Monday, August 22, 2016

DigiPath, Inc. (DIGP) Cannabis Testing Service Consolidates Position in Nevada

The U.S. cannabis industry is booming, with Nevada being one of the country’s most important markets as a proposal to legalize the use of recreational marijuana in the state is expected to pass by a landslide in November. Nevada has already approved the use of medical cannabis in 2000, and the November 8 vote is seen as an opportunity for the state to possibly replace Colorado as the country’s main marijuana tourism destination and maybe even join global destinations for cannabis such as Amsterdam.

A significant part of the industry and arguably the most attractive is cannabis testing services, estimated to generate up to one billion dollars of the overall $35 billion the industry is expected to generate by 2020. Testing services are crucial for the industry’s development, especially on newer, self-regulated markets such as Nevada. Capitalizing on these trends, DigiPath, Inc. (OTCQB: DIGP), via its cannabis testing service DigiPath Labs™, has its foot set firmly in the Nevadan market, after opening a state-of-the-art testing facility in Las Vegas and already securing contracts with a great number of the state’s licensed cultivators.

In August alone, the company announced new service agreements with three leading cultivators located in the Las Vegas area: The Clinic Nevada LLC, Green Extracts – a Moxie Seeds & Extracts licensee, and Vegas Valley Growers. Based in Las Vegas, The Clinic has numerous cultivation and retail locations in Colorado and Illinois and, according to COO Jon Marshall, it chose DigiPath Labs as its cannabis testing provider because the service has ‘gone above and beyond’ in delivering reliable results with a quick turnaround. Moxie Seeds & Extracts is one of the foremost producers of cannabis extracts, manufacturing a wide range of extracts including hashes, oils, tinctures, and seeds for various cannabis strains. Moxie picked DigiPath Labs as a testing service for its licensee Green Therapeutics after being impressed by the quick 48-hour turnaround, its impressive staff of scientists and superior customer service. Similar words of appreciation for DigiPath Labs’ turnaround time, customer service and science staff came from Vegas Valley Growers COO Marla Wilson. Vegas Valley Growers is the exclusive licensee in Nevada of Bhang Corporation, a leading U.S. manufacturer of cannabis infused products, such as chocolate, as well as various types of cannabis vaporizers and refills.

The new deals will help DigiPath consolidate its position on the Nevadan market, where it aims to become the leading provider of cannabis analytic testing and set the industry standard for cannabis and cannabis-based product testing, using both proprietary operating procedures and FDA-compliant lab equipment. The company offers the fastest testing turnaround on the market – 48 hours to analyze test samples and return the results, with the help of ultra-sensitive analytical equipment produced by top diagnostics instrumentation manufacturer Agilent Technologies (NYSE: A). Under the management of Dr. Cindy Orser, a reputable biotech and diagnostic industry pioneer, the Las Vegas testing facility’s main goals are to enable manufacturers to offer safe products, free of contaminants, and to provide detailed cannabinoid profiles for cannabis-based medicine so as to allow patients to benefit from the right product for their needs.

For more information, visit www.DigiPath.com

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