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Applied BioSciences Corp.

appliedbiocorp.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Feb 18, 2020. Its latest SEC filing is a 15-12G from May 1, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells hemp-based health products for people and pets, and provides cannabis testing and analytics services to cannabis and hemp businesses.

Who Were Their Customers?

Individual distributors and online channels carry its consumer and pet-health products; testing services are sold to marijuana producers and processors, dispensaries, and CBD and hemp companies.

Customers above 10% of revenue, FY2019
of revenue from two customers (48%, 18%)
FY2018: 36% from three customers

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q3 FY2020, the three months to Dec 31, 2019
Revenue
▼ −59%
vs $413.1K in Q3 FY2019
Net income
▼ −25% (Loss)
vs −$1.9M in Q3 FY2019
  • Mar 19, 2020 Company terminates its chief executive officer

Business pivot The earlier report described a planned online business selling kitchen and bathroom fixtures to home builders and homeowners; the latest describes cannabinoid health products, drug development, and cannabis testing services.

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