Safety Shot Inc. ( SHOT ) shares traded lower on Monday after the company’s CEO provided several business updates about its production, distribution and revenue traction.

What To Know: The company launched its Sure Shot product on Amazon in November 2023, which sold out within a few hours. The company then launched it on its own e-commerce channel in January 2024.

Safety Shot ( SHOT ) believes this is indicative of high demand for beverage solution designed to enhance health and wellness.

The company also announced its positive findings from a human clinical trial of Sure Shot published in a peer-reviewed article titled, “A Novel Blend of Dietary Ingredients Mitigates Blood and Breath Ethanol Levels After Acute Alcohol Intake,” in the Journal of Nutrition and Dietary Supplements.

Furthermore, the company announced a spin-off of its Caring Brands division and will distribute two million shares to Safety Shot ( SHOT ) shareholders. It also highlighted its On the Go Stick Pack, which will launch with two flavors and additional options in the Sure Shot lineup.

SHOT Price Action: Safety Shot ( SHOT ) shares were down 12.05% at 36 cents at market close Monday, according to data from Benzinga Pro.

See Also:

• Hut 8 Shares Are Down Today: What’s Going On?