Safety Shot Expands with Top Executives to Boost Brand Growth
Safety Shot, a company that makes wellness drinks and dietary supplements, has announced some exciting changes.
Expert Help for Company Growth
Safety Shot is bringing in two experts to help them grow:
- Chip Quigley, the CEO of Kingdom Entertainment Group, who has over 20 years of experience in event planning.
- Ari Freedman, formerly of Surge Brands, who is skilled in brand development and distribution.
Chip Quigley has a track record of organizing famous events like the Jones Beach Concert Series and the Victoria's Secret TV specials. His expertise will help promote Safety Shot through unique events and smart marketing strategies.
Ari Freedman knows a lot about how brands grow and what market trends to follow. His experience will help Safety Shot reach more stores and customers.
Company Excitement
Josh Wagner, the Chief Revenue Officer of Safety Shot, said, "Their combined experience offers a fresh perspective on the brand and brings new growth opportunities."
Expanding in the Northeast
Safety Shot has started selling its products in New York and New Jersey by partnering with Prime CSB, a company that helps smaller businesses grow. They are also working with several other retailers like GoPuff and BevMo.
Introducing the Product
Safety Shot's main product is a wellness drink that helps reduce blood alcohol content and boosts your energy and mood. You can buy it online, and soon it will be available in various business-to-business sales channels next year.
New Funding and Plans
Safety Shot recently got $5 million in funding from Core 4 Capital Corp, selling 2.37 million shares at $2.11 each. This money will help them improve their flagship wellness drink. The company is also launching their product in a new, convenient 4-ounce bottle format, which will be available in convenience and liquor stores in the United States later this year.
Partnering with the Nelk Boys
Safety Shot has also teamed up with the Nelk Boys, a popular entertainment group. This partnership aims to increase awareness of the product.
Financial Health
- Market Cap: $59.01M
- Quarterly Revenue Growth (Q1 2023): 390.78%
- Previous Close Price: $1.14
Despite its small size, Safety Shot showed significant revenue growth, indicating that its strategies might be working.
What This Means for Investors
Safety Shot's stock is currently valued at $1.14. Investors should consider both its aggressive growth plans and its financial stability. The company has more cash than debt, which means it has a solid financial base to grow from.
Final Thoughts
Safety Shot is making significant moves with expert partnerships, new funding, and expansion into new markets. These steps aim to increase its presence and accessibility, making it a company to watch in the wellness industry.
