CannLabs Opens Connecticut Laboratory


Ryan Allway

October 29th, 2014

News, Top News


[stockchart symbol=CANL]

CannLabs Inc. [stockquote symbol=CANL], a leading provider of proprietary cloud-based analytics and scientific testing methodologies related to cannabis, recently announced the opening of CannLabs Connecticut Inc., an independent testing facility licensed in Connecticut to analyze medical cannabis. Last week, the lab secured multi-year testing contracts with two of the four licensed growers in the state.

“With the opening of CannLabs – CT, the first CannLabs licensed cannabis testing laboratory outside of Colorado, CannLabs enters a new growth phase, expanding into new markets,” said CannLabs Inc. CEO Mark Mirken in a recent press release. “Connecticut is the perfect market for us to enter, it has a limited number of growers and one of the most stringent testing regimes in the country.”

The new Hartford, CT-based facility is licensed by the Connecticut Department of Consumer Protection to analyze cannabis products from the four producers licensed by the state. With some of the strictest quality control standards in the nation, the guidelines include very low tolerance limits for specified bacteria, fungi, heavy metals, and pesticides, which holds the laboratory to a high standard.

“Having signed contracts with 50% of the market prior to entry, creates [sic] an immediate revenue stream, making Connecticut even more attractive,” added Mr. Mirken. “When fully operational, the lab will be managed and staffed by employees from the local market, bringing training and jobs to Connecticut as well as providing an entry point into new and existing markets in the Northeast.”

CannLabs and its licensed laboratories are strong advocates for developing a cannabis market that offers both quality assurance and safety for the consumer. Their commitment to advancing testing processes and methods is a commitment to the clients and industry by ensuring any products tested, using its technology, meet the requirements of mandated regulations.

Shares of CannLabs Inc. closed down 4.76% Tuesday, October 28, 2014 following the news release.

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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