New to The Street airs TV Host Jane King’s interview with A.J. Cervantes, Founder/Executive Chairman of Smart for Life, Inc. (NASDAQ: SMFL) ($SMFL). The Company is a global leader in the nutraceutical industry that develops and markets nutritional and health/wellness products. Formed in 2018, AJ explains how the COVID-19 pandemic changed the Company for the better. Many people now look to maintain and achieve healthier lifestyles, and Smart for Life offers products and services to help. Through an aggressive M&A strategy and only acquiring profitable entities, the Company believes it can obtain revenues of $100M in the next 12 months and $300M in 36 months. The Company has completed five acquisitions, four of which in the last 18 months. Management believes each acquisition or pending acquisitions are accretive to operations. Brands, manufacturing facilities, services, consumer patronage, and profitability are crucial when SMFL looks to acquire a company. The Company has two manufacturing facilities in Florida, one in Riviera Beach, Florida, that makes nutritional food products, and the other in West Miami, Florida, that makes vitamins and capsules. Many synergies exist within the Company’s subsidiaries, where cross-marketing, brand awareness extension and new product developments occur. AJ gives a few examples of how they are working on new brand extensions with their protein bars. Smart for Life creates its own product line and private label products. The Company’s GSP Nutrition, Inc. has an exclusive license with the Sports Illustrated Nutrition brand for specific nutritional supplements. Management believes they have the capital resources to continue to pursue their M&A strategy and to grow internally. The on-screen QR code is available during the show; download or visit Smart for Life, Inc. (NASDAQ: SMFL) – https://smartforlifecorp.com/. The interview will air on Newsmax, episode 471, on May 27, 2023, at 3:30 PM ET, and Bloomberg TV, episode 472, on May 27, 2023, at 6:30 PM ET.
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