Smart for Life Announces New Corporate Headquarters
December 05 2022 - 7:30AM
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 the consolidation of
operations with relocation of its corporate headquarters to 990 S
Rogers Circle, Suite 3, Boca Raton, FL 33487. Consistent with the
Company’s M&A strategy and goal of streamlining operations to
leverage synergies of its combined companies, the new headquarters
consists of corporate offices, a new fulfillment and call center,
as well as additional warehouse space.
“Relocation of our corporate headquarters is
another key step in executing operating efficiency and cost-savings
strategies, as we continue to drive growth both organically and
through acquisitions,” stated Darren Minton, CEO of Smart for Life.
“We have been operating multiple offices in Southern Florida, in
addition to a third-party fulfillment center, all of which will now
be under one roof. We also expect to benefit from further economies
of scale as the new headquarters will also provide us with the
capacity to support future acquisitions which we believe is
important given our track record of acquiring complementary
businesses at attractive valuations. We expect that the
consolidation of our operations should result in improved
profitability in future quarters as we continue to reduce costs and
grow our top-line revenue. We look forward to making progress
towards our goal of reaching $100 million in annualized revenue in
2023.”
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 within
the next thirty-nine months. 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, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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