- SeeThruEquity, LLC, in coverage update, projects that ETST will reach $7.1 million in sales in FY2020 as it grows its product line and expands into full spectrum cannabinoid beverages
- ETST’s ‘As Seen On TV’ campaign, with television celebrity Kevin Harrington as spokesperson, is expected to help drive company sales in the CBD market to $2.2 million by FY2019
- Leading factors in forecast growth include company’s targeting of a fast-growing sub-segment of the market in hemp-derived CBD, as well as the expanded retail distribution of its product line, according SeeThruEquity research
Earth Science Tech, Inc. (OTCQB: ETST) is seen by research firm SeeThruEquity as having diverse capabilities that will generate its growth in the rapidly expanding CBD market, which is projected by Hemp Business Journal to reach $2.1 billion by 2020 from $202 million in 2017, with $450 million of that increase coming from hemp-based sources, according to Forbes (http://nnw.fm/i8Fi3).
SeeThruEquity sees ETST’s participation in this booming industry, focusing on the hemp-derived segment, as key to it reaching volume of $7.1 million in sales by FY2020. The research report described its diversity, including its…
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