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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
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Smart for Life, Inc. (Nasdaq: SMFL) announced a 1-for-3 reverse stock split to maintain compliance with the minimum bid price requirement for its common stock on the NASDAQ Capital Market and attract more investors. The split is part of a larger strategic plan to support future acquisition financings and achieve $100 million in annualized revenues.
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Nasdaq: SMFL - Smart for Life, Inc. Expands Distribution with Vitacost.com, a Subsidiary of The Kroger Co., Adding 19 Greens First Products to Online Platform
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Smart for Life, Inc. (Nasdaq: SMFL) has announced a distribution agreement with Boxout for nationwide distribution of Sports Illustrated Nutrition products through fitness chains like Equinox, YMCA, and LA Fitness. The product line includes whey protein powder, joint health, pre-workout and post-workout blends, omega-3 supplements, and protein bars.
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Smart for Life, a global leader in the Health & Wellness sector, has announced an agreement with Two Hands Corporation, a leading distributor of food related products in Canada. The agreement is expected to significantly expand Smart for Life's audience of consumers by adding additional distribution partners and retail channels. The partnership aims to reach $100 million in revenue and will result in initial shipments of products into Canada starting in Q3 2023.
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Ryan Zackon has joined the board of Maccabi USA, bringing his experience as the former CEO of Smart For Life Inc. and his success in the nutraceutical industry. He recently represented the USA at the 21st Maccabiah Games in Israel, winning a Bronze Medal in Cycling. Mr. Zackon is also involved in various Jewish organizations and foundations.
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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
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