Stock on the Move: Earth Science Tech Inc (ETST), Cannabis Science Inc (CBIS), mCig Inc (MCIG)
Earth Science Tech Inc (OTCMKTS:ETST) reported the surge of 15.94% and closed at $1.60, with the total traded volume of 27,130.00 shares. During last trade its minimum price was $1.40 and it gained its highest price of $1.65 and has a total of 40.91 million outstanding shares.
Earth Science Tech, Inc., a biotechnology company, focuses on delivering nutraceuticals, bioceuticals, and dietary supplements in the areas of health, wellness, sports, and alternative medicine worldwide. It focuses on non-prescription nutritional and dietary supplements for the treatment of chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea, aging, and overall wellness. The company also provides consulting services to the athletic facilities industry. Its marketing services include direct marketing, search engine optimization, public relations, email marketing, social media marketing, and development of referral programs. In addition, Earth Science Tech, Inc. retails health and wellness brands, as well as sports nutrition and dietary supplement products; and stocks and sells high grade cannabidiol rich hemp oil and products. The company was formerly known as Ultimate Novelty Sports, Inc. and changed its name to Earth Science Tech, Inc. in April 2014. The company was incorporated in 2010 and is headquartered in Boca Raton, Florida.
Cannabis Science Inc (OTCMKTS:CBIS) showing dropped of -0.86% and closed at $0.0803, after gaining total volume of 14.29M shares. Its earnings per share (EPS) is -$0.01 and its beta value stands at -2.77 points and has total market capitalization of $185.68 million and a total of 2.31 billion outstanding shares.
Cannabis Science Inc (CBIS) on April 5, 2017 announced its subsidiary Cannabis Science Europe GmbH (CBIS EU) has acquired 74.9% of a German Bio Med Corporation “Jinvator Bio Med GmbH” (Jinvator), the creator of an ultra-sensitive rapid HIV/AIDS test based on nano-particle technology for the detection of HIV in the early stage of infection.
CBIS EU and Jinvator have agreed to immediately refine, develop, and bring the nanoGold test to market — a product that expedites early HIV-testing without the risk of diagnostic gaps. Both Companies will mutually share the development of intellectual property and innovative advancements of bringing the technology to consumers now.
HIV/AIDS is one of the most severe epidemics of modern times, affecting 34 million patients globally. The prospect of being cured increases with early detection. Recent studies have shown that newborns, when timely diagnosed, can be cured from HIV/AIDS. Despite current tests being able to detect HIV within three months of infection with a 99% chance, the 1% uncertainty factor still remains. The nanoGold test aims to eliminate that risk by using nanotechnology to safely diagnose HIV within one week of infection. The highly-sensitive nanoGold test has the capability to detect a single virus in blood or saliva with a 10,000-fold dilution. The test is also suitable for diagnosing HIV in newborn babies.
“There is an enormous market for the nanoGold test, ranging from the general public, to diagnostic laboratories, blood banks, and hospitals. As an original and unrivaled testing kit designed for convenience and quick diagnosis, there is opportunity for the product to be well-received globally. In addition, the nanoGold test is produced to be more cost-effective for the consumer, in contrast to other related products on the market. Moreover, it can be performed and evaluated easily without technical aids,” stated Jinvator President, Dr. R. S. Bhardwaj.
mCig Inc (OTCMKTS:MCIG) increased 0.80% closed at $0.240 and traded with total volume of 890,682.00 shares, while the average trading remained 4.91M shares. During last trade its minimum price was $0.23 and it gained the highest price of $0.25. Its market capitalization was $84.29 million.
mCig, Inc. manufactures, markets, and distributes electronic cigarettes, vaporizers, and accessories under the mCig brand name in the United States. It also provides VitaCig Excalibur capsule system. The company offers electronic cigarettes and related products through its online store mcig.org, as well as through the companys wholesale, distributor, and retail programs. It also constructs commercial and modular buildings to assist cannabis growers. The company was formerly known as Lifetech Industries, Inc. and changed its name to mCig, Inc. in August 2013. mCig, Inc. was founded in 2010 and is headquartered in Henderson, Nevada.