- Received a capital distribution of approximately $186,000 from its investment in JUUL Labs, Inc. (JUUL)
- The investment remains on the balance sheet under Equity Investments, the company has begun a strategic review of options for the remaining equity stake.
- Altria Group Inc. (NYSE: MO) on December 20, 2018 announced it had invested $12.8bn in vaping company Juul Labs, a 35% stake valuing JUUL at $38 billion.
- APPB also recently acquired a majority stake in Trace Analytics, Inc., a leading testing and analytics company with proven revenues
- Applied BioSciences early stage investment in Hightimes Magazine is valued at approximately $1.75 Million at assumed IPO Pricing of $11.00
- APPB has a market cap of $15m US & 10m S/O
About Applied BioSciences Corp.
Applied BioSciences Corp. (www.appliedbiocorp.com),
is a diversified company focused on multiple areas of the medical,
bioceutical and pet health industry. As a leading company in the CBD and
Pet health space, the company is currently shipping to the majority of
US states as well as to 5 International countries. The company is
focused on select investment, consumer brands, and partnership
opportunities in the recreational, health and wellness, nutraceutical,
and media industries.
About Trace Analytics Inc.
Trace Analytics Inc.
is a leading cannabis science and technology company with significant
footprints in lab testing, research and development and licensing. Trace
Analytics was started by a group of scientists who specialized in
analytical chemistry, genetics and molecular biology. The focus of the
team is to ensure compliance with public safety standards and end user
safety. Trace Analytics is in the process of expanding throughout the
United States, and globally. With the goal of helping the rest of the
world adopt “best practices” in cannabis and hemp testing, the company
also provides expert consulting services to legislators and regulators
in many countries, states and municipalities around the world. For more
information, please visit: http://traceanalytics.com.
Contact
Email: [email protected] or [email protected]
To be added to the Applied BioSciences email distribution list, please email [email protected] with APPB in the subject line.
Official Website:www.appliedbiocorp.com / www.traceanalytics.com
Brands:
www.remedishop.com
www.herbalpet.com
www.canagel.com
Follow us:
Facebook @remedicbd & @HerbalPetMeds
Instagram @remedishop & @herbal_pet
Twitter @remedishop & @herbal_pet
Link to AppliedBioSciences Hub
FULL DISCLOSURE: Applied BioSciences is an advertising client of AGORA Internet Relations Corp.
Tags: #APPB, #Distribution, #HTIM, #JUUL, #Sales, #TraceAnalytics, Cannabis, CBD