SMART FOR LIFE INC - SMFL STOCK NEWS

Smart for Life, Inc. (Nasdaq: SMFL) announced a non-binding Letter of Intent to acquire a premier eCommerce nutraceuticals company, aiming to enhance its market position in the Health & Wellness sector.

The target company generated over $15 million in revenue in the past twelve months and has been profitable. This acquisition is expected to be accretive to earnings and synergistic with Smart for Life's existing channels.

The deal reflects the company's ongoing aggressive M&A strategy aimed at reaching $100 million in revenue within the next year.

Smart for Life (Nasdaq: SMFL) is set to present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. CEO Darren Minton will speak on September 14 at 1:30 PM ET. The conference offers both virtual and in-person participation at the Lotte New York Palace Hotel. Registered attendees can access the presentation via the conference portal and find a replay on Smart for Life's Investor Relations website. The company aims to enhance growth through a series of acquisitions, targeting companies with revenues of at least $300 million in the next three years.

Smart for Life, Inc. (Nasdaq: SMFL) announced the appointment of Stuart Benson as Managing Director of its new subsidiary, Smart Acquisition Group, LLC. This move aims to enhance the company’s M&A strategy, enabling the identification and acquisition of larger, profitable companies. Smart for Life, recognized as a leader in the Health & Wellness sector, is focused on expanding through strategic acquisitions while targeting firms generating over $300 million in revenue over the next 36 months.

Smart for Life (Nasdaq: SMFL) has launched a new video series called “Director’s Forum”, featuring its board members discussing corporate strategies. The first episode highlights Ronald S. Altbach, an independent director since October 2020 and a seasoned capital markets executive. He emphasizes the board's role in driving company growth.

Smart for Life aims to consolidate companies generating at least $300 million in revenue over the next three years as part of its Buy-and-Build strategy.

Smart for Life (Nasdaq: SMFL) announced a remarkable 401.2% year-over-year revenue increase to $4.3 million for Q2 2022, attributed to its strategic acquisitions. The gross profit margin surged to 41.6% compared to 1.1% last year. The company's six-month revenues reached $8.7 million, a 512.7% increase, largely due to prior acquisitions. However, they reported a net loss of $3.4 million for Q2 and $20 million for six months, mainly due to higher administrative expenses. The company is focused on achieving $300 million in revenue within three years.

Smart for Life, Inc. (Nasdaq: SMFL) announces heightened investor engagement through the launch of an online investor fact sheet, aiming to enhance transparency. CEO Darren Minton emphasized the company's potential growth within the nutraceutical industry, projected to reach $720 billion by 2027. Smart for Life is committed to a buy-and-build strategy for expansion, integrating manufacturing and broadening its brand portfolio, including Greens First and Sports Illustrated Nutrition. The fact sheet serves as a valuable resource for current and prospective investors.

Smart for Life (Nasdaq: SMFL) reported a remarkable 171% increase in Amazon sales year-over-year, with record-breaking performance during Amazon Prime Day on July 12-13, 2022, achieving the highest sales ever for the company on this platform. CEO Darren Minton praised the team for this success, highlighting the company's growth through online sales as a key driver for organic growth. The company is also expanding its reach in international markets, including Southeast Asia, while preparing for the upcoming Amazon Fall Deal Event, further enhancing its brand awareness.

Smart for Life, Inc. (Nasdaq: SMFL) announced an upcoming conference call scheduled for August 10, 2022, at 4:15 PM ET to discuss its acquisition of Ceautamed Worldwide and other strategic initiatives. The call will provide insights into the positive developments surrounding this acquisition as part of the company’s growth strategy in the health and wellness market. Smart for Life aims to become a vertically integrated company, targeting over $300 million in revenues through strategic acquisitions and proprietary product developments over the next three years.

Smart for Life, Inc. (Nasdaq: SMFL) announced a conference call on August 10, 2022, at 4:15 PM ET to discuss its acquisition of Ceautamed Worldwide and new strategic initiatives. The call will provide insights into the company’s growth strategy, which includes a buy-and-build approach aimed at aggregating companies generating $300 million in revenue over the next three years. Smart for Life operates five subsidiaries and is focused on developing proprietary nutritional products to drive growth.