Received a capital distribution of $186,000 from its investment in JUUL Labs, Inc. (JUUL).
Altria Group Inc. (NYSE: MO) invested $12.8bn (35%), valuing JUUL at $38 billion.
JUUL is one of the fastest growing companies in the US, growing revenue to over $1 billion in a few short years.
The global e-cig and vaporizer market is one of the fastest growing consumer markets, expected to reach $49 billion by the end of 2024
APPB recently acquired a majority stake in Trace Analytics, Inc., a leading testing and analytics company.
APPB also has a early stage investment in Hightimes Magazine
APPB: Market Cap of 20$M US with 10m shares outstanding
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.