other material
confidence high
sentiment neutral
materiality 0.50
Earth Science Tech issues directive to update SIC code to 2834, reaffirming pharmaceutical classification
Earth Science Tech, Inc.
- Company directed Bloomberg, Morningstar, S&P to replace legacy CBD tags with SIC 2834 (Pharmaceutical Preparations).
- FINRA 15c-211 clearance cited as final regulatory step; pharmaceutical classification effective since 2022.
- Operations include compounding pharmacies RxCompoundStore and Mister Meds, telemedicine platforms Peaks Curative and DOConsultations.
- Ongoing $10M share repurchase program managed by real estate subsidiary Avenvi.
- No financial results or guidance provided in the press release.