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Safety Strips Tech Corp. is a portfolio company of Safe Supply Streaming Co. Ltd. (CSE: SPLY | OTCQB: SSPLF), which currently has 77,523,225 shares outstanding and owns 7% of Safety Strips Tech Corp.
To learn more about Safety Strips Tech Corp., please click here to visit their website.
For further due diligence on Safety Strips Tech Corp.’s 7% shareholder, Safe Supply Streaming Co. Ltd. (CSE: SPLY | OTCQB: SSPLF), click here. Below are their three latest news releases:
August 14, 2024 – Safe Supply Commends U.S. Government for Historic New Legislation Mandating Drug Detection Kits, Announces Commercial Acceleration of Drink Spike — click here
August 13, 2024 – Safe Supply Streaming Corp. (SPLY) Announces Landmark USA Expansion of Portfolio Company, Safety Strips Tech Corp., in Partnership with Greenlane Holdings, Inc. — click here
May 7, 2024 – Safe Supply Streaming Portfolio Company, Safety Strips, Provides Corporate Update — click here
We found the most recent news release, titled Safe Supply Commends U.S. Government for Historic New Legislation Mandating Drug Detection Kits, Announces Commercial Acceleration of Drink Spike, particularly noteworthy:
New Legislation in California: As of July 1, 2024, bars and nightclubs in California must offer test kits for detecting date rape drugs. This law impacts approximately 2,400 establishments with a Type 48 license and remains in effect until January 1, 2027.
Safety Strips’ Market Readiness: Safety Strips is the first company to achieve mass-scale readiness in California, positioning itself as a leader in providing drug detection kits under the new regulations.
Commercial Acceleration of Drink Spike: Safe Supply is accelerating production of Safety Strips’ Drink Spike test strips to meet the anticipated demand surge from businesses required to comply with the new law.
Investment and Market Opportunity: The new legislation, alongside Safety Strips’ strategic positioning, presents a significant investment opportunity, especially in trend-setting California. Safety Strips’ technology has the potential for nationwide expansion.
Strategic Partnership with Greenlane Holdings: Safety Strips has secured a major distribution deal with Greenlane Holdings, Inc., ensuring the widespread availability of Drink Spike test strips throughout California.
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