canopy Growth Corporation is a significant milestone for Skinvisible. Canopy Growth is the leader and innovator in the cannabis space with over half a million feet of GMP-certified cannabis cultivation, a robust hemp operation, multiple commercialized brands in Canada, and rapid international expansion and partnerships underway including Germany, Australia, Brazil, Chile, Denmark and Spain.”

For more information, visit the company’s website at www.CanopyGrowth.com

• CIIX is pursuing the $7.2 billion legal cannabis market with hemp-based cannabidiol (CBD) products; CIIX showed a 76% year-over-year operating revenues gain in FY2017
• Dickman previously served as CFO from 2010-2016; Warren Wang, CIIX’s CEO, said Dickman will “build an infrastructure that supports long-term growth”
• CIIX has plans to launch a hemp-based line of skin care products in China by year-end 2017 and is already marketing a line of hemp-infused cannabidiol products, “OptHemp,” through its U.S. subsidiary

ChineseInvestors.com, Inc. (OTCQB: CIIX) announced in an 8K SEC filing (http://dtn.fm/Sd9Dy) that Paul Dickman has returned as its chief financial officer, effective September 25, 2017. He served earlier as CFO of the company from July 2010 through October 2016. In his new position, he remains on the company’s board of directors and, as CFO, will now also be responsible for leading CIIX’s financial operations as well as instituting the company’s financial plan and strategies.

CIIX is aggressively pursuing the $7.2 billion legal cannabis market (http://dtn.fm/KTq4i) with hemp-based cannabidiol (CBD) products targeted at the global Chinese-speaking community. By the end of 2017, it plans to market a hemp-infused skin care line in China through its CBD Biotechnology Co., Ltd. subsidiary. It is already marketing its OptHemp line of hemp oil-based products through its U.S. subsidiary, ChineseHempOil.com, Inc.

CIIX’s goal is to become the primary Chinese publicly traded company offering real-time financial information on its website. It conducts research & development on cannabidiol, as well as providing global retail distribution to the Chinese-speaking community. It has an online store based in the free trade zone of Shanghai, China, and plans to open a brick-and-mortar unit in San Gabriel, California. It markets hemp-based, legalized cannabidiol and other health products as well as planning the debut of a subscription website which will have the latest news on cryptocurrencies, such as bitcoin.

CIIX’s year-over-year operating revenues grew by 76% in FY2017. The consumer market for hemp-derived cannabidiol products is projected to grow at a 55% compound annual growth rate (CAGR) from $170 million in 2016 to $1 billion within three years (http://dtn.fm/fIoH8). Consilium Global Research projects that CIIX sales will reach $14.8 million by FY2020, skyrocketing at a CAGR of nearly 100% (http://dtn.fm/d6wNC). It also projects that the global CBD industry will reach $2.1 billion in consumer sales by 2020, propelled by a CAGR of about 80%.

“We are incredibly fortunate that Paul has agreed to return as our Chief Financial Officer,” Warren Wang, founder and CEO of CIIX, stated in a news release. “We look forward to his contributions in the financial and contractual management of the Company’s growth. Moreover, Paul shares our passion for excellence, innovation and entrepreneurial thinking. I am confident that Paul will serve effectively as our CFO just as he did in the past, helping us to build an infrastructure that supports long-term growth.”

For more information, visit the company’s website at www.ChineseInvestors.com

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• Innovative Global Reserve Platform enables seamless international payments
• “Banking in a box” Global Reserve Platform provides full front-to-back office processing for banks
• Solutions serve the global logistics industry, high-risk sectors and more

In a recent interview (http://dtn.fm/S87yv) with NetworkNewsWire, Global Payout, Inc. (OTC: GOHE) CEO James Hancock detailed where the innovative payment solutions company has been, where it is now, and where it plans to be in the future.

Global Payout is a frontrunner in the FINTECH revolution (http://dtn.fm/B8cnL), offering versatile and innovative solutions for domestic and international organizations distributing money on a global scale. The company’s solutions include a cutting-edge “banking in a box” fintech payment system designed for online and mobile applications. This Global Reserve Platform solution enables account holders to maximize a full array of financial services while reducing operational costs.

This FINTECH system was built on the foundation of Global Payout’s original online payment platform, the Consolidated Payment Gateway (CPG). Introduced in 2014, the CPG made it possible for enterprise clients to transfer money to international bank accounts, mobile accounts and prepaid card accounts.

Global Payout’s origins date back to 2009, when it was founded as a prepaid card company, as Hancock explains in the interview. As Global Payout began dealing with international companies, it was realized that international connections were needed to properly serve them. Global Payout was obliged to go outside of the United States to acquire international issuing banks, as well as Visa and MasterCard.

Company leaders realized that while prepaid cards were good, what the world needed was a platform that enabled the movement of money to bank accounts in particular countries. Businesses were in need of an immediate and more responsive means of paying certain employees than was afforded by prepaid cards.

Rising to the occasion, Global Payout began developing the CPG to meet business-to-business needs rather than business-to-consumer. The platform enabled businesses to quickly, efficiently and cost-effectively make payments to employees and other individuals who lived outside the United States. Subsequent enhancements to the CPG have resulted in Global Payout’s Global Reserve Platform, which has integrated bank networks worldwide and, thereby, simplified the process of transferring money between businesses on an international scale.

This web-based platform:

• Has provisions for blockchain technology within virtual currency markets, including bitcoin
• Adopts 26 foreign languages at present
• Performs currency exchange on a global level
• Offers KYC compliance for all account holders and merchants

As Global Payout continues to grow, its efforts to identify the most profitable business segments have also increased. Current primary targets for the company include:

• Logistics and shipping
• International travel companies
• Banks
• Small to medium-sized businesses
• The cryptocurrency and marijuana industries

A lack of fast and cost-effective payment options for companies in these industries opens the way for Global Payout to experience great success. The response from logistics leaders, for instance, has been exceptional. The efficacy of the Global Reserve Platform as a solution for supply chain companies is illustrated by a licensing agreement Global Payout recently signed with Cagney Global Logistics. Global Payout is also in negotiations with commercial banks, cannabis enterprises and entities in the cryptocurrency market.

For more information, visit the company’s website at www.GlobalPayout.com

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• Versatile extraction process applicable to both water-wet and oil-wet sands
• Green technology will save wildlife
• Closed loop technology uses less water than traditional open loop processes

Tailings ponds, despite an innocuous name that makes them sound like an amusement park feature, are anything but amusing. They are as potentially treacherous as serpents hidden in the grass and remain so only because news reporting on their alarming threat has been scant. Containing mammoth quantities of residual toxic sludge, tailings ponds scar the landscapes already disturbed by the oil-sands industry. As if to highlight their destruction, many in Alberta, the hub of Canada’s industry, are decorated with bizarre orange anthropomorphic figures. These scarecrows are a feeble attempt to keep birds away. Many do not and perish slowly, ensnared by the paralyzing paste. Nevertheless, the peril to the environment posed by tailings ponds may soon abate. Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed a unique, environmentally-safe, continuous flow, closed loop technology – a first in North America and probably in the world – that is likely to make tailings ponds for oil sands a relic of the past.

A tailings pond is a wet storage area for the unwanted residual material or ‘tailings’ left behind after mining and extracting resources, such as bitumen from oil sands. Tailings ponds allow the tailings to be continuously submerged, although some tailings can be ‘dry covered’ under soil. They are usually engineered structures but, in some instances, natural bodies of water have been turned into such dumps, which altogether ‘now cover 176 square kilometres and hold enough liquid to fill the equivalent of 390,000 Olympic-sized swimming pools’, according to the Toronto Star (http://dtn.fm/BCll2). CBC News has reported on a Canadian government federal study of 2014 that found ‘Alberta’s oil sands are polluting ground water and seeping into the Athabasca River’ (http://dtn.fm/z3eZ2). The extraction process developed by Petroteq could put an end to all that, since the technology is closed loop.

Petroteq Energy is focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, and, so, its oil-sands extraction technology does not require tailings ponds. The only elements that ever leave the closed-loop system are the extracted crude oil and the cleaned sands, which can be placed back in the earth or sold as clean sand for construction or fracking purposes.

This extraction technology is the result of almost five years of research by Petroteq’s research and engineering teams, headed up by the company’s chief technology officer, Dr. Vladimir Podlipskiy, well known for his work with benign solvents. During this time, Petroteq has gradually enhanced and improved the efficiencies of its technology at each stage of fabrication with better dryer/mixer components and a higher consistency of oil sands flow. The extraction technology is versatile; it can be effectively applied to both “water-wet” deposits, such as the oil sands in Alberta, Canada, or “oil-wet” deposits, such as the resources typically found in Utah.

It also solves the water problem. Processing oil sands requires large volumes of water, ‘about 3 barrels of fresh water to produce one barrel of oil’, according to Oil Sands Magazine (http://dtn.fm/qH4II). This poses a particular challenge to western U.S. states like Utah, which are relatively arid. Petroteq’s extraction technology utilizes no water in the extraction process. It also produces no greenhouse gases and requires no high temperatures or pressures. In addition, the technology extracts up to 99 percent of all hydrocarbon content and recycles almost all the benign solvents. This certainly looks like technology that could protect the environment and the droves of geese, ducks, swans, and other species that cannot tell the difference between a tailings pond and a sparkling spring.

For more information, please visit www.Petroteq.energy

• Name change to EVIO, Inc., from Signal Bay, Inc., reflects fact that EVIO Labs division generates majority of company volume
• New ticker symbol of EVIO will become effective October 3, 2017, for the legalized cannabis industry’s quality control testing and ancillary advisory services company
• Reverse stock split is positioned to attract institutional investors to provide funding for company’s vision of becoming a leading biotechnology firm in the cannabis industry

EVIO, Inc. (OTCQB: SGBYD) has changed its name from Signal Bay, Inc. and also announced a reverse stock split (http://dtn.fm/Set9Z). The life science company will also have a new ticker symbol, EVIO, effective October 3, 2017, pending approval. EVIO Labs provide the cannabis industry with accredited analytical testing and scientific research.

EVIO engineered the 1:100 reverse stock split in order to reduce its outstanding shares from three billion to one billion. After the split, the par value of each share of common stock remains unchanged.

“We are excited about the future direction of the Company, under the new name of EVIO, Inc.,” William Waldrop, EVIO CEO, stated in a news release. “We aligned the corporate name with our EVIO Labs Division which accounts for a majority of our revenue and lays a foundation for becoming a leading cannabis biotechnology company. Furthermore, with the effectiveness of the reverse stock split, we structured the company to be best positioned for institutional investors to provide the necessary funding to complete our vision. These are exciting times to be part of the fastest growing industry in the world, and EVIO is now positioned to take full advantage of this opportunity.”

Additionally, the company has licensed its brand and cannabis technology in Colorado to Phytatech CO, LLC. Phytatech will now operate under the EVIO Labs brand (http://dtn.fm/BSrz4).

For more information, visit the company’s website at www.EVIOLabs.com