Smart for Life, Inc. Common Stock

SMFL

Market cap $88.8K

Company Representatives to Explore Collaboration Opportunities at the Launch of the Industry's Latest Premier Health & Wellness Event Company Representatives to Explore Collaboration Opportunities at the Launch of the Industry's Latest Premier Health & Wellness Event

Multiple Acquisitions in Pipeline; Ranging from Definitive Agreement to Exploratory Discussions as Phase 2 of the Company's Post-Restructuring Initiatives; Company Provides Update on Timing for Form 10-Q Multiple Acquisitions in Pipeline; Ranging from Definitive Agreement to Exploratory Discussions as Phase 2 of the Company's Post-Restructuring Initiatives; Company Provides Update on Timing for Form 10-Q

Company Negotiating Acquisition of Four Profitable Health & Wellness Targets Multiple Exploratory Discussions Underway with Additional Acquisition Targets as Part of Phase 2 of the Company's Post-Restructuring Initiatives Acquisitions Timeline Expected to Accelerate After Company's Filing of Form 10-K and 10-Qs MIAMI, Aug. 21, 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, announced today the potential expansion of the Company's acquisition pipeline and provided an update on its M&A activities. 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.

CMO Expected to Position Smart for Life for Long Term Growth and Utilize IP from Acquisitions to Increase Sales Opportunities CMO Expected to Position Smart for Life for Long Term Growth and Utilize IP from Acquisitions to Increase Sales Opportunities

Company Aims to Forge Strategic Partnerships and Explore Acquisition Opportunities at Leading Food Science Event Company Aims to Forge Strategic Partnerships and Explore Acquisition Opportunities at Leading Food Science Event

Company Representatives to Explore Strategies for Emerging Growth Companies in the Health & Wellness Sector Company Representatives to Explore Strategies for Emerging Growth Companies in the Health & Wellness Sector

Industry Leader and Board Member Heather Granato to Explore Acquisition and Strategic Partnership Opportunities Setting Stage for SMFL Future Growth and Innovation Industry Leader and Board Member Heather Granato to Explore Acquisition and Strategic Partnership Opportunities Setting Stage for SMFL Future Growth and Innovation

Smart for Life Inc (NASDAQ: SMFL) opened more than 70% up on Thursday after the nutraceutical company said it has successfully completed a restructuring plan.

As the overall market trades just 1.5% away from its all-time high and up over 4% on the month, there has been a noticeable increase in risk appetite and speculation in small-cap penny stocks by retail investors. This surge in interest follows the meme mania experienced earlier in the month.

Smart for Life NASDAQ: SMFL shares are surging and could continue to increase, but there is no good reason to buy them unless you are a short-seller closing out a position and getting ready to reposition for the next leg lower. The news surrounding this penny stock is a bottomless pit of reasons to sell, including a few notices from NASDAQ.