24/7 Market News- Smart for Life Provides Potential Expansion Plans Update

August 21, 2024

DENVER, Colo., Aug 21, 2024 (247marketnews.com)- Smart for Life (Nasdaq: SMFL) provided potential expansion plans update concerning its M&A activities and stated that it expects its acquisitions timeline, of its four profitable health & wellness targets, to accelerate after filing its Form 10-K and 10-Qs.

Smart For Life’s acquisition targets include Purely Optimal Nutrition, a Liquid Manufacturer, an Established Supplement Brand, and a Wholesale Manufacturer and Distributor.

Smart for Life’s Chairman, A.J. Cervantes, Jr., commented, “Smart for Life is committed to pursuing revenue and earnings growth through the acquisition of profitable companies focused on nutritional supplements and functional foods.

“Although our acquisition activity was paused during our restructuring initiatives, we are now aggressively advancing those M&A activities. Upon completing our forthcoming 10-K and 10-Q filings, we intend to significantly ramp up M&A activity, building on the potential acquisitions identified.”

Smart for Life is seeking profitable companies in the nutraceutical industry, preliminarily targeting companies with between $5 million and $25 million in annual revenue.

Smart for Life’s CEO, Darren Minton, added, “We believe this pipeline represents a significant addition to our M&A initiatives.

“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 look forward to keeping everyone apprised of our developments as we continue to implement our strategy and drive toward our publicly stated goal of $100 million in revenue through both organic growth and M&A initiatives.”

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