Sunlife AG, LLC entered into letter of intent to acquire Earth Science Tech, Inc. in a reverse merger transaction for $40 million.
June 31, 2021
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Sunlife AG, LLC entered into letter of intent to acquire Earth Science Tech, Inc. (OTCPK:ETST) in a reverse merger transaction for $40 million on May 31, 2021. Sunlife shareholders will, after the acquisition, control 98% of the outstanding securities of Earth Science by virtue of an issuance of 2 billion common shares to Sunlife. The transaction is subject to execution of a definitive agreement, court approval, and the elimination of all Earth Science liabilities by the receivership estate. As a condition to closing Earth Science will obtain court approval for the issuance and a reverse split of any ratio as directed by NPC. The transaction must be approved by holders of a majority of the voting rights of Sunlife shareholders prior to the closing.
Earth Science Tech, Inc. is a holding company in the compounding pharmaceuticals and telemedicine sectors, through its wholly owned subsidiaries, RxCompoundStore.com, LLC. (RxCompound), Peaks Curative, LLC. (Peaks), and Earth Science Foundation, Inc. (ESF). RxCompound is a complete compounding pharmacy. RxCompound is licensed to fulfill prescriptions in the states of Florida, New York, New Jersey, Delaware, Pennsylvania, Rhode Island, Nevada, Colorado, and Arizona. Peaks is a telemedicine referral site focused on menâs health. Peaks orders are fulfilled by RxCompound. Patients who order Peaks via monthly subscription receive their refills automatically. Peaks is focused on menâs health, and, more specifically, ED. ESF accepts grants and donations to help those in need of assistance in paying for prescriptions.
EARTH SCIENCE TECH, INC. 
