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Stock impact report

Smart for Life Provides Update Following Nasdaq Delisting Due to Audit Delays; Reports Plans to Reapply to Nasdaq Upon Full Compliance [Yahoo! Finance]

Smart for Life, Inc. (SMFL) 
Company Research Source: Yahoo! Finance
“We are working diligently to complete our audit and believe that several key factors contributing to the delay were outside the control of management and the Company,” stated Darren Minton, CEO of Smart for Life. “Despite these challenges, we are committed to addressing the outstanding issues and returning to Nasdaq as soon as possible. The Company continues to execute its previously announced strategic plan including the prospective acquisitions in our pipeline, as well as the completion of our successful restructuring program which resulted in a significant improvement in the Company's balance sheet and net stockholders' equity. We remain confident in our long-term strategy for growth in the health and wellness market.” The management team is working closely with auditors and advisors to complete the filing of its annual report on Form 10-K, which is expected in the coming days. The Company will provide further updates to shareholders on its progress. About Smart for Life, Inc Show less Read more
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