The stock of Smart for Life, Inc. (NASDAQ: SMFL) is increasing on US charts today; as of the latest check, it was up 42.14% to $1.99. The increase in SMFL stock is occurring in the lack of any news that seems noteworthy. After that, we may focus on current events that might be impacting the stock price in order to gain more understanding.
In anticipation of heightened capital markets and mergers and acquisitions activity, Smart for Life (SMFL) has recently broadened its executive team. Jessica Walters, senior vice president of marketing, and Mark Beychok, executive vice president, are the new members of the SMFL team.
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Any business’s ability to succeed is largely dependent on how well-run its management is, and both of these executives have a history of working closely with SMFL management and have demonstrated their talents in related industries. From 2003 until 2007, Mark Beychok served as Vice Chairman of Trilogy Capital, an affiliate of Smart for Life, and was largely responsible for the company’s success during that period.
Furthermore, before joining as Senior Vice President of Marketing, Jessica Walters was a highly experienced digital marketing executive who offered extensive consulting services to a wide range of businesses in diverse sectors. Implementing high-level 506(c) debt financing initiatives is part of her mandate.
With two materials acquisitions in the negotiating stages that may generate around $25 million in revenue each, Smart for Life is concentrating on its goal of completing both of these purchases by the end of Q1 and implementing a significant reorganization program. As part of a larger plan of restructuring, SMFL views these actions as include capital markets tactics, the sale of some non-performing assets, and enhancements to its shareholder ownership.
In the upcoming weeks and months, the firm is probably going to make further announcements about its strategic M&A and financing plans, especially with the highly experienced additions to the SMFL executive team.
