Yovan Arturo Sanchez, a director at Earth Science Tech, Inc. (OTC:ETST), recently acquired 56,151 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased on January 2, 2025, at a price of $0.12 per share, totaling approximately $6,738. The purchase comes as the $36.32 million market cap company demonstrates strong momentum with remarkable revenue growth of over 1,100% and maintains a GREAT financial health score according to InvestingPro analysis. Following this transaction, Sanchez holds a total of 1,406,151 shares. All purchases were made on the open market. Based on InvestingPro's Fair Value analysis, ETST currently appears undervalued, making this insider purchase particularly noteworthy.
"In other recent news, Earth Science Tech, Inc., a Florida-based biotech firm, has made significant strides with the completion of two strategic acquisitions and the launch of a new brand. The company recently finalized the purchase of Avenvi, LLC, a real estate holding entity, for a total of $1,058,788.30. This acquisition includes undeveloped residential land, a commercial property, and Avenvi's cash holdings.
Additionally, Earth Science Tech acquired Mister Meds, LLC, a Texas-based firm, for $54,200 in cash. Alongside these acquisitions, the company has ventured into the pet and wildlife industry with the introduction of Zoolzy, a brand offering specialized compounded medications for pets and wildlife.
In a move to expand its operational capacity, the company has relocated its principal office to a new address in Miami, FL, adding approximately 1,125 square feet to its existing administrative space. The company also repurchased 11,545,898 shares of its common stock as part of a $5 million repurchase program.
In line with these developments, the company's Board of Directors has approved new compensatory arrangements for its top executives, with the CEO and COO set to receive a percentage of the company's monthly cash receipts, contingent upon the company's net profit growing quarter over quarter. These are the recent developments within the company."
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