SIGNAL BAY, INC. (OTCMKTS:SGBY) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

SIGNAL BAY, INC. (OTCMKTS:SGBY) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Story continues below

Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The Company has entered into an operating lease with NFS Leasing
to support the purchase of analytical laboratory testing
equipment from Shimadzu Scientific Instruments. The terms of the
financing including a 13% down payment of $57,842.79 and 48
monthly payments of $10,275.00.

Item 7.01 Regulation FD Disclosure.

The Company has received the following questions and felt it was
better to answer the questions through an 8-K instead emailing
the individuals directly.

Q. Can you clarify Senator Richard Polancos role within the
Company?

A. Senator Richard Polanco has been engaged an expert advisor to
assist the company with navigating the California regulatory
environment as the company is executing its plans to expand its
EVIO Labs division to meet the forthcoming needs to provide state
mandated independent cannabis compliance testing to both the
medical and adult-use industry.

Q. How are the testing labs doing in Oregon?

A. The Companys EVIO Labs division is still experiencing high
demand for its analytical testing services. To support this
demand, as mentioned in Item 2.03 of this Form 8-K, the company
has recently purchased additional testing equipment that will
expand our current service offerings, reduce testing turn-around
times and will save the company money by providing certain
testing services internally. Furthermore, the Company has also
purchased three vehicles to support its sampling activities which
will also save the company money by reducing employee mileage
reimbursement expenses.


About SIGNAL BAY, INC. (OTCMKTS:SGBY)

Signal Bay, Inc. (Signal Bay), through its subsidiaries, provides advisory, management and analytical testing services to the legalized cannabis industry. The Company’s segments are Signal Bay Consulting (SBC) and CR Labs, Inc. (CRLB). SBC provides advisory, licensing and compliance services to the cannabis industry. SBC’s clients are located in states that have state managed medical and/or recreational programs. SBC assists these companies with license applications, business planning, state compliance and ongoing operational support. CRLB provides analytical testing services to the cannabis industry. CRLB’s clients are located in Oregon and consist of growers, processors and dispensaries. Signal Bay provides advisory and consulting services to cannabis companies, including license application support, regulatory compliance, market forecasts and operational insights. It also publishes industry information through online media, research reports and publications.

SIGNAL BAY, INC. (OTCMKTS:SGBY) Recent Trading Information

SIGNAL BAY, INC. (OTCMKTS:SGBY) closed its last trading session 00.0000 at 0.0201 with 2,258,853 shares trading hands.

An ad to help with our costs