MyDX – How a Handheld Chemical Analyzer Would Allow Consumers to Regain Control Over Their Food, Air and Water Quality
Demand for information about what we consume is as high as ever amidst increasing instances of food and other products being passed off as organic when they contain pesticides.
- In 2013, consumers in Europe unwittingly purchased ground beef products that were really made of horsemeat
- In November, 2015 Italian authorities discovered olive oil for the Italy’s top producers were passing off cheaper, Tunisian olive oil as the top shelf, Italian extra-virgin oil
- Liberalization of marijuana laws aren’t accompanied by quality regulation so demand is on the rise for ways to detect mold, pesticides or E. coli in the booming marijuana trade.
Stock site Growth Cap Report in a company profile published today about MYDX provides insight into what’s driving this company’s growth.
Some highlights of the company profile:
- A unique consumer solution for food, air and water safety, protecting against undisclosed ingredients, E. coli, mold and impurities
- Just began generating revenue with first product after $7 million invested into solution
- Low float and large insider position
As demand grows for their products, investors continue to bet on success of organic focused companies such as Jamba (JMBA), Inventure Foods (SNAK) and SunOpta (STKL).
And MYDX’s first product seems to be embraced by the industry with an endorsement from MassRoots (MSRT) a publicly traded cannabis leader.
With a market for organic products compounding at double digits annually, products that detect impurities, pesticides, E/coli, etc., are in increasing demand.
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SOURCE: Growth Cap Report