Digipath, Inc. (OTCQB: DIGP) (“DIGP” or the “Company”), a leading independent analytical testing laboratory, data analytics and technology firm focused on the cannabis and hemp markets, is pleased to announce the closing of its acquisition of VSSL Enterprises Ltd. (“VSSL”). VSSL, located in Kelowna, B.C., is a provider of agritech consulting solutions in the areas of cannabis genetics, tissue culture, cultivation, analytical testing and predictive tools.
The two co-founders of VSSL, Kyle Remenda and Dr. Philippe Henry, joined Digipath’s executive team in September 2019, and bring a wealth of scientific and practical expertise and industry relationships to the Company. VSSL and Digipath have previously collaborated on the development of the patent-pending, True Hemp ID mobile genetic testing assay that allows for the genetic distinction between Hemp and Cannabis. It was this collaboration that led the two companies to come together.
Digipath believes that the acquisition of VSSL will provide increased growth for its leading ISO certified analytical lab in Las Vegas, NV due to the relationships and scientific credibility of VSSL’s founders. The acquisition also expands the Company’s global ability to provide customers with technical services in the areas of germplasm development, tissue culture and cultivation. In addition, VSSL will continue to pursue growth opportunities in Canada, where cannabis is federally legal.
“We are excited to bring our vision, expertise, and IP to Digipath and its world class analytical lab,” stated Kyle Remenda, CEO, Digipath, Inc. “Together, I believe we can build a significant company that will be at the vanguard of science-based improvements in the quality and productivity of the global hemp and cannabis industry.”
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Source: Biospace
