LAS VEGAS, NV--(Marketwired - Jul 12, 2016) - DigiPath, Inc. (OTCQB: DIGP) an independent cannabis lab testing and media firm, is pleased to announce that it has engaged Viridian Capital Advisors as an advisor, to assist it in executing its acquisition and growth strategy.
Joe Bianco, recently named DigiPath CEO, commented, "The laboratory testing market for cannabis is vital to ensure the health and wellbeing of consumers. Under the leadership of Todd Denkin, the President of our Company, DigiPath has created one of the leading brands and reputations in the industry for quality, standards and reliability. Moreover, there are current strategic growth and consolidation opportunities that exist for DigiPath in the cannabis lab testing sector, and in the much larger pathology/toxicology lab testing industry. This is why we chose to engage Viridian Capital Advisors which, in our opinion, provides us with access to the industry and transactional experience we need."
Scott Greiper, President and Founder of Viridian Capital Advisors, stated, "Laboratory testing is one of the vital platform technologies in the cannabis marketplace, and must become standardized, consistent and robust in order to maintain the long term health of the cannabis industry. With a management team that brings real pedigree and track record, DigiPath is emerging as a market leader in regard to financial growth, market positioning and best practices. We are truly excited to partner with the Company."
About DigiPath, Inc.
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.
For more information please visit http://www.digipath.com/.
This press release contains "forward-looking statements" that include information relating to future events, and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the Company's need for additional funding, governmental regulation of the cannabis industry, the demand for the Company's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting DigiPath, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
About Viridian Capital Advisors, LLC
Viridian Capital Advisors, LLC is a financial and strategic advisory firm dedicated to the cannabis industry. Its banking practice, through broker-dealer Pickwick Capital Partners, provides capital to fund the growth of Viridian's clients, while Viridian's advisory practice helps to position and build their businesses. Leveraging its team's decades of high level operating and transactional experience on Wall Street, in industry and in the government, Viridian provides flexible comprehensive strategic and financial solutions that assist cannabis enterprises in realizing their full potential.
For more information, please visit http://www.viridianca.com.