Signal Bay Inc (OTCMKTS:SGBY) has announced the acquisition of Green Style Analytics Lab, based in Yuba City, California. The company noted that the total number of cannabis testing labs, operating under its EVIO Labs brand, to five. This was the company’s second addition to the brand, in less than 2-weeks and was its first purchase in the state of California.

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William Waldrop, the CEO of SGBY, revealed that the Green Style labs currently service a total of 1,300 accounts, in Northern California alone. He further noted that the labs have been operating since 2010 and has strong relationships with cultivators, dispensaries and processors, in the state. Mr. Waldrop also claimed that the length of contracts and the large client base, are both reflection of efforts of the founder of the lab, Catherine Emond. Signal Bay further stated that Green Style was located strategically, just about 4-hours away from the company’s Medford location and an hour north of Sacramento.

Mr. Waldrop also pointed out that the California Prop 64 vote is scheduled for the second week of November, which makes the timing of this acquisition impeccable. He also expressed his confidence in the passing of the legislation, claiming that over 60% of the population was going to vote in the affirmative. Earlier in the week, the company had also revealed that it had acquired a lab in Portland, GreenHaus Analytical Labs.

The CEO had pointed out that Portland was the largest market, for cannabis testing, in Oregon. Apart from the strategic advantage, the company also stated that it completes their goal of building a “spoke & hub” business model, spread across the state. In accordance with this acquisition, the founder of GreenHaus, Henry Grimmett, has been appointed the president of the EVIO Labs division.

Signal Bay Inc (OTCMKTS:SGBY) lost 18.55% of its share value, during the November 4 trading session, to close at $0.0325 per share.