Biotech company Earth Science Tech Inc. (OTCQB: ETST), focused on the nutraceutical and pharmaceutical fields, is taking strategic steps in anticipation of a projected $16 billion market in the United States by the year 2025 (http://cnw.fm/94F1j).
The company is increasing the size of its sales team and expanding its full-spectrum cannabidiol (CBD) product distribution. ETST continues to offer the highest purity and quality high-grade, full-spectrum CBD oil on the market, which has led to inquiries from other brands. This presents a great deal of opportunity on the horizon for the company, including a Latin American distribution partnership and High Grade Full Spectrum Iq2 CBD shots.
ETST is working with its manufacturing partner to launch a white labeling initiative. This move will allow marketers to rebrand the ETST High Grade Full Spectrum CBD line. ETST has already received a large number of white labeling inquiries, thus allowing the company to capture additional market share.
Product distribution is expected to reach a larger customer base in the U.S. thanks to recent agreements with CannaBiz and Dessert Sun Distribution (http://cnw.fm/a83oE). These companies will provide pharmacies, chiropractors, dispensaries, athletic clubs and clinics throughout the States with access to ETST’s CBD products. However, according to ETST Chief Sales Officer David Burbash, these distribution agreements, while important, only represent a fraction of the opportunities that lay ahead.
In January, ETST announced that it had partnered with Forzagen, a premium dietary supplement provider, to distribute CBD products throughout Mexico and South America (http://cnw.fm/CsLv3). This partnership gives Forzagen exclusivity for Latin American distribution. ETST anticipates additional revenue and increased exposure, as Forzagen’s distribution network includes placement in large retailers such as Sam’s Club and Petco.
ETST is establishing itself as a world leader in the CBD space through four wholly owned subsidiaries:
ETST is fully compliant with the federal farm bill and is able to legally ship products to all 50 states.
For more information, visit the company’s website at www.EarthScienceTech.com
NOTE TO INVESTORS: The latest news and updates relating to ETST are available in the company’s newsroom at http://cnw.fm/ETST
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