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Investor Conference Highlights New Strategic Directions for Addressing Opioid Crisis

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Safe Supply Streaming has provided an update on Safety Strips, its recent acquisition. Read on for more about how this impacts the company's battle against the opioid crisis.

Safe Supply Streaming Co Ltd. (CSE: SPLY) (FSE: QM4) (OTCQB: SSPLF) has provided an update on Safety Strips, its recent acquisition, following a detailed presentation by Geoff Benic at an investor conference in New York. Benic, CEO of Safety Strips, shared insights into the company’s strategies to combat the opioid crisis, with a particular focus on the burgeoning fentanyl overdose issue.

Safety Strips is enhancing its market strategy to broaden its impact significantly. At the forefront of this strategy is its effort to engage Consumer Packaged Goods (CPG) clients, aiming to build a diverse and robust client base. This initiative is seen as crucial for the company’s growth and influence in the health and safety industry.

During the presentation, Benic highlighted the company’s proactive steps in refining its product packaging to meet industry standards and better address consumer needs. These improvements are expected to boost user safety and enhance the overall consumer experience.

Why Health and Safety

The sector has been seeing a bright future lately. On May 8, Yahoo! Finance wrote of the health and safety industry, "The global environment, health, and safety (EHS) market is poised for substantial growth, with projections positioning its valuation at US$7.9 billion to US$11.5 billion from 2024 to 2029, exhibiting a robust compound annual growth rate (CAGR) of 7.6%."

Fidelity echoes these sentiments and points to new developments across the industry as driving forces. They wrote on February 13, "After a period of lagging the broader market, valuations across much of the sector were recently at attractive levels — creating some interesting potential opportunities."


The strategic sales efforts of Safety Strips are central to its growth strategy. By actively engaging CPG clients, Safety Strips aims to diversify its outreach and establish a strong foothold in the market. This approach is part of a broader effort to increase the company’s influence and operational capacity in addressing drug safety concerns.

Moreover, the company is focused on regulatory compliance and maintaining high standards of quality and safety in its products. These efforts are aligned with its goal of gaining and retaining trust from consumers and stakeholders in a market that is increasingly sensitive to health and safety regulations.

Market Need, the company's website, offers numbers to ponder. British Columbia has emerged as a leader in progressive drug policies, investing over CA$1 billion in 2023 to combat the toxic drug supply and implementing initiatives like drug-checking services and overdose prevention sites. This proactive approach has created a burgeoning market opportunity in the province, particularly in safely supplied substances such as cocaine, which now represents a US$3.2 billion per year opportunity.

Globally, the fentanyl crisis continues to escalate, with the United States alone reporting 74,000 fentanyl-related deaths in 2022. The legalization of fentanyl test strips in most U.S. states, previously considered drug paraphernalia, marks a significant policy shift. 

The market for these test strips is projected to grow to US$12.64 billion globally by 2030, indicating a substantial demand for products that can help mitigate the risks associated with opioid use.

As the landscape for drug policies and the war on drugs evolves, Safe Supply's approach not only addresses immediate market needs but also positions the company as a potential leader in shaping a safer and more regulated environment for substance use. This aligns with broader societal shifts toward harm reduction and better management of substance-related health issues.

streetwise book logoStreetwise Ownership Overview*

Safe Supply Streaming Co. Ltd (SPLY:CSE; SSPLF:OTCQB; QM4:FSE)

*Share Structure as of 3/11/2024

Ownership and Share Structure

According to Reuters, Safe Supply Streaming has 73.92 million (73.92M) shares outstanding and 71.23M free float traded shares.

The company reported that over 50% of Safe Supply is with strategic investors and held by family offices and large shareholders. One of these offices includes Jonathan Goldman, who was an early backer of Canopy Growth and the cannabis Wave.

The rest is in retail.

Safe Supply has a market cap of CA$9.92M, Reuters reports.

Its 52-week trading range is CA$0.07–0.37 per share.

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Important Disclosures:

  1. Safe Supply Streaming Co. Ltd has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Safe Supply Streaming Co. Ltd.
  3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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