Applied Biosciences Corp. (APPB)

[Big Brother]

Yeah I read about this in the last Q, it's not a huge investment, only about $50K.

NOTE 3 – INVESTMENT

In November 2016, the Company purchased 29,571 shares of Preferred A stock at a price of $1.69086 per share for less than 5% investment in Cannabi-Tech Ltd. (“Cannabi”), a private company incorporated in the State of Israel. Cannabi is a provider of lab-grade medical cannabis quality control testing systems used to test the quality of medical marijuana flowers. As the Company does not have the ability to exercise significant influence over Cannabi, the Company recorded the investment at cost and will recognize dividends, if any, when received, and will recognize gains or loss upon either selling the securities or recognize a loss prior to selling the securities if there is evidence that the fair market value of the investment has declined to below the recorded historical cost.