Earth Science Tech Inc. (OTCMKTS:ETST) was up 21%. The company announced the execution of the Phase I Peaks Curative LLC and RxCompoundstore.com LLC acquisition as part of its new strategy and confirmed a dual-phase deal.
Market Reaction
On Thursday, ETST stock surged 26% at $0.0279 with more than 881k shares, compared to its average volume of 622k shares. The stock has moved within a range of $0.0252 – 0.0344 after opening the trade at $0.0252.
Executes Phase I Acquisition of RxCompoundStore.com, LLC. and Peaks Curative, LLC.
RxCompoundstore.com and Peaks Curative became wholly-owned subsidiaries of Earth Science Tech as of November 3, 2021. The deal includes RxCompuoundstore.com’s present operating facility, the owner that acquired RXCS with two partners last year, and a pharmacist technician Eduardo Hernandez. Following the purchase in 2020, the partners have been expanding and rebranding RxCS.
Mario Tabrue, RxCS owner,will become the president of PC and RxCS and a board of directors member. RxCS’s most significant growth is PC, which will debut its website in mid this month, followed by its product range in December 2021. Currently, PC uses the same marketing strategy as Hims Health and Blue Chew, delivering Tadalafil in tablet and gummy formats, with intentions to expand into compounded prescription and over-the-counter medications soon. Investors should watch ETST.
Traders Review
ETST stock is trading above the 20-Day and 50-Day Moving averages of $0.0269 and $0.0262 respectively. However, the stock is trading below the 200-Day moving average of $0.0306. The stock is up 46% over the past quarter.
