In some recent Digipath news, Donald Baillergeon of MoneyTV.net interviews our CEO, Todd Denkin, as part of a series about Digipath Inc. and Digipath Labs. The interview begins with Mr. Baillergeon explaining that Digipath is one of the canalysis laboratories Las Vegas is home to. He continues that Digipath Inc.’s stock symbol is DIGP and that Digipath Labs uses state-of-the-art FDA compliant laboratory equipment and asks Mr. Denkin to expand.
“Yeah, Digipath Labs is a service oriented cannabis testing, data, analytics and media firm,” responds Todd Denkin. He continues by confirming we are a cannabis testing lab in Las Vegas, Nevada where we have been open for the last four years testing lots of cannabis and collecting a lot of data.
Mr. Baillergeon then states that a lot of people do not understand that Las Vegas dispensaries offer all sorts of cannabis based products and that they all have the same cannabis testing requirements by Nevada law, similar to over-the-counter-drugs.
“That’s right,” responds Todd Denkin. “Everything we consume has to meet certain standards. Well, cannabis has to meet certain standards as well, in most states.” As a cannabis testing lab in Nevada, we have to make sure that the rigorous standards for cannabis are met. “We have been able to create a replicable system that we can now take out of Nevada and plug into any other state.”
Digipath Labs tests cannabis not only for potency but also for pesticides, heavy metals and microbiological contaminants like E. Coli and Salmonella, things consumers do not want to be smoking. The cannabis industry is getting more and more regulated around the country which is good for the consumer and good for Digipath business.
Mr. Baillergeon then asks Todd Denkin to provide more details on Digipath Labs and its role doing cannabis testing for Las Vegas marijuana. “We are an ISO 17025 certified lab since 2017. We have tested about 20,000 samples of cannabis so far in the busy Nevada marijuana market.”
Todd Denkin then discusses the expansion of Digipath outside of Nevada to states like California and also internationally. “We have a nice project going on in Bogota, Colombia. We are taking these stringent rules that Nevada has created… [which is] starting to be the bellwether of cannabis testing rules and regulations. And, we are talking that information down to Colombia as well to help their government start their cannabis program. We’ve been able to take something that is very difficult and replicate it so we can bring it to other places that do not have cannabis testing yet. The global markets is the next phase, I believe, in cannabis business because Colombia, Canada and Israel are growing for export, and a lot of these countries have legalized it, don’t grow it, so they have to import marijuana. Testing has to happen on both the import and the export side of the business. That’s what we are looking to accomplish.”
Todd Denkin also discusses some other Digipath news, our latest deal with Hemp Inc. builiding out lab testing for hemp. Todd Denkin discusses the 2018 Farm Bill and how it has made hemp sexy again. “All of these alfalfa farms and tobacco farmers are now turning to hemp because, thanks to the Farm Bill, hemp is suddenly legal which creates opportunity. There is available capital and there is a race to swiftly embrace what is happening in the hemp industry.”
Digipath is opening hemp potency labs with Hemp Inc. at their three current processing plants. “Once you know the potency of the hemp plant,” Todd Denkin explains, “and it’s below .3% THC, now you can ship to anyone or anywhere else in the country. Potency is necessary in order to be able to ship your product. We are thrilled about Hemp Inc., this is a real player that it also looking to globalize, so they are going to be a good partner long term.”
Find out more about Digipath, Digipath Labs and Grosciences at:
https://digipath.com
https://digipathlabs.com
https://grosciences.com
OTC: DIGP
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