Welcome to our dedicated page for Safety Shot news (Ticker: SHOT), a resource for investors and traders seeking the latest updates and insights on Safety Shot stock.
Safety Shot, Inc. (symbol: SHOT) is a prominent player in the wellness and functional beverage sector. Known for its innovative and health-centric products, the company is headquartered in Jupiter, Florida. Safety Shot, Inc. initially made waves as Jupiter Wellness, Inc., specializing in the development of hemp-derived cannabidiol (CBD) products for therapeutic and medical purposes. These products targeted a variety of ailments including cancer, arthritis, anxiety, insomnia, psoriasis, and chronic pain.
The company's product portfolio includes CBD-infused sun care lotions under the Canisun brand, providing various sun protection factors. Additionally, it is developing CBD-infused skincare products under the Caniskin brand and dermatological treatments under the CanidermRx brand.
Transitioning from its CBD roots, Safety Shot, Inc. has now ventured into the functional beverage market. The company is set to launch its groundbreaking product, Safety Shot. This patented beverage is designed to help consumers feel better faster by reducing blood alcohol content and enhancing mental clarity.
In a strategic move to expand its market presence, Safety Shot, Inc. has partnered with Gopuff, a delivery service that promises to bring thousands of products to customers' doorsteps within minutes. This collaboration is aimed at making Safety Shot a household name.
For more details about their products and latest developments, visit their official website at www.drinksafetyshot.com.
Safety Shot, Inc. (Nasdaq: SHOT) reported strong Q2 2024 results, with a 40% increase in sales and a 17.7% decrease in operating expenses compared to Q1. The company's recent clinical trial demonstrated significant efficacy in reducing Blood Alcohol Content (BAC), showing a 30%-50% faster rate of alcohol reduction within 30 minutes of consumption compared to placebo.
Safety Shot announced new product formats, including 4-ounce bottles launching in Q3 and a powdered version in Q4. The company also secured partnerships with Capital Drugs, expanding to 300 pharmacies nationwide, and Mr. Checkout for wider distribution. Additional partnerships include GoPuff and BevMo, enhancing market presence.
Safety Shot, Inc. (Nasdaq: SHOT) has announced significant findings from a recent clinical trial conducted at The Center for Applied Health Sciences. The study evaluated the impact of Safety Shot on Blood Alcohol Content (BAC) and demonstrated remarkable results. Within 30 minutes of consuming Safety Shot, participants showed a 30%-50% faster rate of alcohol reduction compared to the placebo group.
Key findings include:
- Consistent lowering of breath alcohol content
- Significant improvements in BAC, ethanol, acetaldehyde, and aldehyde dehydrogenase levels
- Reduced head discomfort, fatigue, and improved concentration
The study results are being prepared for peer review and publication in a biomedical journal. Safety Shot aims to revolutionize the wellness space with its innovative approach to responsible alcohol consumption.
Safety Shot, Inc. (Nasdaq: SAFS) is set to launch a powdered version of its alcohol-reducing product in early Q4. The new format, available in convenient stick packs, maintains the full efficacy of the original formula. This innovation addresses a growing market for stick packaging solutions, projected to reach $517.61 million by 2031.
The powder stick packs will be sold in packs of 6, with single stick options available at select locations. This format expansion aims to increase brand visibility, broaden the customer base, and offer greater convenience for consumers looking to reduce their blood alcohol content in as little as 30 minutes.
Safety Shot, Inc. (Nasdaq: SHOT) is set to launch a powdered version of its alcohol-reducing nutraceutical in early Q4. The product, available in convenient stick pack format, maintains 100% efficacy of the original formula. This expansion addresses the growing global stick packaging market, projected to reach $517.61 million by 2031.
The powder stick packs will be offered in packs of 6, with some locations providing single stick options. This new format aims to increase brand visibility, expand retail presence, and broaden the customer base. Safety Shot's innovative product is designed to reduce blood alcohol content in as little as 30 minutes, offering a portable solution for consumers on the go.
Safety Shot, Inc. (Nasdaq: SHOT) has announced a strategic partnership with KeHE Distributors, a leading natural and organic food distributor in North America. This collaboration aims to expand Safety Shot's nationwide presence and enhance consumer accessibility. KeHE's network of over 6,800 employee-owners and 19 distribution centers will help deliver Safety Shot's products to thousands of new retail locations across the United States.
Josh Wager, Safety Shot's Chief Revenue Officer, expressed excitement about the partnership, highlighting its potential to bring Safety Shot to a broader audience. This distribution milestone follows recent partnerships with Atlantic Beverage Distributors and Prime CSB, further expanding Safety Shot's market reach to meet increased demand.
Safety Shot (Nasdaq: SHOT) has terminated its partnership with professional boxer Ryan Garcia due to remarks that were deemed discriminatory. The company, which maintains a strict zero-tolerance policy towards any form of hate speech, has officially severed all ties with Garcia. CEO Jarrett Boon emphasized the importance of brand ambassadors aligning with the company's core values, expressing disappointment in Garcia's behavior but wishing him well in his rehabilitation efforts. The termination underscores Safety Shot's commitment to upholding its ethical standards.
Safety Shot President Jordan Schur has made a $1 million private placement investment in the company through his family fund, Core 4 Capital Corp. This follows a prior $5 million investment by Core 4 Capital Corp in April 2024, coinciding with Schur's appointment as President. The recent investment involved the issuance of 943,396 shares at $1.06 per share, the closing price of Safety Shot's common stock, with no discount or attached warrants. The company incurred minimal expenses and paid no commissions, ensuring nearly all proceeds directly benefit Safety Shot. Schur expressed confidence in the company's growth and product innovation, highlighting the investment's potential to fuel further development.
Safety Shot has announced comedian and actor Drew 'Druski' Desbordes as their newest brand ambassador. Druski, known for his comedic sketches and large social media following, will help boost the beverage company's visibility. Safety Shot is a functional drink designed to reduce blood alcohol content, rehydrate, and boost mental clarity and energy using essential B vitamins, antioxidants, and nootropics. The partnership aims to leverage Druski's wide appeal and social media reach to enhance brand awareness and drive consumer interest.
Safety Shot announced the addition of comedian and actor Drew “Druski” Desbordes as a brand ambassador. Druski, popular for his sketch comedy, has over 7.7 million Instagram followers and 6.8 million on TikTok. He has collaborated with various artists and appeared in numerous music videos, movies, and TV shows. Safety Shot aims to leverage Druski's reach and relatable content to boost brand awareness and consumer loyalty. Safety Shot is a unique beverage designed to rapidly rehydrate and reduce blood alcohol content within 30 minutes.
Safety Shot (Nasdaq: SHOT) has entered into a strategic partnership with Atlantic Beverage Distributors to expand its distribution in Massachusetts and Rhode Island. Atlantic Beverage Distributors, established in 1995 and based in Holliston, Massachusetts, specializes in distributing craft beer, wines, spirits, and non-alcoholic beverages. This collaboration will leverage Atlantic's deep market knowledge and extensive network, aiming to increase Safety Shot’s market penetration in the Northeast. The distributor employs around 200 people, with 75 dedicated to sales, positioning Safety Shot for significant growth in the region. This move is part of Safety Shot's broader plan to expand its footprint in the Northeast, following a recent partnership with Prime CSB for distribution in New York and New Jersey.
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