Earth Science Tech, Inc. Signs Joint Venture Agreement with Nutrition Specialties and its Division Forzagen
January 31, 2017 at 06:15 pm IST
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Earth Science Tech, Inc. signed a joint venture agreement with 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 second quarter, with a launch date mid 2017.
Earth Science Tech, Inc. is a holding company focused on the health and wellness industry. The Company is engaged in the compounding pharmaceuticals and telemedicine sectors, through its wholly owned subsidiaries, RxCompoundStore.com, LLC. (RxCompound), Peaks Curative, LLC. (Peaks), and Earth Science Foundation, Inc. (ESF). RxCompound is licensed to fulfill prescriptions in the states of Delaware, Florida, Pennsylvania, New York, Arizona, New Jersey, Wisconsin, Minnesota, Rhode Island, Utah, Georgia, Nevada, Massachusetts, Missouri, Iowa, Maryland, Ohio, Colorado, North Carolina, Maine, Indiana, and Illinois. Peaks is a telemedicine referral site focused on overall health and wellness for men and women. Peaksâ orders are exclusively fulfilled by RxCompound. Patients who order Peaks via monthly subscription receive their refills automatically. ESF accepts grants and donations to help those in need of assistance in paying for prescriptions.