Bend, OR, July 19, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today an aggressive move into the Portland Oregon market.
CEO William Waldrop stated, “The last few months have been a whirlwind of activity. Recently, we surpassed the 700 account milestone and due to an increase in additional services being requested, our average annual revenue per account has jumped considerably. A cursory review suggests that we should average well over one thousand dollars per account on an annual basis. We were happy to see this uptick because it weighed heavily on our decision to expand our operations into the Portland market.”
Signal Bay operates state-of-the-art testing facilities and offers reliable testing methodologies that ensure the safety and potency of the nation’s cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.
Mr. Waldrop went on to say, “We will enter the Portland market with a huge advantage. A key player in the cannabis industry who has managed dispensaries and has been directly involved in purchasing products from growers and manufacturers has agreed to join our team. Based on his network of connections in the Portland area, we feel confident in our ability to expand operations in that market quickly. Further expansion options could increase our growth exponentially.”
Mr. Waldrop finished up by stating, “Our reputation for excellence is spreading. We offer reliable and trusted testing and consulting services that are a requirement in the cannabis industry. A quick turnaround time is critical in our business and we get that. In fact, it is an essential component of our business model. Combine that with accurate, detailed results and you can see why we’re quickly becoming the “go-to” option. We want to thank everyone for their support and we look forward to continuing our conversation with shareholders through a series of up-coming press releases.”
About Signal Bay, Inc.: Signal Bay, Inc., through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.
Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.