Earth Science Tech Inc (OTCMKTS:ETST) shares dipped 2.22% on Friday to $2.20 and were unchanged in after-hours trading. The company has a market cap of $90.01 million at 40.91 million shares outstanding. Share prices have been trading in a 52-week range of $0.26 to $3.95.
In a press release earlier this month, Earth Science Tech Inc announced that it has formulated a new Cannabis CBD-based pre-workout sports supplement with Forzagen. The two companies recently announced a joint venture in which they both will formulate new CBD-based sports products and Earth Science Tech will help develop the market in the United States while Forzagen will develop the market in Mexico and other international accounts. They have been able to develop a full-spectrum CBD-based pre-workout supplement called Black Demon 2.0.
“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 also recently formed a joint venture with Karmavore Superfoods, which is a healthy foods manufacturing company built by world-renowned yoga instructer and entrepreneur Brian Miller. In this agreement, Earth Science Tech would help develop sales channels for Karmavore’s products while Karmavore would source its cannabis CBD-based ingredients from the company.
“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.”
Earth Science Tech Inc is a biotechnology company 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. It sells its products through its retail store located in Coral Gables, Florida, and through the Internet.
The company is 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, which includes 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.