Earth Science Tech, Inc. (ETST) completes the Phase I acquisition of RxCompoundStore.com, LLC. and … | New
DORAL, FL, November 04, 2021 (GLOBE NEWSWIRE) – Earth Science Tech, Inc. (OTC: ETST) (“ETST” or the “Company”), an innovative biotechnology company specializing in the nutraceutical and pharmaceutical, and medical fields devices, today announces the execution of phase I of the acquisition of RxCompoundstore.com, LLC. (“RxCS”) and Peaks Curative, LLC. (“PC”) in the context of the new direction of the company and two-phase transaction announced.
As of November 3, 2021, RxCS and PC have become wholly owned subsidiaries under ETST. The transaction includes the current operating facility of RxCS, pharmacist Dr Eduardo Hernandez, a pharmacist technician, and its owner who purchased RxCS with its two partners during the year 2020. Since the purchase, the partners have renamed and extended RxCS. Owner Mario Tabraue will be president of RxCS and PC, and a member of the company’s board of directors. RxCS ‘brand expansion is PC, which is slated to launch its website in mid-November and its product line during December 2021. PC follows the same marketing structure as the Hims Health and Blue Chew hits, offering Tadalafil in gum and tablet form with plans to offer additional compound prescription products as well as over-the-counter products soon.
Now acquired, the company is currently communicating with key individuals to assist with the expansion of RxCS books / accounts and the transition to a larger site to build a sterile cleanroom for compound injectables. This expansion will dramatically increase compound formulas resulting in increased revenue. The company is also in talks with celebrities and major influencers to endorse and help with the exposure of the PC brand to maximize subscription orders once launched.
The phase II acquisition of JCR, owned by Mario Tabraue’s former partners in RxCS, is expected to be executed in the year 2022 once the company has fully positioned and expanded the phase I acquisitions. At that time, its owners will join the board of directors and the founder as COO of ETST. Upon completion of both phases, the Company will effect a name and stock symbol change to reflect the change in business focus and more accurately represent the collective activities of the combined companies.
About Earth Science Tech, Inc. (ETST) Earth Science Tech, Inc. (“ETST”) has changed its immediate focus to research and develop innovative hemp extracts and make them accessible worldwide; with the intention of being a supplier of high quality hemp oil enriched with high quality CBD. Its main goal was to advance various high quality hemp extracts with a broad profile of cannabinoids and additional natural molecules found in industrial hemp and to identify their distinct properties. Initially, our missions were to educate the public on the many and varied nutritional and health benefits of CBD-rich hemp oil, to optimize formulation purity and to find new product delivery systems. With the decline in sales of CBD due to the number of factors described in the Licensee’s periodic report filed with the SEC on Form 10-K for the period ending March 31, 2021, we have determined that the most effective way is to increase shareholder value would be the acquisition of a complementary business that would bring in sufficient income to support its own operations, but which would allow the business to grow and the Company to rebuild its CBD business.
To learn more, please visit: www.EarthScienceTech.com
On RxCompoundStore.com, LLC. RxCompoundStore.com, LLC, is a compounding pharmacy that has historically focused on men’s health, specifically medical products for erectile dysfunction such as Tadalfil and Sildenafil Citrate (the generic names of Cialis and Viagra, respectively) and longevity. RxCS is not currently a “sterile compounding pharmacy”, but is in the process of obtaining the necessary licenses to supply sterile products for injection.
To learn more, please visit: www.RxCompoundStore.com
About Peaks Curative, LLC.
Peaks Curative, LLC., Is the leading telemedicine site to facilitate asynchronous consultations for brand name compound drugs prepared at RxCS. PC is currently in the final stages of completing its website and marketing campaign which will launch in November / December 2021.
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Company details : www.EarthScienceTech.com Nickolas S. Tabraue CEO, President and Director 786.375.7281
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