Smart for Life’s Greens First CEO Ryan Benson Provides Video Update on Boxout Distribution Agreement

Rhea-AI Summary

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.

Positive

• Significant Boxout distribution agreement could drive growth for Greens First subsidiary.
• Strategic plan to aggregate companies targeting $300 million in revenues within three years.

Negative

• None.

Video Details Transaction and Value of Agreement

MIAMI, March 28, 2023 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional supplements and foods worldwide, today provided a video presentation of Ryan Benson, Greens First CEO, discussing the recently announced Boxout distribution agreement.

Darren Minton, Chief Executive Officer of Smart for Life, noted, “The recently announced Boxout agreement entered into by Smart for Life’s Greens First subsidiary is a material event for us and a major component driving the growth of that company. Ryan Benson, Greens First CEO and a key member of our management team, engineered that transaction and the video presented here details the Boxout and Greens First partnership.”

Interested investors can access the video here: smartforlifecorp.com/2023/03/27/video-greens-first-ceo-ryan-benson-discusses-boxout-distribution.

About Smart for Life, Inc.

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. Structured as a global holding company, the Company is executing a buy-and-build strategy with serial accretive acquisitions creating a vertically integrated company with an objective of aggregating companies generating a minimum of $300 million in revenues within the next thirty-six months. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company currently operates five subsidiaries including Ceautamed Worldwide (Greens First), Doctors Scientific Organica, Nexus Offers, Bonne Santé Natural Manufacturing and GSP Nutrition. For more information about Smart for Life, please visit: www.smartforlifecorp.com.

Investor material and a Fact Sheet with additional information about Smart for Life is available at: www.smartforlifecorp.com/investor-center.

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com

FAQ

What is the significance of the Boxout distribution agreement for SMFL?

The Boxout distribution agreement is expected to be a major growth driver for Smart for Life's Greens First subsidiary.

Who is Ryan Benson in relation to Smart for Life?

Ryan Benson is the CEO of Greens First and played a key role in engineering the Boxout distribution agreement.

What is Smart for Life's growth strategy?

Smart for Life is executing a buy-and-build strategy aiming to aggregate companies generating at least $300 million in revenue over the next three years.

When was the Boxout distribution agreement announced by SMFL?

The Boxout distribution agreement was announced on March 28, 2023.