Smart for Life to be Featured in Whole Foods Magazine Highlighting Product Offerings, Strategic Acquisitions and Expansion Initiatives
Company Representatives to Explore Strategies for Emerging Growth Companies in the Health & Wellness Sector
MIAMI, May 31, 2024 (GLOBE NEWSWIRE) — 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, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com
