Smart for Life appoints new advisory board members

MIAMI – Smart for Life, Inc. (Nasdaq: SMFL), a health and wellness company, today announced the appointment of David Trosin to its Advisory Board. Trosin is currently the Managing Director of the Health Sciences Accreditation Department of NSF International and has twenty years of industry experience.

Smart for Life chief executive Darren Minton expressed enthusiasm for Trosin's appointment, highlighting his extensive experience in delivering certification and risk management solutions to global clients, including retailers and professional sports organisations. Minton believes Trosin will bring a “unique and strong sense of mission and perspective” to the advisory team.

David Trosin's responsibilities at NSF International include leading a team that provides auditing, testing, certification and training services to a variety of industries, including dietary supplements and functional foods. His efforts have helped many companies achieve safety and quality goals, thereby earning consumer trust and market access.

During his presentation, Trosin shared his dedication to promoting health, wellness and compliance in the nutraceutical industry. He looks forward to leveraging his expertise in Good Manufacturing Practices (cGMP) and certification programs to support Smart for Life's expansion and brand development.

Smart for Life, Inc. is committed to creating a vertically integrated company through a strategy of developing proprietary products and acquiring profitable companies. This strategy was recently supported by a restructuring plan involving recapitalization, asset sales and debt-for-equity swaps that improved the company's balance sheet.

The company is also acquiring Purely Optimal Nutrition, a move expected to boost its revenue and EBITDA.

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Smart for Life's product portfolio includes a variety of nutritional and related products designed to promote health and wellness.

This news is based on a press release.

Investment Professional Insights

Smart for Life, Inc. (NASDAQ: SMFL) welcomes David Trosin to its advisory board, with the company's financial position and market performance providing further context for this strategic move. According to InvestingPro, Smart for Life has an operating market capitalization of just $380,000, indicating its relatively small size in the health and wellness space. The company has seen a significant decline in revenue, with a change of -39.39% in the trailing twelve months to Q3 2023, and an even steeper decline of -48.66% in Q3 2023.

Despite these challenges, the company's stock experienced significant returns last week, with a total share price return of 37.85%. This could indicate market reaction to recent strategic decisions or other external factors. However, it's worth noting that Smart for Life has been dealing with high price volatility, which is an important consideration for potential investors.

Of the various InvestingPro Tips available, two in particular stand out for Smart for Life. The company is known for high shareholder returns, which is attractive to investors looking for returns. On the other hand, the company has been flagged as burning cash quickly, which raises concerns about its financial sustainability and could impact its ability to execute on its growth strategy and acquisitions, such as that of Purely Optimal Nutrition.

For those interested in learning more about Smart for Life's financial and strategic positioning, the InvestingPro platform provides additional insights and tips. For example, there are concerns about the company's ability to manage its massive debt load and whether it might have difficulty paying interest on that debt. These factors and other indicators can be found on InvestingPro, which lists a total of 17 “InvestingPro Tips” for smart living.Investors looking to take advantage of these insights can use the coupon code PRONEWS24 Annual or biennial Pro and Pro+ subscriptions receive an additional 10% discount.

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