FOR IMMEDIATE RELEASE
Denver, CO, Feburary 2017 — AgriScience Labs has announced it has acquired two Colorado based cannabis testing laboratories, CMT Laboratories and Terra Health Care Labs (THCL).
CMT, one of the first certified cannabis testing laboratories in the State of Colorado, is known as a leader in science and customer service. They are coming off a record year in testing throughout and financial performance. THCL, a newer entrant, brings state of the art equipment, methods and facilities to the partnership.
“CMT and THCL represent the best service and science in cannabis testing. The complementary capabilities of our two labs generate great synergy giving AgriScience a strong platform for growth,” said AgriScience CEO Frank Traylor.
Each cannabis laboratory in Colorado develops proprietary processes and systems. Approval of these is evaluated by the Colorado Department of Public Health and Environment for certification. The CMT/THCL merger will allow AgriScience to identify best practices and standardize across the enterprise.
“Between the two companies, we’ve found some truly different approaches to solving testing challenges. Our teams in both labs are excited about the levels of service and efficiency we are finding.”
AgriScience will consolidate testing operations into a single location, while leaving a second location for customer service and sample drop-off. The company will continue to operate under the name CMT Laboratories.
Terms of the acquisition were not disclosed.
About AgriScience Labs
AgriScience Labs Inc. is a Colorado corporation providing the optimal testing science and service to the cannabis producer community.
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