The Earth Science Tech, Inc. (ETST) mission to build a strong intellectual property portfolio is on track as a second provisional patent was assigned to ETST for a proprietary composition of their high-grade THC-free Cannabidiol (CBD) hemp oil.
An ETST press release dated Jan. 16, 2015 outlined a partial abstract of issued Patent Serial No. 62102538 named “Cannabidiol Compositions and Uses 2” which details an Earth Science Tech hemp oil CBD composition for use in treating or preventing cancer. Since the patent is provisional, full details including any claims and studies were withheld until the US Patent and Trademark Office files the final Utility Patent.
When it comes to CBD, the potential does raise eyebrows. For those who may not know, CBD is one of 60 known compounds found in cannabis plants. However, unlike THC, CBD does not have any psychoactive properties but has much of the same medicinal qualities. Through the use of breeding techniques, cannabis growers can create plants with high levels of CBD with near zero levels of THC. Since ETST High-Grade CBD Rich Hemp Oil is classified as “food based” it is perfectly legal to sell in all 50 states and 40 countries.
This has opened up a lot of research and development in CBD. One of the leaders in the CBD field would be GW Pharmaceuticals (NASDAQ: GWPH) with many products in the cannabinoid field including Sativex ®, which has been launched in 15 countries and approved in another 12 (it is in the final clinical phases in the USA). GWPH stock has rocketed to gains of over 1000% in the last 2 years from around $8.50 to its current price of $83 per share.
Now enters Earth Science Tech, Inc. with a growing CBD product pipeline. In September 2014 ETST formed an alliance with researchers at the University of Central Oklahoma (UCO) for hemp oil research. Dr. Wei R. Chen, Ph.D., an assistant dean at UCO and professor of biomedical engineering, is spearheading the research. Chen has over 20 years of experience in cancer research.
Dr. Harvey Katz, CEO of Earth Science Tech, Inc. explained the importance of the collaboration with UCO stating,
“… our efforts and positive developments with Dr. Wei Chen along with Dr. Feifan Zhou and the University of Central Oklahoma have resulted in the second (2nd) filing of a patent application with the United States Patent and Trademark Office (USPTO) for Hemp Oil Enriched with CBD (Cannabidiol). The filing of this second (2nd) patent application and assignment to ETST is just the beginning of many other great things to come. As previously stated ETST looks to build a strong intellectual property portfolio and it is doing just that. ETST now has 2 provisional patents and inventions with its CBD Rich Hemp Oil (patent Serial No. 62102538 and patent Serial No. 62061577). We look forward to continuing to grow ETST in order to help consumers Worldwide with their overall Health and Wellness through cutting edge Nutraceuticals and Dietary supplements.”
In late January 2015, ETST announced more promising results with the UCO collaboration including details of its research, studies and test results. In a nutshell, the press release demonstrated that CBD rich hemp oil enhances immune function which can help in the fight of cancer.
Many independent studies, including a 2013 review published in the British Journal of Clinical Pharmacology shows that CBD has medical properties that can aid in the fight of multiple diseases and symptoms. Some of these include cancer, depression, inflammation, seizures, neurodegenerative (brain) disorders and psychosis, among others.
The ETST product line includes its “High Grade CBD Rich Hemp Oil” which is sold on the ETST website and through its wholly owned subsidiary Nutrition Empire, anti-aging product ProgesteBeauty™ and OxyBiotic™, a cutting-edge oxygen based colon cleanser.
Earth Science Tech, Inc. (ETST) has an experienced management team and an equally strong advisory board. ETST has a market cap of $46 million and is currently trading around $1.25 per share. Stay tuned TKO’ers!
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