Applied Biosciences Corp. (APPB)

[lesgetrich]

There's a new filing that came out yesterday...

STNY 8-K

Item 1.01 Entry into Material Definitive Agreement

On July 14, 2017, Stony Hill Corp., a Nevada corporation (the “Company”), announced it had entered into a Subscription Agreement (the “Agreement”), with Precision Cultivation Systems, LLC, a Delaware limited liability company (“Precision Cultivation Systems”), and Kris Kaminski.

The equity interest represents less than 5% of the equity securities of Precision Cultivation Systems, and the Company has no agreement, arrangement or understanding with Precision Cultivation Systems or any holder of securities of Precision Cultivation Systems with respect to the operations or management of Precision Cultivation Systems.

Precision Cultivation Systems represented to the Company that it has a grow system that capitalizes on its patent-pending cultivation system that utilizes proprietary irrigation and root zone conditioning.

Not sure what the plan is here. I guess the company is getting into investment banking. Anyone have any thoughts?