Hollywood, Jan. 31, 2017 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC PINK: ETST) ("ETST" or "the Company"), an innovative biotech company focused on cannabis (industrial hemp), cannabinoid research and development, nutraceuticals and pharmaceuticals signed a joint venture agreement with an established nutritional supplement company, Nutrition Specialties and its division Forzagen, which will secure a foothold for the company in the multi-billion dollar sports supplement industry.
Earth Science Tech will share research, development, and manufacturing spaces with Nutrition Specialties and Forzagen in order to explore various expertise synergies. President & COO, Nickolas Tabraue, will work with Nutrition Specialties and Forzagen to develop new, full-spectrum cannabis-based (Industrial Hemp) sports supplements and instantly enter the sports supplement industry both domestically and internationally.
ETST will provide its formulation, marketing, branding, sales, and supply services to Nutrition Specialties and Forzagen in exchange for connections to international distributors in the supplement industry. Nutrition Specialties and Forzagen have existing international contracts with large brands such as Costco and Sam’s Club. Additionally, all new products developed with Earth Science Tech’s CBD ingredients will include the company’s logo on its packaging, which will help create brand awareness to the large audiences that these big brands service.
The companies are already hard at work on formulating three new CBD-based nutritional sports supplements, and they anticipate being able to update shareholders on these new developments by Q2, with a launch date mid 2017.
“This partnership is enormous for both of our companies. We can provide our cannabis industry expertise, cannabinoid research and development, supply, and formulation services to Nutrition Specialties and Forzagen, and they can provide us with access to cutting edge sports science knowledge, a leading lab team, and a much larger supply chain than we have ever been involved with,” said Mr. Tabraue, “This could be a vast driving force for us that really springboards our company to the next level as a pioneer in the cannabis (CBD Industrial Hemp) sports supplement industry.”
About Nutrition Specialties and Forzagen: (https://forzagen.com) Forzagen is a line developed for the domestic and international market by Nutrition Specialties. It is formulated for the mainstream sports supplement market and is also capable of creating other niche products in order to fulfill not only the mainstream needs of the market but, niche aspects of the international market. We are capable of providing specific products with very specific formulas for different countries and their specific internal needs within the mainstream market. In essence, it is a company geared for the markets that are in need of niche products. We have a very experienced team of scientists that are experienced in formulating products for your specific needs within your market.
About Earth Science Tech: (www.earthsciencetech.com) is a publicly traded (ETST) unique Science based Biotechnology company focused on cutting edge Nutraceuticals, Bioceuticals, and Phytoceuticals for the Health, Wellness and Alternative Medicine Markets to help improve the quality of life for Consumers Worldwide. ETST is also dedicated to providing Natural Alternatives to prescription medications through the use of its cutting edge Nutritional and Dietary Supplements. This may include products such as its High-Grade Hemp CBD (Cannabidiol) Oil, Vitamins, Minerals, Herbs, Botanicals, Personal Care Products, Homeopathies, Functional Foods and other products. These products may be in various formulations and delivery systems including (but not limited to) capsules, tablets, soft gels, chewables, liquids, creams, sprays, powders, and whole herbs. ETST is focused on researching and developing innovative Hemp extracts and to make them accessible Worldwide. ETST plans to be the premier supplier of the highest quality and purity of High Grade Hemp CBD (Cannabidiol) Oil. ETST's primary goal is to advance different High Quality Hemp extracts with a broad profile of Cannabinoids and additional natural molecules found in Industrial Hemp and to identify their distinct properties. The company is dedicated in offering its consumers the finest and purest quality All Natural-Organic Hemp CBD Oil while never compromising on quality. ETST High Grade Hemp CBD (Cannabidiol) Oil is classified as "food based" and therefore perfectly permissible in all 50 states and more than 40 countries. Cannabinoids (Cannabidiol/CBD) are natural constituents of the Hemp plant and CBD is derived from Hemp stalk and seed. Hemp oil is a well-known dietary supplement and the naturally occurring CBD possesses no psychoactive qualities and presents a continuing stream of overwhelming evidence of significant Wellness benefits. With no psychoactive ingredient, Hemp CBD Oil is a ready-for-market Hemp-based Nutraceutical. The United States Food and Drug Administration (FDA) currently considers non-THC hemp based cannabinoids, including CBD, to be "food based" and therefore salable. These new non-psychoactive CBD-rich hemp oil products that ETST has geared up to market and distribute are beyond reproach. CBD (Cannabidiol), a naturally occurring constituent of the Industrial Hemp plant, promotes and supports the nutritional health of aging bodies in particular. Source: US Government Patent #6,630,507 "Cannabinoids as antioxidants and neuroprotectants." ETST does not grow, sell or distribute any substances that violate United States Law or the controlled substance act. ETST does sell and distribute cannabis industrial hemp based products.
About Earth Science Pharmaceutical: Earth Science Pharmaceutical, Inc. is a wholly owned subsidiary of Earth Science Tech, Inc (ETST). Earth Science Pharmaceutical is focused on becoming a world leader in the development of low cost, non-invasive diagnostic tools, medical devices, testing processes and vaccines for STIs (Sexually Transmitted Infections and/or Diseases), as well developing new advanced formulated cannabis CBD nutraceuticals and 2 Cannabis CBD-based pharmaceutical drugs under its cannabis CBD patent, IP and technology. Earth Science Pharmaceutical CEO, Dr. Michel Aubé, a renowned scientist, is committed to help grow ETST in the medical and pharmaceutical industry.
FORWARD LOOKING DISCLAIMER: This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http:www.sec.govedgar.shtml, specifically the most recent reports which identify important risk facts that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
CONTACT: Earth Science Tech, Inc. (305)-615-2118 Nickolas S. Tabraue, P/D/COO Investor Relations (813)-500-7332 Teresa
Earth Science Tech, Inc.
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