“MyDx, Inc. (OTCQB:MYDX), producer of its patented MyDx™ (My Diagnostic) product line, the first battery operated, handheld chemical analyzer for consumers, today announced it has signed an agreement with Arrow Electronics to scale its supply chain and contract manufacturing capabilities for its MyDx product line.”

Arrow Electronics (NYSE:ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2015 sales of $23.28 billion.

There is definitely a growing appetite in Fortune 500 companies getting involved in the cannabis industry. This agreement is very encouraging as Arrow Electronics is physically developing a product made specifically for the cannabis industry and they are even extending a line of credit to MyDx. As the industry continues to expand, companies who ignore the cannabis industry will be ignoring billions of dollars on the table.

Phyto in the News

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