MIAMI, April 08, 2024 (GLOBE NEWSWIRE) — Good for Life, Inc. (Nasdaq: SMFL) (“Good for Life” or the “Firm”), a world chief within the Well being & Wellness sector advertising and marketing and manufacturing dietary meals and dietary supplements worldwide, right now launched a company video relating to the definitive settlement to amass Purely Optimal Nutrition, a premier eCommerce nutraceuticals firm with operations in North America.
The company video that includes Good for Life’s CEO, Darren Minton, might be discovered at: https://smartforlifecorp.com/2024/04/08/video-ceo-of-smart-for-life-darren-minton-announces-purely-optimal-acquisition/.
“We’re excited to announce one other milestone as a part of our M&A technique, designed to ascertain Good for Life as a significant worldwide pressure within the Well being & Wellness sector,” acknowledged Darren Minton, CEO of Good for Life. “This acquisition will not be solely anticipated to increase our providing to incorporate Purely Optimum’s product line, which incorporates dozens of high-quality dietary supplements, however will allow us to attain extra economies of scale by way of our present operations. Purely Optimum is presently producing estimated income in extra of $8 million and over $1 million of Adjusted EBITDA for the trailing twelve months. We sit up for making additional bulletins relating to our M&A initiatives in 2024 and past.”
The acquisition is anticipated to shut throughout the subsequent eight weeks and is topic to financing and customary closing circumstances.
About Good for Life, Inc.
Good for Life, Inc. (Nasdaq: SMFL) is engaged within the improvement, advertising and marketing, manufacturing, acquisition, operation and sale of a broad spectrum of dietary and associated merchandise with an emphasis on Well being & Wellness. Structured as a publicly held holding firm, the Firm is executing a Purchase-and-Construct technique with serial accretive acquisitions making a vertically built-in firm. To drive progress and earnings, Good for Life is growing proprietary merchandise in addition to buying different worthwhile firms, encompassing manufacturers, manufacturing and distribution channels. The Firm has additionally commenced the execution of a restructuring plan together with recapitalization of the Firm with fairness and debt financings, the sale of sure non-performing property, the potential sale and leaseback of the Firm’s 18,000 sq. ft. Doral manufacturing facility and the latest liquidation of the Firm’s senior debt facility. As well as, the Firm is changing sure debt obligations to fairness to materially enhance the Firm’s stability sheet. The Firm has signed a definitive settlement for the acquisition of Purely Optimum Diet, which is anticipated so as to add extra income and EBITDA. For extra details about Good for Life, please go to: www.smartforlifecorp.com.
Ahead-Trying Statements
This press launch could include details about our views of future expectations, plans and prospects that represent forward-looking statements. All forward-looking statements are primarily based on administration’s beliefs, assumptions and expectations of Good for Life’s future financial efficiency, bearing in mind the knowledge presently out there to it. These statements will not be statements of historic truth. Though Good for Life believes the expectations mirrored in such forward-looking statements are primarily based on cheap assumptions, it may give no assurance that its expectations shall be attained. Good for Life doesn’t undertake any responsibility to replace any statements contained herein (together with any forward-looking statements), besides as required by legislation. No assurances might be made that Good for Life will efficiently purchase its acquisition targets. Ahead-looking statements are topic to a variety of components, dangers and uncertainties, a few of which aren’t presently identified to us, that will trigger Good for Life’s precise outcomes, efficiency or monetary situation to be materially completely different from the expectations of future outcomes, efficiency or monetary place. Precise outcomes could differ materially from the expectations mentioned in forward-looking statements. Elements that might trigger precise outcomes to vary materially from expectations embody basic business issues, regulatory modifications, modifications in native or nationwide financial circumstances and different dangers set forth in “Danger Elements” included in our filings with the Securities and Change Fee.
Disclaimer
The knowledge offered on this press launch is meant for basic information solely and isn’t an alternative choice to skilled medical recommendation or remedy for particular medical circumstances. At all times search the recommendation of your doctor or different certified well being care supplier with any questions you might have relating to a medical situation. This info will not be meant to diagnose, deal with, remedy or forestall any illness.
Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com
The submit Good for Life Releases Company Video on Definitive Settlement to Purchase Purely Optimum Diet – TipRanks Monetary Weblog appeared first on DailyBusiness.