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
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