From GlobeNewswire: 2024-08-26 18:22:45

Smart for Life, Inc. (Nasdaq: SMFL) is pursuing four Health & Wellness acquisitions to boost its post-restructuring strategy. These acquisitions include Purely Optimal Nutrition and other reputable brands. The company aims to accelerate M&A activity after filing its 10-K and 10-Q reports. Chairman A.J. Cervantes, Jr. emphasizes targeting U.S. and foreign companies with $5-25 million in annual revenue. While delinquent in recent filings, CEO Darren Minton remains optimistic about achieving a $100 million revenue goal through strategic acquisitions. Completion of acquisitions is contingent on successful due diligence and financing, as detailed in the Form 10-Q report.

The Form 10-Q report is crucial for Smart for Life’s Nasdaq listing, with potential delisting if not filed promptly. The Company received letters from Nasdaq concerning delinquent filings for periods ending March 31, 2024, and June 30, 2024. The Company must address these deficiencies promptly to maintain its Nasdaq listing. Smart for Life anticipates filing the Form 10-Q report post completing its audit, ensuring compliance with Nasdaq standards.

Smart for Life, Inc. (Nasdaq: SMFL) continues its growth trajectory by focusing on innovative solutions in the nutraceutical industry. The company is committed to research-driven formulations and consumer-centric approaches while targeting profitable acquisitions for expansion. Through a Buy-and-Build strategy, Smart for Life aims to reach its revenue goals and become a vertically integrated company. The recent restructuring plan has improved the company’s balance sheet, positioning it for future growth and success. For further information, visit their website at www.smartforlifecorp.com.



Read more at GlobeNewswire: Smart for Life Provides Update on Prospective Acquisitions