MIAMI, April 08, 2024 (GLOBE NEWSWIRE) — Sensible for Life, Inc. (Nasdaq: SMFL) (“Sensible for Life” or the “Firm”), a world chief within the Well being & Wellness sector advertising and manufacturing dietary meals and dietary supplements worldwide, at this time launched a company video concerning the definitive settlement to amass Purely Optimal Nutrition, a premier eCommerce nutraceuticals firm with operations in North America.
The company video that includes Sensible for Life’s CEO, Darren Minton, will 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 method, designed to ascertain Sensible for Life as a serious worldwide power within the Well being & Wellness sector,” said Darren Minton, CEO of Sensible 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 current 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 look ahead to making additional bulletins concerning our M&A initiatives in 2024 and past.”
The acquisition is anticipated to shut inside the subsequent eight weeks and is topic to financing and customary closing situations.
About Sensible for Life, Inc.
Sensible for Life, Inc. (Nasdaq: SMFL) is engaged within the growth, advertising, 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 development and earnings, Sensible for Life is creating proprietary merchandise in addition to buying different worthwhile corporations, 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 belongings, 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 steadiness 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 Sensible for Life, please go to: www.smartforlifecorp.com.
Ahead-Trying Statements
This press launch might include details about our views of future expectations, plans and prospects that represent forward-looking statements. All forward-looking statements are based mostly on administration’s beliefs, assumptions and expectations of Sensible for Life’s future financial efficiency, bearing in mind the data presently accessible to it. These statements are usually not statements of historic reality. Though Sensible for Life believes the expectations mirrored in such forward-looking statements are based mostly on affordable assumptions, it may give no assurance that its expectations might be attained. Sensible for Life doesn’t undertake any obligation to replace any statements contained herein (together with any forward-looking statements), besides as required by regulation. No assurances will be made that Sensible 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 recognized to us, that will trigger Sensible for Life’s precise outcomes, efficiency or monetary situation to be materially totally different from the expectations of future outcomes, efficiency or monetary place. Precise outcomes might differ materially from the expectations mentioned in forward-looking statements. Elements that might trigger precise outcomes to vary materially from expectations embody basic business concerns, regulatory modifications, modifications in native or nationwide financial situations and different dangers set forth in “Threat Elements” included in our filings with the Securities and Trade Fee.
Disclaimer
The knowledge supplied on this press launch is meant for basic information solely and isn’t an alternative to skilled medical recommendation or remedy for particular medical situations. At all times search the recommendation of your doctor or different certified well being care supplier with any questions you might have concerning a medical situation. This data will not be meant to diagnose, deal with, remedy or stop any illness.
Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com
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