Purpl Scientific and Green Thumb Industries Partner to bring Rapid NIRS Testing to Cannabis Oil Production

Rhea-AI Summary

Purpl Scientific has signed an R&D agreement with Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) to implement near-infrared spectroscopy (NIRS) testing for cannabis extracts. Preliminary results indicate that NIRS can compete with traditional High-Performance Liquid Chromatography (HPLC). Purpl's technology allows rapid, accurate testing at lower costs, enabling employees to perform tests efficiently. Initial product tests will focus on potency and will be presented at MJBizCon in November, with a commercial launch expected in January 2023.

Positive

• Partnership with Green Thumb Industries to advance cannabis testing technology.
• NIRS testing shows potential to compete with HPLC, offering cost-effective and rapid results.
• Initial product release planned for January 2023, which could enhance revenue opportunities.

Negative

• None.

ST. LOUIS, Oct. 4, 2022 /PRNewswire/ -- Purpl Scientific Inc., a division of Nynomic AG (M7U: Xetra), has signed leading Cannabis MSO, Green Thumb Industries Inc. ("Green Thumb") (CSE: GTII) (OTCQX: GTBIF) to an R&D agreement, which aims to bring near-infrared spectroscopy (NIRS) testing for Cannabis Extracts and finished products. Preliminary results show that NIRS can compete with High-Performance Liquid Chromatography (HPLC). Purpl's smartphone paired sensors enable highly accurate testing in seconds, by any employee, with minimal capital expense or consumables.

While HPLC is considered the gold standard in terms of accuracy, and is used in state-mandated testing, it requires significant capital outlays for equipment, expensive consumables, trained technicians, and significant amounts of time per test. Purpl's devices allow rapid testing for all points in between.

According to Dr. Deyaa AbuSalim, Green Thumb's National Director of Analytics and Chemistry Development, "working with Purpl has transformed the way we think about potency testing and opens up possibilities that we hadn't imagined."

Purpl plans to release tests by product type: first potency for distillate, winterized CO₂ oil, trim, and flower with more capabilities to follow. The new capabilities will allow testing of input stock (trim and flower), finished products, and intermediate steps. Supercritical CO₂ and Ethanol tests are already being validated, with White Papers to follow. Testing will not be limited to potency, but also winterization, decarboxylation and other metrics. Product demos will be available at MJBizCon in November, with initial product release to begin January 2023.

About Purpl Scientific:

Purpl Scientific Inc. (Purpl) is an innovation company dedicated to the evolution of the cannabis industry. Our products reduce the mystery and guesswork of cannabis quality and chemical composition throughout the entire lifecycle, from cultivation to consumption. We are an advanced tech organization that prides itself on simplifying complexity. We pack a ton of new generation technologies into our hand-held applications that are exceedingly powerful, amazingly fast, extremely affordable, and controlled with the click of a button. More information is available at www.purplscientific.com.

About Green Thumb Industries:

Green Thumb Industries Inc. ("Green Thumb"), a national cannabis consumer packaged goods company and retailer, promotes well-being through the power of cannabis while giving back to the communities in which it serves. Green Thumb manufactures and distributes a portfolio of branded cannabis products and also owns and operates rapidly growing national retail cannabis stores called RISE. Headquartered in Chicago, Illinois, Green Thumb has 17 manufacturing facilities, 77 open retail locations and operations across 15 U.S. markets. More information is available at www.GTIgrows.com.

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SOURCE Purpl Scientific

FAQ

What is the partnership between Purpl Scientific and Green Thumb Industries?

Purpl Scientific has entered into an R&D agreement with Green Thumb Industries to implement near-infrared spectroscopy (NIRS) testing for cannabis, which is expected to improve testing efficiency.

What technology is being introduced by Purpl Scientific in the cannabis industry?

Purpl Scientific is introducing near-infrared spectroscopy (NIRS) testing to offer a more cost-effective and faster alternative to traditional High-Performance Liquid Chromatography (HPLC).

When will Purpl Scientific's new testing products be available?

Purpl expects to launch their new testing products in January 2023, following demonstrations at MJBizCon in November.

How does NIRS testing compare to HPLC testing for cannabis?

NIRS testing provides competitive results to HPLC while being faster and requiring less capital investment and trained personnel.

What results have been observed with NIRS technology by Purpl Scientific?

Preliminary results indicate that NIRS can effectively measure cannabis potency and other metrics, offering quick and accurate testing.