CALGARY, ALBERTA, April 08, 2025 (GLOBE NEWSWIRE) -- BASF is proud to support the next generation of farmers with BASF Safety Scouts, an interactive program that promotes the foundations of on-farm safety. The BASF Safety Scouts program provides 2,000 BASF Safety Scout and BASF Safety Captain kits annually at no cost to farm families across Canada. The kits are designed to encourage farm children to take on the role of safety ambassador on their farm. The BASF Safety Scouts program is a key pillar of how BA ...

On March 4 we shared positive findings from a human clinical trial of Sure Shot published in a peer-reviewed article titled, "A Novel Blend of Dietary Ingredients Mitigates Blood and Breath Ethanol Levels After Acute Alcohol Intake," in the Journal of Nutrition and Dietary Supplements (Feb 26, 2025, Volume 17, Pages 43-62). The randomized, double-blind, placebo-controlled clinical trial evaluated the efficacy of Safety Shot in mitigating the negative effects of alcohol consumption. Results were groundbreaki ...

Core Viewpoint - Safety Shot, Inc. is set to spin off its subsidiary, Caring Brands, Inc., with a record date for the distribution of shares established for April 7, 2025 [1][2]. Group 1: Spin-off Details - Stockholders will receive one share of Caring Brands Common Stock for every 45 shares of Safety Shot's common stock held as of the record date [2]. - Fractional shares of Caring Brands Common Stock will not be distributed; instead, they will be rounded down to whole shares [2]. - The distribution is expected to occur around August 9, 2025, contingent upon the effectiveness of Caring Brands' Registration Statement and other necessary approvals [3]. Group 2: Trading and Regulatory Aspects - Caring Brands Common Stock is anticipated to begin trading on Nasdaq on or about April 11, 2025, pending regulatory approvals [3]. - The Registration Statement for Caring Brands Common Stock has been filed with the SEC but is not yet effective, meaning shares cannot be sold or offered until it becomes effective [4]. Group 3: Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, with its flagship product, Sure Shot, designed to lower blood alcohol content while enhancing clarity and mood [5]. - The company plans to expand its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [5].

Financial Performance - Safety Shot Inc. reported a net loss of $51.7 million for the year ended December 31, 2024, compared to a net loss of $15.1 million for 2023, reflecting an increase in losses of 243%[252] - The Company generated revenues of $701,967 for the year ended December 31, 2024, compared to $202,670 for the year ended December 31, 2023, reflecting an increase due to the commencement of marketing and selling its Safety Shot beverage in December 2023[267] - Total operating expenses for the year ended December 31, 2024, were $39,611,915, significantly higher than $12,524,869 for the year ended December 31, 2023[268] - The net loss from continuing operations was $48,411,830 for the year ended December 31, 2024, compared to $14,821,513 for the year ended December 31, 2023[266] - The Company had a gross profit (loss) of $(2,445,757) for the year ended December 31, 2024, compared to $(74,457) for the year ended December 31, 2023[266] - Losses from discontinued operations were $997,802 for the year ended December 31, 2024, compared to $261,528 for the year ended December 31, 2023[273] - Other income for the year ended December 31, 2024, included realized gains of $1,193,666 on the sale of marketable securities[271] - The Company incurred a deemed dividend of $2,293,301 related to the settlement with Bigger Capital, which is considered in the determination of earnings per share[275] Product Development and Strategy - The company launched its e-commerce sales of the Safety Shot Beverage in December 2023, following the acquisition of the product and related assets in August 2023[230] - The Safety Shot Beverage is formulated with 28 active ingredients and is manufactured in a facility adhering to Good Manufacturing Practices (GMP)[231][233] - The company plans to relaunch its Photocil product in the U.S. in Q4 2024 after receiving FDA approval, with current sales occurring in India through a licensing agreement[237] - Safety Shot Inc. is focusing on expanding its product line, including a powdered stick pack version of the Safety Shot Beverage, while discontinuing its CBD product offerings[234][239] - The Company is in commercialization mode while continuing to pursue the development of next-generation products and new products[277] Operational Efficiency - The weighted average number of common shares outstanding increased from 30.9 million in 2023 to 54.4 million in 2024, impacting the loss per share calculation[252] - The company maintains a diverse network of raw material suppliers, ensuring high-quality production for its beverage and other health products[238] - Safety Shot Inc. does not experience concentration risk or dependence on major customers, indicating a stable revenue generation strategy[237] - The company has not recognized any allowance for doubtful collections during the years ended December 31, 2024, and 2023, indicating effective receivables management[255] Financial Position - The deferred tax asset at December 31, 2024, was $14,660,582, fully offset by a valuation allowance due to the Company's lack of earnings history[259] - Research and development expenses amounted to $271,719 for the year ended December 31, 2024, compared to $100,591 for the year ended December 31, 2023[260] - The company aims to partner with industry leaders to access the latest technologies and expand its market reach[236]

Core Viewpoint - Safety Shot, Inc. is set to spin off its subsidiary, Caring Brands, Inc., with a record date for the distribution of shares established for April 7, 2025 [1][2]. Group 1: Spin-off Details - Stockholders will receive one share of Caring Brands Common Stock for every 45 shares of Safety Shot's common stock held as of the Record Date [2]. - Fractional shares of Caring Brands Common Stock will not be distributed; instead, they will be rounded down to whole shares by the distribution agent, ClearTrust, LLC [2]. - The distribution is expected to occur around August 9, 2025, contingent upon the effectiveness of Caring Brands' Registration Statement and other necessary approvals [3]. Group 2: Trading and Regulatory Aspects - Caring Brands Common Stock is anticipated to begin trading on Nasdaq around April 11, 2025, provided all regulatory approvals are secured [3]. - The Registration Statement for Caring Brands Common Stock has been filed with the SEC but is not yet effective, meaning shares cannot be sold or offered until it becomes effective [4]. Group 3: Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, with its flagship product, Sure Shot, designed to lower blood alcohol content while enhancing clarity, energy, and mood [5]. - The company plans to expand its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [5].

Core Insights - Safety Shot, Inc. has published a peer-reviewed study demonstrating that its product significantly reduces blood alcohol concentration (BAC), breath alcohol concentration (BrAC), and hangover symptoms compared to a placebo, indicating its potential utility in managing alcohol consumption effects [1][2][3] Study Details - The clinical trial was conducted by The Center for Applied Health Sciences (CAHS) and involved a diverse group of healthy participants who consumed alcohol followed by either Safety Shot or a placebo in a crossover design [2][5] - The study employed a rigorous double-blind, randomized, placebo-controlled design to ensure scientific accuracy and minimize variability among participants [2] Key Findings - Safety Shot reduced blood alcohol levels within 30 minutes, showing statistically significant reductions in both blood and breath alcohol levels over a period of 30 to 240 minutes post-consumption [4] - The product significantly increased aldehyde dehydrogenase levels, suggesting an enhanced metabolic response to alcohol elimination [4] - Participants reported improved hangover symptoms, including less head discomfort, reduced fatigue, and increased energy levels compared to the placebo group [4] - Increased urine output was observed in participants taking Safety Shot, indicating enhanced elimination of alcohol from the body [4] Market Potential - The global market for hangover cure products is projected to grow at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030, potentially exceeding $6 billion by 2032, driven by rising alcohol consumption and demand for effective solutions [6] - Safety Shot is strategically positioned to capture a significant share of this expanding market due to its clinically proven efficacy and unique human-based research [6] Company Overview - Safety Shot, Inc. has developed Sure Shot, a patented wellness product designed to lower blood alcohol content while enhancing clarity, energy, and overall mood [7] - The product is available for purchase online and the company plans to introduce business-to-business sales to various distributors and retailers throughout 2025 [7] - Sure Shot contains a proprietary blend of natural ingredients aimed at supporting the body's detoxification processes and promoting overall wellness [7]

Core Insights - Safety Shot, Inc. has appointed CORE IR & PR to enhance its investor relations and public communications as part of its strategic growth initiatives [1][2] - The partnership aims to increase market awareness of Safety Shot's business model and growth strategies among institutional and retail investors [2][3] - CORE IR specializes in investor engagement and public relations, particularly in the healthcare and retail sectors, which aligns with Safety Shot's market focus [3] Company Overview - Safety Shot, Inc. is a wellness and dietary supplement company known for its product Sure Shot, which is designed to lower blood alcohol content while enhancing clarity, energy, and mood [4] - Sure Shot is available for purchase online through various platforms, including its own website, Walmart, and Amazon, and the company plans to expand its business-to-business sales throughout 2025 [4]

Core Insights - Safety Shot, Inc. has appointed CORE IR & PR to enhance its investor relations and public communications as part of its strategic growth initiatives [1][2] - The partnership aims to increase market awareness of Safety Shot's business model and growth strategies among institutional and retail investors [2][3] - CORE IR specializes in investor engagement and public relations for small to mid-sized companies, particularly in the healthcare and retail sectors [3] Company Overview - Safety Shot, Inc. is a wellness and dietary supplement company known for its product Sure Shot, which is designed to lower blood alcohol content while enhancing clarity, energy, and mood [4] - Sure Shot is available for purchase online through various platforms including its own website, Walmart, and Amazon, with plans to expand into business-to-business sales throughout 2025 [4]

Core Insights - Safety Shot, Inc. has received a significant order for its flagship product, Sure Shot, from a major Midwestern grocery chain with over 285 stores across eight states, marking a key milestone in its retail expansion strategy [1][2] - The order consists of 150 cases, equivalent to 600 six packs, indicating strong consumer and retailer confidence in Sure Shot's ability to promote responsible alcohol consumption [1][2] - The company aims to establish a strong presence in the grocery sector, with Sure Shot now available in an increasing number of stores across the United States [2][3] Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, having developed Sure Shot, the first patented product designed to lower blood alcohol content while enhancing clarity, energy, and overall mood [3] - Sure Shot is available for purchase online through various platforms, including its own website, Walmart, and Amazon, and the company plans to introduce business-to-business sales throughout 2025 [3]

Core Insights - Yerbaé Brands Corp. has entered a distribution agreement with Eagle Rock Distributing Company to distribute its 12oz functional beverage line to King Soopers locations in Colorado, enhancing its market presence in the region [1][4][6] - The partnership aligns with the growing consumer demand for plant-based, healthier beverage options, positioning Yerbaé to capitalize on this trend [2][4] - Eagle Rock's established distribution network will facilitate the delivery of Yerbaé's products across key locations in Colorado, including Denver, Boulder, and Colorado Springs [3][5] Company Overview - Yerbaé Brands Corp. was founded in 2017 and focuses on creating plant-based functional beverages that are zero sugar, zero calorie, non-GMO, and gluten-free, appealing to health-conscious consumers [7][8] - The company's key ingredient, yerba mate, is known for its nutritional benefits, containing 196 different vitamins, minerals, and nutrients [7] Product Expansion - The new distribution agreement will introduce flavors such as Mango Passionfruit, Black Cherry Pineapple, and Peachy Mimosa Twist to King Soopers customers, expanding their selection of healthy beverage options [5] - This initiative aims to empower consumers to make healthier choices without compromising on taste [5] Strategic Alignment - The distribution agreement reflects a strategic alignment with Safety Shot, Inc., which is in the process of acquiring Yerbaé, focusing on securing distribution agreements with major supermarket chains [4][6] - Both companies share a vision of providing convenient access to innovative and healthy beverage choices, which is expected to drive growth for both brands [6][7]