SecProbe.io

CORRESP
 1
 filename1.htm

 April
21, 2025

 VIA
EDGAR

 Securities
and Exchange Commission

 Division
of Corporation Finance

 100
F Street, N.E.

 Washington,
D.C. 20549

 Attention:
 Nicholas
 O'Leary and Jane Park
 Division
 of Corporate Finance
 Office
 of Industrial Applications and Services

 Re:
 Hypha
 Labs, Inc.

 Offering
 Statement on Form 1-A

 Filed
 February 24, 2025

 File
 No. 024-12579

 Ladies
and Gentlemen:

 Hypha
Labs, Inc., a Nevada corporation (the " Company " or " we "), has today submitted to
the Securities and Exchange Commission (the " Commission "), pursuant to the requirements of the Securities Exchange
Act of 1933, as amended (the " Securities Act "), a public amendment (the " Amendment ")
to its offering statement on Form 1-A filed on February 24, 2025 (the " Offering Statement ").

 We
are writing to respond to the comments of the staff of the Commission (the " Staff ") raised in your letter to
the Company dated March 12, 2025. The responses below correspond to the captions and numbers of those comments (which are reproduced
below in bold). For your convenience, a copy of the Amendment is enclosed and has been marked to show changes from the Offering Statement
filed on February 24, 2025. References to page numbers in our responses are to page numbers in the amended Offering Statement or the
Offering Circular that forms a part thereof. Capitalized terms defined in the Offering Statement and used in this letter but not otherwise
defined herein have the meanings assigned to them in the Offering Statement.

 Offering
Statement on Form 1-A filed February 24, 2025

 Cover
Page

 1. Please
 revise your cover page to assign a value to the non-cash consideration for the bonus shares.
 Please also disclose the maximum offering amount for all of the shares you are seeking to
 qualify including the aggregate value of the bonus shares and the value of the shares purchased
 in the offering. Refer to Rule 251(a) of Regulation A, note to paragraph (a) of Rule 251,
 and General Instruction I to Form 1-A for guidance.

 RESPONSE:
 We have revised the cover page to assign a value to the non-cash consideration for the bonus shares and to disclose the maximum offering
amount for all of the shares the Company is seeking to qualify including the aggregate value of the bonus shares and the value of the
shares purchased in the offering in accordance with Rule 251(a) of Regulation A. The requested information can be found in Footnote 1
to the table.

 2. Please
 revise your table on the cover page to include all of the securities offered by the company,
 including the bonus shares and the shares of common stock issuable upon conversion of the
 Series D Preferred Stock and upon exercise of the warrants.

 RESPONSE:
 We have revised the cover page to include all of the securities offered by the Company in the offering, including the bonus shares
and the shares of common stock issuable upon conversion of the Series D Preferred Stock and upon exercise of the warrants. The requested
information can be found in Footnote 1 to the table.

 April 21, 2025

 Page 2

 3. Please
 revise your cover page to disclose that the Series D Preferred Stock generally will have
 no voting rights. In your revised disclosure, please also disclose the voting control of
 your officers and directors after the offering and the impact of this voting control on the
 ability of investors to influence matters subject to a stockholder vote.

 RESPONSE:
 We have revised the cover page to disclose that the Series D Preferred Stock generally will have no voting rights, the voting control
of the Company's officers and directors after the offering, and the impact of this voting control on the ability of investors to
influence matters subject to a stockholder vote. The requested information can be found in Footnote 6 to the table.

 Plan
of Distribution, page 32

 4. We
 note your disclosure on page 33 relating to the equity volume perks, equity loyalty perks,
 and non-equity perks for certain investors, which include the bonus shares and your Hypha
 Micropearl bioreactors for investors who invest $1,500 or more in this offering. Please expand
 your disclosure to provide more detail relating to each perk referenced in this section,
 including but not limited to (i) an estimate of the value of each non-monetary investor perk,
 (ii) how you determined such value, and (iii) whether each perk changes the value of the
 offered securities. Please also revise the Use of Proceeds and Management's Discussion
 and Analysis to address their possible effect, if material, on your use of proceeds and available
 liquidity.

 RESPONSE:
 We have expanded our disclosure on page 33 to provide more details relating to each perk referenced in the Plan of Distribution (except
for equity loyalty perks, which will no longer be offered in this offering). We have also revised the Use of Proceeds and Management's
Discussion and Analysis to address the possible effect of these perks on the Company's use of proceeds and available liquidity,
which the Company does not believe will be material if the offering is fully subscribed.

 Equity
Loyalty Perks, page 33

 5. We
 refer to your disclosure on page 33 that certain investors are eligible to receive additional
 bonus shares of Series D preferred stock equal to 10% of the shares they purchase if they
 are a customer of Magical Brands, Inc. Please revise to clarify the company's relationship
 with Magical Brands, Inc. and clearly explain how an investor is considered a "customer"
 of Magical Brands, Inc.

 RESPONSE:
 Equity loyalty perks will no longer be offered in this offering, and the Offering Statement no longer contains references to either
equity loyalty perks or Magical Brands, Inc.

 *
* *

 The
Company acknowledges that the Company and its management are responsible for the adequacy and accuracy of the disclosure in its submissions
and later filings of the Offering Statement, notwithstanding any review, comments, action or absence of action by the Staff. The Company
also acknowledges that, following qualification of the Offering Statement, Rule 257 of Regulation A requires the Company to file periodic
and current reports, including a Form 1-K which will be due within 120 calendar days after the end of the fiscal year covered by the
report.

 Sincerely,

 /s/
 A. Stone Douglass

 A.
 Stone Douglass

 Chief
 Executive Officer

 cc:
 Alison
 Newman, Esq.

 Sarah
 Hewitt, Esq.