Safe Supply Streaming Stock Price, News & Analysis

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.

Safe Supply Streaming Co announces a strategic partnership between its portfolio company, Safety Strips Tech Corp, and Greenlane Holdings (NASDAQ: GNLN) for the distribution of Toxi Shield iodine tablets. The tablets, manufactured in a GMP-certified facility in the USA, are designed to protect the thyroid gland during radiation emergencies.

The agreement, dated November 7, 2024, grants Greenlane exclusive distribution rights globally. This collaboration aligns with recent directives from Swedish and Norwegian governments regarding potassium iodide tablet supplies and addresses growing concerns about nuclear safety and emergency preparedness.

Safe Supply Streaming Co (CSE: SPLY) has appointed Jordan Greenberg as its new Chief Financial Officer, effective December 3, 2024. Greenberg, a seasoned financial executive with extensive public company experience, replaces outgoing CFO Geoff Kritzinger. The leadership change comes as the company strengthens its position in the medical technology sector, particularly focusing on harm reduction tools following the acquisition of Drug Lab 118. The company's portfolio includes Safety Strips Tech Corp. and drink spike tests, marking its strategic shift into medical technology and public health solutions.

Safe Supply Streaming Co (SSPLF) has completed the acquisition of Drug Lab 118 in an all-share transaction, issuing 10 million common shares at $0.05 per share. The acquisition includes Drug Lab US's proprietary harm reduction test strips, strengthening Safe Supply's position in North American markets. The shares are subject to resale restrictions over 12 months, with one-third becoming tradeable at 4, 8, and 12-month intervals. Additionally, 1 million shares were issued as a finder's fee. Seymour Paul Ferreira joins Safe Supply's board, bringing health-tech expertise. The global drug testing and harm reduction market is projected to reach $11.83 billion by 2028 with a 5.0% CAGR.

Safe Supply Streaming Co. announces updates on its portfolio company Safety Strips Tech Corp., which has secured an exclusive U.S. distribution agreement with Greenlane Holdings Inc. for its proprietary test strips. The products detect substances like fentanyl and xylazine, addressing the opioid crisis through affordable testing solutions. The ISO 13485 validated Fentanyl Test Strip can detect trace amounts of synthetic opioids within five minutes. The company plans to expand distribution through universities and government programs, leveraging partnerships to maximize market reach of these high-margin products.

Safe Supply Streaming (SSPLF) has signed a definitive agreement to acquire 100% of Drug Lab 118 through a share purchase valued at $0.05 per share, totaling 10,000,000 common shares. The acquisition enhances Safe Supply's portfolio of proprietary products in the medical testing and harm reduction sector. The deal includes contractual resale restrictions over 12 months and the issuance of 1,000,000 finder fee shares. Drug Lab US brings expertise in harm reduction test strips development, strengthening Safe Supply's position in the North American market. The integration aims to address growing regulatory requirements and consumer safety needs in the rapidly expanding harm reduction market.

Safe Supply Streaming Co. (SSPLF) has announced two strategic developments with Safety Strips Tech Corp: a non-binding LOI to acquire the remaining interest for 100% ownership through an all-share transaction, and the issuance of a $50,000 promissory note at 5% interest for working capital. Safety Strips is a medical testing company specializing in harm reduction products, including test strips for detecting illicit substances. The acquisition complements Safe Supply's recent Drug Lab acquisition and provides near-term revenue opportunities through existing distribution agreements. Safe Supply currently holds 3,500,000 shares of Safety Strips, with the final consideration to be determined after due diligence.