LAS VEGAS, NV--(Marketwired - May 1, 2014) - Earth Science Tech, Inc. (OTCQB: UNOV) ("EST" or "the Company"), a specialty biotechnology company focused on nutraceuticals and bioceuticals, today announced they've entered the Legal Cannabis, Industrial Hemp, Cannabinoid and Medical Marijuana Industry on several fronts.
EST plans to provide certain cutting edge products, solutions and services to the fast growing cannabis and medical marijuana industry. CEO Dr. Katz and EST are currently members of the International Cannabinoid Research Society (ICRS) http://www.icrs.co, National Cannabis Industry Association (NCIA) http://thecannabisindustry.org and the International Association for Cannabinoid Medicines http://www.cannabis-med.org.
EST is currently working with an established hemp based Biotechnology Company that has developed proprietary cultivation and processing ability allowing for the accessibility & democratization of cannabinoid extracts for the neutraceutical market. EST has begun R&D to formulate a product(s) derived from industrial hemp and cannabis plants that look to be very high in CBD (Cannabidiol) and very low in THC content thus greatly eliminating any psychoactive effects. Furthermore these CBD Hemp Oil based products will be available in all 50 states and are not marijuana therefore they do not require a medical license for purchase. The medicinal properties of our product(s) will look to be used to increase patients' overall wellness and or effectively help with certain conditions such as pain, nausea, loss of appetite and anxiety among numerous other disorders.
EST is currently developing and preparing to launch a large online legal Marijuana community and database as well as a mobile app that allows users to review and discuss cannabis strains and local dispensaries, therefore, providing its visitors with the reviews of the top medical cannabis strains and local dispensaries. This online portal will contain an enormous database consisting of thousands of medical marijuana dispensaries, doctors' offices and delivery services as well as cannabis strains. It will combine local cannabis dispensaries, strains, reviews and social networking functionality to create an exciting online community. Users will be able to search cannabis strains according to medical use, such as stress, insomnia or nausea, and desired effects, like relaxed or creative. Furthermore, users can use their zip code or city and state names to search for dispensaries, which are then displayed on a map of the area. The dispensary profiles will include store locations, hours, photos, reviews and much more. EST believes this community can become an industry leader and premier medical marijuana site on the web, catering to the entire industry from patients to businesses. Part of the Business model will be to generate revenue by selling online display advertising packages to companies in the cannabis and medical marijuana industry.
CEO Dr. Harvey Katz states, "We're a health and wellness company, and we will continue to be a health and wellness company with our new entry into the Legal Cannabis and Medical Marijuana Industry. A growing proportion of the medical community believes that Medical Marijuana and, more specifically cannabinoids, have the potential to help patients who are suffering from a variety of conditions and disorders. We recognize this emerging rapid growth market, and have been able to identify the need for high grade CBD and Hemp based products for use in patient health and wellness using alternative medicine to improve the quality of life for consumers worldwide."
EST plans to update the market with more details in regards to these new exciting developments in the near term.
ABOUT: EST is a unique biotechnology company focused on cutting edge nutraceuticals and bioceuticals. The company provides seamless science-based solutions designed to excel in industries such as health, wellness, nutrition, supplement, cosmetic and alternative medicine to improve the quality of life for consumers worldwide. EST is dedicated in providing all natural alternatives to prescription medications that help improve common disorders and illnesses. EST is focused on delivering nutritional and dietary supplements that help with treating symptoms such as: chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea, aging and overall wellness. This may include products such as vitamins, minerals, herbs, botanicals, personal care products, homeopathics, functional foods, and other products. These products will be in various formulations and delivery forms including capsules, tablets, soft gels, chewables, liquids, creams, sprays, powders, and whole herbs.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE: These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
FORWARD LOOKING DISCLAIMER: This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.