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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
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) announced that accredited investors will exercise outstanding warrants to purchase 877,001 shares of common stock at a reduced price of $1.77 per share, resulting in expected gross proceeds of approximately $1.5 million. The net proceeds will be used for working capital and general corporate purposes.
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Smart for Life, Inc. (Nasdaq: SMFL) will undergo a 1-for-3 reverse stock split to maintain compliance with Nasdaq's minimum bid price requirement and attract investors. The split is also part of a strategic plan to support future acquisition financings.
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Smart for Life appoints Alicia R. Crockett to advisory board
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Smart for Life appoints Cindy Brynteson to advisory board in the Health & Wellness sector
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Smart for Life appoints Stuart Benson to advisory board, targeting larger and more profitable companies
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Smart for Life reports balance sheet transformation with debt to equity conversion and improved stockholders' equity. Loss for the six-month period decreases from $20.0 million to $8.5 million. Revenue decreases to $2.3 million from $4.3 million in Q2 2023. Gross profit decreases to $742 thousand from $1.8 million. Net loss attributable to common shareholders increases to $4.2 million from $3.5 million. Adjusted EBITDA loss increases to $2.6 million from $1.9 million in Q2 2022.
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Smart for Life, Inc. announces that their line of high protein, high fiber Ice Kreem bars are now available for delivery in the greater New York City area through popular delivery apps such as Uber Eats, DoorDash, and Grubhub. The bars are gluten-free, low in sugar, and come in flavors like Vanilla-Chocolate, Cookies & Cream, and Strawberry. They are designed to provide sustained energy on the go and support muscle recovery, health management, and healthy digestion.
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Smart for Life, Inc. (Nasdaq: SMFL) announced that its subsidiary, Ceautamed Worldwide LLC, will showcase its newly launched Greens First protein bars at The National Convention by the Florida Chiropractic Association, the world's largest event for the chiropractic industry. The event is expected to have over 3,000 attendees and 380 exhibitors. The protein bars will be available for sampling at the Greens First booth #911.
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Smart for Life, Inc. provides a recap of its activities year-to-date, highlighting five major acquisitions and various distribution agreements. The CEO believes their proactive strategy is working and positions the company for global success.
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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 $0.045 as of November 21, 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.

SMART FOR LIFE INC

Nasdaq:SMFL

SMFL Rankings

SMFL Stock Data

21.62k
6.92M
2.41%
1.05%
122.97%
Packaged Foods
Medicinal Chemicals & Botanical Products
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United States of America
MIAMI