DigiPath Inc. (OTC: DIGP), a provider of reliable testing, education, news, and training to the burgeoning cannabis industry, recently released a letter to shareholders outlining the company’s operational progress across all of its business units and improvements made to its financial condition.
“The big news is that less than five months after receiving a provisional license to build and operate a cannabis testing lab in Clark County, we’re ready to open,” said DigiPath Inc. CEO Todd Denkin in the letter. “In that short time, we have assembled an exceptional team of scientists, developed industry leading processes, and invested over $1 million in analytical instrumentation.”
In addition to opening the cannabis testing facility, the company reported that its TNMNews unit has grown to reach over 100,000 listeners each month. These listeners come from its online presence, Live365, and a growing number of terrestrial radio stations across the country, including stations in Wisconsin, Colorado, North Carolina, and Alaska.
The company’s Digi U unit continues to develop its curricula, with the launch of courses designed to educate doctors, nurses, lawmakers, and cannabis industry professionals expected later this year.
And finally, the company’s digital pathology unit has been actively expanding overseas with distribution partnerships in Asia, the Middle East, and the Pacific Islands. These regions are in the process of upgrading their healthcare infrastructure and modernizing rural medical facilities, which has created a large and growing opportunity for the company’s solutions.
“My mantra is: Execute. Execute. Execute. A year ago, we saw huge opportunities and reinvented the company to take advantage of them,” added Mr. Denkin in the letter’s conclusion. “We have made enormous progress, and believe we are better prepared and further along than the competition.”
To read the entire letter, visit the company’s website at:
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/.