SMART FOR LIFE INC - SMFL STOCK NEWS

Smart for Life Announces Conference Participation

On April 24, 2023, Smart for Life, Inc. (Nasdaq: SMFL) revealed its invitation to present at the 'Lassoing the Big Apple' conference hosted by MicroCap Rodeo on May 16-17, 2023, at the New York Hilton Midtown. The event aims to enhance outreach activities to raise awareness of the company.

During the conference, management will conduct one-on-one meetings with qualified investors. Interested parties can request invitations or schedule meetings by contacting the company.

Smart for Life is focused on developing and marketing nutritional foods and supplements globally, targeting significant growth through its Buy-and-Build strategy, aiming to generate $300 million in revenues by Q4 2026. The company operates five subsidiaries and continues to expand its offerings.

Smart for Life (Nasdaq: SMFL) announced a 1-for-50 reverse stock split effective April 24, 2023. This move aims to comply with NASDAQ's minimum bid price requirement and enhance the attractiveness of its shares to investors. The reverse split is part of a broader strategic plan supporting future acquisitions, as the company anticipates multiple accretive deals in its pipeline. CEO Darren Minton highlighted the necessity of this restructuring in light of the overall reduction in market values over the past year. The company aims to grow annual revenues to over $100 million within the next year, targeting $300 million by 2026. Smart for Life operates several subsidiaries and is engaged in the health and wellness sector.

Smart for Life (Nasdaq: SMFL) announced a pending acquisition projected to generate over $10 million in revenue and be accretive to earnings. The target also reported an EBITDA exceeding $2 million for the past twelve months, aligning with the company’s Buy-and-Build strategy. The acquisition process is nearing completion with due diligence finalized and formal audits underway, with the expectation of closing within thirty days.

The integration will enhance contract manufacturing efficiencies, presently costing over $5 million annually, by migrating operations to Smart for Life’s Miami facility. This acquisition is deemed a significant step toward achieving the company's goal of $100 million in annualized revenues in 2023.

Smart for Life, Inc. (Nasdaq: SMFL) has announced the launch of its first national TV commercial, aimed at increasing brand awareness and showcasing its wide range of nutritional products, including vitamins and health bars. This commercial will be featured across various television and online platforms, emphasizing the growing demand for health solutions in a post-Covid environment. CEO Darren Minton highlighted that the initiative targets both consumers and potential investors, aspiring to broaden the company's market reach in the health and wellness sector. The commercial can be accessed on the company's new media-focused website, www.smfl.tv.

Smart for Life, Inc. (Nasdaq: SMFL) released a video report by Founder and Chairman A.J. Cervantes, Jr., outlining the company's progress in the past year and its future outlook. The video discusses key achievements, acquisitions, and the company’s growth initiatives, including a pipeline for acquisitions and breakeven metrics. Smart for Life aims to generate $300 million in revenues by Q4 2026 through strategic acquisitions and product development. The report contains forward-looking statements regarding the company's projected growth and opportunities in the Health & Wellness sector. For detailed insights, access the video report here.

Smart for Life, Inc. (Nasdaq: SMFL) announced a remarkable 96.9% revenue increase for 2022, totaling $17.8 million, driven by strategic acquisitions. Despite challenges, the company remains optimistic about future growth, targeting $100 million in annual revenues in the next year and $300 million by Q4 2026 through additional acquisitions. However, the company reported a net loss of $30 million, attributed mainly to increased interest expenses and operational costs. A report on the 2023 outlook is scheduled for April 3, 2023, promising insights into acquisition progress and future initiatives.

Smart for Life, Inc. (Nasdaq: SMFL) recently announced a pivotal Boxout distribution agreement via its Greens First subsidiary, marking a significant growth driver for the company. CEO Darren Minton emphasized the importance of this agreement, which was engineered by Greens First CEO Ryan Benson. The video presentation featuring Benson outlines the partnership's details, aiming to bolster investor interest. Smart for Life plans to pursue a buy-and-build strategy with the goal of aggregating companies that can generate $300 million in revenues within the next three years. The company's current structure includes five subsidiaries focused on health and wellness.

Smart for Life, Inc. (Nasdaq: SMFL) announced a new distribution agreement with Boxout, LLC to enhance the availability of its Greens First product line. This initiative, facilitated through Ceautamed Worldwide LLC, will leverage Boxout's established distribution channels, particularly in medical and wellness sectors. The partnership aims to optimize the distribution strategy cost-effectively. Both companies are also set to launch new e-commerce initiatives across various marketplace platforms. This expansion is part of Smart for Life's broader strategy focused on growth and profitability.

Smart for Life, Inc. (Nasdaq: SMFL) announced the publication of its updated investor fact sheet for H1 2023, highlighting the growth potential in the nutraceutical industry, projected to reach $720 billion by 2027. The company is leveraging a buy-and-build M&A strategy focused on vertical and horizontal integration, aiming to aggregate companies generating a minimum of $300 million in revenues within the next three years. The updated fact sheet serves as a resource for both existing shareholders and prospective investors, reflecting the company's commitment to enhancing investor awareness and providing current information through its corporate website.