Safe Supply Streaming Company Ltd (SSPLF)

[BokehRebl]

Acquisition of 7% Stake in (Fentanyl Safety Strips) Leading Harm Reduction Company Safety Strips Tech Corp. and Provides Corporate Update;

“… is thrilled to announce its recent acquisition of a 7% interest in Safety Strips Tech Corp. ("Safety Strips"), the pioneering harm reduction company. Under the visionary leadership of CEO Geoff Benic, Safety Strips has emerged as a leader in the harm reduction space, developing proprietary medical testing technologies including a market-leading fentanyl test strip. This acquisition marks a significant step forward in addressing the escalating overdose crisis, positioning Safe Supply Streaming at the forefront of the emerging medical testing market”

“ Geoff Benic, CEO of Safety Strips, has previously propelled Aleafia to a valuation nearing half a billion dollars and earned the title of 'TSX-V Company of the Year'. With its innovative approach to harm reduction, Safety Strips is working closely with blue-chip retailers to establish itself as the consumer packaged goods brand of choice in the medical testing industry. "With the Biden administration's recent regulatory changes reclassifying fentanyl test strips, we are at a pivotal moment in public health," said Benic. "Our mission is to commercialize our business effectively, making our life-saving technologies as ubiquitous as condoms were during the AIDS crisis. This partnership with Safe Supply Streaming will amplify our reach and impact, bringing critical harm reduction tools to a wider audience."

"Our investment in Safety Strips represents a key component of our value chain, delivering on the promise we made to our investors. We are not only looking at near-term revenue opportunities with Safety Strips' existing product line but are also excited about the growth potential in the medical testing field. Our plans for Safe Supply Streaming extend into medium-term projects like CannaLabs and other deals that are currently in the pipeline. Safety Strips' work, especially in the field of harm reduction and medical testing with products like Xylozen and date rape straws, is perfectly aligned with our vision."

https://finance.yahoo.com/news/safe-supply-streaming-announces-strategic-124000335.html