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Press Release

Smart for Life Announces Appointment of Jessica Walters as Chief Marketing Officer
Smart for Life Announces Appointment of Jessica Walters as Chief Marketing Officer 150 150 Smart for Life, Inc.

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

Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a leader in the Health & Wellness sector specializing in the marketing and manufacturing of nutritional supplements and foods, today announced that it has appointed Jessica Walters as the Company’s new Chief Marketing Officer. Ms. Walter’s appointment as CMO is believed by management to position Smart for Life for long term growth and utilize the Company’s IP from its acquisitions to increase sales opportunities across its portfolio.

“Our appointment of Jessica Walters as CMO represents a strategic effort to broaden our reach and strengthen our position in the Health and Wellness industry,” stated Darren Minton, CEO of Smart for Life. “Ms. Walters is a highly seasoned digital marketing executive who has provided comprehensive consulting services for a broad range of companies in various industries prior to her appointment. Her mandate at Smart for Life includes utilizing the core IP from our acquisitions and various marketing platforms to enhance our sales capabilities.”

A.J. Cervantes, Jr., Chairman added, “The team at Smart for Life has been hard at work re-purposing the IP from our marketing platforms for use with our various operating subsidiaries. Under Ms. Walter’s leadership, this IP is expected to be further expanded to include a roll-out positioned for our future acquisition targets, in addition to offering the marketing service to our contract manufacturing clients as well.”

Ms. Walters brings to Smart for Life a proven expertise in lead generation, conversion, database management and affiliate marketing expertise. With strong entrepreneurial skills and as a former Shark Tank contestant, Ms. Walters is able to quickly identify opportunities, assess market demand, and inform strategic data-driven decision making. She has guided companies such as Equinox, LIV Golf, Platinum Nightlife and Unstoppable Caching in developing and maintaining strong brands. Ms. Walters has established herself at the forefront of driving innovation in multiple industries, blending her experience in traditional sales with cutting-edge applications of affiliate marketing in branding, marketing and sales strategies.

“My focus at Smart for Life is bringing the overall marketing initiatives to Fortune 500 standards, with the ultimate goal of helping the Company achieve its stated objective of reaching $100 million in revenue by complimenting their M&A strategy in the nutraceutical space,” stated Ms. Walters, Smart for Life’s new Chief Marketing Officer. “I am excited to leverage not only my relevant experience and background across numerous industries, but also the Company’s core IP to enhance the sales channels at Smart for Life and drive the future affiliate marketing initiatives across all levels of the organization.”

For media inquiries or to schedule interviews with Smart for Life representatives, please contact: media@smartforlifecorp.com.

About Smart for Life, Inc.

Smart for Life, Inc. (Nasdaq: SMFL) is an emerging growth company in the nutraceutical industry, committed to delivering innovative solutions that promote Health & Wellness. With a focus on research-driven formulations and consumer-centric approaches, Smart for Life is dedicated to redefining the boundaries of nutritional science. The Company is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and products. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary and related products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the successful liquidation of the Company’s senior debt facility. In addition, the Company converted substantial debt obligations to equity materially improving the Company’s balance sheet. The Company has signed a definitive agreement for the acquisition of Purely Optimal Nutrition, which is expected to add additional revenue and EBITDA. For more information about Smart for Life, please visit: www.smartforlifecorp.com.

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com

Smart for Life to Attend IFT FIRST Annual Event and Expo in Chicago
Smart for Life to Attend IFT FIRST Annual Event and Expo in Chicago 150 150 Smart for Life, Inc.

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

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 announced its upcoming participation at the Institute of Food Technologists (IFT) FIRST Annual Event and Expo, taking place from July 14-17, 2024, in Chicago, Illinois.

The IFT FIRST Annual Event is a premier gathering of the brightest minds in food science, technology, and related fields. It offers a dynamic platform for professionals to exchange ideas, discover new research, and forge valuable connections. Smart for Life will be actively seeking meetings to discuss potential acquisitions and strategic partnerships that align with the latest advancements in food science.

“The upcoming IFT event represents a strategic effort to broaden our reach and strengthen our position in the functional foods market,” stated Darren Minton, CEO of Smart for Life. “This is a great opportunity to engage with industry leaders, explore potential partnerships, and identify acquisition opportunities that align with our growth strategy. Smart for Life continues to support the latest advancements in food science initiatives.”

The Institute of Food Technologists (IFT) is a global organization dedicated to advancing the science of food. Through its annual event and numerous initiatives, IFT brings together food professionals from around the world to share knowledge, foster innovation, and address the challenges facing the food industry.

Smart for Life will have dedicated representatives at the conference to meet with companies interested in collaboration and business development. Attendees interested in scheduling a meeting with Smart for Life during the IFT FIRST event are encouraged to contact the company directly to arrange appointments. Meetings will focus on exploring avenues for collaboration that can drive mutual growth and innovation, encompassing a wide range of opportunities from acquisitions to strategic partnerships.

For media inquiries or to schedule interviews with Smart for Life representatives, please contact: media@smartforlifecorp.com.

About IFT FIRST

IFT FIRST means Food Improved by Research, Science, and Technology. It is IFT’s response to the transformative nature of the global food system. IFT FIRST will bring together researchers, scientists, engineers and entrepreneurs from across the global food value chain to discuss scientific solutions in presentations and panels focused on transformative innovation. For more information about the IFT FIRST Annual Event and Expo, please visit: www.iftevent.org.

About Smart for Life, Inc.

Smart for Life, Inc. (Nasdaq: SMFL) is an emerging growth company in the nutraceutical industry, committed to delivering innovative solutions that promote Health & Wellness. With a focus on research-driven formulations and consumer-centric approaches, Smart for Life is dedicated to redefining the boundaries of nutritional science. The Company is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and products. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary and related products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the successful liquidation of the Company’s senior debt facility. In addition, the Company converted substantial debt obligations to equity, materially improving the Company’s balance sheet. The Company has signed a definitive agreement for the acquisition of Purely Optimal Nutrition, which is expected to add additional revenue and EBITDA. For more information about Smart for Life, please visit: www.smartforlifecorp.com.

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com

Smart for Life to Attend Vitafoods Europe 2024: Positioned to Identify Strategic Partnerships and Potential Acquisitions
Smart for Life to Attend Vitafoods Europe 2024: Positioned to Identify Strategic Partnerships and Potential Acquisitions 150 150 Smart for Life, Inc.

Renowned Industry Leader and Smart for Life Board Member Heather Granato to Speak at Nutraceutical Event in Geneva, Switzerland

Miami, FL – May 10, 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 announced its participation in Vitafoods Europe 2024, scheduled to take place in Geneva, Switzerland from May 14 to 16, 2024.

Vitafoods Europe is a premier event in the nutraceutical industry, typically attracting over 25,000 industry experts, and is renowned for its spotlight on the latest advancements and trends shaping the future of health and wellness. Smart for Life’s presence at Vitafoods Europe signifies a meaningful opportunity for the company to explore strategic partnerships and potential acquisitions, further cementing its position as a pivotal player in the sector.

As part of the event, Smart for Life’s recently appointed board member, Heather Granato, a renowned nutraceutical industry member and the president of Women In Nutraceuticals, will be a speaker at Vitafoods Europe on Thursday, May 16. She will join a panel of industry experts sharing valuable perspectives on the evolving landscape for women’s health products in the nutraceutical industry, and the role of women in leadership and science to driving innovation and growth.

“With an unwavering commitment to driving innovation and excellence in the nutraceutical landscape, Smart for Life aims to establish partnerships that not only enhance our product offerings but also deliver substantial value to consumers and stakeholders alike,” stated Darren Minton, CEO of Smart for Life. “We are pleased that Heather Granato has been selected as a speaker at Vitafoods Europe 2024, and we believe our participation at the event underscores our steadfast dedication to fostering positive transformation within the nutraceutical industry.  We look forward to engaging with industry leaders and exploring potential opportunities that drive engagement and collaboration.”

Companies interested in scheduling meetings with Smart for Life during Vitafoods Europe are encouraged to reach out directly to arrange appointments. 

For media inquiries or to schedule interviews with Smart for Life representatives, please contact: media@smartforlifecorp.com.

About Vitafoods Europe

Vitafoods Europe attracts over 25,000 industry experts from over 130 countries, offering fantastic opportunities for networking, collaboration and innovation in the nutraceutical industry. Operating since 1997, the trade show hosts live editions annually in Geneva at Palexpo. It offers the perfect platform for businesses to thrive and forge long term collaborations, enrich their understanding and initiate critical conversations around the most pressing issues concerning the health and nutrition industry.  To learn more, please visit: www.vitafoods.eu.com 

About Smart for Life, Inc. 

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on Health & Wellness. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the successful liquidation of the Company’s senior debt facility.  In addition, the Company converted substantial debt obligations to equity materially improving the Company’s balance sheet. The Company has signed a definitive agreement for the acquisition of Purely Optimal Nutrition, which is expected to add additional revenue and EBITDA.  For more information about Smart for Life, please visit: www.smartforlifecorp.com. 

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC

Tel: (212) 671-1021

SMFL@crescendo-ir.com

Smart for Life Announces Availability of a White Paper on the Nutraceuticals Industry
Smart for Life Announces Availability of a White Paper on the Nutraceuticals Industry 150 150 Smart for Life, Inc.

Smart for Life Announces Availability of a White Paper on the Nutraceuticals Industry

White Paper Details Recent Trends and Provides Current Industry Data and Analysis on the Growing Nutraceutical Industry

Miami, FL – April 26, 2023 (Globe Newswire) – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional supplements and foods, today announced the release of a white paper on the Nutraceuticals industry, by market analyst Arthur Goldgaber of Goldgaber Research Group.

Entitled “Sector Opportunity: Nutraceutical Industry Growth Due to Demand for Preventative Health Products,” the white paper describes how the nutraceutical industry has been growing at a robust rate thanks to an expanding interest in self-care as healthcare costs have risen.

From the white paper, “The pandemic has also spurred sales of dietary supplements such as multivitamins. Globally, the preventive healthcare technologies and services market is estimated to reach $432.4 billion by the end of 2024, according to a Grand View Research, Inc. report.  The firm found that the key factors driving the market expansion include the growing awareness of self-care measures, which, in turn, helps to boost nutraceutical sales.”

The paper goes on to say, “The United States continued its leadership in the nutraceuticals industry, with a 23.4% global market share, underpinned by its robust research and development capabilities, according to Future Market Insights. The company forecasts that the global nutraceuticals market will likely climb from $418 billion in revenues in 2023 to $703 billion by 2033.”

The publication of the white paper is a part of Smart for Life’s investor outreach and education program. To view the full white paper, please visit: https://smartforlifecorp.com/wp-content/uploads/2024/04/Goldgaber_Nutraceuticals-Paper_Smart-for-Life.pdf  

About Smart for Life, Inc. 

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on Health & Wellness. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the successful liquidation of the Company’s senior debt facility.  In addition, the Company converted substantial debt obligations to equity materially improving the Company’s balance sheet. The Company has signed a definitive agreement for the acquisition of Purely Optimal Nutrition, which is expected to add additional revenue and EBITDA.  For more information about Smart for Life, please visit: www.smartforlifecorp.com. SEC Section 17(b) Disclosure

Goldgaber Research Group (“GRG”) was compensated $1,000 for the commissioning of this white paper by Smart for Life, Inc. (“SMFL”). Although the white paper described herein was commissioned and paid for by SMFL the company notes that the paper was generated independently by the author, and statements by the author are his own and not attributable to SMFL. Readers are advised to review the white paper in its entirety, including the disclosures and disclaimers noted therein.

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC

Tel: (212) 671-1021

SMFL@crescendo-ir.com

Smart for Life Announces the Appointment of Heather Granato to the Company’s Board of Directors
Smart for Life Announces the Appointment of Heather Granato to the Company’s Board of Directors 150 150 Smart for Life, Inc.

Granato Joins Smart for Life as Founder of Women In Nutraceuticals (WIN), Former VP of Numerous Industry Media Brands, and 30-Year Veteran of the Nutraceutical Industry 

Miami, FL – April 18, 2023 (Globe Newswire) – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional supplements and foods, announced today that it has appointed a 30-year veteran of the nutraceutical industry, Heather Granato, to the Company’s Board of Directors and released a corporate video. 

“Heather Granato brings decades of nutraceutical industry experience, a career in journalistic outreach, content creation and marketing initiatives to Smart for Life and our Board of Directors,” stated Darren Minton, CEO of Smart for Life. “Having been recently appointed to our team of advisors, we were extremely impressed with Heather’s strong credentials and impact on our organization in relatively short order.  The significant depth and reach of her contacts and relationships in the industry has already started to play a major role in business development as well as future acquisition opportunities.  I have no doubt she will be a tremendous asset as she deploys her unique background and perspective to the Board of Directors at Smart for Life.” 

Ms. Granato is a 30-year veteran of the natural products industry, most recently serving as Vice President of Partnerships & Sustainability for Informa Markets’ Vitafoods and Food Ingredients brands, following her tenure as VP Content with Vitafoods and SupplySide. She has been a presenter at events including SupplySide, Vitafoods, Natural Products Expo, the Natural Gourmet Show and the Folio: Show. Her publishing experience includes Natural Products Insider, Food Product Design, Country Living’s Healthy Living, Natural Foods Merchandiser, Delicious Magazine and WomenOf.com. She was named to the FOLIO: 100 list of top media professionals in 2018; received the 2014 Visionary Award and the 2018 Journalistic Excellence Award from the American Herbal Products Association (AHPA); and was recognized by the United Natural Products Alliance (UNPA) in 2023 with its Ignition…Liftoff Award. Granato graduated magna cum laude from the University of Richmond, Virginia, in 1992 with a bachelor’s degree in journalism.

“My pursuit of Health & Wellness in all aspects of business and communication has been my strongest sense of purpose throughout my career in the nutraceutical industry, and I’m looking forward to continuing that endeavor as I expand my role and responsibilities at Smart for Life,” said Ms. Granato. “Over my career I’ve been fortunate to have had the opportunity to foster connections and collaborate with amazing colleagues in the United States and around the world. As demonstrated through the various organizations that I’ve been aligned, my passion for supporting women and equality in the nutraceutical industry has given me the unique opportunity to give back and recognize the possibilities in all of us, regardless of one’s background.” 

In addition to her significant industry experience, Ms. Granato is also the co-founder and President of Women In Nutraceuticals (WIN).  WIN is a 501c3 non-profit organization focused on unlocking the professional and personal potential of women. The organization is igniting a movement to build support for women across the nutraceutical supply chain to help increase the percentage of women holding leadership roles, funding for female-led businesses, and women’s participation in research. To learn more about WIN, please visit: https://womeninnutraceuticals.org/ 

Mr. Minton concluded, “Our entire organization and Board of Directors is looking forward to collaborating with Heather to help us shape the direction of our future product offerings and growth opportunities at Smart for Life.”

To learn more and view the corporate video announcement with Heather Granato, please navigate to: https://smartforlifecorp.com/2024/04/17/video-heather-granato-with-smart-for-life/. 

About Smart for Life, Inc. 

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on Health & Wellness. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the successful liquidation of the Company’s senior debt facility.  In addition, the Company converted substantial debt obligations to equity materially improving the Company’s balance sheet. The Company has signed a definitive agreement for the acquisition of Purely Optimal Nutrition, which is expected to add additional revenue and EBITDA.  For more information about Smart for Life, please visit: www.smartforlifecorp.com. 

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC

Tel: (212) 671-1021

SMFL@crescendo-ir.com

Video: Prominent Industry Executive-Heather Granato with Smart For Life
Video: Prominent Industry Executive-Heather Granato with Smart For Life 150 150 Smart for Life, Inc.

Smart for Life Announces Definitive Agreement to Acquire Purely Optimal Nutrition, a Premier North American Nutraceutical Company
Smart for Life Announces Definitive Agreement to Acquire Purely Optimal Nutrition, a Premier North American Nutraceutical Company 150 150 Smart for Life, Inc.

Profitable Acquisition Expected to Contribute More than $8 Million of Annualized Revenue and Over $1 Million of Adjusted EBITDA

Miami, FL – April 5, 2021 – Globe Newswire – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a  global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced that it has executed a definitive agreement to acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America. 

A.J. Cervantes, Jr., Smart for Life’s founder and Chairman, stated, “We are very excited to have Purely Optimal join forces under the Smart for Life umbrella.  Purely Optimal’s product line is designed to yield optimal results with carefully sourced and nourishing ingredients from all around the world. We believe these formulations are validated and targeted to enhance specific health and wellness needs.  As part of our synergistic M&A approach, the resources provided by Smart for Life will enable Purely Optimal to accelerate revenue growth and meaningfully expand margins even further.”

“This acquisition is another validation of our ‘Buy-and-Build’ strategy designed to establish Smart for Life as a major international force in the Health & Wellness sector,” stated Darren Minton, CEO of Smart for Life. “We could not be more excited to extend our offering to include Purely Optimal’s broad product line, which includes dozens of high-quality supplements. Purely Optimal is currently generating estimated revenue in excess of $8 million and over $1 million of Adjusted EBITDA for the trailing twelve months. In addition, the favorable impact and synergies with our manufacturing operations cannot be overstated.”

Mr. Minton continued, “The Purely Optimal management team has created a world class brand with a deep and loyal customer base. We believe that Smart for Life can help further support and monetize that customer base with some substantial brand extensions, particularly in the area of the creation of Purely Optimal nutritional food products, formulated and manufactured at our FDA certified facility.”

The acquisition is expected to close within the next eight weeks and is subject to financing and customary closing conditions.

About Smart for Life, Inc. 

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on Health & Wellness. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company has also commenced the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the potential sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the recent liquidation of the Company’s senior debt facility.  In addition, the Company is converting certain debt obligations to equity to materially improve the Company’s balance sheet. The Company has signed a definitive agreement for the acquisition of Purely Optimal Nutrition, which is expected to add additional revenue and EBITDA.  For more information about Smart for Life, please visit: www.smartforlifecorp.com. 

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC

Tel: (212) 671-1021

SMFL@crescendo-ir.com

Video: CEO of Smart For Life, Darren Minton, Announces Purely Optimal Acquisition
Video: CEO of Smart For Life, Darren Minton, Announces Purely Optimal Acquisition 150 150 Smart for Life, Inc.

Smart for Life Appoints Nutraceutical Industry Veteran Heather Granato to the Company’s Advisory Board
Smart for Life Appoints Nutraceutical Industry Veteran Heather Granato to the Company’s Advisory Board 150 150 Smart for Life, Inc.

Founder of Women In Nutraceuticals (WIN), Former VP of Numerous Industry Media Brands, and 30-Year Veteran of the Nutraceutical Industry Joins Highly Diversified Team of Advisors 

Miami, FL – March 21, 2023 (Globe Newswire) – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional supplements and foods, announced today that it has appointed a 30-year veteran of the nutraceutical industry, Heather Granato, to the Company’s advisory board. 

“Heather Granato joins Smart for Life with decades of industry experience, a career in journalistic outreach, content creation and marketing initiatives, as well as a passion for promoting equality and representation in the nutraceutical industry,” said Darren Minton, CEO of Smart for Life. “We are excited to have Heather join our advisory board and strongly believe that she will bring a unique and committed sense of purpose and perspective to the team.”

Ms. Granato is a 30-year veteran of the natural products industry, most recently serving as Vice President of Partnerships & Sustainability for Informa Markets’ Vitafoods and Food Ingredients brands, following her tenure as VP Content with Vitafoods and SupplySide. She has been a presenter at events including SupplySide, Vitafoods, Natural Products Expo, the Natural Gourmet Show and the Folio: Show. Her publishing experience includes Natural Products Insider, Food Product Design, Country Living’s Healthy Living, Natural Foods Merchandiser, Delicious Magazine and WomenOf.com. She was named to the FOLIO: 100 list of top media professionals in 2018; received the 2014 Visionary Award and the 2018 Journalistic Excellence Award from the American Herbal Products Association (AHPA); and was recognized by the United Natural Products Alliance (UNPA) in 2023 with its Ignition…Liftoff Award. Granato graduated magna cum laude from the University of Richmond, Virginia, in 1992 with a bachelor’s degree in journalism.

“Discovering new ways to bring people together in the pursuit of health, wellness, and personal growth is incredibly important to me and I am pleased to join the Smart for Life team as part of that endeavor,” said Ms. Granato. “I’ve been fortunate to have had the opportunity to foster connections and collaborate with amazing colleagues through the years to grow our industry. In addition, my passion for supporting women and equality in the nutraceutical industry has given me the unique opportunity to do even more to give back and ensure the continued vibrance and innovation that comes when we recognize the possibilities in all of us.” 

In addition to her significant industry experience, Ms. Granato is also the co-founder and President of Women In Nutraceuticals (WIN).  WIN is a 501c3 non-profit organization focused on unlocking the professional and personal potential of women. The organization is igniting a movement to build support for women across the nutraceutical supply chain to help increase the percentage of women holding leadership roles, funding for female-led businesses, and women’s participation in research. To learn more about WIN, please visit: https://womeninnutraceuticals.org/ 

“There is no denying the significant positive impact that Heather’s many initiatives are having on the nutraceutical industry,” Mr. Minton continued. “Our executive team is looking forward to collaborating with Heather and our advisory board members to help us shape the direction of our future product offerings and growth opportunities at Smart for Life.”

About Smart for Life, Inc. 

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on Health & Wellness. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company has also commenced the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, the potential sale and leaseback of the Company’s 18,000 sq. ft. Doral manufacturing facility and the recent liquidation of the Company’s senior debt facility.  In addition, the Company is converting certain debt obligations to equity to materially improve the Company’s balance sheet. For more information about Smart for Life, please visit: www.smartforlifecorp.com. 

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer

The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact

Crescendo Communications, LLC

Tel: (212) 671-1021

SMFL@crescendo-ir.com

Smart for Life Announces Completion of Audit for Pending Acquisition  
Smart for Life Announces Completion of Audit for Pending Acquisition   1920 1080 Smart for Life, Inc.

Acquisition Expected to Contribute More than $8 Million of Annualized Revenue and Positive Net Income

Miami, FL – January 5, 2024 – Globe Newswire – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a high growth global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced that it has completed the audit for the planned acquisition of a premier eCommerce nutraceuticals company with operations in North America. The acquisition is expected to close within the next several weeks and is subject to financing and customary closing conditions.

“We have now completed the audit for our acquisition and expect to close in early 2024,” stated Darren Minton, CEO of Smart for Life. “Once closed, this will be one of our largest acquisitions since going public in 2022.  This eCommerce company is currently generating estimated revenue in excess of $8 million and its operations are net income positive.”

“On completion of the acquisition, we expect to realize an additional economic benefit when we migrate the contract manufacturing of the acquisition to our facilities at Smart for Life,” added A.J. Cervantes, Jr., Executive Chairman at Smart for Life. “The acquisition’s management team has created a world class brand with a deep and loyal customer base and we believe that Smart for Life can monetize that customer base with substantial brand extensions. We look forward to announcing additional details shortly when the acquisition closes.”

Completion of the acquisition is subject to a number of conditions including successful financing.  This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Smart for Life.

About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. Structured as a publicly held global holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company with an objective of aggregating companies generating a minimum of $300 million in revenues by the fourth quarter of 2026. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company currently operates five subsidiaries including Doctors Scientific Organica, Nexus Offers, Bonne Santé Natural Manufacturing, GSP Nutrition and Ceautamed Worldwide. For more information about Smart for Life, please visit: www.smartforlifecorp.com.

Video regarding the Company’s manufacturing facility at Bonne Santé Natural Manufacturing is available at: www.bonnesantemanufacturing.com/video.

Investor material and a Fact Sheet with additional information about Smart for Life is available at: www.smartforlifecorp.com/investor-center.

Forward-Looking Statements
This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Disclaimer
The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.

Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com

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