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Elite Health Partners manufactures, markets, and distributes health and beauty products through 3PL logistics and fulfillment centers.
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License of Jupiter Wellness assets to be converted into purchase by Elite Health upon execution of Elite’s planned IPO.
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All Safety Shot beverage assets remain with Safety Shot Corporation.
JUPITER, Fla., February 22, 2024 (Globe Newswire) — Safety Shot Co., Ltd. (NASDAQ:SHOT) announced today that it has entered into an agreement to license and sell legacy Jupiter Wellness assets to Colorado-based Elite Health Partners, Inc. The company’s Jupiter Wellness assets include a portfolio of over-the-counter commercialized products and product candidates under development for indications. Skin care, hair growth, women’s health, etc.
Elite Health is a leading provider of world-class, innovative products and services that meet the wide range of health and beauty needs of consumers around the world. With expertise in new product development, product formulation, and customization, Elite Health sells private label products including industry-leading cosmetics, supplements, and pet brands whose products are sold through national retailers such as Walmart, 7-Eleven, and Circle K. serves clients of. Ships to over 72 countries worldwide from Elite Health’s 3PL logistics and fulfillment center. Elite Health owns and operates an FDA registered, cGMP and ISO 22716 certified manufacturing facility. Through its MIDAS Manufacturing technology division, Elite Health’s proprietary manufacturing execution software, MIDAS, developed in-house to manage all aspects of the business, will be launched as a software-as-a-service (SaaS) product. Elite Health expects MIDAS to drive post-launch revenue and gross margin growth.
Elite Health, currently a privately held company, plans to file an IPO registration statement by the third quarter of 2024 and then become a publicly traded company. Upon IPO, Elite Health will acquire the licensed assets of Jupiter Wellness in exchange for his 40% of Elite Health’s outstanding shares, which Safety Shot plans to distribute to shareholders.
“Combined with our Jupiter Wellness portfolio, Elite Health will become a leading wellness company that develops, manufactures, launches, markets and distributes a portfolio of high-quality products,” said Safety Shot CEO Brian John. “This agreement with Elite Health is a great way for Safety Shot to monetize our assets, allowing us to focus solely on Safety Shot’s huge opportunity in the functional beverage industry.”
Tom Nyiri, CEO of Elite Health, commented: “Elite Health Partners has the know-how, facilities and industry relationships to significantly expand and accelerate the market for Jupiter Wellness’ portfolio. These unique products, combined with the upcoming launch of MIDAS SaaS, We are listed as a public company and are well positioned to further invest in our growth. We are very pleased to partner with Safety Shot and are excited about our joint assets and future potential for Elite Health. I believe in that.”
About safety shots
Safety Shot, a wellness and functional beverage company, offers the world’s first patented wellness product that helps people feel better faster by reducing blood alcohol content and increasing clarity and overall mood. We are planning to release Safety Shot, a beverage. Safety Shot is available for retail purchase from: www.DrinkSafetyShot.com and www.amazon.com. The company plans to begin selling Safety Shot business-to-business to distributors, retailers, restaurants, and bars in the first quarter of 2024.
About Elite Health Partners
Elite Health Partners Inc. specializes in contract manufacturing with an emphasis on producing high quality liquid nutritional supplements, personal care products, and pet products. These are the destinations for service-driven process optimization. More than just a contract manufacturer, Elite Health is an integrated business unit of partner brands, driving innovation, product development and scalability for all your manufacturing needs. Through the company’s technology division, his innovative SaaS platform, his MIDAS Manufacturing, is taking shape and is poised to transform manufacturing environments with innovative automation and real-time insights. The company’s comprehensive 3PL fulfillment services highlight its commitment to logistics efficiency and customer support. Elite Health Partners Inc. is at the forefront of integrating technology-driven solutions in manufacturing and is dedicated to raising standards and driving innovation in the consumer goods sector.
Forward-looking statements
This communication contains forward-looking statements regarding Safety Shot, including the anticipated timing of the study, its results and benefits. Forward-looking statements generally include the words “anticipate,” “believe,” “continue,” “may,” “estimate,” “anticipate,” “seek,” “evaluate,” “intend”, “may”, “might”, “plan”, “could”, “anticipate”, “project”, “seek”, “should”, “will”, or its negative or other variations, or equivalent terms. These forward-looking statements are based on our current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties, many of which are beyond Safety Shot’s control. Masu. As a result of these risks and uncertainties and other risks and uncertainties affecting Safety Shot, actual results and the timing of events, including those described from time to time under the caption “Risk Factors,” They may differ materially from those anticipated in the forward-looking statements. ” and elsewhere in Safety Shot’s Securities and Exchange Commission (SEC) filings and reports (Safety Shot’s Annual Report on Form 10-K for the year ended December 31, 2023 and future filings by Safety Shot and reports). In addition, other risks and uncertainties not currently known to the combined company may also affect each company’s forward-looking statements and could cause actual results or the timing of events to differ materially from expectations. There is a possibility. Investors are cautioned that forward-looking statements are not guarantees of future performance. The forward-looking statements made in this communication speak only as of the date hereof or as of the date indicated in the forward-looking statement, even if subsequently made. reflects the views expressed therein with respect to future events as of the date hereof. Available on the Safety Shot website or through other means. Safety Shot may update forward-looking statements to reflect actual results, new information, future events, changes in expectations, or other circumstances after the date on which the forward-looking statements are made. We are not obligated to provide any supplementary information.
Investor contact information:
Phone: 561-244-7100
Email: investor@drinksafetyshot.com
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