DigiPath Inc. (OTCQB: DIGP), an independent cannabis testing and media firm, recently announced a new one-year agreement with Silver Sage Wellness LLC. Under the agreement, the company will leverage its state-of-the-art testing equipment and reliable testing methodologies to measure potency, cannabinoids, terpenoids, moisture content, foreign matter, heavy metals, microbials, mycotoxins, and pesticide residues.
Recently, CFN Media Group caught up with DigiPath CEO Todd Denkin to discuss the company’s upcoming plans in the burgeoning Las Vegas market.
While many public companies operate dispensaries, such as Nutritional High International Inc.’s (CSE: EAT) (OTCQB: SPLIF) joint venture operations, the cannabis testing industry has relatively few companies providing high quality services following its recent shake-out. GreenWave Advisors believes that cannabis testing could generate close to a billion dollars worth of revenue by 2020 and founder Matt Karnes called it “the most attractive subsector”.
Investors in traditional laboratory testing may also want to take a closer look at the company given its unique focus on a rapidly growing industry. For instance, investors in Pschemedics Corporation (NASDAQ: PMD) or Enzo Biochem Inc. (NYSE: ENZ) may want to take a closer look the company, especially as it’s gaining traction in the market.
Read the entire press release here:
DigiPath Labs, a subsidiary of DigiPath, Inc. (OTCQB: DIGP), has just signed a one-year agreement with another Nevada medicinal cannabis grower, Silver Sage Wellness, LLC. DigiPath Labs will use its state-of-the-art testing equipment and reliable testing methodologies to determine safety and potency profiles of Silver Sage Wellness cannabis products.
“DigiPath Labs is ecstatic to partner with Silver Sage Wellness,” says Todd Denkin, CEO of DigiPath, Inc. “The growers at Silver Sage are committed to growing and producing clean and safe cannabis products here in Nevada, and we look forward to a long term partnership.”
“We were really impressed with DigiPath Labs’ testing and consulting services,” says a representative of Silver Sage Wellness. “DigiPath Labs is helping us achieve our goal to provide the best in class medical marijuana, and medical marijuana infused products for our patients.”
DigiPath Labs’ state-of-the-art Las Vegas laboratory was developed to elevate the standard for cannabis testing. The team carefully selected equipment and verified standard operating procedures to ensure accurate, reliable and replicable results.
Silver Sage Wellness is a fully licensed medical cannabis cultivator, producer, and dispensary located in Clark County, Nevada.
DigiPath Labs will test cannabis grown by Silver Sage Wellness for potency, terpenoids, moisture content, foreign matter, heavy metals, microbials, mycotoxins, and pesticide residue. They will also test all of their oils, extracts and other cannabis products as well.
“Even though it’s just the beginning of the cannabis industry in Nevada, we are still leading the way with the most stringent testing when compared with other states,” says Denkin. “Silver Sage Wellness has dedicated themselves to top quality products for the patients of Nevada, and we look forward to helping them help patients.”