Business
Applied BioSciences Enters into $1 Million Equity Financing Agreement with Triton Funds
Applied BioSciences Enters into $1 Million Equity Financing Agreement with Triton Funds.
About this update from Applied Biosciences Corp.
[{"type":"text","content":"\nLOS ANGELES, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Applied BioSciences Corp. (OTCQB: APPB), a diversified cannabinoid therapeutics company focused on the medical, bioceutical and pet health industries, announced that it has entered into a Common Stock Purchase Agreement with Triton Funds, LP, a Delaware limited partnership (“Triton Funds”), in which Triton Funds has agreed to purchase up to $1,000,000 of registered common stock of the Company in connection with a separate Registration Rights Agreement.\n “We are excited to be working with a cutting-edge organization focused on financing emerging growth companies. Our agreement with Triton Funds is highly advantageous to the company in that it provides growth funding to accelerate our rapid growth in the consumer and pet CBD market, while affording Triton Fund a significant long-term upside opportunity through their equity investment. It's beneficial for everyone, especially our shareholders who will benefit by the significant investment Triton Funds is making in our company,” stated Chris Bridges, President. “Applied BioSciences is a company that has a very strong reach in its field. With a management team like Chris Bridges and JJ Southard we are confident they can capitalize on their visions and goals,” said Yash Thukral, Founder at Triton Funds LLC. “We are excited to be working with a company who challenges the limits of its industry.” “At Triton Funds we dive in and invest in companies that make a positive impact in evolving spaces, such as the CBD industry. Applied BioSciences does exactly that by diversifying themselves amongst different CBD and hemp products, ranging from creams and oils to capsulses and vapes. Moreover, with a strong management team and great financials, we expect to grow and evolve with Applied BioSciences,” said Ashkan Mapar. Applied BioSciences products are USDA NOP certified organic, non-GMO, vegan, paleo, gluten-free, sugar-free and THC-free. The products are formulated with organic 99%+ pure cannabidiol along with our proprietary blend of certified organic botanicals, herbals and essential oils to further optimize bioavailability. About Applied BioSciences Corp.Applied BioSciences Corp. (www.appliedbiocorp.com), is a diversified company focused on multiple areas of the medical, bioceutical ...