‘Smart for Life Announces 1-for-3 Reverse Stock Split to Support Future Growth and Acquisitions\n\nMIAMI, October 26, 2023 – Smart for Life, incorporated (Nasdaq:SMFL), a global leader in the Health & Wellness sector, has announced a 1-for-3 reverse stock split of its common stock and authorized stock, effective October 27, 2023. The Company’s common stock will continue to trade on The Nasdaq Capital Market under the symbol “SMFL” and will begin trading on a split-adjusted basis when the market opens on October 27, 2023.\n\nIt is also intended to maintain the Company’s compliance with the minimum bid price requirement for maintaining the listing of its common stock on Nasdaq. The new CUSIP number for the Common Stock following the reverse split will be 83204U509.\n\nSmart for Life, incorporated is a publicly held global holding company 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. 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 $300 million in revenues by the fourth quarter of 2026.\n\nSmart for Life is developing proprietary products and acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company currently operates five subsidiaries including Doctors Scientific Organica, Nexus Offers, Bonne Santé Natural Manufacturing, GSP NutritionSports Illustrated Nutrition and Ceautamed WorldwideGreens First.\n\nIn a statement, the Company’s CEO said, “We are excited to announce this reverse stock split as part of our strategic plan to support future growth and acquisitions. This not only highlights the company’s strong fundamentals, but also makes it an attractive choice for those seeking growth and resilience in the health and wellness sector.”\n\nSmart for Life’s strategic initiatives continue to yield impressive results, further solidifying its position as a resilient and attractive choice for those seeking growth and resilience in the health and wellness sector. The Company’s goal is to become a vertically integrated company with a global presence, providing a wide range of high-quality products to its customers.\n\nSmart for Life, incorporated is a global leader in the Health & Wellness sector, with a strong focus on developing, marketing, manufacturing, and acquiring nutritional and related products.’$SMFL2023-12-22T18:12:04.404Z
