DigiPath Labs Adds Green Life as New Client

Discussion in 'Marijuana News' started by jainaG, Dec 23, 2015.

  1. http://marijuanaindex.com/2015/03/investing-marijuana-microcap-stocks/


    DigiPath Labs Adds Green Life as New Client


    November 18, 2015


    DigiPath
    Inc. (OTCQB: DIGP), a provider of reliable testing, education,
    training, and unbiased news coverage to the cannabis industry, recently announced the addition of Green Life
    Productions as a new clients for its DigiPath Labs subsidiary. By leveraging
    its cutting-edge testing equipment and methodologies, the company will provide
    extensive testing services designed to ensure that the client"s products are
    safe and efficacious.


    "Our goal at Green Life Productions
    is to raise the ethical and ecological standards for medical cannabis growing,”
    said cofounders Steve Cantwell and Kouanin Villa in a press release announcing
    the deal. "DigiPath Labs" commitment to standardization and safety were a
    perfect fit for our permaculture philosophy. We also love their 48-hour
    turnaround which allows us to quickly get our products on the shelves of local
    dispensaries.”


    Green Life Productions grows a
    number of different cannabis strains using a no-till living soil system that
    reduces ecological impact and enhances patient safety. Under the agreement,
    DigiPath Labs will test a variety of these strains for moisture content,
    potency, terpenoids, foreign matter, microbials, mycotoxins, heavy metals, and
    pesticide residues in order to ensure that they are safe for consumption by
    patients and produce the desired effects.


    "We have been advocating for a more
    scientific approach for years, and now we"re finding likeminded growers, such
    as Steve and Kouanin, who are eager to receive the unbiased information we can
    offer about their products and use that data to continually refine growing
    techniques,” says DigiPath CEO Todd Denkin in the same press release announcing
    the deal. "This is an exciting time to be at the forefront of the medical
    cannabis industry.”


    To learn more, visit the company"s
    website at www.digipath.com.


    Disclaimer: Except for the historical information presented herein,
    matters discussed in this article contain forward-looking statements that are
    subject to certain risks and uncertainties that could cause actual results to
    differ materially from any future results, performance or achievements
    expressed or implied by such statements. Emerging Growth LLC dba TDM Financial,
    which owns CannabisFN, is not registered with any financial or securities
    regulatory authority, and does not provide nor claims to provide investment
    advice or recommendations to readers of this release. Emerging Growth LLC dba
    TDM Financial, which owns CannabisFN, may from time to time have a position in
    the securities mentioned herein and will increase or decrease such positions
    without notice. For making specific investment decisions, readers should seek
    their own advice and that of their own professional advisers. Emerging Growth
    LLC dba TDM Financial, which owns CannabisFN, may be compensated for its
    Services in the form of cash-based and/or equity- based compensation in the
    companies it writes about, or a combination of the two. For full disclosure
    please visit: http://www.cannabisfn.com/legal-disclaimer/.


    Signal
    Bay Inc. (OTC: SGBY), a leading provider of cannabis consulting,
    research, data, operations, and laboratory services, continues to expand its
    client base throughout the country and has recently focused their attention to
    Maryland and Oregon. In the past two months the company has acquired a cannabis
    research & testing laboratory in Bend, Oregon, executed a strategic
    partnership with another research & testing laboratory in Medford, Oregon,
    and signed three new consulting clients in Maryland in Montgomery, Frederick
    and Prince George"s counties.


    In this article, we"ll take a closer
    look at the company"s progress in signing new clients, its unique approach to
    these industry verticals, and the opportunity for cannabis investors to get
    involved in a diversified and rapidly growing company at a reasonable price.


    100% Consulting Success Rate


    On October 15 of this year Signal
    Bay announced the execution of three new consulting
    agreements with Maryland-based clients Under the terms of the agreements, the
    company flew their team of experts from the Cannabis Consultant Marketplace to
    Maryland and assisted these companies to complete their business plans and
    licensing applications in order to open medical marijuana dispensaries,
    processing and cultivation facilities. Applicants will be notified in January
    2016 and successful entrepreneurs will be awarded a Stage 1 license approval
    and will have 365 days to obtain a formal license from the state.


    Since 2014, the company"s founders
    have a 100% success rate in securing licenses for their clients, something that
    sets Signal Bay apart from many other cannabis consultants. The high level of
    success stems from its broad network of over 500 professionals across the
    country that are members of its Cannabis Consultant Marketplace, which
    launched in July of this year By working with these professionals from across
    the country, the company is able to provide an unparalleled breadth of
    services, while maintaining deep expertise.


    The consulting segment of the
    cannabis industry continues to produce the most explosive growth given the high
    demand for licensing services. According to a FY2014 Viridian Capital & Research report,
    consulting services were the fastest growing segment of the cannabis industry
    in 2014 with a 169.9% growth rate. Companies also operating in the consulting
    space include Chuma Holdings, Inc. (OTC: CHUM) and General Cannabis Corp. (OTC:
    CANN). By comparison, biotechnology companies, like Zynerba Pharmaceuticals,
    Inc. (NASDAQ: ZYNE) (which IPO"d earlier this year), were the second fastest
    growing at 84.6%.


    Diversification into Lab Testing


    Signal Bay has diversified recently
    beyond cannabis consulting into another rapidly growing segment of the cannabis
    industry – laboratory testing services. In late October, the company announced a Memorandum of Understanding with
    Smith Scientific Industries Inc. that involves a strategic investment into the
    Kenevir Research cannabis laboratory testing business. Established in 2013, the
    Oregon based laboratory is well positioned to capitalize on growing demand of
    testing services following the introduction of adult-use legalization on
    October 1st.


    The strategic agreement with Kenevir
    Research comes shortly after the company completed the acquisition of Bend,
    Oregon-based Cannalytical Research in September 2015. With a history of
    providing state-mandated compliance testing in the medical marijuana space
    since May 2014, the laboratory is already generating recurring cash flows.
    Combined, these two deals represent geographic coverage of about two thirds of
    the state"s $10 million annual laboratory testing market.


    According to GreenWave Advisors, a comprehensive independent
    research firm focused on the emerging legal cannabis industry, the cannabis lab
    testing market is expected to generate upwards of $850 million in revenue by
    2020. GreenWave Founder Matthew Karnes also called it the "most attractive
    subsector of the industry.”


    Looking Ahead


    Signal Bay has built up a strong
    presence in both cannabis consulting – the fastest growing subsector in 2014 –
    and laboratory testing – the most attractive subsector moving forward. With
    this diversified presence, the company provides investors with high-margin
    exposure to multiple areas of the industry that are quickly expanding. The
    company"s modest $5 million market cap also compares favorably to others in the
    industry and could be poised for continuing managed growth in 2016.


    For more information, visit the
    company"s website at www.signalbayinc.com.


    Disclaimer: Except for the historical information presented herein,
    matters discussed in this article contain forward-looking statements that are
    subject to certain risks and uncertainties that could cause actual results to
    differ materially from any future results, performance or achievements
    expressed or implied by such statements. Emerging Growth LLC dba TDM Financial,
    which owns CannabisFN, is not registered with any financial or securities
    regulatory authority, and does not provide nor claims to provide investment
    advice or recommendations to readers of this release. Emerging Growth LLC dba
    TDM Financial, which owns CannabisFN, may from time to time have a position in
    the securities mentioned herein and will increase or decrease such positions
    without notice. For making specific investment decisions, readers should seek
    their own advice and that of their own professional advisers. Emerging Growth
    LLC dba TDM Financial, which owns CannabisFN, may be compensated for its
    Services in the form of cash-based and/or equity- based compensation in the
    companies it writes about, or a combination of the two. For full disclosure
    please visit: http://www.cannabisfn.com/legal-disclaimer/.


    DigiPath
    Inc. (OTC: DIGP), a leading provider of cannabis testing through its
    DigiPath Labs subsidiary, has been steadily expanding its client base since
    opening its flagship cannabis testing lab in Las Vegas, Nevada.


    On November 9th, the company announced a deal with Las Vegas Herbal
    Growers to perform all of their cannabis safety and potency testing. DigiPath
    Labs will test the material for moisture content, potency, terpenoids, foreign
    matter, microbials, mycotoxins, heavy metals, and pesticide residue using its
    top-of-the-line equipment and exacting standard operating procedures in order
    to meet the State of Nevada"s stringent standards.




    "We know we"d found the right testing lab when we met with DigiPath Labs,” said
    the owner of Las Vegas Herbal Growers in the press release announcing the deal.
    "Like us, they truly care about patient safety, and the care they put into
    setting up and operating the lab proves it. We look forward to working with
    DigiPath Labs for many years to come.”


    The move follows similar contracts signed earlier this year with
    local growers. As of early October, the State of Nevada has permitted three
    dispensaries to open and certified another 52 through the Department of Public
    and Behavioral Health. The market for cannabis testing services could expand
    even further in November of 2016, with an initiative to legalize adult-use
    marijuana widely expected to pass by pollsters.


    "We expect that the growth in the
    Nevada cannabis industry will be exponential over the next few years,” said
    DigiPath Inc. CEO Todd Denkin in a past press release announcing new clients in
    late-September. "And because Nevada has the strictest testing requirements in
    the country, everything will need to be tested before it reaches users. These
    regulations should make DigiPath Labs an essential player in the statewide
    cannabis community.”


    DigiPath Inc. Chief Science Officer
    Dr. Cindy Orser, Ph.D., has also been pushing for unified cannabis testing
    standards throughout the country. After working with Nevada to draft its
    testing standards, she attended the Conference of Western Attorneys General to
    adopt those standards in other states that have legalized the drug. The hope is
    to create a unified system rather than voluntary standards that remain
    commonplace across the country.


    Shares of DigiPath Inc. have been
    trading relatively even at between $0.17 and $0.20 over the past couple of
    weeks as the company continues to make progress operationally.


    Legal Disclaimer:


    Except for the historical
    information presented herein, matters discussed in this article contain
    forward-looking statements that are subject to certain risks and uncertainties
    that could cause actual results to differ materially from any future results,
    performance or achievements expressed or implied by such statements. Important
    factors that could cause these differences include, but are not limited to, the
    demand for the company"s services, governmental regulation of the cannabis
    industry, and the company"s ability to execute its business plan. Emerging Growth
    LLC dba TDM Financial, which owns CannabisFN, is not registered with any
    financial or securities regulatory authority, and does not provide nor claim to
    provide investment advice or recommendations to readers of this release.
    Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to
    time have a position in the securities mentioned herein and may increase or
    decrease such positions without notice. For making specific investment
    decisions, readers should seek their own advice. Emerging Growth LLC dba TDM
    Financial, which owns CannabisFN, has been compensated for its services in the
    form of cash and equity securities by DigiPath. For full disclosure please
    visit: http://www.cannabisfn.com/legal-disclaimer/.


    The legal cannabis industry is
    expected to reach $11 billion in size by 2019 thanks to ongoing legalization of
    marijuana on a state level, according to ArcView
    Market Research. While a number of studies have demonstrated the
    plant"s efficacy in treating medical conditions like cancer pain and childhood
    epilepsy, researchers are quickly discovering just how little they know about
    different cannabis strains and their mechanisms of action.


    In this article, we"ll take a look
    at some of these issues, some near-term solutions, and potential long-term
    goals to ensure the long-term health of the industry.


    Inaccurate Labeling of Strains


    In a recent blog post, DigiPath Inc. (OTCQB: DIGP)
    Chief Science Officer Dr. Cindy Orser, Ph.D., highlighted a series of studies
    that show that the identity of marijuana strains cannot be reliably inferred
    from their strain name or reported ancestry. Covert amateur plant breeders and
    the creation of so-called hybrid strains over the past several decades have led
    to a lot of confusion among participants in the rapidly growing multi-billion
    dollar industry.


    These problems were perhaps best
    illustrated in a recent article, "The Genetic Structure of Marijuana and Hemp”
    that was published in PLOS ONE, which shows that cannabis samples were found to
    be more genetically similar to samples with different names than to samples
    with the same name. In other words, the labeling of cannabis strains was more
    inaccurate than accurate due to poor strain naming conventions.


    These are troubling dynamics for
    those that rely on specific concentrations of cannabinoids to provide medicinal
    benefits. For instance, someone that"s consuming marijuana derivatives for the
    CBD content may be adversely affected by significant THC content, which may
    produce a greater psychoactive response and related side-effects. The reality
    is that people are simply making up names, applying them to whichever strain
    they come across, and voila you have the most popular strain on the market and
    can charge more for it. A brilliant marketing strategy, and one
    that would not work in other industries.


    The difference in concentrations
    could also become a problem when presenting the drug for regulatory approvals,
    as samples will need to be consistent and standardized in order to have proper
    testing conducted on them.


    Entourage Effects in Cannabis


    Cannabis chemistry goes well beyond
    household cannabinoids, like THC and CBD, with more than 60 different
    cannabinoids present in most plants. The interactive synergies between
    marijuana compounds has been coined the "entourage effect” and new science
    suggests that THCs and CBDs in isolation may be insufficient for most medical
    conditions, which is troubling given that many synthetic marijuana derivatives
    focus on isolating them.


    In a 2011 survey on forms of consumption,
    only 1.8% of 953 patients preferred synthetic THC pharmaceuticals to inhaled or
    infused methods. There are many potential reasons behind these trends – such as
    the fact that THC-only pills can take hours to deliver relief as opposed to
    fast-acting inhaled or infused methods, but the chemical diversity found in
    inhaled or infused methods is likely a key driver behind greater therapeutic
    benefits.


    For instance, a recent Leafly report highlights that the terpene
    myrcene reduces resistance in the blood-brain barrier, enabling easier passage
    of other beneficial chemicals. Similarly, pinene helps counteract compromised
    cognition and memory loss caused by THC. Specific concentrations of
    cannabinoids may also be better for certain indications, such as the
    combination of THC and CBN for enhanced sedating effects.


    Measuring Cannabinoid Content


    The need for accurate identification
    of cannabis strains has become apparent, but a well-funded unified scientific
    effort would be required to create a classification system. In the meantime,
    the cannabis industry may have to rely on laboratory testing to develop
    so-called potency profiles, metabolic profiles, or "chemo” profiles of a
    particular cannabis crop in order to determine the appropriate strain naming
    conventions and drug content.


    With the cannabis industry expected
    to rapidly grow over the coming quarters, investors in the traditional
    laboratory testing or diagnostics space, including companies like PositiveID
    Corporation (OTCQB: PSID) or Psychemedics Corp. (NASDAQ: PMD), may want to
    consider DigiPath Inc. (OTCQB: DIGP) and the cannabis testing space as an
    opportunity to diversify into a new industry that"s well-positioned for
    substantial future growth.


    The rise of cannabis testing
    requirements could also make cannabinoid profiling important for dispensaries,
    such as those operated by Kaya Holdings Inc. (OTCQB: KAYS) in Oregon, or
    dispensaries that are already served by companies like DigiPath Labs in Nevada.


    Looking Ahead


    The cannabis testing industry is
    likely to only grow in importance as researchers realize just how little is
    understood about the breeding and content of cannabis plants. With over a
    million dollars invested in laboratory equipment, a company like DigiPath Labs
    is well positioned to support the long-term growth of the industry.


    For more information, visit the
    company"s website at www.digipathlabs.com.


    Disclaimer: Except for the historical information presented herein,
    matters discussed in this article contain forward-looking statements that are
    subject to certain risks and uncertainties that could cause actual results to
    differ materially from any future results, performance or achievements
    expressed or implied by such statements. Emerging Growth LLC dba TDM Financial,
    which owns CannabisFN, is not registered with any financial or securities
    regulatory authority, and does not provide nor claims to provide investment
    advice or recommendations to readers of this release. Emerging Growth LLC dba
    TDM Financial, which owns CannabisFN, may from time to time have a position in
    the securities mentioned herein and will increase or decrease such positions
    without notice. For making specific investment decisions, readers should seek
    their own advice and that of their own professional advisers. Emerging Growth
    LLC dba TDM Financial, which owns CannabisFN, may be compensated for its
    Services in the form of cash-based and/or equity- based compensation in the
    companies it writes about, or a combination of the two. For full disclosure
    please visit: http://www.cannabisfn.com/legal-disclaimer/.


    Cannabis users experience a wide
    range of physical and mental effects depending on a person"s age, genetics,
    diet, and other factors, which means that a strain"s purported benefits or
    attributes may not apply to every individual that consumes the drug.


    MyDx
    Inc. (OTCQB: MYDX) has developed an innovative chemical sensor that
    instantly creates a chemical profile of the drug and automatically learns what
    chemical make-up helps patients achieve their desired outcome – whether it is
    euphoria or pain relief. With an affordable price point and convenient mobile
    app, the technology empowers individuals to take health into their own hands
    and ensure they are consuming safe and effective products.


    In this article, we will take a look
    at the company"s innovative technology and some new additions that have turned
    it into a powerful tool for both medical and recreational users, as well as
    potentially anyone in the future as it expands beyond the cannabis market.


    Medical Recommendations


    The cannabis industry can be
    difficult to navigate when it comes to determining the right strains to address
    certain ailments. While strains like Charlotte"s Web may be well-studied
    for conditions like epilepsy, countless others strains are misleadingly named
    and there is very little standardization throughout geographic regions. These
    dynamics make it difficult for medical marijuana patients to get the medicine
    they need to alleviate certain conditions.


    MyDx leverages the power of big data
    and machine learning to determine what strains may be a good fit to address
    specific medical issues. For instance, the app collects data from thousands of
    other MyDx users to determine how certain cannabinoid profiles work in
    alleviating specific conditions. Strains with a similar profile – verified
    through a chemical analysis – may be recommended for a condition where many
    other users reported a benefit.


    The technology addresses two of the
    industry"s big concerns – a lack of standardized strains and a lack of data on
    what works best for certain conditions.


    Click Here: Watch an Exclusive Interview with MyDx
    Management


    In addition to making these
    suggestions, the technology automatically learns how a given user responds to
    various cannabinoid profiles in order to predict how they"ll respond to
    entirely new strains of cannabis before trying them. A user who has recorded
    sensitivity to THC in the past, for instance, may automatically be warned that
    a THC-heavy strain may cause issues for them.





    Commercialization Opportunities


    MyDx plans on letting advertisers
    promote their strains in the Recently Tested section of the app or in the
    "feeling search algorithm” by sharing them with the community. For instance, a
    local dispensary in Colorado may have their strain analyzed and promoted to
    specific users within the state that may be seeking exactly that type of
    feeling or ailment relief.


    By combining hardware with software,
    this model also puts the company on the same playing field as tech companies
    like FitBit Inc. (NYSE: FIT), Lifelogger Technologies Corp. (OTC: LOGG), and
    bBooth Inc. (OTC: BBTH) in terms of personal tracking and hardware integration.
    These companies have developed hardware technologies that they monetize through
    software over time using a crowd-sourced user base model similar to MyDx.


    MyDx is also targeting end markets
    beyond cannabis in the near future, including water, air quality, and food
    testing on a consumer level, which opens up the market to compete in
    practically limitless numbers of other chemical analysis fields. All of these
    chemical tests are housed in one convenient, smart phone style device with
    interchangeable sensors depending on the type of material being tested.


    OrganaDx–
    Initially detects the most common pesticides linked to cancer to help
    consumers avoid harmful foods products.
    AquaDx–
    Tests for water contaminants, such as BPA, arsenic, uranium, and bacteria
    that can prove to be harmful to consumers over time.
    AeroDx–
    Measures elements of the Environmental Protection Agency"s Air Quality
    Index to determine the safety of indoor and outdoor air.
    CannaDx–
    Tests for 25 important chemicals found in cannabis, including cannabinoids
    and terpenes that could have medical importance.


    Looking Ahead


    MyDx trades with a market
    capitalization of just $22 million, which represents a fraction of its
    potential if successful in launching into just one of its target end markets.
    With an initial focus on cannabis, the company is filling a very real need in a
    rapidly growing market, while its commercialization strategy mirrors that of
    many other successful companies. The potential to move into other areas of
    personal chemical analysis represents icing on the proverbial cake.


    For more information, visit the
    company"s website at www.cdxlife.com.


    Disclaimer: Except for the historical information presented herein,
    matters discussed in this article contain forward-looking statements that are
    subject to certain risks and uncertainties that could cause actual results to
    differ materially from any future results, performance or achievements
    expressed or implied by such statements. Emerging Growth LLC dba TDM Financial,
    which owns CannabisFN, is not registered with any financial or securities
    regulatory authority, and does not provide nor claims to provide investment
    advice or recommendations to readers of this release. Emerging Growth LLC dba
    TDM Financial, which owns CannabisFN, may from time to time have a position in
    the securities mentioned herein and will increase or decrease such positions
    without notice. For making specific investment decisions, readers should seek
    their own advice and that of their own professional advisers. Emerging Growth
    LLC dba TDM Financial, which owns CannabisFN, may be compensated for its
    Services in the form of cash-based and/or equity- based compensation in the
    companies it writes about, or a combination of the two. For full disclosure
    please visit: http://www.cannabisfn.com/legal-disclaimer/.
     

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