Earth Science Tech, Inc. (ETST) Announces 2022 Achievements
Earth Science Tech, Inc. (OTC: ETST) announced key achievements for 2022, emphasizing its growth in compounding pharmaceuticals and telemedicine. The company retired approximately $1.12 million in debt, representing 47% of its liabilities. ETST finalized mergers with RxCompound and Peaks, expanding its operations significantly. Funding secured in October 2022 is aimed at achieving cash flow positive status. RxCompound's hazardous compounding room began operations in December, and the company expanded its dispensing network from 2 to 6 states. Upgrades to Peaks’ telemedicine services were also reported.
- Retired approximately $1,118,334 in debt, reducing liabilities by 47%.
- Completed mergers with RxCompound and Peaks, enhancing operational capabilities.
- Secured funding for operations until achieving cash flow positive status.
- RxCompound commenced operations of its hazardous compounding room, improving sales.
- Expanded dispensing network from 2 to 6 states, increasing market reach.
- Peaks upgraded its telemedicine website, enhancing service offerings.
- None.
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Miami, FL, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC: ETST) (“ETST” or “Company”), a holding entity currently in compounding pharmaceuticals and telemedicine, today announced its 2022 achievements.
ETST currently holds three wholly owned subsidiaries: Earth Science Foundation, Inc. (“ESF”), Peaks Curative, LLC. (“Peaks”), and RxCompoundStore.com, LLC. (“RxCompound”). ESF is structured to accept grants and donations for those in need. Peaks is telemedicine referral site facilitating asynchronous consultations for branded compound medications prepared by RxCompound. RxCompound is an innovative compounding pharmacy.
2022 Highlights:
- ETST retired approximately
$1,118,334 of its debt,47% of the Company’s liabilities subsequently from the period ending September 30, 2022, reported 10-Q and will be reflected in the third quarter fiscal 2023 ended period ending December 31, 2022’s 10-Q.
- ETST consummated mergers with its 2 candidates, RxCompound and Peaks, from its November 7, 2021, executed agreement, subsequently amended on November 8, 2022. Both RxCompound and Peaks have approximately 75 days from the date of consummation to complete their respective PCAOB audits to transition their books and operations into the Company.
- ETST secured funding within the month of October 2022 for operations up to the date the Company achieves cash flow positive status.
- RxCompound’s hazardous compounding room commenced operations within the month of December 2022 improving sales by increasing product offerings.
- ETST received Peaks’ audited financials on December 29, 2022, pursuant to the consummation dated November 8, 2022.
- RxCompound expanded its dispensing network from 2 states, Florida, and New York, to 6, by obtaining licenses in the states of Colorado, New Jersey, Rhode Island, and Arizona.
- Peaks has commenced testing of its website’s upgrades after successfully launching the first version in June 2022. The updated site will offer generic versions of both Cialis and Viagra along with other compounded varieties of Tadalafil and Sildenafil, including its popular Tadalafil gummies.
- RxCompound revamped its website within the month of December 2022.
About Earth Science Tech, Inc. (ETST)
Earth Science Tech, Inc. (“ETST”) a holding entity currently in compounding pharmaceuticals and telemedicine through its wholly owned subsidiaries RxCompoundStore.com, LLC and Peaks Curative, LLC.
To learn more, please visit: www.EarthScienceTech.com
About RxCompoundStore.com, LLC.
RxCompoundStore.com, LLC. (“RxCompound”), is an innovative Miami-based compounding pharmacy that was founded by physicians practicing wellness medicine and longevity.
To learn more please visit: www.RxCompoundStore.com
About Peaks Curative, LLC.
Peaks Curative, LLC. (“Peaks”), is the telemedicine referral site facilitating asynchronous consultations for branded compound medications prepared at RxCompound.
To learn more please visit: www.PeaksCurative.com
SAFE HARBOR ACT: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the CSE, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
Nickolas S. Tabraue
CEO & Director
(786) 375-7281
nick@earthsciencetech.com
FAQ
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