- Targets $1.56 billion hangover treatment market with a science-backed, patented product
- Stellar administration staff with quite a few successes in well being and diet trade be part of Jupiter’s C-suite
JUPITER, FL, Aug. 11, 2023 (GLOBE NEWSWIRE) — Jupiter Wellness, Inc. (Nasdaq: JUPW), a diversified firm that helps well being and wellness, at present introduced it closed the acquisition of all the working belongings of GBB Drink Lab Inc., together with the formulation, patent, know-how, medical knowledge, and stock of the world’s first speedy blood alcohol detox drink, branded as Security Shot.
A number of members of the GBB Drink Lab’s government staff, board members and advisors have joined Jupiter Wellness together with Josh Wagner who now serves because the Firm’s Chief Income Officer and David Sandler who serves as Jupiter’s Chief Working Officer. John Gulyas, Founder and President of GBB Drink Lab has joined Jupiter’s Board of Administrators. Rick Pascuci, a beverage trade innovator, and David Lengthy, CEO of Orange Principle Health, each former advisors to GBB Drink Lab, now serve on Jupiter’s Advisory Board.
Jupiter Wellness expects {that a} majority of its revenues might be pushed by its Security Shot enterprise unit within the coming quarters and years. In alignment with its forecasts, Jupiter plans to alter the Firm’s title to Security Shot and alter its inventory ticker and CUSIP.
The world’s first speedy blood alcohol detoxing product, Security Shot is created by a physician, patented, and validated by preliminary analysis. Security Shot lowers blood alcohol content material by as much as 50% in simply half-hour.
Security Shot creates a brand new product class for speedy alcohol detoxing within the fast-growing hangover treatment market, valued at $1.56 billion in 2020 and projected to develop at a CAGR of 14.6% by way of 2028.
“We couldn’t be extra enthusiastic about closing this acquisition as our firm is now positioned to launch a first-of-its sort wellness product that we imagine will enormous implications and advantages on wellness and security round alcohol consumption,” acknowledged Jupiter Wellness CEO Brian John “With key members of the Security Shot staff now on our staff, a profitable launch of this essential product is properly underway. Whereas we proceed to execute on our portfolio of different well being and wellness merchandise, Security Shot is the Firm’s major focus going ahead. We see it is a great win for Jupiter shareholders.”
About Jupiter Wellness
Jupiter Wellness is a diversified firm that helps well being and wellness by researching and growing over-the-counter (OTC) merchandise and mental property. The Firm’s product pipeline addresses a variety of circumstances, together with hair loss, psoriasis, and vitiligo. Income is generated by way of the gross sales of OTC and shopper merchandise and licensing royalties.
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Ahead Wanting Statements
This communication accommodates forward-looking statements relating to Jupiter Wellness, together with, the anticipated timing of research and the outcomes and advantages thereof. You may typically establish forward-looking statements by way of forward-looking terminology corresponding to “anticipate,” “imagine,” “proceed,” “might,” “estimate,” “anticipate,” “discover,” “consider,” “intend,” “could,” “would possibly,” “plan,” “potential,” “predict,” “undertaking,” “search,” “ought to,” or “will,” or the unfavourable thereof or different variations thereon or comparable terminology. These forward-looking statements are based mostly on every of the Firm’s present plans, goals, estimates, expectations, and intentions and inherently contain important dangers and uncertainties, a lot of that are past Jupiter Wellness’ management. Precise outcomes and the timing of occasions might differ materially from these anticipated in such forward-looking statements on account of these dangers and uncertainties and different dangers and uncertainties affecting Jupiter Wellness and, together with these described once in a while beneath the caption “Danger Components” and elsewhere in Jupiter Wellness’ Securities and Trade Fee (SEC) filings and studies, together with Jupiter Wellness’ Annual Report on Type 10-Okay for the 12 months ended December 31, 2023 and future filings and studies by Jupiter Wellness. Furthermore, different dangers and uncertainties of which the mixed firm just isn’t at present conscious may additionally have an effect on every of the businesses’ forward-looking statements and should trigger precise outcomes and the timing of occasions to vary materially from these anticipated. Traders are cautioned that forward-looking statements aren’t ensures of future efficiency. The forward-looking statements made on this communication are made solely as of the date hereof or as of the dates indicated within the forward-looking statements and replicate the views acknowledged therein with respect to future occasions at such dates, even when they’re subsequently made out there by Jupiter Wellness on its web site or in any other case. Jupiter Wellness undertakes no obligation to replace or complement any forward-looking statements to replicate precise outcomes, new data, future occasions, adjustments in its expectations or different circumstances that exist after the date as of which the forward-looking statements have been made.
Jupiter Wellness Media Contact:
Cellphone: 561-244-7100
Electronic mail: data@JupiterWellness.com
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