STOCK TITAN

Safe Supply Commends U.S. Government for Historic New Legislation Mandating Drug Detection Kits, Announces Commercial Acceleration of Drink Spike

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

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) annuncia l'accelerazione commerciale dei test per il rilevamento di droghe nelle bevande della sua azienda in portafoglio, Safety Strips Tech Corp, in risposta alla nuova legislazione statunitense. I bar e i nightclub della California sono ora obbligati per legge a offrire kit per il test del rilevamento di droghe destinate alla violenza sessuale, a partire dal 1° luglio 2024. Safety Strips è la prima a raggiungere la prontezza su larga scala in California, posizionandosi come leader nel settore della tecnologia di rilevamento delle droghe.

La legislazione, Assembly Bill No. 1013, impone che circa 2400 esercizi con licenza di tipo 48 debbano esporre cartelli che informano i clienti della disponibilità di kit per il test delle droghe. Safety Strips, a seguito di un accordo di espansione con Greenlane Holdings, Inc. (NASDAQ: GNLN), è pronta a soddisfare l'aumento della domanda previsto mentre le aziende californiane si adeguano alle nuove normative.

Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF) anuncia la aceleración comercial de las tiras de prueba de drogas en bebidas de su empresa en cartera, Safety Strips Tech Corp, en respuesta a la nueva legislación en EE.UU. Los bares y clubes nocturnos de California ahora están legalmente obligados a ofrecer kits de prueba para detectar drogas en bebidas, que entran en vigencia el 1 de julio de 2024. Safety Strips es la primera en lograr la preparación a gran escala en California, posicionándose como líder en tecnología de detección de drogas.

La legislación, Assembly Bill No. 1013, exige que aproximadamente 2400 establecimientos con licencia de Tipo 48 deben exhibir letreros informando a los clientes sobre la disponibilidad de kits de prueba de drogas. Safety Strips, tras un acuerdo de expansión con Greenlane Holdings, Inc. (NASDAQ: GNLN), está lista para satisfacer el aumento de la demanda previsto a medida que las empresas de California cumplen con las nuevas regulaciones.

Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF)는 새로운 미국 법안에 따라 자회사 Safety Strips Tech Corp의 음료 스파이크 테스트 스트립의 상업적 가속화를 발표했습니다. 캘리포니아의 바와 나이트클럽은 이제 신체적 폭행 약물을 감지하는 테스트 키트를 제공해야 하는 법적 의무가 있습니다, 2024년 7월 1일부터 시행됩니다. Safety Strips는 캘리포니아에서 대규모 준비를 최초로 완료하여 약물 탐지 기술 산업의 선두주자로 자리매김하고 있습니다.

이 법안인 Assembly Bill No. 1013은 약 2400개의 48형 라이선스를 가진 업소가 고객에게 제공되는 약물 테스트 키트에 대한 정보를 게시해야 한다고 명시합니다. Safety Strips는 Greenlane Holdings, Inc. (NASDAQ: GNLN)와의 확장 계약에 따라, 캘리포니아의 기업들이 새로운 규정을 준수함에 따라 예상되는 수요 급증을 충족할 준비가 되어 있습니다.

Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF) annonce l'accélération commerciale des bandes de test de sécurité de sa société de portefeuille Safety Strips Tech Corp en réponse à une nouvelle législation américaine. Les bars et discothèques de Californie sont désormais légalement tenus de proposer des kits de test pour détecter les drogues de viol, à compter du 1er juillet 2024. Safety Strips est la première à atteindre une préparation à grande échelle en Californie, se positionnant comme un leader de l'industrie de la technologie de détection des drogues.

La législation, le projet de loi de l'assemblée n° 1013, impose qu'environ 2400 établissements avec une licence de type 48 doivent afficher des panneaux informant les clients sur les kits de test de drogue disponibles. Safety Strips, suite à un accord d'expansion avec Greenlane Holdings, Inc. (NASDAQ: GNLN), est prête à répondre à l'augmentation prévue de la demande alors que les entreprises californiennes se conforment à la nouvelle réglementation.

Die Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF) gibt die kommerzielle Beschleunigung der Teststreifen zur Erkennung von Drogen in Getränken ihrer Tochtergesellschaft Safety Strips Tech Corp als Reaktion auf die neue US-Gesetzgebung bekannt. Bars und Nachtclubs in Kalifornien sind jetzt gesetzlich verpflichtet, Testkits zur Erkennung von Drogen zur sexuellen Nötigung anzubieten, gültig ab dem 1. Juli 2024. Safety Strips ist die erste Firma, die in Kalifornien bereit für den Massenmarkt ist und positioniert sich als führendes Unternehmen in der Drogenidentifikationstechnologie.

Die Gesetzgebung, Assembly Bill Nr. 1013, schreibt vor, dass etwa 2400 Betriebe mit einer Typ-48-Lizenz Schilder aufstellen müssen, die die Gäste über die verfügbaren Drogentests informieren. Safety Strips wird nach einem Expansionsvertrag mit den Greenlane Holdings, Inc. (NASDAQ: GNLN) die erwartete Nachfragesteigerung erfüllen, während die kalifornischen Unternehmen die neuen Vorschriften einhalten.

Positive
  • Safety Strips is first to achieve mass-scale readiness for mandatory drug detection kits in California
  • New legislation in California requires bars and nightclubs to offer date rape drug test kits
  • Expansion agreement with Greenlane Holdings, Inc. (NASDAQ: GNLN) for distribution
  • Potential for significant market growth as other states may adopt similar measures
Negative
  • None.
  • California Bars and Clubs Are Now Mandated to Offer Date Rape Drug Test Kits
  • Safety Strips is First to Achieve Mass-Scale Readiness in California
  • Safe Supply to Accelerate Production of Drink Spike to Meet the Demand Surge as California Businesses Comply with New Regulations

Toronto, Ontario--(Newsfile Corp. - August 14, 2024) - Safe Supply Streaming Co Ltd. (CSE: SPLY) (FSE: QM4) (OTCQB: SSPLF) ("Safe Supply" or "the Company") is thrilled to announce the commercial acceleration of its portfolio company Safety Strips Tech Corp ("Safety Strips") and their innovative Drink Spike test strips in response to recent U.S. legislation.

Starting this week, California bars and nightclubs are legally required to offer test kits for detecting date rape drugs. Safety Strips has a distinct edge as the first to achieve mass-scale readiness in California, ensuring these mandatory kits are readily available for businesses to comply with new regulations.

This historic legislation, Assembly Bill No. 1013, took effect on July 1, 2024, and will remain in place until January 1, 2027. The bill mandates that approximately 2400 establishments with a Type 48 license, which allows the sale of beer, wine, and distilled spirits, must display signage informing patrons that drug testing kits are available. California is the most visited state in the U.S. with an average of 275 million visitors each year.

Following a landmark expansion agreement with Greenlane Holdings, Inc. (NASDAQ: GNLN), one of the largest and most reputable distributors in the U.S, this monumental legislation positions Safety Strips as an industry leader in reliable, accurate, and safe drug detection technology. With a robust supply chain, advanced distribution network, and AI-powered technology, we're not only helping businesses comply with new legislation - Safety Strips is setting a new gold standard in accurate drug detection.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/9805/219880_b1d430ba149e59a2_001.jpg

Figure 1: Drink Spike Test Kit 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9805/219880_b1d430ba149e59a2_001full.jpg

Geoff Benic, CEO of Safety Strips, emphasized the urgency of addressing the ongoing public health crisis: "We can no longer afford to ignore the devastating reality of toxic drugs and substances causing severe and irreversible harm to unsuspecting individuals. While changing consumer behavior is ambitious, Safety Strips has been at the forefront of developing proprietary toxicity testing solutions to create a safer, risk-reduced world."

Benic also commended the California government for its proactive stance: "We applaud California for taking this historic step in protecting both residents and tourists."

The new law requires businesses to display signs reading, "Don't get roofied! Drink spiking drug test kits available here. Ask a staff member for details." Establishments must offer these drug testing devices either for sale or free of charge.

"We recognize the generational impact investment opportunity in the potential of Safety Strips becoming a new safety standard across the USA. Safe Supply is allocating significant resources behind Safety Strips to be able to meet market demand and investors can expect an innovative and aggressive customer acquisition strategy aimed at getting these products into the marketplace," said Bill Panagiotakopoulos, CEO of Safe Supply Streaming Corp.

New Legislation Presents Compelling Investment Opportunity

Investors are encouraged to recognize the potential of Safety Strips' Drink Spike tests as an emerging standard in safety protocols, particularly in California, a state known for setting nationwide public health trends. The alignment of regulatory backing, heightened consumer advocacy, and the sheer volume of events across the country presents a promising market opportunity. As additional states may adopt similar measures, the market is poised for substantial growth, offering a strong revenue stream for Safety Strips.

Alcohol plays a significant role in sexual assaults, with statistics showing that at least 50% of student sexual assaults and 90% of rapes committed by acquaintances involve alcohol.

Safety Strips accelerated production of Drink Spike test strips aims to meet the anticipated demand surge as California businesses comply with this crucial legislation.

About Safety Strips Tech Corp.

Safety Strips Tech Corp. is an innovative leader in the development and distribution of test strips designed to detect toxic substances in various environments. Utilizing advanced AI-powered technology, Safety Strips provides reliable, easy-to-use testing solutions aimed at reducing harm and improving public health. The company is dedicated to expanding its product portfolio into wellness and health sectors, offering consumers a comprehensive approach to safety and well-being.

About Safe Supply Streaming Corp.

Safe Supply Streaming Corp. (CSE: SPLY) is a publicly traded company specializing in the acquisition, investment, and development of companies within the medical and wellness sectors. With a focus on innovative technology-driven solutions, Safe Supply aims to create sustainable value for its investors while addressing critical needs in the healthcare industry. As the company pivots towards a new strategic direction, it remains committed to delivering high-impact solutions and fostering growth through its diverse portfolio of cutting-edge companies.

This partnership with Greenlane is a significant step forward in our journey, reflecting our commitment to innovation and value creation. As we continue to evolve, we invite retail investors to join us in capitalizing on the immense opportunities ahead.

For further information, please contact:

Investor Relations Contact:

Safe Supply Streaming Corp.
Email: info@safesupply.com

Bill Panagiotakopoulos
Chief Executive Officer and Director
Email: bill@safesupply.com
Website: www.safesupply.com

Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of applicable securities laws. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such statements. Safe Supply Streaming Corp. undertakes no obligation to update forward-looking statements, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219880

FAQ

What is the new legislation regarding drug detection kits in California?

Assembly Bill No. 1013, effective July 1, 2024, requires California bars and nightclubs with a Type 48 license to offer test kits for detecting date rape drugs and display signage informing patrons of their availability.

How is Safe Supply Streaming Co (SSPLF) responding to the new California legislation?

Safe Supply is accelerating the production of Drink Spike test strips through its portfolio company Safety Strips Tech Corp to meet the anticipated demand surge as California businesses comply with the new regulations.

What advantage does Safety Strips have in the California market for drug detection kits?

Safety Strips is the first company to achieve mass-scale readiness in California, ensuring that mandatory drug detection kits are readily available for businesses to comply with the new regulations.

How long will the new California legislation on drug detection kits remain in effect?

The legislation, Assembly Bill No. 1013, took effect on July 1, 2024, and will remain in place until January 1, 2027.

SAFE SUPPLY STREAMING CO

OTC:SSPLF

SSPLF Rankings

SSPLF Latest News

SSPLF Stock Data

1.61M
74.62M
16.93%
Asset Management
Financial Services
United States of America
Vancouver