Smart for Life to Attend IFT FIRST Annual Event and Expo in Chicago
July 02 2024 - 8:30AM
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, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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