M&A
confidence high
sentiment positive
materiality 0.50
ETST acquires two healthcare companies for $640,500; repurchases 17.4M shares
Earth Science Tech, Inc.
- Acquired 100% of Las Villas Healthcare and Doconsultations.com for $400,000; $50K upfront, $350K at closing after 90-day due diligence.
- Acquired 80% of Magnefuse and Alicat for $240,500; $210.5K upfront, $30K at closing; option to buy remaining 20% at 2x revenue.
- Repurchased 17,422,680 shares under $5M program since Jan 2024; outstanding shares decreased from 315.2M to 297.4M (-5.53%).
- Repurchase program expires Dec 31, 2025 but may be suspended or discontinued; no obligation to repurchase.