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Smart for Life Inc - SMFL STOCK NEWS

Welcome to our dedicated news page for Smart for Life (Ticker: SMFL), a resource for investors and traders seeking the latest updates and insights on Smart for Life.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Smart for Life's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Smart for Life's position in the market.

News
Smart for Life Appoints Prominent Industry Executive David Trosin to Company’s Advisory Board
Rhea-AI Summary
Smart for Life, a global leader in the Health & Wellness sector, appoints David Trosin, Managing Director of Health Sciences Certification at NSF International, to its advisory board. Trosin brings decades of industry experience and expertise in dietary and sports supplements. His role will focus on providing auditing, testing, certification, and training services to enhance safety and quality in the nutraceutical industry. Smart for Life aims to leverage Trosin's insights for future product offerings and growth opportunities.
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Smart for Life Announces the Successful Completion of Restructuring Program
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) successfully completed a comprehensive restructuring program, resulting in reduced debt, improved balance sheet, and a 6-fold enhancement of Net Shareholders' Equity to $6 million. The Company also announced the acquisition of Purely Optimal and added industry executives to the Board. However, the Company faces delisting from Nasdaq due to a delay in filing its Form 10-K for 2023.
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Smart for Life Announces the Appointment of Heather Granato to the Company’s Board of Directors
Rhea-AI Summary
Smart for Life, Inc. appoints Heather Granato, a 30-year veteran of the nutraceutical industry, to its Board of Directors. Granato's extensive experience and industry connections are expected to drive business development and future acquisition opportunities for the company.
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Smart for Life Announces 1-for-7 Reverse Stock Split
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) announced a 1-for-7 reverse stock split of its common stock to maintain compliance with Nasdaq's minimum bid price requirement and attract investors. The split will be effective on April 22, 2024, with the common stock continuing to trade under the symbol 'SMFL'. The move is part of a strategic plan to support future acquisition financings.
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Smart for Life to Sponsor Industry Event “What’s Up with Supps” at SupplySide East
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) sponsors the 'What’s Up with Supps' industry event at SupplySide East, gathering health and nutrition industry leaders for networking and education. The event aims to foster connections, raise funds for Vitamin Angels, and support industry growth and innovation.
Rhea-AI Impact
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Smart for Life Releases Corporate Video on Definitive Agreement to Acquire Purely Optimal Nutrition
Rhea-AI Summary
Smart for Life, Inc. CEO, Darren Minton, announced the acquisition of Purely Optimal Nutrition, a nutraceuticals company, aiming to boost annual revenue by $8 million and adjusted EBITDA by over $1 million. The acquisition is part of Smart for Life's M&A strategy to expand its presence in the Health & Wellness sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
36.42%
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Smart for Life Announces Definitive Agreement to Acquire Purely Optimal Nutrition, a Premier North American Nutraceutical Company
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) announces the acquisition of Purely Optimal Nutrition, expecting over $8 million in annualized revenue and $1 million in Adjusted EBITDA. The acquisition aims to enhance product offerings, accelerate revenue growth, and establish Smart for Life as a major player in the Health & Wellness sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
36.42%
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acquisition
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Smart for Life Appoints Nutraceutical Industry Veteran Heather Granato to the Company’s Advisory Board
Rhea-AI Summary
Smart for Life, Inc. appoints Heather Granato, a 30-year veteran of the nutraceutical industry, to its advisory board. Ms. Granato brings extensive industry experience, a background in journalistic outreach, and a commitment to promoting equality in the nutraceutical sector. She is also the co-founder of Women In Nutraceuticals (WIN), a non-profit organization supporting women in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
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-5%
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Smart for Life Appoints Prominent Industry Executive Loren Brown to Company’s Board of Directors
Rhea-AI Summary
Smart for Life, Inc. appoints Loren Brown to the Board of Directors to enhance acquisition pipeline and business development. Brown brings extensive industry experience and network to support the company's expansion strategy in the Health & Wellness sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.79%
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Smart for Life Announces Selection of SGS Nutrasource to Support Global Strategic Expansion
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) has selected SGS Nutrasource to assist in regulatory compliance and product development for its nutritional supplements and foods as the company accelerates its M&A activity. The partnership aims to expand product lines, register new products in key markets, and drive shareholder value. SGS Nutrasource, a premier global contract research organization, will provide expertise in global regulatory compliance, product claims support, clinical trials, and product testing for dietary supplements, foods, and beverages. Smart for Life's management is optimistic about significant growth in 2024 and aims to reach $100 million in annualized revenue over the next year and $300 million in revenue by 2026.
Rhea-AI Impact
Rhea-AI Sentiment
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Smart for Life Inc

Nasdaq:SMFL

SMFL Rankings

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SMFL Stock Data

378.42k
568.07k
2.79%
28.16%
34.11%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
Boca Raton

About SMFL

well-known for its popularity from clients across the u.s. and canada, the smart for life® cookie diet is more than just a weight loss company. it is committed to helping its clients lose weight, gain health and positively impact the environment along the way. over the past 7 years, smart for life® has helped hundreds of thousands of people lose hundreds of thousands of pounds - improving their health, appearance and happiness. founded by dr. sasson moulavi, md, a bariatric physician, smart for life® is based on his realizations of how food affects our health and uses the american society of bariatric physicians (asbp) guidelines. the asbp is a 50-year old organization teaching physicians the fundamentals of weight loss. smart for life® recognizes that food should be free of chemicals such as pesticides and preservatives, and produces its food with triple-filtered water and pesticide-free organic food ingredients. in order to truly compete with the wide variety of unhealthy fast food a