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Signal Bay Commits to Strategic Investment in Oregon Cannabis Laboratory

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Signal Bay Commits to Strategic Investment in Oregon Cannabis Laboratory

By Ryan Allway | CannabisFN.com

Signal Bay Inc. (SGBY) a leading provider of cannabis consulting, operations, data, research & laboratory services is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with Smith Scientific Industries, Inc. founded by Anthony Smith PhD. Smith Scientific Industries operates as Kenevir Research, an analytical cannabis testing and research facility in Southern Oregon. Under the terms of the agreement, Signal Bay will make a strategic investment into Dr. Smith’s cannabis testing and research company.

“We are excited about the future of cannabis testing and plant science research in Oregon. As one of the first states to mandate batch testing similar to Nevada and Massachusetts, we believe that cannabis testing is a stable ancillary business that will deliver steady cash flow. With the acquisition of the Cannalytical Research facility in Bend, Oregon last month, Signal Bay will be strategically positioned to be a leader of cannabis testing and research in the state,” said William Waldrop, CEO of Signal Bay.

Kenevir Research has provided compliance testing to the numerous growers in Southern Oregon since it opened in 2013. In addition, the team at Kenevir Research has been providing training and consulting services to the Oregon Medical Marijuana industry for the last two years.

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