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Stock impact report

Smart for Life Provides Update on Prospective Acquisitions [Yahoo! Finance]

Smart for Life, Inc. (SMFL) 
Company Research Source: Yahoo! Finance
MIAMI, Aug. 26, 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, today provided an update on the potential expansion of the Company's acquisition pipeline and an update on its M&A activities. Currently, the Company is negotiating four profitable Health & Wellness acquisitions and exploring additional prospects as part of its post-restructuring strategy. These targets include Purely Optimal Nutrition, a liquid manufacturer, an established supplement brand, and a wholesale manufacturer and distributor. Chairman A.J. Cervantes, Jr. stated, "We are on track with several potentially transformative strategic transactions. Once we finalize our upcoming 10-K and 10-Q filings, we plan to substantially accelerate our M&A activity, leveraging the potential acquisitions we've already identified. We are fo Show less Read more
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