Earth Science Tech, Inc. (OTC:ETST) Price evaluation updated: Significant Growth Expected in Short-Term CQE
New partnerships and product launches to boost sales ETST recently entered into a JV with Varsity Group, LLC to use their patented Kanna-Blend formula to develop CBD based eliquids to be sold under ETST’s subsidiary, KannaBidoid Inc. The company has already finalized four product labels for its e-liquids namely 1) Strawberry Lemonade; 2) Lemon Cream; 3) Grape Berry and 4) Apple Pie. These products will start selling by the end of Aug 2017. ETST has already received preorders and plans to sell ~4,000 units in the first batch. The new products will strengthen ETST’s presence in the fast growing niche recreational vape/smoke space. The recreational vape/smoke market is projected to grow to $4.77 billion by 2025, at a double digit CAGR during 2015-2025. ETST is also planning to launch MSN-2 medical device by 1Q18 and has already appointed a communication agency to brand and market the device. The CBD-based pharmaceutical drug portfolio is beginning to see progress with ETST looking to start pre-clinical study for breast cancer treatment and clinical studies for epileptic and non-epileptic seizures by 4Q17.