- 3Q2018
launch is planned for three more flavors in company’s CBD raw dark
chocolate edibles line, prepared in conjunction with partner Karmavore
Superfoods
- Edibles
segment of CBD market is growing in states where marijuana is legal, such
as Colorado, Oregon and Maine, with cannabis chocolate sales soaring
- Extension
of ETST’s raw dark chocolate CBD line will boost total to five flavors
Earth Science Tech, Inc. (OTC: ETST) has revamped its line
of CBD products and will extend its line of raw dark chocolates in conjunction
with joint venture partner Karmavore Superfoods. Research shows that, in
several states where marijuana is legalized, such as Colorado, Oregon and
Maine, both edibles and chocolates are growing.
ETST has extended its unique full spectrum cannabinoid CBD
raw dark chocolate line to five products, with new flavors including Covered
Mangoes, Coconut Peppermint Cups and Caramelized Quinoa Crunch. All were
formulated with ETST’s joint venture partner, Karmavore Superfoods, a health
foods company. Launch is expected in the third quarter of 2018 (http://ibn.fm/3tcqj).
Chocolates are a growing segment of the CBD market.
According to research firm BDS Analytics, gummies are first, and chocolate
pieces are second in growth. Candies accounted for 38 percent of all cannabis
edibles industry sales, with chocolate pieces exhibiting 166 percent expansion
in Colorado and Oregon in the first quarter of 2018 (http://ibn.fm/NY6Vd).
ETST, a biotech company based in Doral, Florida, is focused
on developing medical devices for the pharmaceutical and nutraceutical fields
and marketing its high-grade line of hemp cannabidiol. It also manufactures,
markets and distributes its own cannabinoid products, including capsules and
oils, to the nutraceutical and pharmaceutical markets.
According to Cannabis Business Executive, Colorado cannabis
edibles sales grew by 10 percent in January and February of 2018 versus the
same period of 2017, outpacing the seven percent broader cannabis marketplace
growth in the state (http://ibn.fm/rJnOZ).
During that same period, edibles in Oregon grew by 87 percent.
In Maine, edibles are gaining a larger share of medical
marijuana sales. In 2016, some 7.4 percent of its medical marijuana taxes came
from edibles, as reported by the state’s Department of Administrative and
Financial Services. In the prior year, the Portland Press Herald had the number
as 5.4 percent (http://ibn.fm/3VFsO).
ETST holds several wholly-owned subsidiaries. Cannabis
Therapeutics is an emerging biotechnology company. KannaBidioiD manufactures
and distributes in the recreational sector. Earth Science Foundation is
becoming a non-profit and accepts grants and donations to conduct additional
studies. Earth Science Pharmaceutical develops medical diagnostic tools and
vaccines. Earth Science also has the subsidiary Canno Inno Laboratories Inc., a
strategic Montreal, Canada-based company formed to provide ETST with access to
government grants.
For more information, visit the company’s website at www.EarthScienceTech.com
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