Earth Science Tech, Inc. Boosts Share Repurchase Program to $10 Million and Extends Authorization Through 2027

Rhea-AI Summary

Earth Science Tech (OTC: ETST) has significantly enhanced its share repurchase program, increasing the total authorization to $10 million and extending it through December 31, 2027. Since the program's inception in January 2024, ETST has already invested $1.83 million to repurchase 20.83 million shares.

The company currently has a remaining authorization of $8.17 million for future share repurchases. The program allows for discretionary repurchases through open market or private transactions, subject to market conditions and other factors, and can be suspended or discontinued at any time.

Positive

• Board approved significant increase in buyback program to $10 million
• Program extended by 2 years through December 2027
• Already deployed $1.83 million to repurchase 20.83 million shares
• Demonstrates management's confidence in company's future growth

Negative

• Program can be suspended or discontinued at any time without notice
• Repurchases are subject to market conditions and share price fluctuations

Miami, Fla., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC: ETST) (“ETST” or the “Company”), a strategic holding company focused on acquiring and scaling high-potential businesses, today announced its Board of Directors has approved a significant enhancement and a two-year extension of its common stock repurchase program. The total authorization has been increased to $10 million, and the program will now run through December 31, 2027.

The decision reflects management's strong confidence in the Company’s long-term growth strategy. Since the program's inception on January 29, 2024, ETST has already deployed over $1.8 million to repurchase 20,834,214 shares of its common stock, demonstrating a consistent commitment to enhancing shareholder value.

"Extending and increasing this program is a direct reflection of our confidence in ETST's future and our unwavering commitment to our shareholders," stated Giorgio R. Saumat, CEO and Chairman of the Board.

Repurchase Program Status & Details:

The key figures for the common stock repurchase program are as follows:

• Total Program Authorization: $10,000,000
• Capital Deployed to Date: $1,830,895.50
• Shares Repurchased to Date: 20,834,214
• Remaining Authorization: $8,169,104.50
• New Program Expiration Date: December 31, 2027
  

Repurchases may be made at the Company’s discretion through open market transactions or privately negotiated transactions, subject to market conditions, share price, and other factors. The program does not obligate the Company to acquire any specific number of shares and may be suspended or discontinued at any time.

About Earth Science Tech, Inc.
Earth Science Tech, Inc. operates as a strategic holding company, focused on value creation through the acquisition, operational optimization, and management of its operating businesses. The Company’s current operations include compounding pharmaceuticals, telemedicine and real estate development through its wholly owned subsidiaries: RxCompoundStore.com, LLC, Peaks Curative, LLC, Avenvi, LLC, Mister Meds, LLC (“Mister Meds”), and Earth Science Foundation, Inc., Las Villas Health Care, Inc., DOConsultations, LLC., and an 80% interest in MagneChef.

To learn more, please visit: www.EarthScienceTech.com

RxCompoundStore.com, LLC.
RxCompoundStore.Com, based in Miami, Florida, is a fully licensed compounding pharmacy authorized to fulfill prescriptions in the following states and territories: Arizona, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Maine, Maryland, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, Utah, Wisconsin and Puerto Rico. RxCompound is actively pursuing licensure in the remaining U.S. states.

To learn more please visit: www.RxCompoundStore.com

MisterMeds, LLC.
Mister Meds, acquired on October 1, 2024, is in Abilene, Texas. The pharmacy received full compounding licensure in March 2025. It operates out of a 5,000 sq. ft. facility owned by Avenvi and includes advanced sterile compounding capabilities with both positive and negative pressure environments, as well as hazardous drug handling. Mister Meds is currently applying for licensure in states not yet serviced by RxCompound.

To learn more please visit: www.mistermeds.com

Peaks Curative, LLC.
Peaks is a telemedicine referral platform offering asynchronous consultations for Peaks-branded compounded medications prepared at RxCompound and Mister Meds. The platform operates in states where either pharmacy is licensed. Through the development of its own healthcare provider network, MyOnlineConsultation.com, and ongoing licensure expansion for both pharmacies, Peaks aims to offer services nationwide. In addition, the company has recently expanded into the veterinary market through the acquisition of Zoolzy.com.

To learn more please visit: www.PeaksCurative.com

Las Villas Health Care, Inc.
Las Villas is a brick-and-mortar healthcare facility dedicated to the Spanish speaking community. Our expert-led services include advanced sexual health treatments, and customized solutions to enhance physical performance. We combine compassionate, personalized care with clear, trustworthy education—empowering you to take control of your health with confidence.

To learn more please visit: https://villashealth.com

Doconsultation.com, LLC.
Doconsultation was born with a passion to modernize the availability and delivery of home therapies. DOConsultations providers tailor a medication plan around your health and wellness goals and follow up with our patients to ensure results, while our partner pharmacies conveniently ship directly to your door.

To learn more please visit: https://doconsultations.com/

Avenvi, LLC.
Avenvi is a diversified real estate company engaged in development, asset management, and financing. With a growing portfolio of real estate holdings, Avenvi provides turnkey solutions from development to end-user financing. It also manages investment activities for ETST and oversees the Company’s ongoing $5 million share repurchase program.

To learn more please visit: www.avenvi.com

MagneChef
MagneChef is a direct-to-consumer retail brand. Utilizing its patents and intellectual properties, the company aims to develop new products that can be marketed and sold online. Currently, the company has developed products for cooking. MagneChef is in the process of expanding its product line for new offerings that incorporate its intellectual property. In addition, the company has recently expanded into the premium American-made BBQ tool brand market through the acquisition of BBQraft.

To learn more please visit: https://magnechef.com/

About Earth Science Foundation, Inc.
Earth Science Foundation Inc. a 501(c)(3) nonprofit organization incorporated on February 11, 2019, is the charitable arm of ETST. ESF accepts grants and donations to assist individuals who need financial support for prescription costs at both RxCompound and Mister Meds.

SAFE HARBOR ACT: Forward-Looking Statements. Except for historical information, the matters discussed herein may be considered “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

Such statements include declarations regarding the intent, belief or current expectations of the Company and its management, including, without limitation, future-oriented statements related to cash flow, gross margins, revenues, and expenses. These statements are based on and reflect our current expectations, estimates, assumptions and/or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts. They may include forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. Forward-looking statements are subject to a number of risks and uncertainties that may cause the Company’s actual results to differ materially from our intent, belief or current expectations, including, inter alia, the markets for the Company’s products and services, costs of goods and services, other expenses, government regulations, litigations, and general business conditions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.

Company Contact:
Giorgio R. Saumat
CEO and Chairman of the Board
(305) 724-5684
IR@earthsciencetech.com

FAQ

How much has Earth Science Tech (ETST) increased its share buyback program to?

Earth Science Tech has increased its share buyback program to $10 million, with approximately $8.17 million remaining in the authorization.

When does ETST's new share repurchase program expire?

The extended share repurchase program will run through December 31, 2027.

How many shares has ETST repurchased since the program's inception?

Since January 2024, ETST has repurchased 20,834,214 shares of its common stock, deploying approximately $1.83 million.

How will ETST conduct its share repurchases?

ETST may conduct repurchases at its discretion through open market transactions or privately negotiated transactions, subject to market conditions and share price.

What is the remaining authorization amount in ETST's buyback program?

ETST has $8,169,104.50 remaining in its share repurchase authorization as of the announcement date.