DigiPath, Inc. Appoints A. Stone Douglass as Chief Financial Officer
August 18, 2021 at 05:26 pm EDT
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On August 16, 2021, A. Stone Douglass, 74, who has served as a member of the Board of Directors of Digipath, Inc. since July 1, 2021, was appointed to serve as the company’s Chief Financial Officer. Prior to his appointment as a director, Mr. Douglass had been serving as a consultant to the company. In addition, Mr. Douglass has been: the Chief Executive Officer of GeoSolar Technologies, Inc. since December 2020; the Chief Financial Officer of David Kind, Inc., since June 2013; the Chairman and Chief Executive Officer of Sealand Natural Resources, Inc., since March 2016; the Chief Financial Officer of P5 Systems, Inc., a San Diego based technology platform known as the Craig’s List of cannabis, servicing the legal cannabis value chain, since March 2018; the Chief Executive Officer and director of Empire Global Gaming, Inc., a publicly traded Long Island, NY based owner of gambling games and gaming applications, since December 2018; and the principal owner of Ducks Nest Investments Inc, a private investment company, since September 1990. Between September 2014 and May 2017 Mr. Douglass was the manager of HL Brands, LLC and watches and bags under the Flud brand, and between September 2014 and May 2017, Mr. Douglass was the Chairman of Artec Global Media, Inc.
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.