Safe Supply Streaming Stock Price, News & Analysis

Safe Supply Streaming Co. Ltd. (OTCQB: SSPLF) has announced significant changes to its Board of Directors. The company has appointed Olympic Gold Medalist Donovan Bailey and former Unifor National President Jerry Dias as new board members, effective immediately. Bailey brings 25 years of leadership experience in business and charitable ventures, while Dias contributes extensive expertise in labor leadership and stakeholder advocacy, having represented over 315,000 workers. Concurrent with these appointments, CEO Bill Panagiotakopoulos will step down from the Board while maintaining his executive role.

Safety Strips Tech has secured an exclusive supply agreement with a leading First Nations distributor to provide fentanyl detection kits across Indigenous communities in Canada. The first shipment of 10,000 units is already in progress, marking the beginning of a strategic partnership aimed at addressing the critical opioid crisis.

The agreement positions Safety Strips as the sole supplier of fentanyl test kits through this distributor, targeting communities where First Nations individuals face opioid-related deaths at approximately four times the national average. The partnership extends beyond immediate harm reduction, encompassing potential expansion into additional products like drink spike test kits.

This collaboration represents both immediate revenue generation and significant social impact, aligning with ESG investment themes and public health priorities. The deal establishes Safety Strips as a first mover in the Indigenous harm reduction market, creating a foundation for broader North American expansion.

Safe Supply Streaming Co (OTCQB: SSPLF) has announced significant board changes, with Tony Clement joining as a director and audit committee chair. Clement brings extensive experience from his roles as former Health Minister, Industry Minister, and Treasury Board President in Prime Minister Harper's Cabinet (2006-2015).

The company also reported the resignation of board members Najla Guthrie and Dr. James Obaji. Additionally, Safe Supply has granted 16.5 million stock options to directors, officers, and consultants, exercisable at $0.075 per share over five years, with vesting in equal installments over 36 months.

The company has also announced plans for a non-brokered private placement to raise working capital.

Safe Supply Streaming Co (SSPLF) has completed its acquisition of Safety Strips Tech Corp., a private company specializing in harm reduction products, through a three-cornered amalgamation. The deal involved issuing 74,000,000 common shares to Safety Strips shareholders at an exchange ratio of 1.2748 Safe Supply shares for each Safety Strips share.

The company also entered into a consulting agreement with Raf Souccar, featuring a monthly fee of $7,500, potentially payable in shares, which will increase to $10,000 following post-amalgamation financing. Additionally, Safe Supply issued 3,700,000 finder fee shares and 1,502,000 shares to settle $90,120 in debt. Following the transaction, Safe Supply has 165,325,225 total shares outstanding.

The acquired shares are subject to contractual resale restrictions, with one-third being released after four, eight, and twelve months following the amalgamation close or upon filing a Business Acquisition Report.

Safe Supply Streaming Co (CSE: SPLY) (OTCQB: SSPLF) has announced a new initiative to donate fentanyl test kits to media offices. The company's Safety Strips product allows quick detection of fentanyl, xylazine, and drink-spiking substances in real-time.

This initiative comes following the tragic death of Telemundo reporter Adan Manzano during Super Bowl weekend in New Orleans, where authorities suspect a drug-related incident. The company aims to support journalists, event organizers, and nightlife professionals with harm reduction tools.

Media offices can request free kits by contacting Nikhil Karani at info@safesupply.com. The technology is designed to be portable, discreet, and easy to use, particularly targeting high-risk environments such as nightlife venues, music festivals, college campuses, and major events.

Safe Supply Streaming Co (SSPLF) has announced a definitive agreement to acquire the remaining 94.31% of Safety Strips Tech Corp. through a three-cornered amalgamation. Under the transaction, Safety Strips shareholders will receive 1.2748 Safe Supply common shares for each Safety Strips share held.

The company also appointed Raf Souccar, former Deputy Commissioner of Federal and International Policing in the RCMP, as a new director effective February 10, 2025. Souccar, who served on the Marijuana Legalization Task Force in 2016, will provide consulting services in governance and strategic advisory.

The acquisition strengthens Safe Supply's position in harm reduction and medical technology sectors, particularly in fentanyl and xylazine detection test strips and drink spike detection technology. The company has established revenue channels in California through drink spike test sales and implements a direct-to-consumer e-commerce strategy alongside direct-to-retail distribution.

Safe Supply Streaming Co (SSPLF) announces its position as one of the first public companies fighting the fentanyl crisis following its acquisition of Drug Lab 118 and its distribution rights to proprietary fentanyl test kits. The company, through its pending acquisition of Safety Strips Tech Corp., aims to lead in fentanyl trafficking prevention and overdose detection through retail distribution and education.

The company's strategy aligns with current trade policies and border security initiatives, particularly as fentanyl becomes a central issue in North American trade relations. Safe Supply's test kits are designed for law enforcement, border security, retailers, and consumers. Safety Strips has spent two years developing supply chains for fentanyl and drink-spiking detection kits, focusing on providing solutions to law enforcement, retailers, and consumers.

Safe Supply Streaming Co. (CSE: SPLY) (FSE: QM4) (OTCQB: SSPLF) announced the resignation of Brian Tanner from its Board of Directors on December 17, 2024. The company's board is evaluating options regarding future board composition and will announce any replacement when identified. CEO Bill Panagiotakopoulos stated that the company continues to focus on reviewing investments in emerging tech and medical testing companies while addressing healthcare challenges.