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Friday, December 2, 2022

Stock on the Move: Digipath Inc (OTCMKTS:DIGP)

Digipath Inc (OTCMKTS:DIGP) is making a highly explosive move up on accelerating volume in recent days after reversing off $0.01 lows earlier this month.

The move up has been marked by steady accumulation and excellent support at every new level achieved. DIGP is being promoted by a number of outfits.

Digipath Inc (OTCMKTS:DIGP) supports the cannabis industry’s best practices for reliable testing, education, and training, and brings unbiased cannabis news coverage to the cannabis industry. Its four business units are DigiPath Labs, TNMNews Corp., DigiPath Corp., and DigiPath U.

DigiPath Corp.’s line of advanced digital pathology and advisory solutions include marketing, product development, sales, outreach, operations, customer service, regulatory, and financial management services for the healthcare industry.

DigiPath Labs™ is gearing up to set the industry standard for testing all forms of cannabis-based products using FDA-compliant laboratory equipment and processes to ensure product—and patient—safety and efficacy.

DigiPath Education and Training is developing a two-day seminar and a modularized six-week, instructor-facilitated online course for people who want to learn more about cannabis or are seeking employment in the new industry.

TNMNews’ balanced and unbiased cannabis news site and talk radio show focus on the political, economic, medicinal, and cultural dimensions of the rapidly evolving—and profoundly controversial—marijuana industry.

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Cannabisfn.com is currently promoting DIGP and has listed cash and stock in their disclaimer page on their website. They announced on March 26 that ”DigiPath is a diversified provider of reliable testing, educational programs, and unbiased news coverage focused on the burgeoning cannabis industry through its four business units – DigiPath Labs, TNMNews Corp, DigiPath Corp, and DigiPath University. By leveraging synergies between these various divisions, the company aims to build the industry’s premier conglomerate.”

The press release which is clearly bias in DGIP favor goes on to say ”DigiPath Labs aims to set the industry standard for testing all forms of cannabis-based products using FDA-compliant laboratory equipment and processes to measure safety and efficacy. Since securing a permit from the State of Nevada to open a cannabis-testing laboratory in June of 2014, the company has completed the construction of a $1.4 million facility that’s slated to open in just a few weeks.

“Patient safety starts with adhering to standardized, rigorous analytical techniques,” said DigiPath Inc. Chief Science Officer Dr. Cindy Orser, who heads up the DigiPath Labs subsidiary, in a recent press release. “We believe we have developed best-in-class procedures to test dried plant material and byproducts from the cannabis plant for potency and contaminants.”

The market for cannabis testing services has been consistently growing alongside the medical and recreational marijuana industries. With a growing number of products targeting the space, there’s an increasing need for laboratories designed to screen for potentially harmful contaminants like solvents, pesticides, mold, heavy metals, or microbial contaminants.

On March 18 DIGP announced it has entered into a preferred supplier marketing and resource-sharing agreement with Blue Line Protection Group. The agreement was designed to create synergies between Blue Line’s cannabis industry protection, compliance and transportation services, and DigiPath Labs’ testing and analytical services of cannabis-based products and media distribution.

In this cooperative relationship, DigiPath Labs and Blue Line are expected to share certain resources in Colorado and other states where both companies will operate. Blue Line and DigiPath have also agreed to promote each other as a “preferred vendor” through direct product and service referrals and through advertisements on Blue Line Smart Ads, the revenue-generating interactive displays available for free to marijuana-related businesses.

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Currently racing up the charts DIGP does have an excellent cash position of $3.6 million in the treasury, minimal debt and small but growing revenues. The Company operates in the red hot cannabis sector and has been making some big moves as of late. We will be updating on DIGP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DIGP.

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Disclosure: we hold no position in DIGP either long or short and we have not been compensated for this article.

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