MyDx Global Sales Exceeding Expectations
LA JOLLA, Calif., – MyDx, Inc. (OTCQB:MYDX),producer of its patented MyDx™ (My Diagnostic) product line, the first battery operated,handheld, chemical analyzer for consumers, reported its global sales outside the USare greatly exceeding expectations, with its foreign CannaDx unit sales comprising 20% of total sales since its launch.
With only minimal MyDx marketing effort outside the US, the Company has already
received sales for CannaDx from over 20 countries, including nearly 9% from Canada and
over 3% from Spain. Given the early word of mouth and social media traction its
revolutionary multi-use Analyzer is gaining, the outlook for robust global sales is well
ahead of the Company’s initial plan. This supports the Company’s marketing objective of
building a global brand and marketplace for its multi-use MyDx Analyzer, initially with the
CannaDx application as the number of countries worldwide with legalized cannabis sales
continues to grow.
“We didn’t see it coming, not 20%, not over 20 countries, so soon,” said Daniel R.
Yazbeck, MyDx Chairman and CEO. “The first few unit sales in any new foreign country
are the most challenging to achieve. Once the seeds are planted and cannabis consumers
or prosumers (growers and dispensaries) have tried CannaDx, the word of mouth and
social media buzz in a relatively cohesive community such as the legal cannabis industry,
will grow organically.
“While it’s still early, the data paints a picture of a global market with pent-up demand
eager to affordably, accurately and conveniently test cannabis for over 20 of the most
important chemical components, including THC, that helps patients find a strain that works
for them, as well as to gain access to a growing worldwide, cloud-based cannabis
database.
“Accordingly, we are carefully examining the foreign sales data, presented above, and reanalyzing
the size and growth rates of global cannabis markets to advance our plans to
launch new marketing and distribution initiatives in Europe, Latin America, and Asia
Pacific,” Mr. Yazbeck concluded.
About MyDx
MyDx, Inc. (OTCQB:MYDX) is a chemical detection and sensor technology company
based in San Diego, California whose mission is to help people Trust & Verify™ what they
put into their minds and bodies. The Company has developed MyDx, a patented,
affordable portable analyzer that provides real-time chemical analysis and fits in the palm
of consumers’ hands. The multi-use MyDx leverages over a decade of established
electronic nose technology to measure chemicals of interest. It owns a substantial and
growing intellectual property portfolio of patents covering its technology. With its Canna
sensor commercialized, it has four other sensors being developed in its lab that are
compatible with the MyDx Analyzer and App. For more information, please
visit www.cdxlife.com.

