other material
confidence medium
sentiment positive
materiality 0.60
ETST retired ~$1.5M (81%) of liabilities, expanded pharmacy licenses, eliminated convertible notes
Earth Science Tech, Inc.
- Retired ~$1.5M or 81% of liabilities from start of FY2022.
- RxCompound obtained dispensing licenses in 7 additional states; sterile compounding lab began sales May 2023.
- Largest shareholder converted $385K in notes to equity; no convertible notes remain outstanding.
- Created DocProtocol.com, viagramia.com, and mysexgummy.com for telehealth and men's health.
- CEO expects significant revenue growth; believes no further financing needed unless for an acquisition.