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SMART FOR LIFE INC - SMFL STOCK NEWS

Welcome to our dedicated page for SMART FOR LIFE news (Ticker: SMFL), a resource for investors and traders seeking the latest updates and insights on SMART FOR LIFE stock.

Smart for Life, Inc. (NASDAQ: SMFL) is a leading health and wellness company renowned for its innovative Smart for Life® Cookie Diet. Founded by Dr. Sasson Moulavi, a bariatric physician, the company is dedicated to helping clients across the U.S. and Canada achieve their weight loss and health goals while making a positive environmental impact. Over the past seven years, Smart for Life® has assisted hundreds of thousands of individuals in losing weight, enhancing their health, appearance, and overall happiness.

Smart for Life® products are crafted using pesticide-free organic ingredients and triple-filtered water, ensuring the highest quality and safety standards. The company adheres to the guidelines of the American Society of Bariatric Physicians (ASBP), a 50-year-old organization dedicated to teaching physicians the fundamentals of weight loss.

In addition to its flagship cookie diet, Smart for Life, Inc. is deeply involved in the development, marketing, manufacturing, acquisition, operation, and sale of a wide range of nutritional and related products. The company provides contract manufacturing services, producing and packaging nutraceutical products for various clients. This diversified approach enables Smart for Life to generate substantial revenues and maintain a strong position in the health and wellness industry.

Recent achievements include a profitable acquisition expected to contribute more than $8 million in annualized revenue and over $1 million in adjusted EBITDA. This strategic move underscores the company's commitment to growth and operational excellence.

Latest news highlights include:

  • CEO's discussion on the profitable acquisition expected to significantly enhance revenue and EBITDA
  • Participation in SupplySide East, where industry leaders gather for networking and education to drive product innovation
  • Material loss reductions and the transformation of the company’s balance sheet, with updates on timing for Form 10-K and Form 10-Q
  • White paper detailing recent trends and analysis in the growing nutraceutical industry
  • Company representatives exploring strategies for emerging growth companies in the health & wellness sector
News

Smart for Life Announces 1-for-7 Reverse Stock Split

Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) announced a 1-for-7 reverse stock split of its common stock to maintain compliance with Nasdaq's minimum bid price requirement and attract investors. The split will be effective on April 22, 2024, with the common stock continuing to trade under the symbol 'SMFL'. The move is part of a strategic plan to support future acquisition financings.
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Smart for Life to Sponsor Industry Event “What’s Up with Supps” at SupplySide East

Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) sponsors the 'What’s Up with Supps' industry event at SupplySide East, gathering health and nutrition industry leaders for networking and education. The event aims to foster connections, raise funds for Vitamin Angels, and support industry growth and innovation.
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Smart for Life Releases Corporate Video on Definitive Agreement to Acquire Purely Optimal Nutrition

Rhea-AI Summary
Smart for Life, Inc. CEO, Darren Minton, announced the acquisition of Purely Optimal Nutrition, a nutraceuticals company, aiming to boost annual revenue by $8 million and adjusted EBITDA by over $1 million. The acquisition is part of Smart for Life's M&A strategy to expand its presence in the Health & Wellness sector.
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Smart for Life Announces Definitive Agreement to Acquire Purely Optimal Nutrition, a Premier North American Nutraceutical Company

Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) announces the acquisition of Purely Optimal Nutrition, expecting over $8 million in annualized revenue and $1 million in Adjusted EBITDA. The acquisition aims to enhance product offerings, accelerate revenue growth, and establish Smart for Life as a major player in the Health & Wellness sector.
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Smart for Life Appoints Nutraceutical Industry Veteran Heather Granato to the Company’s Advisory Board

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Smart for Life, Inc. appoints Heather Granato, a 30-year veteran of the nutraceutical industry, to its advisory board. Ms. Granato brings extensive industry experience, a background in journalistic outreach, and a commitment to promoting equality in the nutraceutical sector. She is also the co-founder of Women In Nutraceuticals (WIN), a non-profit organization supporting women in the industry.
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Smart for Life Appoints Prominent Industry Executive Loren Brown to Company’s Board of Directors

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Smart for Life, Inc. appoints Loren Brown to the Board of Directors to enhance acquisition pipeline and business development. Brown brings extensive industry experience and network to support the company's expansion strategy in the Health & Wellness sector.
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Smart for Life Announces Selection of SGS Nutrasource to Support Global Strategic Expansion

Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) has selected SGS Nutrasource to assist in regulatory compliance and product development for its nutritional supplements and foods as the company accelerates its M&A activity. The partnership aims to expand product lines, register new products in key markets, and drive shareholder value. SGS Nutrasource, a premier global contract research organization, will provide expertise in global regulatory compliance, product claims support, clinical trials, and product testing for dietary supplements, foods, and beverages. Smart for Life's management is optimistic about significant growth in 2024 and aims to reach $100 million in annualized revenue over the next year and $300 million in revenue by 2026.
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Smart for Life Announces Completion of Audit for Pending Acquisition

Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) expects to acquire a premier eCommerce nutraceuticals company, contributing over $8 million of annualized revenue and positive net income. The acquisition is subject to financing and customary closing conditions, with the company aiming to close in early 2024. Smart for Life plans to migrate the contract manufacturing of the acquisition to its facilities, expecting to realize additional economic benefits. The acquisition's management team has built a strong brand with a loyal customer base, presenting opportunities for substantial brand extensions.
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Smart for Life Names Two Executives to Senior Management Team

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Smart for Life, Inc. (Nasdaq: SMFL) has expanded its management team to enhance its capabilities for increased capital markets and M&A activity. The Company aims to complete two material acquisitions representing approximately $25 million in revenue and execute a material restructuring program in Q1. The additions to the management team include Mark Beychok, Executive Vice President, and Jessica Walters, Senior Vice President of Marketing.
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Smart for Life Announces LOI to Acquire State-of-the-Art Manufacturer of Vitamins and Supplements

Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) has executed a Letter of Intent to acquire a manufacturer of vitamins and supplements, expecting to add an estimated $20 million of revenue on a pro forma basis. The acquisition aligns with the company's M&A strategy in the nutraceutical space and aims to bring significant manufacturing capabilities in the health and wellness sector. Smart for Life is targeting $100 million in revenue, and this acquisition is expected to be the largest to date.
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FAQ

What is the current stock price of SMART FOR LIFE (SMFL)?

The current stock price of SMART FOR LIFE (SMFL) is $0.012 as of December 23, 2024.

What is the market cap of SMART FOR LIFE (SMFL)?

The market cap of SMART FOR LIFE (SMFL) is approximately 21.6K.

What is the Smart for Life® Cookie Diet?

The Smart for Life® Cookie Diet is a weight loss program designed by Dr. Sasson Moulavi that uses specially formulated cookies to help individuals lose weight and improve their health.

Who founded Smart for Life, Inc.?

Smart for Life, Inc. was founded by Dr. Sasson Moulavi, a bariatric physician with expertise in weight loss.

What are the core business activities of Smart for Life, Inc.?

Smart for Life, Inc. is involved in the development, marketing, manufacturing, acquisition, operation, and sale of nutritional and related health products.

How does Smart for Life ensure the quality of its products?

Smart for Life uses pesticide-free organic ingredients and triple-filtered water to produce its food, adhering to the highest quality and safety standards.

What recent achievement has significantly impacted the company's revenue?

A recent profitable acquisition is expected to contribute more than $8 million in annualized revenue and over $1 million in adjusted EBITDA.

Where does Smart for Life operate?

Smart for Life operates primarily in the U.S. and Canada.

What guidelines does Smart for Life follow for its weight loss programs?

Smart for Life follows the guidelines of the American Society of Bariatric Physicians (ASBP) in its weight loss programs.

What sort of products does Smart for Life manufacture?

Smart for Life manufactures nutraceutical products and provides contract manufacturing services for various health and wellness products.

What was discussed at the SupplySide East event?

At SupplySide East, industry leaders discussed networking, education, and strategies to fuel product innovation in the health and nutrition sectors.

What recent documents have been released by Smart for Life for investor updates?

Smart for Life has provided updates on the timing for Form 10-K and Form 10-Q, along with a white paper detailing trends in the nutraceutical industry.

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SMART FOR LIFE INC

Nasdaq:SMFL

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SMFL Stock Data

21.62k
6.92M
2.41%
0.64%
122.97%
Packaged Foods
Medicinal Chemicals & Botanical Products
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United States of America
MIAMI