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Earth Science Tech Inc (OTCMKTS:ETST)’s Subsidiaries Contributing To Its Success

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According to NetworkNewsWire, in the cannabis sector the best path of growth is operating diversified subsidiaries like is the case with Earth Science Tech Inc (OTCMKTS:ETST). At the moment Earth Science operates three subsidiaries which it wholly owns. While the subsidiaries are diverse they are also pursuing products aimed at ensuring optimal health.

One of Earth Science’s subsidiaries is Cannabis Therapeutics which focuses on developing proprietary pharmaceutical and nutraceutical products which are based on cannabinoid using the intellectual property of its parent company including the cannabis cannabidiol patent (Hemp).

Cannabinoids-based treatments

The pipeline of the subsidiary includes two pharmaceutical drugs which are based on cannabinoids as well as three nutraceutical products which are based on cannabinoids as well and which aimed at treating various ailments including fatty liver disease, breast cancer, depression and anxiety.

The success of Cannabis Therapeutics is now positioning Earth Sciences to outperform rivals in the market for pharmaceuticals based on cannabinoids. Per data obtained from research firm Statista, this market will be worth approximately $50 billion in the year 2029. Other reports indicate that the consumer market for Hemps could grow to reach a figure of $2.1 billion in the next two years. There are also other reports suggesting the market could be worth close to $3 billion by the year 2021.

Recreational marijuana

Another subsidiary that is contributing positively to Earth Sciences is KannBidoid which focuses on the smoke shop and recreational vape space. As the name suggests KannBidoid products are formulated using cannabinoids and kanna. The latter is a groundcover plant which is native to southern Africa. These products are sold and distributed as vapes or e-liquids as well as edibles.

Earth Science Pharmaceutical is yet another wholly owned Earth Science subsidiary which focuses on developing vaccines, testing processes, medical devices and noninvasive diagnostic tools that are low cost for venereal infections and diseases.

This comes in the wake of president of Earth Science, Nickolas S. Tabraue, donating shares totaling 50,000 to Earth Science Foundation.

“Through the Foundation, I feel we can truly help those in need continue to find improved health,” said Tabraue.

On Thursday shares of Earth Science Tech Inc fell by 0.80% to close the day at $1.24 per share.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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