EXCLUSIVE: Smart For Life Targets $100M Revenue Goal Through Strategic Health & Wellness Acquisitions [Yahoo! Finance]
Smart for Life, Inc. (SMFL)
Company Research
Source: Yahoo! Finance
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. The acquisitions include the following: Purely Optimal Nutrition—This was a previously announced acquisition. The Company and Purely Optimal management are actively collaborating on restructuring their sales initiatives to improve Purely Optimal's profitability prior to closing the acquisition. Liquid Manufacturer – Contract manufacturer with sales of approximately $12 million and profitable in the prior fiscal year. Established Supplement Brand – Historical sales of approximately $10 million annually and profitable through nutraceutical products. Wholesale Manufacturer and Distributor – Generating approximately $8 million in revenue and profitable in retail channels. "Smart for Life is committed to pursuing revenue and earnings growth through the acquisition
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News
- Smart for Life Reports Significant Balance Sheet Improvement; Achieves Over $9.4 Million in Positive Net Stockholders' Equity Following Successful Restructuring Efforts [Yahoo! Finance]Yahoo! Finance
- Smart for Life Reports Significant Balance Sheet Improvement; Achieves Over $9.4 Million in Positive Net Stockholders' Equity Following Successful Restructuring EffortsGlobeNewswire
- Smart For Life Announces Participation at the H.C. Wainwright 26th Annual Global Investment ConferenceGlobeNewswire
- Smart for Life to Attend the Newtopia Now 2024 Conference in Colorado [Yahoo! Finance]Yahoo! Finance
- Smart for Life to Attend the Newtopia Now 2024 Conference in ColoradoGlobeNewswire
SMFL
Sec Filings
- 10/15/24 - Form 8-K
- 9/23/24 - Form 8-K
- 9/12/24 - Form 4
- SMFL's page on the SEC website