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)18 (est)+80%
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 $2.84 m in FY, 2018
USD

Revenue (FY, 2018)

2.8m

Gross profit (FY, 2018)

770.1k

Gross profit margin (FY, 2018), %

27.1%

Net income (FY, 2018)

(1.7m)

EBIT (FY, 2018)

(1.8m)

Market capitalization (9-Oct-2018)

6.7m

Cash (30-Sep-2018)

176.0k
DigiPath's current market capitalization is $6.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

567.2k485.9k16.1k818.6k1.9m2.8m

Revenue growth, %

(97%)4989%

Cost of goods sold

304.0k297.5k85.6k380.0k904.2k2.1m

Gross profit

263.2k188.3k(69.5k)438.5k994.0k770.1k
Quarterly
USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Revenue

50.6k173.8k136.5k6.9k102.1k141.1k264.2k409.8k497.0k583.1k2.2m

Cost of goods sold

33.7k119.9k88.8k19.3k70.0k85.4k102.7k104.6k221.0k665.9k1.6m

Gross profit

16.9k53.9k47.7k(12.4k)32.1k55.7k161.5k305.1k276.0k(82.8k)660.1k

Gross profit Margin, %

33%31%35%(179%)31%40%61%74%56%(14%)30%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

35.4k5.1m481.1k135.4k178.2k176.0k

Accounts Receivable

43.6k123.0k6.1k98.4k266.6k167.7k

Inventories

159.0k285.3k192.6k

Current Assets

253.6k5.6m785.2k297.9k544.2k442.1k
Quarterly
USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Cash

127.4k3.7m2.0m1.3m63.7k182.8k73.5k163.3k277.6k236.4k40.1k

Accounts Receivable

45.4k127.3k184.0k85.0k20.8k16.6k103.2k107.3k167.0k240.0k200.9k

Inventories

156.8k205.4k196.7k206.1k

Current Assets

330.7k4.1m2.8m2.0m147.8k270.8k250.9k326.4k514.4k571.3k334.3k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(2.8m)(4.3m)(3.7m)(1.1m)(1.7m)

Depreciation and Amortization

4.6k83.7k244.6k253.5k277.3k

Inventories

159.0k(126.3k)92.7k

Accounts Payable

96.0k(63.5k)128.7k(35.7k)203.9k
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Net Income

(1.7m)(711.6k)(3.2m)(1.7m)(2.2m)(3.3m)(126.2k)(223.6k)(879.4k)(1.4m)

Depreciation and Amortization

16.1k61.1k122.2k183.4k61.7k141.7k213.2k

Inventories

198.5k205.4k196.7k79.1k

Accounts Payable

162.7k133.6k(39.8k)5.5k64.0k76.9k(13.1k)53.2k156.1k74.2k
USDY, 2018

Revenue/Employee

157.8k

Financial Leverage

1.4 x
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DigiPath Online and Social Media Presence

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DigiPath News and Updates

Digipath Announces Plans to Expand Cannabis Testing Internationally

LAS VEGAS, Jan. 2, 2019 /PRNewswire/ -- Digipath, Inc. (OTCQB: DIGP), a service oriented independent testing laboratory, data acquisition and media firm focused on the developing cannabis and hemp markets, is pleased to announce its plans to expand internationally. Colombia is the first...

Digipath, Inc. Announces Record Results for the Fiscal Year Ended September 30, 2018

LAS VEGAS, Dec. 28, 2018 /PRNewswire/ -- Digipath, Inc. (OTCQB: DIGP) ("DIGP" or the "Company"), a service oriented independent testing laboratory, data acquisition and media firm focused on the developing cannabis market, today announced financial and operating results for the fiscal...
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DigiPath Blogs

Final Challenges for Marijuana Social Consumption Lounges In Las Vegas

The last piece of the puzzle for the Las Vegas marijuana market seems to be marijuana social consumption lounges or social use venues. City officials like Tick Segerblom and Councilman Bob Coffin have worked hard at putting together a proposal that would permit cannabis lounges in Las Vegas for the …

Realities of National Marijuana Legalization in 2019

As a marijuana lab testing facility in Las Vegas, Nevada and with our expansion to California and into the international market in Colombia, we focus most of our attention on places where marijuana is now legal. However, it is impossible to ignore the debate about national marijuana legalization in …

California Still Struggling with Meeting Cannabis Lab Testing Standards

California never fails to draw the attention of the country, and its marijuana industry is no exception. After passing Prop. 215 over 20 years, creating a gray market for marijuana that was a first step in the fight to end prohibition, it also allowed for bad business practices in a barely regulated…

Tick Segerblom Leading The Way For Las Vegas Marijuana Criminal Record Clearing

In states that have legalized marijuana such as Washington, California and Colorado, there has already been some significant effort put forth in their respective well populated metropolitan areas to expunge the records of nonviolent marijuana misdemeanors. Here in Las Vegas, Tick Segerblom, who has …

Digipath Labs Awarded Three More Emerald Test Proficiency Badges

Digipath is proud to announce that it has received three more Emerald Test Proficiency Badges to bring our total to 16 badges. We are excited to continue being the gold standard for cannabis lab testing in the Las Vegas area. LAS VEGAS, Jan. 4, 2019 /PRNewswire/ — Digipath, Inc. (DIGP) a service ori…

2019 New Year’s Las Vegas Celebration Features Sale of Most Expensive Marijuana Ever

For a long time Las Vegas has been a very popular New Year’s Eve destination with its luxury hotels, casinos and legendary nightlife. It is a place where the rich, glamorous and the everyday person alike come to indulge on the best that life has to offer. Now that adult-use marijuana is legal in Las…
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DigiPath Company Life and Culture

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DigiPath Frequently Asked Questions

  • When was DigiPath founded?

    DigiPath was founded in 2010.

  • Who are DigiPath key executives?

    DigiPath's key executives are Joe Bianco and Todd Denkin.

  • How many employees does DigiPath have?

    DigiPath has 18 employees.

  • What is DigiPath revenue?

    Latest DigiPath annual revenue is $2.8 m.

  • What is DigiPath revenue per employee?

    Latest DigiPath revenue per employee is $157.8 k.

  • Who are DigiPath competitors?

    Competitors of DigiPath include Mic Network, Salon Media Group and Stv Group.

  • Where is DigiPath headquarters?

    DigiPath headquarters is located at 113 6450 Cameron St, Las Vegas.

  • Where are DigiPath offices?

    DigiPath has an office in Las Vegas.

  • How many offices does DigiPath have?

    DigiPath has 1 office.