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Applied BioSciences buys majority stake in cannabis-testing company

Applied Biosciences Corp. said Jan. 9 that it acquired a majority stake in Spokane, Wash.-based cannabis-testing company Trace Analytics Inc.

Applied BioSciences President Chris Bridges said the deal will pave the way for faster testing of the company's products.

Both companies are expanding their testing products to include advanced pesticide testing and heavy metals testing, Trace Analytics COO Jason Zitzer said.

Beverly Hills, Calif.-based Applied Biosciences focuses on the medical, cannabis and pet health sectors.