Stock in Queue: Earth Science Tech Inc (ETST), AGRITEK HLDGS INC COM USD0.0001 (AGTK), Cannasys Inc (MJTK)
Earth Science Tech Inc (OTCMKTS:ETST) reported the surge of 21.00% and closed at $1.21, with the total traded volume of 47,354.00 shares. During last trade its minimum price was $1.00 and it gained its highest price of $1.24 and has a total of 40.91 million outstanding shares.
On March 27, 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, and its two subsidiaries – Earth Science Pharmaceutical Inc. and Cannabis Therapeutics inc. – are proud to announce the projected timeline for the delivery of its MSN-2 medical device; the negotiation of a strategic partnership with Connexions Commerciales Internationales ct, Inc.; and the beginning of negotiations with partners in Africa and Japan.
The MSN-2 medicaldevicewasannounced in November 2016, (https://globenewswire.com/news-release/2016/11/21/891699/0/en/ETST-Announces-60-Patient-Clinical-Prelaunch-Study-for-its-MSN-2-Medical-Device-for-the-Diagnosis-of-Chlamydia-Gonorrhea-ETST-Elects-Dr-Michel-Aubé-as-New-CEO-CSO-and-Nickolas-Tabr.html). The above mentioned medical device can be used by women to extract a cell sample from herself, which then is shipped to a proprietary lab for analysis of sexually transmitted infections. Our device is proven to sample for chlamydia and is currently undergoing testing to certify the device for gonorrhea sampling.
ETST will inaugurate the manufacturing facility for the MSN-2 medical device within Q2 2017, and the initial product release for detecting Chlamydia only may begin as soon as Q3 2017. The MSN-2 will be marketed only overseas during the beginning. The FDA and Health Canada approvals required to market a Class II medical device in Canada and the USA require the factory to be ISO-13485 accredited, which will take more time, estimating within 12 to 18 months.
AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK) showing jumped of 4.49% and closed at $0.0198, after gaining total volume of 2.46M shares. It beta value stands at -11.70 points and has total market capitalization of $8.65 million and a total of 455.04 million outstanding shares.
AGRITEK HLDGS INC COM USD0.0001 (GTK) on March 24, 2017 announced that it now trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. To qualify for the listing, companies must be current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com/stock/AGTK/quote.
- Michael Friedman, Chief Executive Officer of Agritek Holdings, Inc. stated, “Our Company has always been committed to the highest level of financial and corporate disclosure that is required for this listing category, and this promise I made to uplist Agritek Holdings demonstrates our continued commitment to our shareholders. We believe that trading on the OTCQB and being DTC eligible will raise the visibility of the Company, enhance trading liquidity, and broaden our shareholder base as we move forward with market acceptance and penetration of our products and services and related verticals in legal jurisdictions within the cannabis sector.”
“This upgraded listing opens the door to institutional investors and market makers who were not previously able to buy and sell shares of our Company. Now they may execute on unsolicited orders and also make recommendations to clients as they so choose. Meeting the increased compliance and information requirements of OTCQB provides our investors greater confidence in the information disclosed by the Company and ensures our commitment to accountability and transparency,” further added Friedman.
In 2014, OTC Markets Group introduced standards and eligibility requirements for OTCQB with the goal of making it a better venture marketplace. To be eligible, companies must be current in their reporting to a U.S. or foreign regulator, pass a minimum bid price test of one penny ($0.01) and undergo an annual verification and management certification process providing additional information about the company’s insiders, advisors and share count. Companies that are approved to trade on OTCQB receive access to additional premium services to help them build visibility and improve transparency for investors.
Cannasys Inc (OTCMKTS:MJTK) decreased -4.76% closed at $0.00600 and traded with total volume of 7.54M shares, while the average trading remained 20.13M shares. During last trade its minimum price was $0.01 and it gained the highest price of $0.01. Its market capitalization was $4.97 million.
CannaSys, Inc. provides technology services for the cannabis industry. The company offers BumpUp Rewards, a membership rewards loyalty program designed for social media ties and an electronic solution for providing gifts, points, and discounts to friends and family; and CannaLIMS, a laboratory management information system product focuses on the cannabis marketplace. It has strategic relationship with MHB, Inc., which provides a lifestyle branding agency services. The company’s products serve medical and recreational growers, dispensers, and customers. CannaSys, Inc. was founded in 2013 and is headquartered in Denver, Colorado.