Smart for LifeNASDAQ: SMFL

MIAMI, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (OTC: SMFL) (“Smart for Life” or the “Company”), a distinguished leader in the Health & Wellness sector specializing in the marketing and manufacturing of nutritional supplements and foods, today announced significant progress in strengthening its balance sheet following a series of restructuring initiatives over the past several quarters.

Multiple Acquisitions in Pipeline; Ranging from Definitive Agreement to Exploratory Discussions as Phase 2 of the Company's Post-Restructuring Initiatives; Company Provides Update on Timing for Form 10-Q Multiple Acquisitions in Pipeline; Ranging from Definitive Agreement to Exploratory Discussions as Phase 2 of the Company's Post-Restructuring Initiatives; Company Provides Update on Timing for Form 10-Q

Company Negotiating Acquisition of Four Profitable Health & Wellness Targets Multiple Exploratory Discussions Underway with Additional Acquisition Targets as Part of Phase 2 of the Company's Post-Restructuring Initiatives Acquisitions Timeline Expected to Accelerate After Company's Filing of Form 10-K and 10-Qs MIAMI, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a distinguished leader in the Health & Wellness sector specializing in the marketing and manufacturing of nutritional supplements and foods, announced today the potential expansion of the Company's acquisition pipeline and provided an update on its M&A activities. The Company is currently negotiating the acquisition of four profitable Health & Wellness targets with several additional prospects in exploratory discussions as part of the Company's post-restructuring initiatives.

CMO Expected to Position Smart for Life for Long Term Growth and Utilize IP from Acquisitions to Increase Sales Opportunities CMO Expected to Position Smart for Life for Long Term Growth and Utilize IP from Acquisitions to Increase Sales Opportunities

Program Has Provided Material Loss Reductions and Transformation of the Company's Balance Sheet; Company Provides Update on Timing for Form 10-Q Program Has Provided Material Loss Reductions and Transformation of the Company's Balance Sheet; Company Provides Update on Timing for Form 10-Q

Struggling nutraceutical specialist Smart for Life (NASDAQ: SMFL ) saw shares pop dramatically on Monday before paring back a large chunk of the gains. Earlier this morning, management announced the acquisition of an e-commerce nutraceutical enterprise.

Smart for Life (NASDAQ: SMFL ) stock is rocketing higher on Thursday as investors react to an update concerning a delisting notice for the technology company's shares. An update from the company notes that it has a hearing meeting with the Nasdaq Exchange in March 2024.

Smart for Life (NASDAQ: SMFL ) stock is falling on Friday after the company announced the exercise of $1.5 million worth of warrants for SMFL shares. Smart for Life notes that it reached an agreement with certain accredited investors to redeem their warrants for shares of SMFL stock.