trending Market Intelligence /marketintelligence/en/news-insights/trending/_6HI6YtWgcEhdGNbinOdsg2 content esgSubNav
In This List

Applied BioSciences buys majority stake in cannabis-testing company

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


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.