Applied Biosciences Corp. (APPB)

[NYOptionsGuy]

Applied BioSciences Acquires Majority Stake in Cannabis Testing Firm


SOURCE: https://mjobserver.com/investments/stocks/applied-biosciences-acquires-majority-stake-in-cannabis-testing-firm/

Los Angeles, CA — January 9, 2018 — /D.M.O. Newswire/ — Applied Biosciences Corp. (OTC:APPB), a diversified cannabinoid therapeutics company focused on the medical, bioceutical and pet health industries, announced that it has acquired a majority stake in Trace Analytics, Inc., a leading testing and analytics company. The team has over 65 years of experience in the testing and analytics space and a full-time staff of nine employees including, two Ph.D. analytical chemists and five other scientists.

A recent report from Coherent Market Insights1 estimates that the global cannabis testing market is projected to grow 13.2% year-over-year through 2026, when it is expected to surpass $1.5 billion USD.

REST OF RELEASE: https://mjobserver.com/investments/stocks/applied-biosciences-acquires-majority-stake-in-cannabis-testing-firm/