- ETST gives Forzagen exclusive distribution rights for its high-grade, full-spectrum cannabinoids in all Latin American countries
- ETST chairman says that partnership will give company additional exposure and revenue as products are sold in new territories
- SeeThruEquity projects that ETST will achieve $7.1 million in revenues by 2020 as it grows distribution of CBD product line
Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, as well as medical devices and hemp cannabinoid (CBD) products, has partnered with premium dietary supplement provider Forzagen to distribute ETST’s line of cannabinoids throughout Mexico and South America (http://cnw.fm/a1U83).
As part of the agreement, Forzagen will be given exclusive rights to distribute ETST’s high-grade, full-spectrum cannabinoids in all Latin American countries. Forzagen’s distribution includes retailers such as Sam’s Club and Petco.
The partnership marketing, to be launched in the future, calls for Forzagen to distribute three ETST products: High Grade Full Spectrum Cannabinoids–Raw (.05 oz.), High Grade Full Spectrum Pet Cannabinoids–Raw (1oz.) and High Grade Full Spectrum Cannabinoids Veggie Caps.
ETST, based in Doral, Florida, says that it will collaborate with Forzagen on the linguistics of product labels and marketing in each Latin territory within the distribution network. “Powered by ETST” will be on the Spanish packaging to ensure that consumers are informed about the highly effective quality of the company’s cannabinoids.
“This partnership is an amazing opportunity for us to tap into fresh territories through Forzagen’s established distribution network,” ETST Chairman Nickolas S. Tabraue stated in a news release. “We expect to gain great exposure and additional revenue through this strategic partnership.”
ETST sees FY2019 as a pivotal expansion year. SeeThruEquity projects that ETST’s diverse activities will enable the company to reach revenues of $7.1 million by 2020 (http://cnw.fm/26zEf).
For more information, visit the company’s website at www.EarthScienceTech.com
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