News Release
Safety Shot (NASDAQ:SHOT) Now Available Through Go Puff and BevMo
CGR-SHOT
In the timeless pursuit of pleasure, humanity has long savored the delights of alcohol, yet the morning-after discomfort remains an unwelcome companion. However, for the first time, investors may have the opportunity to partake in a venture poised to revolutionize the recovery experience and redefine wellness in the beverage industry. Safety Shot, Inc. has emerged as a trailblazer in the beverage industry, pioneering a first-of-its-kind beverage designed to alleviate the effects of alcohol consumption rapidly. Their patented formula accelerates the detoxification process, leaving consumers feeling better faster, revolutionizing both nightlife experiences and morning recoveries. In September 2023, Safety Shot, Inc. (NASDAQ: SHOT) announced its groundbreaking intention to develop a concentrated form of its innovative beverage platform to treat alcohol poisoning in hospital and emergency settings. Safety Shot leverages a meticulously crafted blend of scientifically proven ingredients, including vitamins, minerals, and nootropics, to enhance metabolic pathways responsible for breaking down blood alcohol levels. The formulation promotes faster alcohol breakdown, aiding in recovery and rehydration, thus setting a new standard in post-alcohol consumption care. The Market: The global recovery drinks market pulsates with opportunity, boasting a projected CAGR of 6.0% during the forecast period (2019–2024). This growth trajectory mirrors a broader shift towards health consciousness and holistic wellness, propelling demand for organic recovery beverages. With isotonic drinks leading the way, Safety Shot is well-positioned to capture a significant share of this growing market. The global hangover cure products market was valued at USD 2.34 billion in 2023, and Safety Shot remains at the forefront of industry innovation, bolstered by increasing alcohol consumption worldwide and a growing awareness of anti-hangover products. Embracing Growth Opportunities: Recently on March 8, Safety Shot, Inc. made a groundbreaking announcement through its social media platform, "@DrinkSafetyShot_" on Instagram. The company's post featured @MatthewEspinosa and included the following caption: "You heard it here first - @MatthewEspinosa announcing you’ll soon be able to buy SafetyShot on @gopuff & and at @Bevmo_co. Drop a cheers below to celebrate 🥂" Leading instant commerce platforms, GoPuff and its beverage-themed BevMo, link consumers to everyday necessities by acting as an interface of accessibility and convenience. With its inventory of approximately 4,000 products stored in local micro-fulfillment centers, GoPuff promises swift delivery of goods directly to consumers' doorsteps, redefining the shopping experience with unparalleled ease and efficiency. The integration of GoPuff and BevMo into Safety Shot's distribution network marks a significant milestone in the company's expansion strategy. This strategic partnership enhances Safety Shot's market reach and visibility, positioning it as a formidable player in the wellness beverage industry. By tapping into these established platforms, Safety Shot gains access to a broader consumer base and opens doors to new avenues of growth and market penetration. Recent Developments: On February 27, 2024, Safety Shot announced its plans to relocate its corporate headquarters from Jupiter, Florida, to Scottsdale, Arizona. This move, scheduled to commence soon, aims to enhance operational efficiency and bring the company closer to its major production and distribution centers. In conjunction with this strategic decision, Safety Shot appointed Danielle De Rosa as its new Chief Financial Officer, effective March 1, 2024. Brian John, Safety Shot CEO, expressed confidence in De Rosa's strategic financial management capabilities, emphasizing her track record in managing growth, cash flow, and operations. John stated, "We're bringing Danielle on board to benefit from her strategic and diligent approach to managing growth, cash flow, inventory, and operations." A pivotal leadership transition occurred on February 28, 2024, with Jarrett Boon succeeding Brian John as the Chief Executive Officer of Safety Shot, Inc. Boon, a seasoned entrepreneur known for his success with ventures like LifeLock and GBB Drink Lab, brings over 30 years of industry experience to his new role. Commenting on the transition, Boon remarked, "I am excited to take the business forward and even more excited about the tremendous potential that Safety Shot has to improve the health and well-being of millions of consumers in the growing $1.56 billion market." Further reinforcing its leadership team, Safety Shot appointed John Gulyas as Chairman of the Board, succeeding Glynn Wilson, PhD. Gulyas, a co-founder of Safety Shot beverage, expressed his dedication to advancing Safety Shot's mission of becoming a leading wellness beverage brand. "I believe Safety Shot is a once-in-a-century kind of functional beverage that can improve well-being," Gulyas stated, emphasizing his commitment to enhancing shareholder value and product visibility. CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. 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March 12, 2024 05:00 AM Eastern Daylight Time
News Release
