Smart for Life to be Featured in Whole Foods Magazine Highlighting Product Offerings, Strategic Acquisitions and Expansion Initiatives
01 June 2024 - 2:00AM
Smart for Life, Inc. (Nasdaq: SMFL), a prominent leader in the
Health & Wellness sector specializing in the marketing and
manufacturing of nutritional supplements and foods worldwide,
announced its upcoming feature in Whole Foods Magazine. The feature
will spotlight Smart for Life's strategic focus on consolidating
small to medium-sized businesses to drive revenues and earnings
through the Company’s comprehensive operations in manufacturing,
logistics, marketing, and sales.
Whole Foods Magazine, a respected publication in
the Health & Wellness sector, will detail Smart for Life's
ambitious growth strategy aimed at enhancing its capabilities and
market reach. By targeting acquisitions pursuant to the Company’s
Buy & Build business model, Smart for Life seeks to integrate
and bolster its service offerings thereby providing a robust
support system for nutraceutical businesses looking to scale and
succeed in a competitive market.
Darren Minton, CEO of Smart for Life, commented
on the feature, stating, “Our inclusion in Whole Foods Magazine
underscores our burgeoning profile in the nutraceutical industry.
By acquiring and integrating smaller businesses, we aim to create a
synergistic ecosystem that enhances our manufacturing, logistics,
marketing, and sales capabilities. This strategic approach not only
strengthens our market position but also validates our value to our
partners and customers.”
The podcast feature will explore how Smart for
Life's expansion strategy aligns with industry trends and addresses
the evolving needs of the Health & Wellness sector. The
Company’s efforts to streamline and enhance operational
efficiencies through strategic acquisitions are designed to foster
innovation and deliver superior value to consumers and investors
alike.
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is an
emerging growth company in the nutraceutical industry committed to
delivering innovative solutions that promote Health & Wellness.
With a focus on research-driven formulations and consumer-centric
approaches, Smart For Life is dedicated to redefining the
boundaries of nutritional science. The Company is engaged in the
development, marketing, manufacturing, acquisition, operation and
sale of a broad spectrum of nutritional and products. Structured as
a publicly held holding company, the Company is executing a
Buy-and-Build strategy with serial accretive acquisitions creating
a vertically integrated company. To drive growth and earnings,
Smart for Life is developing proprietary and related products as
well as acquiring other profitable companies, encompassing brands,
manufacturing and distribution channels. The Company recently
concluded the execution of a restructuring plan including
recapitalization of the Company with equity and debt financings,
the sale of certain non-performing assets, the sale and leaseback
of the Company’s 18,000 sq. ft. Doral manufacturing facility and
the successful liquidation of the Company’s senior debt facility.
In addition, the Company converted substantial debt obligations to
equity materially improving the Company’s balance sheet. The
Company has signed a definitive agreement for the acquisition of
Purely Optimal Nutrition, which is expected to add additional
revenue and EBITDA. For more information about Smart for Life,
please visit: www.smartforlifecorp.com.
Forward-Looking Statements
This press release may contain information about
our views of future expectations, plans and prospects that
constitute forward-looking statements. All forward-looking
statements are based on management’s beliefs, assumptions and
expectations of Smart for Life’s future economic performance,
taking into account the information currently available to it.
These statements are not statements of historical fact. Although
Smart for Life believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Smart
for Life does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. No assurances can be made that Smart for Life
will successfully acquire its acquisition targets. Forward-looking
statements are subject to a number of factors, risks and
uncertainties, some of which are not currently known to us, that
may cause Smart for Life’s actual results, performance or financial
condition to be materially different from the expectations of
future results, performance or financial position. Actual results
may differ materially from the expectations discussed in
forward-looking statements. Factors that could cause actual results
to differ materially from expectations include general industry
considerations, regulatory changes, changes in local or national
economic conditions and other risks set forth in “Risk Factors”
included in our filings with the Securities and Exchange
Commission.
Disclaimer
The information provided in this press release
is intended for general knowledge only and is not a substitute for
professional medical advice or treatment for specific medical
conditions. Always seek the advice of your physician or other
qualified health care provider with any questions you may have
regarding a medical condition. This information is not intended to
diagnose, treat, cure or prevent any disease.
Investor Relations Contact
Crescendo Communications, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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