Earth Science Tech Inc. (ETST)

[PotterBanker]

Earth Science Tech, Inc. (ETST) Enter into Talks with an Organic CBD Grower & Processor for an Exclusive Business/Supply Opportunity

https://globenewswire.com/news-release/2018/10/11/1619872/0/en/Earth-Science-Tech-Inc-ETST-Enter-into-Talks-with-an-Organic-CBD-Grower-Processor-for-an-Exclusive-Business-Supply-Opportunity.html

October 11, 2018 08:00 ET | Source: Earth Science Tech, Inc.

DORAL, Florida, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTCQB: ETST) (“ETST" or the “Company"), an innovative biotech company focused on the cannabidiol (CBD), nutraceutical and pharmaceutical fields, medical devices, and research and development, today announces that it has entered talks for a potential exclusive business/supply agreement with an organic CBD grower and processor.

ETST is interested in utilizing the grower and processor’s outdoor organic industrial hemp plants, extraction, mixing, bottling and packaging capabilities on an exclusive basis. ETST believes an exclusive development, licensing, and supply agreement with the grower and processor would enable a consistent, marketable industrial hemp source, potentially increasing revenues for both ETST and grower.

ETST president, director, and Chairman Nickolas S. Tabraue stated, “This is a huge opportunity for Earth Science Tech and one that has the potential to dramatically change our dynamics. If completed, this exclusive agreement would enable us to fulfill our many industrial hemp raw bulk inquires, further expand our revenues, and lower our cost of finished goods, all while offering optimal full Spectrum Cannabinoids quality as well as unique cannabinoid products through the grower and processor’s innovative technologies. I plan on sharing more updates as we progress to a final agreement.”