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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 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
End-of-Day
-10.13%
Tags
none
-
News
Smart for Life Announces Completion of Audit for Pending Acquisition
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) expects to acquire a premier eCommerce nutraceuticals company, contributing over $8 million of annualized revenue and positive net income. The acquisition is subject to financing and customary closing conditions, with the company aiming to close in early 2024. Smart for Life plans to migrate the contract manufacturing of the acquisition to its facilities, expecting to realize additional economic benefits. The acquisition's management team has built a strong brand with a loyal customer base, presenting opportunities for substantial brand extensions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.21%
Tags
acquisition
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News
Smart for Life Names Two Executives to Senior Management Team
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) has expanded its management team to enhance its capabilities for increased capital markets and M&A activity. The Company aims to complete two material acquisitions representing approximately $25 million in revenue and execute a material restructuring program in Q1. The additions to the management team include Mark Beychok, Executive Vice President, and Jessica Walters, Senior Vice President of Marketing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
75.71%
Tags
none
News
Smart for Life Announces LOI to Acquire State-of-the-Art Manufacturer of Vitamins and Supplements
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) has executed a Letter of Intent to acquire a manufacturer of vitamins and supplements, expecting to add an estimated $20 million of revenue on a pro forma basis. The acquisition aligns with the company's M&A strategy in the nutraceutical space and aims to bring significant manufacturing capabilities in the health and wellness sector. Smart for Life is targeting $100 million in revenue, and this acquisition is expected to be the largest to date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.88%
Tags
acquisition
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News
Smart for Life Announces Exercise of Warrants for $1.5 Million Gross Proceeds
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) announced that accredited investors will exercise outstanding warrants to purchase 877,001 shares of common stock at a reduced price of $1.77 per share, resulting in expected gross proceeds of approximately $1.5 million. The net proceeds will be used for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.57%
Tags
none
-
News
Smart for Life Announces 1-for-3 Reverse Stock Split
Rhea-AI Summary
Smart for Life, Inc. (Nasdaq: SMFL) will undergo a 1-for-3 reverse stock split to maintain compliance with Nasdaq's minimum bid price requirement and attract investors. The split is also part of a strategic plan to support future acquisition financings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
249.84%
Tags
none
News
Smart for Life Appoints Alicia R. Crockett to the Company’s Advisory Board
Rhea-AI Summary
Smart for Life appoints Alicia R. Crockett to advisory board
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
management
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News
Smart for Life Appoints Cindy Brynteson, RN, to the Company’s Advisory Board
Rhea-AI Summary
Smart for Life appoints Cindy Brynteson to advisory board in the Health & Wellness sector
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.3%
Tags
management
-
News
Smart for Life Appoints Stuart Benson, JD to the Company’s Newly Launched Advisory Board
Rhea-AI Summary
Smart for Life appoints Stuart Benson to advisory board, targeting larger and more profitable companies
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.51%
Tags
management
News
Smart for Life Announces Q2 2023 Financial Results and Provides Business Update
Rhea-AI Summary
Smart for Life reports balance sheet transformation with debt to equity conversion and improved stockholders' equity. Loss for the six-month period decreases from $20.0 million to $8.5 million. Revenue decreases to $2.3 million from $4.3 million in Q2 2023. Gross profit decreases to $742 thousand from $1.8 million. Net loss attributable to common shareholders increases to $4.2 million from $3.5 million. Adjusted EBITDA loss increases to $2.6 million from $1.9 million in Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.44%
Tags
earnings
Stock SMFL logo
Smart for Life Inc

Nasdaq:SMFL

SMFL Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
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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