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Digipath Name and Symbol Change Approved, Company Begins Trading as Hypha Labs, Inc. (FUNI)

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Hypha Labs, Inc. (formerly Digipath) has been approved to trade under the new ticker symbol FUNI on the OTC PINK market, effective August 13, 2024. The company has developed an innovative in-home mushroom accelerator that produces high-quality mushroom ingredients in just eight days. CEO Stone Douglass emphasized the alignment of their corporate name and ticker with their pioneering operations in functional mushroom ingredient accelerators for home and commercial use.

Douglass compared Hypha Labs' potential impact on the mushroom ingredient industry to Keurig's influence on coffee production, aiming to revolutionize how people produce consistent ingredients at home. This name change and new product development signify a strategic shift in the company's focus and market positioning.

Hypha Labs, Inc. (precedentemente nota come Digipath) ha ottenuto l'approvazione per operare con il nuovo simbolo azionario FUNI nel mercato OTC PINK, a partire dal 13 agosto 2024. L'azienda ha sviluppato un innovativo acceleratore di funghi per la casa che produce ingredienti fungini di alta qualità in soli otto giorni. Il CEO Stone Douglass ha sottolineato l'allineamento tra il nome dell'azienda e il simbolo azionario con le sue operazioni pionieristiche nell'accelerazione degli ingredienti di funghi funzionali per uso domestico e commerciale.

Douglass ha paragonato il potenziale impatto di Hypha Labs sull'industria degli ingredienti di funghi all'influenza di Keurig sulla produzione di caffè, puntando a rivoluzionare il modo in cui le persone producono ingredienti consistenti a casa. Questo cambio di nome e lo sviluppo di nuovi prodotti segnano un cambiamento strategico nel focus e nel posizionamento di mercato dell'azienda.

Hypha Labs, Inc. (anteriormente conocida como Digipath) ha sido aprobada para operar bajo el nuevo símbolo bursátil FUNI en el mercado OTC PINK, a partir del 13 de agosto de 2024. La compañía ha desarrollado un innovador acelerador de hongos para el hogar que produce ingredientes de hongos de alta calidad en solo ocho días. El CEO Stone Douglass enfatizó la alineación de su nombre corporativo y símbolo bursátil con sus operaciones pioneras en aceleradores de ingredientes de hongos funcionales para uso doméstico y comercial.

Douglass comparó el impacto potencial de Hypha Labs en la industria de ingredientes de hongos con la influencia de Keurig en la producción de café, con el objetivo de revolucionar cómo las personas producen ingredientes consistentes en casa. Este cambio de nombre y el desarrollo de nuevos productos significan un cambio estratégico en el enfoque y posicionamiento de mercado de la compañía.

하이파 랩스 주식회사 (이전의 Digipath)는 2024년 8월 13일부터 OTC 핑크 시장에서 새로운 티커 기호 FUNI로 거래할 수 있도록 승인받았습니다. 이 회사는 단 8일 만에 고품질 버섯 성분을 생산하는 혁신적인 홈 버섯 가속기를 개발했습니다. CEO 스톤 더글라스는 그들의 회사 이름과 티커가 가정용 및 상업용 기능성 버섯 성분 가속기에 대한 선도적인 운영과 일치한다고 강조했습니다.

더글라스는 하이파 랩스가 버섯 성분 산업에 미칠 잠재적 영향을 커피 생산에 대한 Keurig의 영향을 비유하며, 사람들이 집에서 일관된 성분을 생산하는 방식을 혁신하는 것을 목표로 하고 있다고 밝혔습니다. 이 이름 변경과 새로운 제품 개발은 회사의 집중과 시장 포지셔닝의 전략적 변화를 의미합니다.

Hypha Labs, Inc. (précédemment connu sous le nom de Digipath) a été approuvé pour négocier sous le nouveau symbole boursier FUNI sur le marché OTC PINK, à compter du 13 août 2024. L'entreprise a développé un accélérateur de champignons pour la maison innovant qui produit des ingrédients de champignons de haute qualité en seulement huit jours. Le PDG Stone Douglass a souligné l'alignement de leur nom d'entreprise et de leur symbole boursier avec leurs opérations de pointe dans les accélérateurs d'ingrédients de champignons fonctionnels pour un usage domestique et commercial.

Douglass a comparé l'impact potentiel de Hypha Labs sur l'industrie des ingrédients de champignons à l'influence de Keurig sur la production de café, visant à révolutionner la manière dont les gens produisent des ingrédients cohérents à la maison. Ce changement de nom et le développement de nouveaux produits signifient un changement stratégique dans l'orientation et le positionnement de marché de l'entreprise.

Hypha Labs, Inc. (ehemals Digipath) wurde genehmigt, unter dem neuen Börsensymbol FUNI ab dem 13. August 2024 am OTC PINK-Markt zu handeln. Das Unternehmen hat einen innovativen Hauspilzbeschleuniger entwickelt, der hochwertige Pilzbestandteile in nur acht Tagen produziert. CEO Stone Douglass betonte die Übereinstimmung ihres Unternehmensnamens und des Symbols mit ihren bahnbrechenden Aktivitäten im Bereich funktionale Pilzbestandteile für den häuslichen und kommerziellen Gebrauch.

Douglass verglich das potenzielle Einfluss von Hypha Labs auf die Pilzbestandteile-Industrie mit dem Einfluss von Keurig auf die Kaffeeproduktion und strebt an, zu revolutionieren, wie Menschen konsistente Zutaten zu Hause produzieren. Diese Namensänderung und die Entwicklung neuer Produkte bedeuten einen strategischen Wandel im Fokus und in der Marktpositionierung des Unternehmens.

Positive
  • Development of an innovative in-home mushroom accelerator
  • Potential to disrupt the mushroom ingredient industry
  • Alignment of corporate name and ticker with new business focus
Negative
  • None.

LAS VEGAS, NV / ACCESSWIRE / August 13, 2024 / Hypha Labs, Inc. formerly (OTC PINK:DIGP), has been approved to commence trading as Hypha Labs, Inc. (OTC PINK:FUNI) on August 13, 2024. Hypha Labs has developed the first in-home mushroom accelerator to allow for the production of high quality mushroom ingredients in just eight days.

"We are pleased to at last align our corporate name and ticker with our pioneering operations in the development of a suite of functional mushroom ingredient accelerators for home and commercial use," stated Stone Douglass, CEO, Hypha Labs. "We've been working diligently to perfect our accelerator and to prepare to fully exploit the vast opportunity for the in-home production of a wide array of mushroom ingredients."

"As the clever Keurig was to coffee, Hypha Labs aspires to be that change agent for people who want to produce their own consistent ingredients from the comfort and privacy of their home kitchens," added Douglass.

About Hypha Labs, Inc.

The company has developed revolutionary cutting-edge technology focused on new methods of producing the active ingredients found in functional mushrooms such as psilocybin using its patent-pending bioreactor design. The Company has positioned itself to play an important role in the burgeoning Functional Mushroom industry in addition to being a disruptive force in the psilocybin space which is quickly manifesting into a similar pattern that was seen in the Cannabis Industry both from a medical and recreational usage with several states and cities have now decriminalized it use. Visit us at HyphaLabs.com.

SAFE HARBOR FORWARD LOOKING STATEMENTS:

This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected revenue, contracts, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and secure construction contracts and the necessary assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

From time to time, the Company may post new and material information on its website or through its social media profiles at the links below:

LN: https://www.linkedin.com/company/hypha-labs-inc/
FB: https://www.facebook.com/hyphalabs
IG: https://www.instagram.com/hyphalabsinc/

Twitter: https://x.com/Hypha_Labs

For more information about Hypha Labs visit HyphaLabs.com

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SOURCE: Hypha Labs, Inc.



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FAQ

What is Hypha Labs' new stock ticker symbol?

Hypha Labs' new stock ticker symbol is FUNI, trading on the OTC PINK market.

When did Hypha Labs (FUNI) start trading under its new name and symbol?

Hypha Labs (FUNI) began trading under its new name and symbol on August 13, 2024.

What is Hypha Labs' main product innovation?

Hypha Labs has developed the first in-home mushroom accelerator that produces high-quality mushroom ingredients in just eight days.

How does Hypha Labs compare its potential impact to other industries?

Hypha Labs aspires to be a change agent in the mushroom ingredient industry, similar to how Keurig revolutionized home coffee production.

HYPHA LABS, INC.

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