Jupiter Wellness shares are trading higher after the company announced it has executed an Asset Purchase Agreement with GBB Drink Lab to acquire all operating assets including the "Safety Shot" rapid alcohol detox drink.
Portfolio Pulse from Benzinga Newsdesk
Jupiter Wellness has signed an Asset Purchase Agreement with GBB Drink Lab to acquire all operating assets, including the 'Safety Shot' rapid alcohol detox drink. This has led to a rise in Jupiter Wellness' shares.
July 10, 2023 | 1:27 pm
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POSITIVE IMPACT
Jupiter Wellness' acquisition of GBB Drink Lab's assets, including the 'Safety Shot' detox drink, has led to a rise in its share price.
The acquisition of GBB Drink Lab's assets, including the 'Safety Shot' detox drink, expands Jupiter Wellness' product portfolio, which could potentially increase its revenue. This positive news has led to a rise in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100