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; Asset Valued At $53M By A Third Party Valuation Firm
Portfolio Pulse from Happy Mohamed
Jupiter Wellness, Inc. (NASDAQ:JUPW) has acquired the assets of GBB Drink Lab Inc., including the Safety Shot beverage, a rapid alcohol detoxification product. The asset is valued at $53 million. The global hangover cure products market is expected to reach $4.67 billion by 2028. The Safety Shot business segment is forecasted to produce approximately $25 million in revenues and $4 million in net income by Q1 2024 for Jupiter Wellness.
July 10, 2023 | 12:59 pm
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Jupiter Wellness's acquisition of Safety Shot could potentially boost its revenues and net income by Q1 2024. However, the company's success in this venture depends on its ability to effectively market and sell the product.
The acquisition of Safety Shot, a product in the growing hangover cure market, could potentially increase Jupiter Wellness's revenues and net income. However, the company's ability to achieve these projected figures depends on its marketing strategy and sales execution.
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