secwatch.observer — SEC 8-K summary
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Issuer:     Earth Science Tech, Inc. (ETST)
CIK:        0001538495
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001493152-23-021789
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earth Science Tech reports FY 2023: retired 81% of liabilities, eliminated convertible notes
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- Retired ~$1.5M (81%) of liabilities; controlling shareholder converted $385K notes to equity, eliminating all convertible debt.
- Completed mergers with RxCompoundStore and Peaks Curative as wholly owned subsidiaries.
- RxCompound obtained dispensing licenses in 7 new states; sterile compounding lab began operations in May 2023.
- CEO expects significant revenue and free cash flow growth in Q1 ending June 30, 2023; no further financing needed absent acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538495/000149315223021789/0001493152-23-021789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538495/000149315223021789/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021789

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer