Jupiter Wellness Acquires World’s First Rapid Blood Alcohol Detox Drink “Safety Shot” to Launch Q4 2023: Lowers Blood Alcohol Content by up to 50% in Just 30 Minutes
10 Julho 2023 - 9:55AM
Jupiter Wellness, Inc. (Nasdaq: JUPW), a diversified company that
supports health and wellness, today announced it has executed an
Asset Purchase Agreement with GBB Drink Lab Inc.. As per the
Agreement, all operating assets related to GBB Drink Lab, including
the revolutionary Safety Shot beverage, will belong to Jupiter
Wellness, Safety Shot creates a new product category for rapid
alcohol detoxification in the fast-growing hangover remedy market.
Safety Shot is protected by a number of issued and pending patents
covering composition of matter and methods of use.
Created by a doctor and validated by research,
Safety Shot helps your body break down alcohol faster while aiding
in recovery and rehydration. The product is formulated with
scientifically proven ingredients that stop your body from
absorbing alcohol into your blood, reducing your Blood Alcohol
Content (BAC) and getting you out of an intoxicated state.
Consumers are now more aware of the benefits
associated with the consumption of hangover cure products, which
help improve metabolism, reduce nausea caused due to excessive
alcohol consumption, and can hydrate the body.
The global hangover cure products market size is
expected to reach USD 4.67 billion by 2028, according to a new
report by Grand View Research, Inc. It is expected to expand at a
CAGR of 14.6% from 2021 to 2028.
The Safety Shot business segment alone is
forecasted to produce approximately $25 million in revenues and $4
million in net income by first quarter of 2024 for Jupiter Wellness
with accelerated top and bottom-line contributions thereafter.
There can be no assurances that we will reach such sales levels or
profits. Jupiter Wellness believes that it is well-funded and has
the capability to take the purchased patents and provisional
patents from the Company and bring them to market. Jupiter will
deploy a multi-channel strategy designed to dominate e-commerce and
quickly win retail shelf space.
Jupiter Wellness CEO Brian John stated. “The
world-first breakthrough nature of Safety Shot and the market it
addresses are a tremendous opportunity that Jupiter will
effectively execute upon. This asset purchase is a truly
transformational transaction for the Company and its
shareholders.”
GBB Drink Lab started with a vision of making a
positive impact by offering practical, evidence-based solutions to
reducing Blood Alcohol Content. The company’s product has been
meticulously crafted to optimize the user’s ability to sober up
enabling you to escape an inebriated state. GBB Drink Lab's
leadership team includes accomplished serial entrepreneurs, a
former senior executive from one of the world’s largest beverage
companies, and an industry-leading expert in flavoring science and
product formulation.
Jupiter Wellness, Inc., a wellness company,
engages in the research and development of over-the-counter
products and intellectual property. Its products pipeline includes
Photocil to address psoriasis and vitiligo; JW-700 to treat hair
loss; JW-500 for women's sexual wellness; NoStingz, a jellyfish
sting prevention sunscreen; and JW-110 for the treatment of atopic
dermatitis/eczema. The Company primarily sells its products through
third-party physical retail stores and partners. The Company was
formerly known as CBD Brands, Inc. Jupiter Wellness, Inc. was
incorporated in 2018 and is headquartered in Jupiter, Florida.
Forward Looking Statements
This communication contains forward-looking
statements regarding Jupiter Wellness, including, the anticipated
timing of studies and the results and benefits thereof. You can
generally identify forward-looking statements by the use of
forward-looking terminology such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,”
“intend,” “may,” “might,” “plan,” “potential,” “predict,”
“project,” “seek,” “should,” or “will,” or the negative thereof or
other variations thereon or comparable terminology. These
forward-looking statements are based on each of the Company’s
current plans, objectives, estimates, expectations, and intentions
and inherently involve significant risks and uncertainties, many of
which are beyond Jupiter Wellness’ control. Actual results and the
timing of events could differ materially from those anticipated in
such forward-looking statements as a result of these risks and
uncertainties and other risks and uncertainties affecting Jupiter
Wellness and, including those described from time to time under the
caption “Risk Factors” and elsewhere in Jupiter Wellness’
Securities and Exchange Commission (SEC) filings and reports,
including Jupiter Wellness’ Annual Report on Form 10-K for the year
ended December 31, 2023 and future filings and reports by Jupiter
Wellness. Moreover, other risks and uncertainties of which the
combined company is not currently aware may also affect each of the
companies’ forward-looking statements and may cause actual results
and the timing of events to differ materially from those
anticipated. Investors are cautioned that forward-looking
statements are not guarantees of future performance. The
forward-looking statements made in this communication are made only
as of the date hereof or as of the dates indicated in the
forward-looking statements and reflect the views stated therein
with respect to future events at such dates, even if they are
subsequently made available by Jupiter Wellness on its website or
otherwise. Jupiter Wellness undertakes no obligation to update or
supplement any forward-looking statements to reflect actual
results, new information, future events, changes in its
expectations or other circumstances that exist after the date as of
which the forward-looking statements were made.
Jupiter Wellness Media
Contact: Phone:
561-244-7100Email: info@JupiterWellness.com
###
Jupiter Wellness (NASDAQ:JUPW)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Jupiter Wellness (NASDAQ:JUPW)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024