24/7 Market News- Smart for Life Provides Updates on Prospective Acquisitions and Form 10-Q Filing

August 27, 2024

DENVER, Colo., Aug 27, 2024 (247marketnews.com)- Smart for Life (Nasdaq: SMFL) provided update on previously announced potential expansion plans, including potential M&A events, as the Company’s post-restructuring strategy is centered on negotiating four profitable Health & Wellness acquisitions and exploring additional prospects.

A.J. Cervantes, Jr., Smart for Life’s chairman, commented, “We are on track with several potentially transformative strategic transactions. Once we finalize our upcoming 10-K and 10-Q filings, we plan to substantially accelerate our M&A activity, leveraging the potential acquisitions we’ve already identified. We are focused on acquiring profitable companies in the nutritional supplements and functional foods sectors. With restructuring complete, we are aggressively advancing our M&A efforts. We are targeting U.S. and foreign nutraceutical companies with $5 million to $25 million in annual revenue, prioritizing innovation, quality, and organic growth.”

Smart for Life’s CEO, Darren Minton, stated, “While there is no assurance that any particular acquisition will be completed, we believe the growing acquisition pipeline creates an enormous prospective opportunity for the Company. We remain committed to reaching our $100 million revenue goal through organic growth and strategic acquisitions.”

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