Fresh from securing more than 700 business accounts and capturing a substantial amount of market share in the cannabis industry, Signal Bay Inc (OTCMKTS:SGBY) is already looking into the future. Expansion in the Portland Oregon area, as well as Northern California, is now a core objective as the company looks for new markets for its cannabis testing facilities.

The leading provider of cannabis consulting services has ramped its plans for growth with the signing of a letter of intent for the purchase of its fifth cannabis testing facility in the Portland Oregon area. With the acquisition, Chief Executive officer, William Waldrop believes they will be able to capture more market share in Portland.

 Expansion in Portland comes just days after Signal Bay reiterated plans to expand its wings in the state of California.  The opening of a cannabis-testing laboratory in Northern California is expected to open up new opportunities for growth given the exponential growth of demand for medicinal marijuana in the state.

“Northern California is currently the largest cannabis market in the world and we feel that our company will be able to begin capturing significant market share almost immediately,” said Mr. Waldrop.

Marijuana Legalization

 The Northern California acquisition is expected to result in 500 new business accounts, which should help bolster the company’s revenue stream. Signal Bay aggressive expansion plan comes at a time when a number of states in the US are heading to the polls to determine the fate of marijuana legalization.

Taking the lead in the business as the industry grows is Signal Bay core objective as it eyes growth opportunities in new states. The company stands to reap big with more states legalizing the plant, given that it boasts of state of the art testing facilities that are critical to ensuring safety and potency of the nation’s cannabis supply.

 Demand for reliable cannabis testing facilities is expected to skyrocket with the legalization of pot in more states across the country. It is an opportunity that Signal Bay Inc (OTCMKTS:SGBY) plans to take advantage of, seen by the aggressive expansion drive.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.