Jupiter Wellness Responds to Frivolous Claims Made by FSD Pharma and Unauthorized Tagging of its Stock.

JUPITER, FL, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Jupiter Wellness, Inc. (NASDAQ:JUPW), a diversified company that supports health and wellness, announced it has retained Gusrae, Kaplan, Nusbaum PLLC as its securities litigation firm to investigate frivolous claims, allegations and the unauthorized tagging of its stock by FSD Pharma on August 25, 2023. Jupiter Wellness acquired the asset Safety Shot, from GBB Drink Lab who in May 2023 filed a $53 million dollar lawsuit against FSD Pharma. Jupiter Wellness is not a party to such action.

"We do not comment on frivolous claims or pending litigation, however, be assured we will use every remedy under the law to protect Jupiter Wellness and its shareholders against these purposeful violations and attempts to harm Jupiter Wellness and its shareholders. We look forward to the outcome of GBB's lawsuit being settled in a court of law." stated Jupiter Wellness CEO Brian John.

About Jupiter Wellness

Jupiter Wellness is a diversified company that supports health and wellness by researching and developing over-the-counter (OTC) products and intellectual property. The Company's product pipeline addresses a range of conditions, including hair loss, psoriasis, and vitiligo. Revenue is generated through the sales of OTC and consumer products and licensing royalties.

Interested investors and shareholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at https://jupiterwellness.com/email-alerts/ and by following Jupiter Wellness on Twitter and LinkedIn.

Forward Looking Statements

This communication contains forward-looking statements regarding Jupiter Wellness, including, the anticipated timing of studies and the results and benefits thereof. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are based on each of the Company's current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond Jupiter Wellness' control. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties and other risks and uncertainties affecting Jupiter Wellness and, including those described from time to time under the caption "Risk Factors" and elsewhere in Jupiter Wellness' Securities and Exchange Commission (SEC) filings and reports, including Jupiter Wellness' Annual Report on Form 10-K for the year ended December 31, 2023 and future filings and reports by Jupiter Wellness. Moreover, other risks and uncertainties of which Jupiter Wellness is not currently aware may also affect Jupiter Wellness forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. Investors are cautioned that forward-looking statements are not guarantees of future performance. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by Jupiter Wellness on its website or otherwise. Jupiter Wellness undertakes no obligation to update or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made.

Jupiter Wellness Media Contact:

Phone: 561-244-7100

Email: [email protected]

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