LAS VEGAS--(BUSINESS WIRE)--Signal Bay Inc. (OTC:SGBY) a leading provider of cannabis consulting, operations, and analytical laboratory services is pleased to announce that it has entered into an agreement to acquire Oregon Analytical Services, LLC. expanding its cannabis testing footprint into Eugene, Oregon.
"This strategic acquisition enables Signal Bay to expand its vision of protecting patients through comprehensive product testing," said William Waldrop, Signal Bay CEO. “The Team at Oregon Analytical has done a tremendous job in growing their company over the last 18 months and is positioned to meet the upcoming legislative mandates.”
The Oregon Health Authority is currently finalizing both temporary and permanent rules for testing inclusive of standardized batch sizes and increased testing requirements to ensure patient and consumer safety.
"This is an exciting time for Oregon Analytical Services. We are thrilled to enter into an agreement to become the newest member of the Signal Bay family,” stated Oregon Analytical Services founder Sara Lausmann. “With shared visions, goals and focus we are confident that this partnership will only increase our collective ability to serve the medical and recreational marijuana markets within our home base of Oregon and beyond."
About Signal Bay, Inc.
Signal Bay, Inc., through its
subsidiaries Signal Bay Research, Inc., Signal Bay Services, Inc. and CR
Labs, Inc., provides industry research, consulting, and analytical
testing services to the legalized cannabis industry. The Cannabis
Consultant Marketplace is an online managed marketplace that enables
companies to find and engage top-tier professionals who serve the
cannabis industry. Learn more at www.signalbay.com.
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.
