Abstract: A tool tray, its application system, and method of applying concentrate provides a tool holding container and a dab stick configured to apply a concentrate, such as cannabis concentrate, to a heated medium. The tool holding container stores the concentrate. The tool holding container includes a base end for resting on a surface, an annular end having a notch, a sidewall joining the ends, forming a cavity. A dab stick is detachably insertable in the notch to elevate the dab stick above the surface, and prevent the dab stick from rolling off the rim of tool holding container. The dab stick may also access concentrate from the cavity for application to a heated medium.