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“Virtually every aspect of the cannabis industry is ripe for technology-based innovation and disruption.”
Quote from today’s Forbes article.
MYDX is the ONE with the data.
Data is the new oil. MYDX is on the path of revolutionizing medicinal Cannabis where the products come from the data.
I had a order in for 10,000 shares at .2105 early in the day which never got filled. No biggie except it was was more than the last sale at the end day. I am not sure what that means except someone wanted to sell for less and bring the price down?
I got in today with 13,000 shares. It was not difficult to buy them. I will get more if it continues to move back up or if it goes down below 22.
I keep waiting for a sign that the share price is turning around. I want to buy since I do not own any yet. I have done some DD and it seems like a legit company.
No problem let’s not go up too fast. Slow and steady wins the race.
I am with you. I continue to buy every week. I Get in early and avoid the worry of it taking off without me.
I would be very nervous if I was betting against this company. This thing could run so hard with a good announcement (and I believe they are coming!)
MYDX has put in the years of work that it takes to get to where it is now. Which is perhaps on the verge of major achievements.
I am in all of them hydro:)
Cannabis is a rapidly growing industry. People are realizing that all aspects of the industry will be increasing in the future. MYDX does not have a lot of revenue but they have data. Data=$ in the future. They also have an array of products both physical and online that have a particular niche in the cannabis industry. One that no other company has.
I am buying and holding. This industry is just getting started.
Personalized medicine is the future and MYDX is one of the few companies combining it with Cannabis. It feels good to be a part of the revolution.
Thanks for putting all the work into this. I really appreciate it and all of you who post here.
MyDx Reports Positive Net Income as it Positions Itself for Growth and Investment
SAN DIEGO, CA, May 22, 2018 (GLOBE NEWSWIRE) -- MyDx, Inc.(OTC: MYDX), a leader in science based cannabis health technologies and creator of the industry’s first handheld analyzer to help consumers and professionals understand how cannabis makes cannabis users feel,today announces its 2018 first quarter earnings results and management analysis.
MyDx reported positive earnings of $880k in the first quarter of 2018 as it executes its business model. The $880k compares favorably to the same quarter last year that saw a loss of -$5.1 million.
Operations continue to be streamlined to maximize operational efficiency and minimize waste. Gross profits remained relatively even from the same quarter in the previous year as gross margins increased by 6 percentage points. Total Operating costs decreased by 32% from the same quarter in the previous year due to the more efficient scaling and allocation of marketing and other general operating expenses. R&D expenses rose due to the ongoing commercialization of the ECOSmartPenTM.
MyDx continues to deliver on its long-term growth strategy as it utilizes its database of over 10 million pre-clinical data points that tie cannabis chemical profiles to their net physiological effects. MyDx360TMis a fully integrated suite of services designed to provide brands immediate access to the legal cannabis market with differentiated products that are created using the latest science and technology.
To learn more about MyDx360, please visit www.mydxlife.com/mydx360.
MyDx, Inc. (OTCMKTS:MYDX) customers in California will now have access to one of the first legally licensed cannabis manufacturing and distribution facilities in San Diego, following a recent announcement from the company.
We haven’t touched upon MYDX in a while here on Street Register, but it’s a company with perhaps one of the most intriguing offerings that operates within the cannabis space without being directly tied to the actual growth, distribution and sale of cannabis.
MyDx, Inc. (OTCMKTS:MYDX)’s flagship product, MyDx®, also known as “My Diagnostic”, is a patented multiuse hand-held chemical analyzer designed to help users test for pesticides in food, chemicals in water, toxins in the air, and the safety and potency of cannabis samples, which is the Company’s initial focus through its CannaDxTM application.
CannaDx users have submitted over 40,000 crowdsourced records revealing the chemical profile of the cannabis they are consuming and how it makes them feel which feeds into the the company’s data analytics platform. This is an invaluable tool for customers and proporietors at every level of the cannabis trade.
This week we have learned that the company has launched its first MyDx360 customers into the California legal cannabis market. In order to provide a complete and seamless product offering for MyDx360 customers, starting with the development of custom oil formulations based on the MyDx Database, as well as supplying the EcoSmartPenTM technology suite to track consumer feedback, MyDx360 customers who have developed proprietary product formulations powered by MyDx are now able to seamlessly transition themselves into full scale legal manufacturing and distribution of cannabis in the State of California through this new partnership.
After months of diligence, MyDx has completed its research into the San Diego legal manufacturing and distribution license holder marketplace. Having reviewed the varying degrees of license approval status that many groups currently hold, MyDx has confirmed the positive approval at both the city and state level of a reputable, legally licensed, manufacturing and distribution partner it has signed an agreement with to support the products developed by MyDx360 customers.
With this complete service, formulated products developed for MyDx360 customers are now able to be fully integrated into the California Cannabis Track-and-Trace (CCTT) system that records the inventory and movement of cannabis products from production to sale.
“MyDx is very excited to now focus on combining what we believe is the most advanced dataset in the industry with our cutting edge scientists and R&D formulators to continue to innovate products for MyDx360 customers working towards maximal impact and satisfaction for their customer base,” stated Daniel Yazbeck, Chief Executive Officer of MyDx. (Source: Globe Newswire)
MyDx isn’t just about the cannabis busniness, however. Its engagement platform os designed to help all manner of buinsesses develop, launch and track the effects of products on consumers to help penetrate their target markets more effectively. As part of the service, companies choose from among MyDx’s many chemical formulations that best align with the physiological response its target demographic is seeking. From there, MyDx can outsource the delivery of those formulations through licensed concentrate manufacturing facilities and provide customer-engagement support via its SAAS (software as a service) platform and MyDx smart devices such as the EcoSmartPen.
We think MYDX has a lot of potential and are going to be interested in continuing to track its activities moving forward.
All this is great progress. I feel as though there are many other advancements being worked on behind the scenes. With the huge volume of people visiting their website, information is flowing (which is the new oil).
One day MYDX may be a common household name and used by many to determine the safety of their food, air, water...
It’s difficult when others are bent on crushing MYDX so they can take control of these cutting edge tools and ideas.
Thankfully the tide is turning and MYDX is pushing forward with one success after another.
Amazon was in the Red until 2009 and after. Not that MYDX has anything close to Amazon but the model remains viable.
All one has to do is look at the past years or (even the last few months)announcements to feel positive about MYDX.
Whether you like MYDX or not. One thing we can all agree on is that the share price can move fast.
There are A LOT of people waiting for this to run. When it does there will be one hundred million traded in a day easy. Many of us have seen it before.
Most of us know that there are huge possibilities for MYDX$$$
I have committed to holding my 20,000,000 + shares
Someone has been really accumulating with big buys lately. Perhaps? it is Dr. Heiner Dreismann, Or people affiliated with him.
He recently:
“joined as the company’s Chairman of the Executive Advisory Board. Under Dr. Dreismann’s leadership as Chief Executive Officer of Roche Molecular Systems, Roche became the global leader in molecular diagnostics by a significant expansion of their portfolio of molecular tests and respective instrumentation. Prior to his appointment as Chief Executive Officer of Roche Molecular Systems, Dr. Dreismann held several other senior positions within Roche, including head of Global Business Development for Roche Diagnostics, Business Unit Europe Manager for PCR, head of Business Unit for Microbiology, as well as R&D positions in microbiology and infectious diseases and the head of manufacturing for infectious disease diagnostics.”
Hey just so we are clear about what intellectual property is please review the following definition:
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect, and primarily encompasses copyrights, patents, and trademarks.[1] It also- includes other types of rights, such as trade secrets, publicity rights, moral rights, and rights against unfair competition. Artistic works like music and literature, as well as some discoveries, inventions, words, phrases, symbols, and designs, can all be protected as intellectual property.[2][3]
MYDX has a lot of intellectual property according to this definition.
With so many positive developments and near/long developments they won’t be able to contain this for much longer. Especially with the coming surge in MJ stocks.
Thanks LTG! Well put.
Dr. Dreismann To Also Serve as Chairman of the Executive Advisory Board; Assist MyDx In Seeking Development Partners and Strategic Partners
San Diego, CA, April 24, 2018 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTC: MYDX), a science and technology company and creator of MyDx® (My Diagnostic), the first multi-use handheld chemical analyzer designed for Cannabis professionals and retail consumers to understand the chemical profile of cannabis with how it makes them feel and which ailments it alleviates, today announced that Heiner Dreismann, Ph.D., has joined as the company’s Chairman of the Executive Advisory Board. Under Dr. Dreismann’s leadership as Chief Executive Officer of Roche Molecular Systems, Roche became the global leader in molecular diagnostics by a significant expansion of their portfolio of molecular tests and respective instrumentation. Prior to his appointment as Chief Executive Officer of Roche Molecular Systems, Dr. Dreismann held several other senior positions within Roche, including head of Global Business Development for Roche Diagnostics, Business Unit Europe Manager for PCR, head of Business Unit for Microbiology, as well as R&D positions in microbiology and infectious diseases and the head of manufacturing for infectious disease diagnostics.
MyDx CEO Daniel Yazbeck commented, “Dr. Dreismann is a top industry expert in the field of molecular and medical diagnostics. He has a proven track-record of leadership in the development, commercialization and adoption of diagnostics, and brings valuable real-world experience as we continue to develop our advance our smart devices and data monetization strategies in 2018.”
“Our focus will continue to be getting more of the MyDx diagnostic tools into consumers’ hands,” continued Yazbeck. “Dr. Dreismann, throughout his impressive career and consistent successful track record, has developed numerous domestic and international industry contacts which we believe will open doors for our company. We are very pleased to welcome Dr. Dreismann to MyDx and look forward to his active participation and contribution to our success.”
Dr. Dreismann added, “After having spent time with Mr. Yazbeck and learning more about his vision for MyDx as a leader in science based cannabis health technology, I am pleased to be a part of the team that has developed the first consumer diagnostic that will bring true innovation to personalized medicine. It is my intent to be an active member of the Advisory Board and as I develop a deeper understanding to become even more active with the Company. I intend to bring my experience and contacts, which I believe can create real opportunities for our business as we develop products and seek licensing partners for our technologies.”
Dr. Dreismann holds a Masters Degree in Biology and a Ph.D. in Microbiology/Molecular Biology (summa cum laude) from Westfaelische Wilhelms University in Muenster, Germany.
To learn more about MyDx, please visit www.mydxlife.com.
Mydx has very valuable exclusive rights to many patents. If they were not so valuable why would so many people spend there precious time here when they are not shorting the stock? They may do it to get these patent rights.
MYDX has the control and holds the cards. There is a very good chance they will be able to change our world for the better by using the exclusive rights to the patents to make products we can all use for health and safety.
I am very happy about the new license and distribution agreements and joint venture with 2 established companies. The future is data analytics. MYDX has shown (astoundingly so) they have the Data.
That will prove to be a revenue generator. No one else in the cannabis industry has this amount and type of data. Unlocking the huge potential of Cannabis for all aspects maintaining healthy body’s.
To imagine that they may have even half of the 21 million dollar payday at the end of the year would propel them onto the fast track of product development.
This is spot on. There are very few shares sold short ( at last glance)... it makes you wonder why so much negativity for sure.
MYDX has mega potential and I am here for the long haul.
The technology MYDX uses will most likely play an important role in taking charge of ones personal health and safety management.
Therefore, the question is whether it's MYDX will successfully lead us into the future or another company attempting to use similar technology.
MYDX has a substantial lead over these other companies so possibly the only way for these companies to catch up is to take MYDX down.
I feel like MYDX still holds the cards that will win this game.
If there is a trade war or a further threat of one how will bitcoin react? It has no international borders so does that mean it could be a "safe haven". Perhaps it will be A place to deposit funds from the world markets that will be affected.
Me too Chrisdemaui. The more research I do about MYDX the more I buy the stock. There is so much potential here like a ripening mango tree. It's only a matter of time until we can all enjoy the fruit of their work and innovation.
Although I have never been a "long" in a OTC stock before this one I plan on holding for years...
I believe he said that the price for the offering Will be less than the stock price from Friday’s close? I may be wrong however. $.10 was just a hopeful number perhaps.
I have to go back and listen again. Too many distractions!
The next two days will be interesting! Especially since you have to be in by Friday to enjoy the offering.
He still has a very good/experienced group of people working with him.
He paints an exciting picture of the long term future.
How many OTC investors think about the long term?
Hopefully there are some deep pockets interested!
Perhaps all that accumulation by "someone"? Will take the brunt of the 5mil.
I am definitely interested!
Your amazing thanks!
Like most of you here I am deep in the red and would not consider selling my 500,000+ shares until this hits 15cents or more. I am mildly enthused about today's buying but will reserve my excitement until I see the PR...
Thanks to all of you longs and those who keep this message board alive!
Thanks for the article mighty. I have friends with endometriosis. It's just another example how cannabis can and will change lives for the better when used for healing.
Once again we realize Mydx is on the frontline of bringing on these benefits. I am thankful to be a part of it.
That’s a huge number and it keeps going up! It will be interesting to see what that translates to.
I agree uplisting is pretty big news. It may take a while for it to fully impact the share price but I think it will in a positive manner.
I heard "data" called the new "oil" yesterday. Just another reason MYDX has so much potential. They sell a device that collects data. With more devices coming (vape pen).
Every day more free data rolls in at minimal cost to them. To be at the leading edge of cannabis data collecting is invaluable and has not been priced into the value of this company.
It seems to disappear and reappear quite often. At least a few times a day. I am no expert but it seems that it's being used strategically and they really do not want to sell the shares. Perhaps It scares others into selling though. The only way to blast through it is a big volume day. It seems easy to bring it up or down on low volume.
My trading platform (Charles Schwab) only allows trades for less then 1 million shares. I'm not sure what other platforms allow.
I’m truly looking forward to justice being served as a shareholder and as a human being.
The real fake out was NITE putting a 14 million plus wall up and then removing it and low balling the price. In the long term it may not mean anything and in the now it's the same ole' thing we have been seeing.
Normally I don’t mess with OTC stocks. I do own a few. However, my long family history is large cap stocks and I do like those for their consistency.
When I do dabble in penny stocks I look for companies not so much with revenue but ones that are on the cutting edge of future technologies and forward thinking ideas.
MYDX checks more progressive boxes then any others I have found.
-Medical Cannabis related
-Online health information and Dr. consultations. (taking responsibility for your own health using information and devices found online is the future of health)
-Environmental health related. Which is my degree and focuses on how water, air, foods (pesticides)...effect the body.
-Crypto currency
(Although MYDX is not involved with this exactly, for those of you who know about crypto currency it is essentially about trusting and verifying (which is what the Blockchain is about) therefore MYDX’s “Trust and Verify” campaign seems aligned with that forward thinking.
-Genetics and Health
Using medicine that is aligned to your personal genetics and the genetics of the plant when it comes to health issues. MYDX are aligned with companies who are doing this.
-Data analytics
with the amount of data and information coming into our world dear future will be holy determined by analyzing that data MYDX is on the front line of analyzing marijuana data.
-Fighting for truth and justice. With so many hidden evils being exposed these days ( I. E. Metoo movement)MYDX is on the front line with this court case to fight for shareholders and the rights of companies to prosper without illegal activities trying to bring them down.
-With more to come!
Thanks MYDX longs!