InvestorNewsBreaks – Safety Shot (NASDAQ: SHOT) Announces Plans to Divest Wellness Unit, Focus on Commercialization of Flagship Product

September 27, 2024 07:35:00

Safety Shot (NASDAQ: SHOT), the wellness company behind the first-ever patented wellness product that lowers blood alcohol content in as little as 30 minutes by supporting its metabolism, has entered into a separation and exchange agreement with subsidiary Caring Brands Inc. According to the announcement, the company is divesting its wellness unit to“create value for shareholders and to focus on commercialization of its Safety Shot dietary supplement.” The transaction, which involves transferring the wellness consumer products segment, associated assets, intellectual property and liabilities to Caring Brands, will enable the separate entities to focus on their distinct strategy and business.

“Separating our wellness business into its own public entity is a strategic move that allows the company to maximize its efforts on the commercialization of the Safety Shot Dietary Supplement, our proprietary supplement that reduces blood alcohol content by supporting the metabolism of alcohol,” the company stated in the press release.

To view the full press release, visit https://ibn.fm/2Hi21

About Safety Shot Inc.

Safety Shot, a wellness and dietary supplement company, has developed Safety Shot, the first patented wellness product on Earth that lowers blood alcohol content by supporting its metabolism, while also boosting clarity, energy and overall mood. Safety Shot is available for purchase online at DrinkSafetyShot.com and Amazon. The company is introducing business-to-business sales of Safety Shot to distributors, retailers, restaurants and bars throughout 2024. For more information about the company, visit www.SafetyShotHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to SHOT are available in the company’s newsroom at https://ibn.fm/SHOT

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN