M&A
confidence high
sentiment negative
materiality 0.60
Earth Science Tech acquires Peaks Curative and RxCompoundStore; both report losses and going concern doubts
Earth Science Tech, Inc.
- Peaks Curative: revenue $1,134, net loss $11,866 for year ended Sep 30, 2022; going concern noted.
- RxCompoundStore: revenue $116,832, net loss $43,461 for six months ended Mar 31, 2022; negative equity of $25,013.
- Acquisition closed Nov 8, 2022 for 53,700,000 restricted common shares of ETST.
- Both acquired entities have going concern qualifications in their audited financials.