MyDx Inc. (fka MYDX)

[Bed Bath & Beyonce]

Mutual respect.

I'm not referring to strictly posts here on ihub. I question the MYDX "deals" is because this sector has seen SO many companies in desperate situations (especially in this sector, where traditional financing cannot be acquired) will do anything for cash or a SP boost. It has gotten to the point where shareholders are filing suit against companies....for example look at the lawsuit recently filed against Greengro Technologies and its CEO.

With MYDX, take a moment to look at the Black Swan deal. This is the text of the arrangement from MYDX's 10-Q filing from earlier this week...

On June 12, 2017, MyDx, Inc. (the “Company” or “Licensor”) entered into a license and services agreement (the “License Agreement”) with Black Swan, LLC (the “Licensee”). The Licensor agrees to grant to the Licensee the Access License which shall consist of:

(a) access to the database to enable Licensee to engage in formulation queries regarding the effects of having different amounts of terpene or other chemicals in cannabis strains;

(b) access to the database’s chemical profile library and related definitions;

(c) access to a list with the contact information and fee schedule of cannabis extractors with state licenses so that Licensee can submit the formulation query results to such licensed cannabis extractors. Such licensed extractor list may change and Licensor shall have no obligation to provide Licensee with an updated list; and

(d) access to the CannaDxTM mobile application to track feedback and reviews by up to 20,000 users of Licensee’s products.

The Licensor will provide the Product Services which shall consist of:

(1) Licensor providing annual MyDx360 SAAS Premium Subscription at a cost of $15,000 per annum

(2) Licensor providing 6,000 Cartridges every six months to the Licensee at a cost of $2.49 per Cartridge ($14,940 in total every six months). It shall be a requirement of this Agreement that Licensee order 6,000 Cartridges from Licensor every six months;

(3) Licensor providing 1,000 Eco Smart Pens to the Licensee, when available, over the three-year term of this Agreement at a cost of $25 per Eco Smart Pen ($25,000 in total); and

(4) Licensor providing 6,000 batteries to the Licensee over the three-year term of this Agreement at a cost of $3.99 per battery ($23,940 in total).

The term of this Agreement shall be three (3) years. Licensor shall have the right, in its sole discretion, to terminate this Agreement if Licensee does not order and pay for at least 6,000 Cartridges every six months at a cost of $2.49 per Cartridge ($14,940 in total every six months).

Rather detailed, isn't it?

Compare that to the most recent Ganja Gold announcement in the same 10-Q:

On January 26, 2018 the company entered into a joint venture with Ganja Gold to form “NewCo”. With the formation of NewCo, the intent is for the Parties to manufacture and distribute a new premium line of physiological based Vape formulations under Ganja Gold Vape Brand (“GGV Brand”). The GGV Brand will be powered by MYDX data and formulations utilizing the Eco Smart Pen Device under an exclusive license of MYDX Power Formulations. MyDx will have the option to acquire 50% of NewCo.

Seems to be a big difference in details and arrangements. In Black Swan, there's a signed deal, in GG, it's more "intent."

For context, remember around this time last year when MYDX issued a PR saying It "sold out" of CannaDX devices? It made some people believe they sold 1,000 devices? They didn't, because the product revenue number from the 10-K say MYDX sold about 570 devices for the entire year.

Could GG evolve into a signed agreement? Yes, entirely possible. Until then, AND when there is actual revenue coming in, skepticism reigns.