Welcome to our dedicated page for Safe Supply Streaming news (Ticker: SSPLF), a resource for investors and traders seeking the latest updates and insights on Safe Supply Streaming stock.
Safe Supply Streaming Co Ltd. (SSPLF) is a leading public company dedicated to enhancing public health outcomes through strategic investments in harm reduction and medical technology. The company focuses on innovative solutions and partnerships, aiming to address critical health crises and offer life-saving interventions. Safe Supply is actively engaged in discussions with various clinics in British Columbia and Ontario to position itself as the preferred supplier in anticipation of expanding prescribing powers for naturopathic doctors. Additionally, Safe Supply recently acquired a 7% interest in Safety Strips Tech Corp., a harm reduction company focused on developing innovative technologies to combat the opioid crisis. With a commitment to innovation and safety, Safe Supply is at the forefront of the emerging medical testing market.
Safe Supply Streaming Co. (SSPLF) has announced two strategic developments with Safety Strips Tech Corp: a non-binding LOI to acquire the remaining interest for 100% ownership through an all-share transaction, and the issuance of a $50,000 promissory note at 5% interest for working capital. Safety Strips is a medical testing company specializing in harm reduction products, including test strips for detecting illicit substances. The acquisition complements Safe Supply's recent Drug Lab acquisition and provides near-term revenue opportunities through existing distribution agreements. Safe Supply currently holds 3,500,000 shares of Safety Strips, with the final consideration to be determined after due diligence.
Safe Supply Streaming Co (CSE: SPLY) provides a corporate update on its recent progress and strategic initiatives. The company's Safety Strips product line and proposed acquisition of DrugLabs118 have garnered significant investor interest, with over 12 million shares traded in September. Safe Supply Streaming addresses two critical public health issues: drink spiking and fentanyl-related overdoses.
The company's core innovation, Safety Strips, offers an easy-to-use detection method for harmful substances in beverages. The strategic acquisition of DrugLabs118 strengthens its position in the drug testing market. Safe Supply Streaming is actively commercializing its products through a partnership with Greenlane Holdings Inc. (NASDAQ: GNLN) and exploring potential collaborations with med-tech companies.
The company reports a substantial increase in trading volume, with approximately 24.6 million shares traded over the past two months, reflecting growing investor confidence. Safe Supply Streaming positions itself as a high-growth opportunity for institutional investors in the med-tech space.
Safe Supply Streaming Co (CSE: SPLY) reports increased investor interest following an interview with Safety Strips CEO Geoff Benic, highlighting their role in combating the opioid crisis. The opioid overdose treatment market is expected to reach $1.54 billion in 2024. Greenlane Holdings, Inc. (NASDAQ: GNLN) has partnered with Safety Strips to distribute fentanyl, xylazine, and drink-spike detection test strips across North America.
Safety Strips' products are set to launch on September 25, 2024, with shipments beginning October 1, 2024. These test strips offer a quick solution for preventing accidental overdoses and drink-spiking incidents. Safe Supply Streaming is positioned to capitalize on the growing market for safety products, with their ISO 13485 validated products. The company is exploring partnerships to expand Safety Strips' scope and develop additional tests addressing public safety needs.
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 Corp. (CSE: SPLY) has appointed Richard Paolone to its Board of Directors, enhancing its executive depth. Paolone, a Toronto-based securities lawyer, brings extensive experience in corporate finance, securities law, and M&A. He has been advising Safe Supply on strategic business initiatives and has a track record of representing companies in public and private offerings across various sectors.
The company has also issued 1,000,000 options to Directors, priced at $0.05, expiring in three years, and vesting quarterly. Safe Supply Streaming Corp. is focused on transforming the med-tech landscape through innovative technologies, aiming to enhance healthcare and safety while driving stakeholder value.
Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF) announces the commercial acceleration of its portfolio company Safety Strips Tech Corp's Drink Spike test strips in response to new U.S. legislation. California bars and nightclubs are now legally required to offer test kits for detecting date rape drugs, effective July 1, 2024. Safety Strips is the first to achieve mass-scale readiness in California, positioning itself as an industry leader in drug detection technology.
The legislation, Assembly Bill No. 1013, mandates that approximately 2400 establishments with a Type 48 license must display signage informing patrons of available drug testing kits. Safety Strips, following an expansion agreement with Greenlane Holdings, Inc. (NASDAQ: GNLN), is set to meet the anticipated demand surge as California businesses comply with the new regulations.
Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF) announces a major expansion for its portfolio company, Safety Strips Tech Corp. Safety Strips has partnered with Greenlane Holdings, Inc. (NASDAQ: GNLN) to distribute harm reduction test strips for fentanyl, drink spike, and xylazine across the United States. This partnership leverages Greenlane's extensive network of over 11,000 retailers and 7,000 retail doors nationwide.
Key highlights include:
- Access to Greenlane's experienced U.S. sales team
- Potential for rapid revenue growth and market expansion
- Introduction of Wellness Strips for at-home health testing
- Integration of AI-powered technology for data analysis
- Addressing the opioid crisis with high-sensitivity detection products
Safe Supply Streaming Corp. (CSE: SPLY) has announced significant updates to its Board of Directors as part of its strategic transformation into a med-tech company. Brian Tanner, a Corporate Development Executive with over 25 years of sales experience, has joined the board. Tanner brings expertise in omnichannel sales, marketing, and strategic growth, particularly in Consumer Packaged Goods and Medical Devices. His appointment is expected to be invaluable as the company evolves its focus.
Concurrently, Jack Bensimon has resigned from the Board of Directors. The company expressed gratitude for his contributions. These changes mark a pivotal step in Safe Supply Streaming Corp.'s strategic direction, emphasizing its commitment to leveraging innovative technologies in healthcare and safety.
Safe Supply Streaming Co (CSE: SPLY, FSE: QM4, OTCQB: SSPLF) announced the resignation of Frank Salvati from its Board of Directors, effective immediately. The company is evaluating options for the future composition of the Board and will provide an update upon identifying a replacement. CEO Bill Panagiotakopoulos expressed gratitude for Salvati's contributions and reaffirmed the company's commitment to investing in emerging tech and medical testing sectors to address healthcare challenges.
Safe Supply Streaming Corp. announced a strategic expansion into AI-powered healthcare solutions focusing on medical testing, mental health, addiction treatment, and safe supply methodologies. The company aims to explore M&A opportunities and partnerships to capitalize on the growth of the medical testing market, projected to reach $175 billion by 2025. With the opioid crisis driving the need for effective solutions, Safe Supply's methodologies aim to provide lower-risk alternatives. The healthcare AI market, expected to grow significantly, offers opportunities for Safe Supply to enhance its service offerings. The company has suspended funding commitments to 2683450 Ontario Inc. and CannaLabs, pivoting towards more favorable investments. The suspension of LIFE and ATM financings was also announced.
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