Earth Science Tech, Inc. (OTC: ETST) announced on Tuesday that it has engaged Semple, Marchal & Cooper LLP as its new independent Public Company Accounting Oversight Board (PCAOB) auditor. The move comes as the company seeks to strengthen its financial governance framework amid expanding operations across pharmacy compounding, telemedicine, and real estate.
The company's board determined that Semple, Marchal & Cooper's broader resources and multidisciplinary expertise align with Earth Science Tech's growing operational complexity. The appointment is expected to support enhanced auditing efficiencies and oversight as ETST continues scaling its diversified health and wellness portfolio.
Earth Science Tech operates as a strategic holding company focused on value creation through acquisition, operational optimization, and management of its operating businesses. Its current operations include compounding pharmaceuticals, telemedicine, and real estate development through wholly owned subsidiaries such as RxCompoundStore.com, Peaks Curative, Avenvi, Mister Meds, Earth Science Foundation, Las Villas Health Care, and DOConsultations, as well as an 80% interest in MagneChef.
The engagement of a new PCAOB auditor is a significant step for the company as it navigates the complexities of multiple business lines. PCAOB auditors are subject to rigorous standards set by the board, which oversees audits of public companies to protect investors and the public interest. The appointment signals Earth Science Tech's commitment to maintaining high standards of financial reporting and internal controls.
Investors may view the full press release and additional updates on the company's newsroom at https://ibn.fm/ETST.
