Earth Science Tech Inc (OTCMKTS:ETST) shares were down 2.22% on Friday to $2.20 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.26 to $3.95. The company has a market cap of $90.01 million at 40.91 million shares outstanding.
Earth Science Tech Inc is a biotechnology company that is focused on nutraceuticals and bioceuticals for use in various industries, such as health, wellness, nutritional supplements, cosmetic and alternative medicine to manage illnesses and the quality of life for consumers around the world. The company sells its products through its retail store located in Coral Gables, Florida, and through the Internet.
The company is also focused on delivering nutritional and dietary supplements that help with treating symptoms, such as chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea and aging. This may include products, such as vitamins, minerals, herbs, botanicals, personal care products, homeopathies, functional foods and other products. These products will be in various formulations and delivery forms, including capsules, tablets, soft gels, chewables, liquids, creams, sprays, powders and whole herbs.
Earlier this month, Earth Science Tech Inc announced that it has formulated a new Cannabis CBD-based pre-workout sports supplement with Forzagen. This followed a a joint venture with Nutrition Specialties and Forzagen, in which the latter will will develop the market in Mexico and other international accounts while Earth Science Tech will help develop the market in the United States. The companies have formulated a full-spectrum CBD-based pre-workout supplement called Black Demon 2.0, which is targeted for serious athletes, and will be splitting both the costs and revenues of this product.
We have seen great success with our non-CBD products in the past, but we are expecting even greater success with Black Demon 2.0,” said Forzagen owner, Jose Bucay, “We’ve already have competitive athletes testing the supplement, and have nothing but positive feedback in regards to Black Demon 2.0. We think we’ve got a true hit in the making.”
Aside from that, Earth Science Tech Inc formed a joint venture with Karmavore Superfoods, which is a healthy foods manufacturing company built by world-renowned yoga instructer and entrepreneur Brian Miller. Under this agreement, the company Karmavore will exclusively use Earth Science Tech’s High Grade CBD for their CBD Raw Chocolate product line then direct their customers to the Earth Science Tech’s website via links for their raw CBD oil, powder, and veggie cap needs.
We’ve never seen our products move so quickly,” said Brian Miller, owner of Karmavore, “It’s amazing how our specially formulated raw chocolate works with ETST’s CBD oil. We’ve truly created a whole new chocolate experience — and the feedback we’ve been getting from our customers confirms not just how great the products taste, but more importantly how the CBD chocolate makes them feel. It’s a great sign that after only a few weeks of signing this joint venture we’re already seeing incredible growth. We are looking forward to a long and fruitful relationship with Earth Science Tech.”
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