Evio

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.

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

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

• Cannabis testing services
• Hemp product testing
• Analytical laboratory services
• CBD compliance testing
• ISO 17025 accredited

Headquarters

HQ city

Henderson

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Chroma SignetcoreTechnology or Integration · 24 November 2021EVIO 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 MAminorStrategic or Co-development Partner · 2 December 2019Subject 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)coreOthers · 1 January 2017EVIO 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

Direct 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

• Xx.com/eviolabs

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evio