Pazoo knew that there was a void of reliable testing laboratories available in Colorado and knew that the Denver lab could benefit from this untapped demand. The Denver lab has sufficient excess capacity to handle even further increases in the very short term and already is preparing to expand the current office space to handle growth through 2016. The current lab in Denver has existing space for adding additional equipment and technology thus making this expansion of increased production capacity extremely cost effective. The Denver lab expects to reach breakeven/ profitability at some point before the end of June 2016.
David Cunic, CEO of Pazoo, stated, “Our licensee is rapidly increasing the number of clients for the Harris Lee Colorado, LLC testing lab, D/B/A Steep Hill Colorado. There has been a void in the Colorado market for reliable testing of product and being one of the premier facility with the best testing methodology through Steep Hill Labs, Harris Lee Colorado, LLC has emerged as one of the first testing labs that new clients are turning to. We expect the second quarter revenue will show an explosive increase that should continue through 2016 into 2017 and beyond with every quarter moving forward producing stronger financial strength for our licensee and Pazoo.”
Pazoo, Inc. is a company focused on health, wellness and safety. Our focus is to provide best-in-class laboratory testing of cannabis and cannabinoids to protect consumers from impurities, contaminants and other irregularities. Through our wholly owned subsidiaries, Harris Lee and MA & Associates, Pazoo provides industry leading laboratory testing of cannabis. Pazoo is licensed to test cannabis in Nevada, with a focus on expansion into other states. Additionally, Pazoo delivers a comprehensive array of health and wellness information on its websitewww.pazoo.com, and features industry experts from both the health and wellness arena and the pet industry. Lastly, our newly formed wholly owned subsidiary CK Distribution LLC, provides the marketing and sales agent for the distribution of non-controlled hemp products throughout the USA. Non-controlled hemp products are the items utilized by the industry that support grow facilities, infusion companies and dispensaries.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Pazoo, Inc. or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statement.
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