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CannLabs CEO Mark Mirken Interview

Ryan Allway

November 6th, 2014

News, Top News

[stockchart symbol=CANL]

CannLabs Inc. [stockquote symbol=CANL], a leading provider of proprietary scientific, testing processes, cloud-based business intelligence, and data/analytics, as well as consulting services to the legal cannabis industry, was recently featured in an article appearing on SeekingAlpha on October 31, 2014. In the article, Dallas Salazar interviews CEO Mark C. Mirken about the company’s upcoming prospects.

During the second quarter, the company’s revenue increased from $112,273 to $270,220, driven by organic growth from mandated testing. Management indicated in the SeekingAlpha interview that they already control about 49% of Colorado’s cannabis testing market, CannLabs’ management believes that with more states applying same standards for testing, it makes it easier to scale the laboratory testing business to meet market opportunities

CannLabs’ management believes there’s additional potential in Colorado, Nevada, Washington, Connecticut, and Illinois given potential upcoming regulations. In many of these states, regulators are considering expanding their testing requirements from just potency toward microbial screening, heavy metal screening, and other areas, which the company plans on addressing with new services.

Currently, CannLabs tests cannabis for moisture content, potency, terpene, foreign matter, microbials, mycotoxins, heavy metals, pesticide residue, and other elements included in various state mandates. Many cannabis growers have been using these extensive testing services before any state mandates in order to avoid potential legal issues stemming from providing unsafe products to the public.

The company also provides consulting services that direct its customers how to proceed based on the results of its testing services. If problems were identified during the testing phase, the company has the expertise to help correct any issues and reformate products to meet regulatory standards. Government bodies have also reached out to the company to provide consulting services.

With these various divisions vertically integrated into a single entity, the company is uniquely positioned as a growth story in the cannabis industry. Management’s significant room for growth potential – including its new 4,000 square foot Connecticut facility – could open the door to significant revenue expansion over the coming quarters and provide investors with a number of potential catalysts.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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