Industry

Earnings in Focus: Earth Science Tech Inc (ETST), Grow Condos Inc (GRWC), HempAmericana Inc (HMPQ)

Earth Science Tech Inc (OTCMKTS:ETST) reported the plunge of -5.03% and closed at $1.70, with the total traded volume of 23,019.00 shares. During last trade its minimum price was $1.67 and it gained its highest price of $1.79 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.”

Grow Condos Inc (OTCMKTS:GRWC) showing dropped of -0.99% and closed at $1.00, after gaining total volume of 26,592.00 shares. Its earnings per share (EPS) is -$0.08 and its beta value stands at 1.58 points and has total market capitalization of $29.34 million and a total of 29.92 million outstanding shares.

Grow Condos Inc (GRWC) on March 7, 2017 announced the appointment of seasoned industry leading executive, Charles B. Mathews to the Grow Condos, Inc. (the “Company”) management team.

Recognized as a notable proprietor and highly proficient financial professional with comprehensive experience in the full spectrum of organizational management, Mr. Mathews brings to the table extensive experience in process enhancement, financial and economic analysis and a keen discernment for successful business and organizational development strategies. His hands-on management style in the development and implementation of calculated strategies is expected to significantly enhance the Company’s potential for growth and achievement.

“Having demonstrated a strong track record in organizational development, controlling costs, improving earnings and cash flow, Mr. Mathews fortifies the Management team with wisdom, experience, and a diversified perspective. We are delighted to have Mr. Mathews on board as we prepare for expansion. His acquired insight and industry understanding has by far set him apart as the Company’s finest selection. His highly qualified contribution is expected to empower the team as we streamline, expand, and forge ahead toward sales and profitability,” stated Wayne Zallen, Chief Executive Officer.

Mr. Mathews brings over 30 years of executive financial management experience with both public and private companies. He has operated as a successful proprietor, Charles B. Mathews, CPA, an accounting and business consulting firm in Phoenix, AZ since 2000. Having set his sights on serving the cannabis sector as of late, he has been gaining invaluable insight into the industry. Having served as Chief Financial Officer for mCig, Inc. MCIG:OTCQB and Vitacig, Inc. in addition to his tenure as Executive Vice President and Chief Financial Officer of Quepasa Corporation NYSE:QPSA, a publicly traded leading Hispanic internet portal, qualified him as the Company’s premium candidate. Mr. Mathews, a Certified Public Accountant, earned his B.A. in Business Administration from Alaska Pacific University and an M.B.A. from Arizona State University.

HempAmericana Inc (OTCMKTS:HMPQ) decreased -1.16% closed at $0.00850 and traded with total volume of 506,510.00 shares, while the average trading remained 3.38M shares. During last trade its minimum price was $0.01 and it gained the highest price of $0.01. Its market capitalization was $1.31 million.

HempAmericana, Inc. researches, develops, and sells products made of industrial hemp in the United States. It provides hemp-based concrete, hemp bags, hemp seeds for consumption, hemp clothing, and hemp rolling paper products. HempAmericana, Inc. was founded in 2014 and is based in New York, New York.

 

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