Safety Shot Sells Out On First Day Online At www.DrinkSafetyShot.com On December 7, 2023; Company Ramping Up Manufacturing And Supply Chain To Meet Higher Than Expected Demand, 2M Cans To Be Ready By Mid-January
Portfolio Pulse from Benzinga Newsdesk
Safety Shot, Inc. (NASDAQ:SHOT) reported that its product, Safety Shot, sold out on its first day of online sales at DrinkSafetyShot.com on December 7, 2023. The company also sold out on Amazon within hours on November 30th. Due to high demand, the company is increasing manufacturing, with 2 million cans expected by mid-January 2024. The product, which helps reduce blood alcohol content and boost clarity, received positive feedback at a Luke Bryan concert and is expanding into multi-channel distribution. The company anticipates having $10 million in retail sales worth of inventory ready next month.
December 11, 2023 | 1:38 pm
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Safety Shot, Inc.'s product sold out on its first day online and previously on Amazon, indicating strong consumer demand. The company is increasing production to meet this demand, with significant inventory expected soon.
The sell-out of Safety Shot's product on its first day of sales and the positive consumer response suggest a strong market demand for the product. This, coupled with the company's plans to ramp up production and expand distribution channels, is likely to be viewed positively by investors and could lead to a short-term increase in the stock price.
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IMPORTANCE 90
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