Safe Supply Streaming Portfolio Company Safety Strips Launches Affordable and Reliable Drug Detection Strips
Safe Supply Streaming Co (CSE: SPLY) announces the launch of Safety Strips, a portfolio company introducing high-performing drug detection strips to combat fentanyl, xylazine, and drink spiking. The product will be distributed through Greenlane Holdings, Inc. (NASDAQ: GNLN) starting October 1, 2024. This initiative addresses the opioid epidemic and aligns with new California legislation (AB 1013) mandating bars and clubs to offer drug testing kits.
The launch is expected to create value for Safe Supply shareholders by enhancing market reach through Greenlane's distribution channels and meeting critical public safety needs. The U.S. opioid crisis has seen drug overdose fatalities increase nearly sixfold since 2000, with 71,000 deaths linked to fentanyl in 2021. Drink spiking also poses a significant threat, with over 320,000 reported cases of rape and sexual assault in 2016.
Safe Supply Streaming Co (CSE: SPLY) annuncia il lancio delle Safety Strips, un'azienda del portafoglio che introduce strisce di alta prestazione per la rilevazione di droghe per combattere fentanyl, xylazine e l'aggiunta di sostanze nelle bevande. Il prodotto sarà distribuito tramite Greenlane Holdings, Inc. (NASDAQ: GNLN) a partire dal 1 ottobre 2024. Questa iniziativa affronta l'epidemia di oppioidi e si allinea con la nuova legislazione californiana (AB 1013) che obbliga bar e club a offrire kit per il test delle droghe.
Il lancio dovrebbe creare valore per gli azionisti di Safe Supply ampliando la portata di mercato attraverso i canali di distribuzione di Greenlane e soddisfacendo esigenze critiche di sicurezza pubblica. La crisi degli oppioidi negli Stati Uniti ha visto un aumento quasi sei volte delle morti per overdose dal 2000, con 71.000 decessi collegati al fentanyl nel 2021. L'aggiunta di sostanze nelle bevande rappresenta anche una minaccia significativa, con oltre 320.000 casi di violenza sessuale e stupro riportati nel 2016.
Safe Supply Streaming Co (CSE: SPLY) anuncia el lanzamiento de Safety Strips, una empresa del portafolio que introduce tiras de detección de drogas de alto rendimiento para combatir fentanilo, xilazina y el adulterado de bebidas. El producto se distribuirá a través de Greenlane Holdings, Inc. (NASDAQ: GNLN) a partir del 1 de octubre de 2024. Esta iniciativa aborda la epidemia de opioides y se alinea con la nueva legislación de California (AB 1013) que exige a los bares y clubes ofrecer kits de prueba de drogas.
Se espera que el lanzamiento cree valor para los accionistas de Safe Supply al mejorar el alcance de mercado a través de los canales de distribución de Greenlane y al satisfacer necesidades críticas de seguridad pública. La crisis de los opioides en los EE. UU. ha visto un aumento casi seis veces en las muertes por sobredosis desde el 2000, con 71,000 muertes vinculadas al fentanilo en 2021. El adulterado de bebidas también representa una amenaza significativa, con más de 320,000 casos de violación y agresión sexual reportados en 2016.
Safe Supply Streaming Co (CSE: SPLY)는 Safety Strips의 출시를 발표했습니다. 이는 펜타닐, 질라진, 음료 스파이킹에 맞서기 위해 고성능 약물 탐지 스트립을 도입하는 포트폴리오 회사입니다. 이 제품은 2024년 10월 1일부터 Greenlane Holdings, Inc. (NASDAQ: GNLN)를 통해 배포될 예정입니다. 이 이니셔티브는 오피오이드 전염병을 해결하며 바와 클럽이 약물 테스트 키트를 제공하도록 의무화하는 새로운 캘리포니아 법률(AB 1013)과 일치합니다.
출시로 인해 Safe Supply 주주를 위한 가치가 창출될 것으로 예상됩니다 이는 Greenlane의 배포 채널을 통해 시장 범위를 확대하고 중요한 공공 안전 요구를 충족시킵니다. 미국의 오피오이드 위기는 2000년 이후 약물 과다 복용 사망이 거의 6배 증가했으며, 2021년에는 71,000명이 펜타닐과 관련된 사망으로 기록되었습니다. 음료 스파이킹 또한 심각한 위협으로 떠오르고 있으며, 2016년에는 320,000건 이상의 강간 및 성폭행 사건이 보고되었습니다.
Safe Supply Streaming Co (CSE: SPLY) annonce le lancement de Safety Strips, une entreprise de portefeuille introduisant des bandes de détection de drogue performantes pour lutter contre le fentanyl, le xylazine et le coulage de boissons. Le produit sera distribué par Greenlane Holdings, Inc. (NASDAQ: GNLN) à partir du 1er octobre 2024. Cette initiative répond à l'épidémie d'opioïdes et s'aligne sur la nouvelle législation californienne (AB 1013) qui oblige les bars et clubs à proposer des kits de dépistage des drogues.
Le lancement devrait créer de la valeur pour les actionnaires de Safe Supply en améliorant la portée du marché grâce aux canaux de distribution de Greenlane et en répondant à des besoins critiques en matière de sécurité publique. La crise des opioïdes aux États-Unis a vu le nombre de décès dus à des overdoses augmenter presque de six fois depuis 2000, avec 71 000 décès liés au fentanyl en 2021. Le coulage de boissons représente également une menace importante, avec plus de 320 000 cas de viol et d'agression sexuelle signalés en 2016.
Safe Supply Streaming Co (CSE: SPLY) kündigt die Einführung von Safety Strips an, einem Portfolio-Unternehmen, das leistungsstarke Drogenteststreifen zur Bekämpfung von Fentanyl, Xylazin und Getränkespiking einführt. Das Produkt wird ab dem 1. Oktober 2024 über Greenlane Holdings, Inc. (NASDAQ: GNLN) verteilt. Diese Initiative greift die Opioidkrise auf und steht im Einklang mit der neuen Gesetzgebung in Kalifornien (AB 1013), die Bars und Clubs verpflichtet, Drogentest-Kits anzubieten.
Der Launch wird voraussichtlich Wert für die Aktionäre von Safe Supply schaffen, indem er die Reichweite über die Vertriebswege von Greenlane erweitert und grundlegende Bedürfnisse der öffentlichen Sicherheit erfüllt. Die Opioidkrise in den USA hat seit 2000 einen fast sechsmaligen Anstieg der Todesfälle durch Überdosierung verzeichnet, mit 71.000 Todesfällen allein im Jahr 2021, die mit Fentanyl in Verbindung stehen. Auch das Getränkespiking stellt eine erhebliche Bedrohung dar, mit über 320.000 gemeldeten Fällen von Vergewaltigung und sexueller Übergriff im Jahr 2016.
- Launch of high-performing drug detection strips addressing opioid crisis and drink spiking
- Partnership with Greenlane Holdings (NASDAQ: GNLN) for distribution, potentially increasing market reach
- Alignment with new California legislation (AB 1013), creating immediate market demand
- Potential for significant revenue growth through established retail and wholesale channels
- None.
Insights
The launch of Safety Strips' drug detection products is a strategic move in a rapidly growing market. With the opioid crisis intensifying and drink spiking incidents rising, demand for reliable testing solutions is likely to surge. The
Safety Strips' partnership with Greenlane Holdings (NASDAQ: GNLN) is particularly noteworthy. Greenlane's established distribution network and e-commerce platforms could significantly accelerate market penetration. This collaboration might lead to a first-mover advantage in the nascent drink testing market, potentially capturing a significant market share before competitors enter.
However, investors should consider potential challenges such as regulatory hurdles in different states and the need for continuous product innovation to stay ahead in this evolving market.
The introduction of Safety Strips' products represents a crucial step in harm reduction strategies. With over
The drink spiking test strips also address a critical safety concern. With 11.2% of college students experiencing rape or sexual assault through force or incapacitation, these products could play a vital role in prevention. However, it's important to note that while these tools are valuable, they should be part of a comprehensive approach including education, support services and policy changes.
The success of these products will largely depend on their accuracy, ease of use and widespread adoption. Public health campaigns and partnerships with educational institutions could further enhance their impact.
Safe Supply Streaming Co 's (CSE: SPLY) portfolio company, Safety Strips Inc., is poised for potential revenue growth with this product launch. The timing aligns well with increasing market demand and regulatory support, such as California's AB 1013. The partnership with Greenlane Holdings (NASDAQ: GNLN) provides a strong distribution channel, which could accelerate sales and market penetration.
Investors should note the potential for recurring revenue as these are consumable products. If Safety Strips can establish brand loyalty and maintain product quality, it could lead to steady, long-term cash flows. However, profitability will depend on factors such as production costs, pricing strategy and market acceptance.
While the news is positive, it's important to consider that Safe Supply is still a small-cap company and the success of Safety Strips will be pivotal for its overall performance. Investors should monitor initial sales figures and market reception closely in the coming quarters to gauge the actual financial impact.
Product Launch Addresses Opioid Epidemic and Drink Spiking in Response to New California Legislation
Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Safe Supply Streaming Co Ltd. (CSE: SPLY) is pleased to announce significant progress within its portfolio through Safety Strips Inc. ("Safety Strips"), as they introduce high-performing, reliable test strips designed to combat the rising dangers of fentanyl, xylazine, and drink spiking.
This strategic initiative is expected to create substantial value for Safe Supply shareholders, as the demand for safety and drug testing continues to grow across North America. The product launch will enter the market through the recently announced US Expansion Agreement with Greenlane Holdings, Inc. (NASDAQ: GNLN).
High Performing and Reliable Testing:
Safety Strips' product launch provides consumers with an affordable, easy-to-use solution for detecting fentanyl and xylazine - two substances contributing to the escalating opioid crisis. In response to new California legislation, Safety Strips' Drink Spike Test strips meet the requirements of California Assembly Bill No. 1013, passed in July 2024, which mandates that bars and clubs offer drug testing kits to their patrons. The law is aimed at reducing incidents of drink spiking, a growing safety concern in the hospitality industry.
Safety Strips' detection products will be available for order starting September 25, 2024, across Greenlane's online retail platforms, with shipments commencing on October 1, 2024.
Positive Impact on Safe Supply's share value:
The introduction of Safety Strips' innovative and timely products strengthens Safe Supply's portfolio and highlights the company's focus on addressing urgent public health concerns. As the opioid epidemic worsens and legislation like California's AB 1013 drives demand for safety solutions, Safe Supply is well-positioned to benefit from increased market adoption of Safety Strips' testing products.
This advancement is expected to have a positive impact by:
- Enhancing Market Reach: With Safety Strips entering the market via Greenlane's vast distribution channels - including popular online storefronts such as vapor.com, puffitup.com, and higherstandards.com - the potential for significant revenue growth is clear.
- Meeting a Critical Public Need: Safety Strips offers consumers peace of mind by providing accessible and reliable ways to test substances and beverages, helping prevent accidental overdoses and drug-facilitated assaults.
Leverage of Greenlane's Strong Distribution Network Through Expansion Agreement:
Greenlane Holdings, a trusted leader in cannabis accessories and safety products, will provide full distribution, marketing, and sales support to ensure the success of Safety Strips across its well-established retail and wholesale channels.
Commenting on the partnership, Barbara Sher, CEO of Greenlane Holdings, said, "We are excited to partner with Safety Strips, Inc. as their products align with our mission to offer solutions that prioritize safety. By utilizing our sales, marketing, and distribution expertise, we are confident that Safety Strips will become a vital tool in combating both the opioid crisis and the rising incidents of drink spiking."
The U.S. Opioid Crisis
Over the last two decades, substance abuse and addiction in the United States have escalated into a severe crisis, most notably reflected in the sharp rise in overdose deaths. According to SHADAC, since 2000, the number of drug overdose fatalities has surged nearly sixfold, jumping from 17,500 to over 106,000 in 2021. A significant portion of these deaths - about 80,000 - are linked to opioid misuse, encompassing heroin, prescription painkillers, and, more recently, synthetic opioids like fentanyl. In 2021, fentanyl and similar synthetic opioids were responsible for around 71,000 deaths, often playing a role in overdoses involving methamphetamine, cocaine, and prescription opioids as well.
The Growing Threat of Drink Spiking
According to a January 2023 report by Alcohol.org, drugs like Rohypnol, GHB, and ketamine are frequently used in incidents of drink spiking due to their undetectable nature. Victims often lose memory of the event until many hours later, making it difficult to recall being drugged or assaulted. In 2016, more than 320,000 cases of rape and sexual assault were reported, with many more likely unreported. Data from RAINN highlights that
In response to the increasing cases of drink spiking, California passed Assembly Bill AB 1013 in July 2024. This law requires approximately 2,400 venues with Type 48 licenses (those serving beer, wine, and spirits) to inform patrons about the availability of drug testing kits. These businesses must display signs stating, "Don't get roofied! Drink spiking drug test kits are available here. Ask a staff member for details." Establishments are also required to offer these kits, either for sale or free of charge.
About Safe Supply Streaming Corp.
Safe Supply Streaming Co Ltd. (CSE: SPLY) is at the forefront of transforming the med-tech landscape, committed to leveraging innovative technologies to enhance healthcare and safety. With a strategic focus on growth and development, the company is dedicated to providing advanced solutions and driving substantial value for its stakeholders.
Investor Relations Contact:
Safe Supply Streaming Co Ltd.
Email: info@safesupply.com
Bill Panagiotakopoulos
Chief Executive Officer and Director
bill@safesupply.com
Website: www.safesupply.com
Forward-Looking Information and Statements
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements, including but not limited to, statements regarding the future financial or operating performance of Safe Supply Streaming Co. Ltd. (the "Company"), its business, operations, and strategies, and the Company's future growth and plans. Forward-looking statements are generally identified by words such as "believe", "expect", "anticipate", "intend", "estimate", "plan", "may", "will", "could", "should", "would", "potential", "continue" or similar expressions.
These forward-looking statements are based on the Company's current expectations and assumptions regarding future events, including assumptions regarding general business and economic conditions, the Company's ability to execute its growth strategies, obtain necessary regulatory approvals, and access financing on reasonable terms. The Company cautions that all forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond the Company's ability to control or predict, and which could cause actual events or results to differ materially from those projected in the forward-looking statements.
Such risks and uncertainties include, but are not limited to, changes in market conditions, regulatory changes, the availability of financing, and the Company's ability to implement its business strategies effectively. Readers are cautioned not to place undue reliance on forward-looking statements as actual results may vary significantly.
The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events, or otherwise, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223563
FAQ
When will Safety Strips' products be available for order through Greenlane Holdings (NASDAQ: GNLN)?
What substances can Safety Strips' test strips detect?
How does the launch of Safety Strips align with recent legislation?
What is the potential impact of Safety Strips' launch on Safe Supply Streaming Co (CSE: SPLY)?
