Portable Cannabis Analyzer Company MyDx Posts Increased Revenue

Handheld consumer cannabis analyzer creator MyDx reported a 75 per cent increase in revenues in the second quarter of 2016.

The company posted expected revenues of $282,000 ending Jun. 30, 2016, driven largely by orders of the company’s CannaDx technology that allows consumers to accurately identify the composition of their cannabis.

The company is now preparing to roll out new additions to the device, allowing users to test their food and beverages.

“For the first time in history, consumers will have the ability to use an affordable handheld device to test for the presence of toxic chemicals (including pesticides and heavy metals) in their fruits and vegetables, drinking water and medicinal cannabis samples,” said MyDx, Inc. chairman and chief executive officer Daniel Yazbeck.

The new product launches include OrganaDx, AquaDx, and AeroDx — three new sensors compatible with the existing MyDx analyzer that will expand the scope of the device, available in the second half of 2016.

“We are very proud and look forward to celebrating the completion of our mission to help the everyday consumer Trust and Verify the chemical composition of everything they eat, drink, and inhale,” said Yazbeck.