Streetbeat News

SMFL

Smart for Life, Inc.

https://www.smartforlife.com

Industry

Packaged Foods

Smart for Life, Inc. acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements; dietary supplements; nutritional supplements for athletes and active lifestyle consumers comprising powders, tablets, and soft gels; and various nutritional supplements. It sells its products through online market platforms. The company was formerly known as Bonne Santé Group, Inc. and changed its name to Smart for Life, Inc. in August 2021. Smart for Life, Inc. was founded in 2002 and is based in Miami, Florida.

Open

0.01

Mkt cap

1.5K

Volume

987

High

0.01

P/E Ratio

N/A

52-wk high

39.20

Low

0.01

Div yield

N/A

52-wk low

0.00

Smart for Life, Inc. (NASDAQ:SMFL) has announced a 1-for-3 reverse stock split of its common stock and authorized stock, effective on August 2, 2023. The reverse split is intended to maintain the company's NASDAQ listing compliance and make the bid price more attractive to investors. It is also part of a strategic plan to support future acquisition financings. The company aims to achieve $100 million in annualized revenues and sustained profitability.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:36 am

Smart for Life, Inc. (NASDAQ:SMFL) has announced that its subsidiary Ceautamed Worldwide LLC has expanded its distribution with Vitacost.com, a subsidiary of The Kroger Co. (NYSE:KR). Vitacost.com will distribute the company's proprietary Greens First products on its online platform. The move is part of Smart for Life's strategy to accelerate its omnichannel sales distribution.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 1:15 pm

Smart for Life Inc (NASDAQ:SMFL) has signed a distribution agreement with Boxout for nationwide distribution of its Sports Illustrated Nutrition products. The products will be distributed through Boxout's channels to sports and fitness chains across North America, including Equinox, YMCA, and LA Fitness. Smart for Life acquired the license for the brand from GSP Nutrition Inc in 2021.

Portfolio Pulse from Shivani Kumaresan

July 27, 2023 | 12:48 pm

Smart for Life (SMFL) has announced that its Sports Illustrated Nutrition products will be distributed through an extensive retail network, including top fitness chains Equinox, YMCA, and LA Fitness.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:45 pm

Smart for Life (SMFL) has entered into a broad agreement with Boxout Health for nationwide distribution of the Sports Illustrated Nutrition Line. The deal is expected to significantly expand SMFL's market reach.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:45 pm

The article lists five oversold stocks in the consumer staples sector that could be potential investment opportunities. These include The Estée Lauder Companies Inc. (EL), Smart for Life, Inc. (SMFL), ZIVO Bioscience, Inc. (ZIVO), BRC Inc. (BRCC), and AppHarvest, Inc. (APPH). The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30. The companies have experienced various events such as price target downgrades, compliance with Nasdaq listing requirements, direct offerings, better-than-expected sales, and Chapter 11 filings.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 11:29 am

During Thursday's after-market session, several consumer staples stocks saw significant movement. Blue Star Foods, Better Choice Co, Hempacco, Vintage Wine Estates, AgriFORCE Growing Systems, and Alkaline Water Co all saw increases in their share prices. Conversely, Meiwu Technology Co, Smart for Life, Branchout Food, Steakholder Foods, Eastside Distilling, and Fresh Vine Wine all experienced declines.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 9:32 pm

The article lists four oversold stocks in the consumer staples sector that may present buying opportunities. These include 22nd Century Group, Inc. (NASDAQ:XXII), General Mills, Inc. (NYSE:GIS), The Hershey Company (NYSE:HSY), and Smart for Life, Inc. (NASDAQ:SMFL). The stocks are considered oversold as their Relative Strength Index (RSI) values are near or below 30.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 11:41 am

During Wednesday's session, 43 companies set new 52-week lows. Among them, Tower Semiconductor was the largest company by market cap to set a new low, while Smart for Life was the smallest. Biodexa Pharmaceuticals' stock dropped the most, trading down 7200.15%, while ABVC BioPharma's shares were the most resilient, rising 0.02% from its new low.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:43 pm

32 companies hit new 52-week lows on Friday, with Royalty Pharma being the largest by market cap and Panbela Therapeutics being the smallest. Panbela Therapeutics also experienced the largest move down, with shares plummeting 52.67%.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 5:08 pm

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