Digipath, Inc. is an independent cannabis testing and media firm that supports the cannabis industry's best practices for reliable testing and delivers cannabis news coverage and education about the cannabis industry. Digipath's two business units are Digipath Labs and TNM News Corp. Digipath Labs is working to set the industry standard for testing all forms of cannabis-based products using FDA-compliant laboratory equipment and proprietary standard operating procedures (SOP) to ensure product safety and efficacy. TNM News Corp. has pioneered a cannabis-focused news network, The National Marijuana News, which delivers news, interviews, and education on all things cannabis.

TypePublic
HQLas Vegas, US
Founded2010
Size (employees)10 (est)
Websitedigipath.com
DigiPath was founded in 2010 and is headquartered in Las Vegas, US
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Key People/Management at DigiPath

Joe Bianco

Joe Bianco

CEO
Todd Denkin

Todd Denkin

Founder, COO, President
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DigiPath Office Locations

DigiPath has an office in Las Vegas
Las Vegas, US (HQ)
113 6450 Cameron St
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DigiPath Financials and Metrics

DigiPath Revenue

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DigiPath's revenue was reported to be $1.90 m in FY, 2017
USD

Revenue (Q3, 2018)

2.2m

Gross profit (Q3, 2018)

660.1k

Gross profit margin (Q3, 2018), %

29.7%

Net income (Q3, 2018)

(1.4m)

EBIT (Q3, 2018)

(1.5m)

Market capitalization (9-Oct-2018)

6.7m

Cash (30-Jun-2018)

40.1k
DigiPath's current market capitalization is $6.7 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

485.9k16.1k818.6k1.9m

Revenue growth, %

(97%)4989%

Cost of goods sold

297.5k85.6k380.0k904.2k

Gross profit

188.3k(69.5k)438.5k994.0k
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Revenue

173.8k136.5k6.9k102.1k141.1k264.2k409.8k497.0k1.7m2.2m

Cost of goods sold

119.9k88.8k19.3k70.0k85.4k102.7k104.6k221.0k1.0m1.6m

Gross profit

53.9k47.7k(12.4k)32.1k55.7k161.5k305.1k276.0k659.2k660.1k

Gross profit Margin, %

31%35%(179%)31%40%61%74%56%39%30%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

5.1m481.1k135.4k178.2k

Accounts Receivable

123.0k6.1k98.4k266.6k

Inventories

285.3k192.6k

Current Assets

5.6m785.2k297.9k544.2k
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Cash

3.7m2.0m1.3m63.7k182.8k73.5k163.3k277.6k236.4k40.1k

Accounts Receivable

127.3k184.0k85.0k20.8k16.6k103.2k107.3k167.0k240.0k200.9k

Inventories

205.4k196.7k206.1k

Current Assets

4.1m2.8m2.0m147.8k270.8k250.9k326.4k514.4k571.3k334.3k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(2.8m)(4.3m)(3.7m)(1.1m)

Depreciation and Amortization

4.6k83.7k244.6k253.5k

Inventories

159.0k(126.3k)92.7k

Accounts Payable

96.0k(63.5k)128.7k(35.7k)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Net Income

(1.7m)(711.6k)(771.5k)(1.7m)(446.2k)(1.1m)(126.2k)(223.6k)(879.4k)(1.4m)

Depreciation and Amortization

61.1k61.1k61.2k61.7k141.7k213.2k

Inventories

198.5k205.4k196.7k206.1k

Accounts Payable

162.7k133.6k111.9k34.5k93.0k105.9k144.5k53.2k156.1k74.2k
USDY, 2018

Financial Leverage

1.2 x
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DigiPath Online and Social Media Presence

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DigiPath Blogs

The Bill to Legalize Medical Cannabis Research

One of the more difficult contradictions for marijuana legalization advocates to rationalize is the prohibition of medical cannabis research. The federal government labels cannabis as a Schedule 1 controlled substance which classifies marijuana as a highly addictive substance with no medical value. …

Airports Around California Relaxing About Marijuana Possession

After California voters passed Prop. 64 everyone knew that marijuana possession, consumption and how cannabis would be sold would change and end up being in direct conflict with federal laws. Where federal law and state law really seem to get crossed-up the most is at the state border, in particular…

Bar Association Warns All Employers About Medical Marijuana Consumption Discrimination

In a recent federal ruling out of Connecticut, a judge decided that a nurse who had a job offer rescinded after testing positive for THC was discriminated against per Connecticut medical marijuana state law. The ruling is unique at the federal level as most medical marijuana consumption discriminati…

Study Finds that Marijuana Does Not Reduce Pain but Increases Pain Thresholds

It feels like there are more research studies on marijuana to determine its medical value lately than we have ever seen before. One of the most recent studies published in JAMA Psychiatry came out of Syracuse University and sought to delve deeper into how cannabis can benefit people suffering from p…

Digipath, Inc. CEO, Todd Denkin Interviewed on CEOLIVE

LAS VEGAS, Sept. 20, 2018 /PRNewswire/ — Digipath, Inc. (DIGP), a service-oriented independent testing laboratory and media firm focused on the developing cannabis industry, was selected by CEOLIVE Media Group for a comprehensive video interview with its President and CEO, Todd Denkin. Mr. Denkin ha…

The DEA Is Allowing Marijuana Imports into the US from Canada for Research

After two years of lobbying the DEA to permit marijuana imports in the form of capsules containing THC and CBD from Canada into the United States for research at the University of California San Diego’s Center for Medicinal Cannabis Research, the DEA has finally said yes. Dr. Fatta Nahab led the cam…
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DigiPath Company Life and Culture

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