Earnings Recap: Weed Inc (BUDZ), Earth Science Tech Inc (ETST), Cannlabs Inc (CANL)

Weed Inc (OTCMKTS:BUDZ) showing dropped of -2.26% and closed at $2.16, after gaining total volume of 47,417.00 shares. Its earnings per share (EPS) is -$0.16 and its beta value stands at -6.19 points and has total market capitalization of $151.63 million and a total of 64.80 million outstanding shares.

WEED, Inc. focuses on purchasing land and building commercial grade cultivation centers for the legal and medical marijuana sector in the United States. The company intends to consult, assist, manage, and lease its cultivation centers to licensed dispensary owners and organic grow operators. The company was formerly known as United Mines, Inc. and changed its name to WEED, Inc. in February 2015. WEED, Inc. was founded in 1999 and is based in Tucson, Arizona.

Earth Science Tech Inc (OTCMKTS:ETST) reported the surge of 10.49% and closed at $1.79, with the total traded volume of 18,538.00 shares. During last trade its minimum price was $1.65 and it gained its highest price of $1.85 and has a total of 40.91 million outstanding shares.

On March 9, 2017 Earth Science Tech, Inc. (ETST), an innovative biotech company focused on cannabis (industrial hemp) and cannabinoid research and development, nutraceuticals, pharmaceuticals, and medical devices, is pleased to announce it has formulated a new Cannabis CBD-based pre-workout sports supplement with Forzagen. Additionally, the company’s joint venture with Karmavore Superfoods is off to a good start, and their chocolates (infused with ETST CBD) are selling well.

The company recently announced a 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) where Earth Science Tech and Forzagen will formulate new CBD-based sports products. Earth Science Tech will help develop the market in the United States while Forzagen will develop the market in Mexico and other international accounts. Earth Science Tech, together with Forzagen, have formulated a full-spectrum CBD-based pre-workout supplement called Black Demon 2.0. The supplement was formulated for serious athletes, and is incredibly potent. Forzagen and Earth Science Tech will be splitting both the costs and revenues of Black Demon 2.0, and it is currently in the label design phase. It is expected to be bottled and start selling within Q2 or Q3 of 2017.

“We have seen great success with our non-CBD products in the past, but we are expecting even greater success with Black Demon 2.0,” said Forzagen owner, Jose Bucay, “We’ve already have competitive athletes testing the supplement, and have nothing but positive feedback in regards to Black Demon 2.0. We think we’ve got a true hit in the making.”

Cannlabs Inc (OTCMKTS:CANL) increased 4.08% closed at $0.255 and traded with total volume of 800.00 shares, while the average trading remained 29,339.00 shares. During last trade its minimum price was $0.25 and it gained the highest price of $0.25. Its market capitalization was $15.05 million.

CannLabs, Inc. provides cannabis testing laboratory services in the United States. Its testing services include potency testing, residual solvent analysis, microbiological testing, pesticide testing, heavy metals testing, nutrient analysis, terpenes analysis, shelf-life/stability studies, gene expression testing, and genotyping/phenotyping testing. The company also offers data/analytics and consulting, as well as education services. CannLabs, Inc. is based in Denver, Colorado.