Digipath, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 26, 2023 at 10:29 pm
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Digipath, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported net loss was USD 0.067498 million compared to USD 0.373596 million a year ago.
For the six months, net loss was USD 0.307828 million compared to USD 0.651199 million a year ago.
Hypha Labs, Inc., formerly Digipath, Inc., has developed technology that cultivates the mycelium root structures of psilocybin mushrooms and other functional mushroom's mycelium into a natural product. This product has an exact, consistent potency containing all the natural compounds found in these fungi. Typically, it takes six-eight weeks to fully grow mushrooms, and using its technology, the production of the active ingredient is only seven-10 days. This natural product solves the dosing issue created by having to use whole mushrooms. The product is tasteless and gentler on the stomach and can be used sublingually for fast-acting results. The product allows the consumer to produce measurable active ingredients at home for mental and physical benefits. It provides Psilocybin Mushrooms, Button Mushrooms, Shiitake Mushrooms, Maitake Mushrooms, Reishi Mushrooms, Lion's Mane Mushrooms, Oyster Mushrooms, Oyster Mushrooms and Crimini Mushrooms.
HYPHA LABS, INC. 
