Earth Science Tech Buys California Compounding Pharmacy Meduvo LLC
ETST filed a M&A and Partnerships on elevated volume (3.3× avg).
Summary
Earth Science Tech is acquiring Meduvo LLC, a California compounding pharmacy, expanding its national footprint. The deal adds a licensed pharmacy operation to ETST's portfolio, which already includes CBD and wellness products. This follows a strong Q1 FY2027 where net income jumped 57% to $715,697 on $9.0 million revenue. The acquisition could accelerate revenue growth and provide a new distribution channel. Terms were not disclosed, so the financial impact is unclear, but the strategic fit is evident.
At the time of this announcement, ETST was trading at $0.10 on OTC in the Life Sciences sector, with a market capitalization of approximately $28.5M. The 52-week trading range was $0.00 to $0.24. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.