Business
Earth Science Tech, Enters Multi-Billion Dollar Sports Supplement Industry via Joint Venture with Nutrition Specialties and Forzagen
Earth Science Tech, Enters Multi-Billion Dollar Sports Supplement Industry via Joint Venture with Nutrition Specialties and Forzagen.
About this update from Earth Science Tech, Inc.
[{"type":"text","content":"\n\nHollywood, Jan. 31, 2017 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC PINK: ETST) (\"ETST\" or \"the Company\"), an innovative biotech company focused on cannabis (industrial hemp), cannabinoid research and development, nutraceuticals and pharmaceuticals signed a joint venture agreement with an established nutritional supplement company, Nutrition Specialties and its division Forzagen, which will secure a foothold for the company in the multi-billion dollar sports supplement industry.\n\nEarth Science Tech will share research, development, and manufacturing spaces with Nutrition Specialties and Forzagen in order to explore various expertise synergies. President & COO, Nickolas Tabraue, will work with Nutrition Specialties and Forzagen to develop new, full-spectrum cannabis-based (Industrial Hemp) sports supplements and instantly enter the sports supplement industry both domestically and internationally.\nETST will provide its formulation, marketing, branding, sales, and supply services to Nutrition Specialties and Forzagen in exchange for connections to international distributors in the supplement industry. Nutrition Specialties and Forzagen have existing international contracts with large brands such as Costco and Sam’s Club. Additionally, all new products developed with Earth Science Tech’s CBD ingredients will include the company’s logo on its packaging, which will help create brand awareness to the large audiences that these big brands service.\nThe companies are already hard at work on formulating three new CBD-based nutritional sports supplements, and they anticipate being able to update shareholders on these new developments by Q2, with a launch date mid 2017.\n“This partnership is enormous for both of our companies. We can provide our cannabis industry expertise, cannabinoid research and development, supply, and formulation services to Nutrition Specialties and Forzagen, and they can provide us with access to cutting edge sports science knowledge, a leading lab team, and a much larger supply chain than we have ever been involved with,” said Mr. Tabraue, “This could be a vast driving force for us that really springboards our company to the next level as a pioneer in the cannabis (CBD Industrial Hemp) sports supplement industry.”\nAbout Nutrition Specialties and Forzag...