Evio
EVIO Inc. (OTC: EVIO) operates an ISO 17025 accredited network of analytical testing laboratories serving licensed cannabis, hemp, and CBD producers across Oregon, California, and Canada with compliance and advisory testing services.
- Company typePublic
- Founded2014
- HeadquartersHenderson, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Evio does
EVIO Inc. (OTC: EVIO) is a publicly traded provider of ISO 17025 accredited analytical testing and advisory services for the cannabis, hemp, and CBD industries, headquartered in Henderson, Nevada. Founded in 2014 (originally as Signal Bay), the company operates a network of licensed laboratories across North America, with current operations in Oregon (Portland and Medford), California (Berkeley, operating as Steep Hill California via C3 Labs LLC), and Canada (Edmonton, via a 50%-owned Keystone Labs subsidiary). EVIO's core offering is state-mandated compliance testing for regulated cannabis products — potency (up to 13 cannabinoids), terpenes (42), pesticides (66), heavy metals, residual solvents, microbial contaminants, moisture, and mycotoxins — alongside an expanding portfolio of differentiated services including Next Generation Sequencing (NGSS) genomic pathogen detection, DNA-based plant sex determination, Vitamin E Acetate screening (added post-EVALI), and the Hemp & CBD Safety Panel.
Underlying technology is rooted in conventional analytical chemistry (UHPLC chromatography, mass spectrometry) and molecular biology (DNA sequencing, metagenomic assembly), not proprietary AI/ML systems. The company monetizes through per-test, quote-based pricing for compliance panels and a premium same-day potency testing tier, distributed via direct B2B sales teams at lab locations and the national self-serve hemptesting.com platform launched after the 2018 Farm Bill. In 2021, EVIO filed Form 15 to suspend SEC reporting obligations and pivoted strategically toward blockchain-based product authentication (Chroma Signet partnership) and cryptocurrency mining as balance sheet diversification, while discontinuing operations in several previously entered geographies.
Evio firmographics
Firmographics- Name
- Evio
- Legal name
- EVIO Inc.
- Website
- https://eviolabs.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EVIO Inc. (OTC: EVIO) operates an ISO 17025 accredited network of analytical testing laboratories serving licensed cannabis, hemp, and CBD producers across Oregon, California, and Canada with compliance and advisory testing services.
- Ownership category
- akta.pro rank
Evio industry classification
Industry- Product category
- Cannabis and Hemp Analytical Testing Services
- NAICS
- Testing Laboratories and Services (541380)
- SIC
- Services-Testing Laboratories (8734)
- akta.pro primary industry
- Food Testing Laboratories (Microbiological, Chemical, Allergen) (AFALAAAA)
- akta.pro secondary industry
- Residue & Contaminant Testing (Pesticides, Vet Drugs, Mycotoxins, Heavy Metals) (AFALAAAF)
Keywords
Where Evio is headquartered
LocationHeadquarters
- HQ city
- Henderson
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Evio business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel
Revenue model
- Cannabis Compliance Testing: State-mandated analytical testing services for regulated cannabis products. Revenue is generated on a per-test basis for flower, trim, manufactured products, biomass, crude oils, isolates, distillates, edibles, patches, and aerosols. Tests include potency, pesticides, heavy metals, residual solvents, microbial, and terpenes. Services include same-day potency testing at a premium fee and standard three-day full compliance testing.
- Hemp and CBD Product Testing: ISO 17025 accredited testing for hemp and hemp-derived CBD products nationwide through hemptesting.com. Includes the Hemp and CBD Safety Panel, compliance testing for federal and state requirements, and USDA-required DEA-certified laboratory testing. Revenue from testing fees per sample.
- Consulting & Advisory Services: Quality analytical R&D and consulting services to help clients produce compliant products. Includes business intelligence consulting for cannabis startups, regulatory compliance guidance, and government agency consulting.
- Blockchain Verification Services: Diversification into blockchain space through partnership with Chroma Signet to offer blockchain verification services for cannabis, hemp, and CBD products, including NFT-based product authentication and namespace verification throughout the supply chain.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Same-Day Potency Testing (Premium) |
| Unit Pricing | Pay-as-you-go | Standard Compliance Testing (3-Day) |
| Unit Pricing | Pay-as-you-go | Hemp and CBD Testing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Evio product offering
Product offeringCore offering
EVIO Labs operates a network of ISO 17025 accredited analytical laboratories providing state-mandated compliance testing for cannabis products and hemp/CBD product testing across Oregon, California, and Canada. The company offers a broad test panel covering potency (up to 13 cannabinoids), 42 terpenes, 66 pesticides, heavy metals, residual solvents, microbial contaminants, mycotoxins, and DNA-based plant sex determination. EVIO also provides consulting/advisory services and blockchain-based product authentication through a partnership with Chroma Signet.
Product overview
EVIO Labs operates as a network of ISO 17025 accredited testing laboratories providing comprehensive analytical testing and advisory services for the cannabis, hemp, and CBD industry. The core offering is EVIO Labs, supplemented by the HempTesting.com national ordering platform and regional sub-brands including EVIO Labs Canada (Keystone Labs). Testing services span a broad portfolio including potency testing (up to 13 cannabinoids), pesticide testing (66 pesticides), residual solvents, heavy metals, microbial tests, 42 terpenes, moisture content, and specialized services such as immature plant inspections, genomic pathogens testing via Next Generation Sequencing, mycotoxins screening, and Vitamin E Acetate testing. The company also offers blockchain-based product authentication through a partnership with Chroma Signet, enabling supply chain transparency and counterfeit prevention.
Differentiator
Problem solved
Functional benefit
Products and services
- Cannabis Compliance Testing Services
Quantifiable outcome
- Revenue increased 84% in Q3 2019 vs Q3 2018
- +4 more outcomes
Companies that use Evio
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Evio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Evio partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Chroma SignetcoreEVIO partnered with Chroma Signet to offer blockchain verification services for cannabis, hemp, CBD and related products. Chroma Signet's platform enables product authentication through cryptographic signatures attached to cannabis products throughout the supply chain. EVIO provides verification services and assists customers in joining Chroma Signet's Decentralized Autonomous Organization (DAO), which acquires a special NFT namespace for origin verification. This partnership addresses product authentication challenges including improper genetic tracing, arbitrary strain name assignments, and counterfeit test results.
- Green Analytics MAminorSubject to Massachusetts Cannabis Control Commission (CCC) approval, EVIO planned to form a partnership with Green Analytics MA. Green Analytics would acquire 49% of Viridis Analytics LLC, be responsible for day-to-day operations, and operate as Steep Hill MA. Green Analytics already operates several successful laboratories along the eastern seaboard including Pennsylvania and Maryland. This partnership helps EVIO resume testing operations in Massachusetts.
- Keystone Labs (Edmonton, Alberta)coreEVIO acquired a 50% share of Keystone Labs in Edmonton, Alberta, Canada. Keystone Labs is a fully operational licensed cannabis testing lab that completed installation of heavy metal testing capability and can now perform all Health Canada mandated tests required for cannabis. Recognized as Top Testing Lab in 2019 Canadian Cannabis Awards.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
Evio competitors and assessment
Company assessmentDirect peers
- Steep Hill Labs: One of the earliest cannabis testing laboratories in the U.S., offering cannabinoid, terpene, pesticide, and contaminant panels. EVIO actually operates C3 Labs LLC d/b/a Steep Hill Labs CA in Berkeley, making this its most direct comparison and closest operating peer.
- CannaSafe Solutions: California-based cannabis testing lab offering full compliance panels (potency, terpenes, pesticides, heavy metals, residual solvents, microbials), serving cultivators, manufacturers, and distributors in California's regulated market.
- ACS Laboratory: Florida-based cannabis testing lab with national reach, offering ISO 17025-accredited potency, contaminant, and terpene testing - comparable to EVIO in scope and accreditation profile.
- MCR Labs: Massachusetts-licensed cannabis testing lab serving cultivators and dispensaries in the Northeast U.S., offering compliance and R&D testing - directly comparable to EVIO's planned Massachusetts operations.
- Anresco Laboratories: Long-standing analytical testing laboratory providing cannabis compliance and contaminant testing for the California market, with deep experience in pesticide, mycotoxin, and microbial testing - directly comparable to EVIO's California lab.
- SC Laboratories: Cannabis testing lab serving California and other Western U.S. states with ISO 17025-accredited potency, contaminant, and terpene testing - a direct competitor for licensed cannabis compliance work in EVIO's core California market.
- Cascadia Labs: Oregon-based cannabis testing laboratory providing ISO 17025-accredited compliance testing services for the Oregon recreational and medical markets - one of EVIO's key Oregon market competitors.
Broad incumbents
- Eurofins Scientific: Global analytical testing leader with broad food, environmental, and pharmaceutical testing capabilities. Eurofins could enter or already serves adjacent cannabis testing niches, representing the eventual scaled incumbent that multi-state operators like EVIO face as legalization matures.
- SGS SA: One of the world's largest testing, inspection, and certification companies with broad agricultural and food testing services. As cannabis testing becomes mainstream, SGS represents the diversified global incumbent likely to compete for large multi-state testing contracts.
Emerging players
- Phylos Bioscience: Cannabis genetics and genomics company using DNA sequencing for plant sex determination, pathogen detection, and genetic certification. Overlaps with EVIO's NGS and DNA-based testing services and competes for hemp and cannabis breeder customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Evio social profiles
Digital presenceEvio compliance and trust
Trust signalCompliance3 records
Evio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evio leadership team
Management profileNumber of profiles
Profiles6 records
Evio subsidiaries and ownership
Company hierarchySubsidiaries3 records
Evio funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evio M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evio
What does Evio do?
EVIO Labs operates a network of ISO 17025 accredited analytical laboratories providing state-mandated compliance testing for cannabis products and hemp/CBD product testing across Oregon, California, and Canada. The company offers a broad test panel covering potency (up to 13 cannabinoids), 42 terpenes, 66 pesticides, heavy metals, residual solvents, microbial contaminants, mycotoxins, and DNA-based plant sex determination. EVIO also provides consulting/advisory services and blockchain-based product authentication through a partnership with Chroma Signet.
Is Evio a public or private company?
Evio is a public company. It is classified as public and is currently operating.
When was Evio founded?
Evio was founded in 2014. It employs 11 to 50 people.
Where is Evio based?
Evio is headquartered in Henderson, United States, in the North America region.
How does Evio make money?
Four revenue lines are on record. Cannabis Compliance Testing is the primary driver. The others are hemp and CBD Product Testing, consulting & Advisory Services and blockchain Verification Services.
Who are Evio's main competitors?
Direct peers on record are Steep Hill Labs, CannaSafe Solutions, ACS Laboratory, MCR Labs, Anresco Laboratories, SC Laboratories and Cascadia Labs. Broad incumbents are Eurofins Scientific and SGS SA. Phylos Bioscience is listed as an emerging player.
Does Evio have an API?
No public API is recorded for Evio.
What industry is Evio in?
Evio's product category is Cannabis and Hemp Analytical Testing Services. Its primary akta.pro industry code is AFALAAAA, Food Testing Laboratories (Microbiological, Chemical, Allergen), with a secondary code of AFALAAAF, Residue & Contaminant Testing (Pesticides, Vet Drugs, Mycotoxins, Heavy Metals). Its NAICS code is 541380 and its SIC code is 8734.