Medicinal Genomics Corp. (MGC) announced that SD PharmLabs, a multistate testing lab organization, has selected Medicinal Genomics’ PathoSEEK® qPCR platform for microbial testing in its Texas hemp lab, the first in that state. Beyond testing, PharmLabs also provide genetic breeding services to cannabis and hemp cultivators in half a dozen states and is heavily involved in assisting regulators in those states with crafting regulations governing their legal industries.
“We build state-of-the-art facilities everywhere we land,” said Greg Magdoff, Founder and CEO of SD PharmLabs. “We have every supplier’s platforms in our labs, but we wanted to find the best for this latest opening. We put every supplier’s features and capabilities into a spreadsheet. Once we did that, the answer was obvious. Medicinal Genomics won hands down.”
The hemp business is Texas is just getting started and has tremendous potential. The state has plenty of good land, water, weather and the support of the state’s department of agriculture. Money from the oil industry has also found its way into more profitable fields. With cannabis oil selling wholesale for upwards of $10 per gram, and over 1.1 million grams in a $40 barrel of oil, the favorable economics of cannabis and hemp farming become very clear.
“We’re very pleased that Greg and his team selected us for their new Texas lab,” said Brendan McKernan, Medicinal Genomics CEO. “We know how robust their business is and we look forward to working with them not only in other geographies, but also to supply the genetic tools we both know cultivators need to produce new varieties that have higher yields, require fewer pesticides, and are more adaptable to the changing environment.”