JUPW - InvestorNewsBreaks - Jupiter Wellness Inc. (NASDAQ: JUPW) Moves to Acquire 'Safety Shot' - the World's First Rapid Blood Alcohol Detox Drink
Jupiter Wellness (NASDAQ: JUPW), a diversified company that supports health and wellness, today announced it has executed an asset purchase agreement with GBB Drink Lab Inc. Under the agreement, all operating assets related to GBB Drink Lab, including the revolutionary Safety Shot beverage, will belong to Jupiter Wellness. Safety Shot, which is protected by a number of issued and pending patents covering composition of matter and methods of use, creates a new product category for rapid alcohol detoxification in the fast-growing hangover remedy market. “The world-first breakthrough nature of Safety Shot and the market it addresses are a tremendous opportunity that Jupiter will effectively execute upon,” said Jupiter Wellness CEO Brian John. “This asset purchase is a truly transformational transaction for the company and its shareholders.”
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About Jupiter Wellness Inc.
Jupiter Wellness, 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. For more information, visit the company’s website at www.JupiterWellness.com.
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