Smart for Life Announces LOI to Acquire State-of-the-Art Manufacturer of Vitamins and Supplements

Smart for Life Announces LOI to Acquire State-of-the-Art Manufacturer of Vitamins and Supplements

Official SMART FOR LIFE, INC. press release

MIAMI, Dec. 04, 2023 (GLOBE NEWSWIRE) — Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a high growth global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced that it has executed a Letter of Intent (LOI) to acquire a state-of-the-art manufacturer of vitamins and supplements, which is expected to add an estimated $20 million of revenue on a pro forma basis over the next year.

“We are pleased to announce this latest LOI as part of our M&A strategy in the nutraceutical space,” said A.J. Cervantes, Jr., the Company’s Chairman. “This transaction will be our largest acquisition to date. Upon closing, Smart for Life will be continuing our mission of acquiring complementary businesses at attractive valuations, especially as we grow toward our stated goal of $100 million in revenue.”

“This target acquisition brings significant manufacturing capabilities in the health and wellness sector and should be highly synergistic with our existing channels and brands,” stated Darren Minton, CEO of Smart for Life. “In addition, the company is already audited by a top ten PCAOB accounting firm, which will significantly streamline the due diligence phase, in addition to the overall speed of the transaction. Moreover, we believe Smart for Life can achieve meaningful operating efficiencies by bringing additional capabilities in-house, making this acquisition highly accretive. We look forward to sharing additional information as we complete due diligence and definitive documentation over the coming weeks.”

Completion of the acquisition is subject to completion of due diligence and other closing conditions.

About Smart for Life, Inc.

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. Structured as a publicly held global holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company with an objective of aggregating companies generating a minimum of $300 million in revenues by the fourth quarter of 2026. To drive growth and earnings, Smart for Life is developing proprietary products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company currently operates five subsidiaries including Doctors Scientific Organica, Nexus Offers, Bonne Santé Natural Manufacturing, GSP Nutrition/Sports Illustrated Nutrition and Ceautamed Worldwide/Greens First. For more information about Smart for Life, please visit: www.smartforlifecorp.com.

Forward-Looking Statements

This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.

Investor Relations Contact

Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com

image
image

Primary Logo

Source: Smart for Life, Inc.

2023 GlobeNewswire, Inc., source Press Releases

Scotty McCreery invited by Garth Brooks to become newest Grand Ole Opry member

Scotty McCreery invited by Garth Brooks to become newest Grand Ole Opry member

Christmas came early for multi-platinum-selling country artist and American Idol winner Scotty McCreery.

On Sunday evening, the 30-year-old North Carolina native with five No. 1 Billboard Country Airplay chart singles was invited to join the Grand Ole Opry by Garth Brooks during the Opry’s annual “Country Christmas” show.

“Merry Christmas,” Brooks said after walking onstage and handing McCreery a wrapped gift.

Scotty McCreery invited to become a member of the Grand Ole Opry by Garth Brooks.

“This is a Christmas present to the Grand Ole Opry. We would love to invite you to be the newest member of the Opry.”

“Holy cow. Yes, I would love to,” replied a stunned McCreery.

A longtime Brooks fan, McCreery noted to the crowd that as a frequent Opry performer who had not yet been offered membership, he “didn’t think that dream would become a reality.”

“When I got started doing this people asked, ‘what are your goals,’ I’d say ‘one day I’d like to be a member of the Grand Ole Opry.'”

McCreery then bent down and filled with emotion, touched the circle of wood in the Opry’s center stage.

A professional performer for half of his life, the longtime fan of artists including Brooks, Ronnie Millsap, Randy Travis and Conway Twitty is an avowed classic country fan who told The Tennessean in 2021 that above all else, he loved to “tell stories through a country song.”

His most recent hit, “Damn Strait,” pines after a relationship primarily based around a shared love of “The Chair” performer’s catalog.

McCreery sings, “Damn Strait, I used to love your songs/ But now every time that one comes on/ My heart gets broke in half.”

“We’re thrilled to extend this much-anticipated invitation to our friend Scotty,” said Opry Executive Producer Dan Rogers.

“Whether he’s on the Opry performing his hits, putting his spin on some old favorites during a performance on one of our Opry Country Classics shows, or offering a holiday set as he did tonight, Scotty consistently delivers and is always at home on the Opry stage. It’ll be exciting to hear the words’ Scotty McCreery, you’re a member of the Grand Ole Opry!’ in the early days of 2024.”

McCreery’s induction date will be announced soon.

Brooks has been busy not just downtown at his new Friends in Low Places honky-tonk, but in ushering in a new era of male crooners as Opry members.

Scotty McCreery performs during the Tribute to Ronnie Milsap concert at Bridgestone Arena in Nashville, Tenn., Tuesday, Oct. 3, 2023.

Six weeks ago, chart-topping “Last Night Lonely” vocalist Jon Pardi was officially inducted into the Grand Ole Opry by Brooks.

“This is me and you joined in holy matrimony shared by our love of country music,” said Brooks as he handed the California-born crooner the official Opry member award.

McCreery’s induction raises the total of Opry inductions since March 2020 to 13 Opry membership additions. Not since Willie Nelson and Connie Smith were among a septet of 1964-65 inductions have the Opry’s cast numbers grown so significantly in such a brief period.

For more information on the Grand Ole Opry, visit http://www.opry.com.

A Mother’s Moving Portrait of Her Daughter’s Adolescence

A Mother’s Moving Portrait of Her Daughter’s Adolescence

IDEA co-founder Angela Hill’s latest photo book, Edith, captures two decades of her daughter’s life as she navigates the rocky trials of adolescence

December 04, 2023

This time last year, IDEA co-founder Angela Hill had just released the independent publisher’s most personal publication to date: the first book of her own photography. Titled Sylvia, the tender tome documented its subject’s adolescence with such close familiarity and understanding that many assumed that Sylvia Mann was Angela’s daughter. She wasn’t. But Edith Owen is. 

For her second book, Edith, Hill’s camera becomes the instrument of a mother’s gaze as she photographs her invariably reluctant model Edith with equal parts curiosity and adoration. “A lot of people looking at my Instagram think pictures of Edith are of Sylvia and vice versa,” says Hill. “They both have an extremely strong perspective and are the most diplomatic, peace-loving individuals I have ever met. I became very motherly towards Sylvia and recently went back to shoot her after a 12-year gap; it was like we were in the middle of a sentence, never to be finished.”

Edith, like Sylvia, spans two decades of a young woman’s life but, again, centres around the teenage years when Edith would be Hill’s first choice of model. “Edith has always had an extremely strong sense of style,” Hill tells AnOther. “She was choosing her own carefully coordinated outfits at a very early stage. But she also has this other magical ingredient I need in my models; in that they have no idea of their own beauty or elegance. She took over as my new model and muse when I had stopped photographing Sylvia and have carried on until very recently.”

Naturally, Hill found Sylvia much easier to work with; there was a level of politeness that doesn’t always exist with one’s children. There are plenty of instances in Edith where Hill’s efforts are met with evident displeasure – Edith awkwardly turns from the camera, her gaze on her boots, or confronts it with a furrowed brow – yet this works to the image’s advantage, making for a wholly truthful depiction of a mother-daughter relationship navigating the rocky trials of adolescence.

“Every single shoot with Edith starts out with her in a foul mood, monosyllabic and reluctant. Often monetary bribes take place, and she places a time limit on me – I shoot on an egg timer basically, whilst clearing out my bank account,” the photographer recalls. “There was one time where we went to a bird sanctuary in Essex, not speaking all the way. We started doing the photographs and I couldn’t help but become very emotional as my father used to take me to bird reserves every weekend when I was young. I remember never wanting to go so he would bribe me with promises of buying all my favourite sweets my mother wouldn’t allow. As I started crying that day, Edith melted slowly, and I was able to get some wonderful shots.”

Although several of the photographs were originally shot for editorials, the hallmarks of Hill’s raw style and elegant proficiency in simplicity are most striking in pictures of Edith at home in her bedroom, on the train or wrapped up in the wilderness. Always shot on 35mm film without hair and makeup, lighting or retouching, the photographs have a cinematic quality, presented as a series of film stills from a bildungsroman. To guide this, Hill drinks deep from a well of filmmakers most notably echoing the poignant framing of Wim Wenders Paris, Texas and RW Fassbinder as well as the subdued palette of Lionel Jeffries’s The Railway Children.

“I have a lot of equivocal thoughts about how many shoots the world needs, so for me these images need to have a deeper meaning. I always shoot Edith in places that are very close to my heart; locations that I used to visit as a child with my father. His inquisitive nature took us on family holidays in his VW Beetle through the Scottish Highlands, Cornwall, Devon, Norfolk and Suffolk. With every model I photograph, I take them back to these sites and explain all of this to them. They become a character in this ‘film’ of sorts that I’m creating.”

With Edith, Hill perfectly realises the photographic impulse to observe, understand and memorialise. Cossetted in a scratchy woollen jumper, the book is a dedication of unbounded, persistent love, uniquely shared between mother and daughter.

Edith by Angela Hill is published by IDEA, and is out now

Alert for Photographers: Package Theft Soars to Record Levels |

Alert for Photographers: Package Theft Soars to Record Levels |

As the holiday season approaches, the Better Business Bureau has issued a warning to photographers, revealing that package theft is currently “at an all-time high.” This troubling trend is a cause for concern, especially as we anticipate an increase in package deliveries during this busy holiday season.

One Milwaukee resident, Latisha Franklin, experienced this issue firsthand when her doorbell camera captured a brazen thief in action on November 7th. In the footage, a woman approached Franklin’s front door, nonchalantly placed an empty McDonald’s box, and made off with a recently delivered package. Franklin’s response was one of disbelief, stating, “I think I came home maybe 15 minutes later and realized the package was gone. For things like that, I didn’t think I would need to review my camera footage within a month of living here.”

Unfortunately, Franklin is not alone in facing such a situation. Many photographers and residents have fallen victim to package theft, sometimes mere minutes after a delivery. According to Lisa Schiller from the Better Business Bureau of Wisconsin, this is an issue that could worsen over time. She emphasizes the gravity of the situation, stating, “It’s at an all-time high. That’s a huge problem, very big concern. This is the month that we are going to have more package deliveries than ever, so it’s an opportune time for criminals.”

In light of these circumstances, it’s essential for photographers to take proactive measures to protect their valuable equipment and supplies. Schiller offers valuable advice to safeguard against package theft: “Don’t leave the packages unattended for long periods of time at least. If you have a neighbor, you could always ask them to bring the item in for you. Pick up the package later.”

For those who, like Franklin, are particularly concerned about the safety of their deliveries, they may consider having expensive items shipped to an alternate address, even if it may not be the most convenient option. Franklin reflects on the unfortunate reality, saying, “It is unfortunate now that we have an added need to check when our packages are coming.”

A study by Capitol One Shopping reveals the gravity of the situation, with 14% of Americans reporting a stolen package last year. As photographers, it’s crucial to be vigilant and proactive in protecting your valuable photography gear and supplies, especially during this high-risk season of increased package deliveries.

Photography center’s latest home makes for a pretty picture

Photography center’s latest home makes for a pretty picture

The Colorado Photographic Arts Center has changed locations with considerable frequency over its 60-year history, and no one knows that better than its current executive director, Samantha Johnston. During her tenure — just eight years now — CPAC has had four different headquarters in various parts of Denver.

Each move was more than packing and unpacking. It also required adjusting to new gallery spaces, setting up classrooms for its students, transporting the organization’s substantial in-house holdings and launching a fresh campaign to tell the public exactly where they could find CPAC’s popular exhibitions of work by photographers from Colorado and beyond.

Is it real or staged? Jason McKinsey’s archival pigment print “The Commuter.” (Provided by the Colorado Photographic Arts Center)

But CPAC’s latest change of place, to the first floor of a high-rise at 1200 Lincoln St., might serve it for the long haul. Everything feels right about it, particularly its physical location, on a busy thoroughfare in the culturally rich Golden Triangle Creative District.

The neighborhood is a regular destination for art fans already and, for many, CPAC’s new building will be familiar, too. For several years, it housed the Art Institute of Colorado, which shut down in 2018. The structure has since been converted into residential apartments.

CPAC has a 10-year lease, with the option to extend that another 10 years, according to Johnston.

The new CPAC home is, to use an appropriate adjective, photogenic. Johnston spent more than two years — working with architect Nathan Gulash of Semple Brown Design — customizing the 4,000-square-foot space to fit its needs. There are work rooms, dark rooms, offices, stacks for the archives and an L-shaped exhibition hall with a sliding wall that will allow it to be divided up for multiple shows.

The pair kept things neat and clean, and monochromatic. The walls are white, of course, and the ceiling, with its plumbing and duct work exposed, is matte black. The galleries are elegant, but meant to disappear in favor of the photo shows that will occupy them.

The current exhibition, titled “Tell Me a Story,” fits the space well. The show, which runs through Jan. 6, features work by a mix of regional, national and international photographers. Guest juror Mary Statzer, the chief photography curator at the New Mexico Museum of Art, chose the work from more than 500 submissions.

“Tell Me a Story” explores the idea of photography as a format for storytelling, but in a very specific way. What is the power, the show asks, of a single image, to relate a complex human tale?

The answer comes in 32 photos — digital prints on paper, for the most part — rendered in various shapes and sizes, and in different styles. Many fit easily into the common language of visual arts. For example, some are portraits, while others are landscapes. Some photos capture domestic scenes of everyday life, others are clearly staged. Most fall somewhere in the middle of all that.

One example is photographer Mark Coggins’ shot, titled “4-H Club,” a black-and-white image that captures a teenage boy, dressed in a hoodie, nestled up with two pigs.  All three of them are enjoying a nap. The photo is set in the sort of metal pen that will look familiar to anyone who has wandered the hay-filled halls of Denver’s annual Stock Show and watched kids compete with their livestock.

Jesse Freidin's archival inkjet print

Is it a traditional portrait? It goes a long way toward capturing the personality of this young competitor. Or does it fall under the category of photojournalism or documentary? It is certainly meant to freeze a moment in time at an important cultural event.

The same questions surround the photo titled “The Commuter,” by Jason McKinsey, which presents a middle-aged man behind the wheel of an automobile. He is apparently stalled in traffic, looking off into the distance, waiting for things to move along during rush hour.

Several things make this image compelling. First, it captures the man through his windshield — how did the photographer get such a vantage point? Second, is it a real scene or manufactured? Is this an actual instance in a daily commute or is the man an actor and the whole image fiction? The piece has a cinematic feel.

And more to the point of the exhibition overall, what is the narrative here? Who is this guy? Where is he coming from and where is he going? The image begs us to fill in the missing parts.

That is true with nearly all of the photos in “Tell Me a Story.”  Each is a mystery without quite enough clues to solve. They hint at a bigger tale, giving us neither the beginning nor the end, just a split second of the action.

I found them provocative but also frustrating, a reminder that we can never understand the whole truth by looking at a single moment in time. We can only guess — and we often guess wrong.

This exhibit is content to dwell in the conundrums, and many viewers will enjoy that. Humans love a good puzzle, and this show succeeds by delivering them in overwhelming numbers.

But it also, quite clearly, shows the inability of single photographic images — served up without context or captions or other photos — to convey complicated truths. When people fill in the blanks, they bring their own biases and personal histories into the equation, including their preconceptions about race, class, gender, politics and social history, and that influences their comprehension. These photos spark the imagination but they also invite misinterpretations in a way that feels not quite right.

image
John Bonath’s “Forbidden Fruit” is printed with archival pigment ink on canvas, surfaced with wax. (Provided by the Colorado Photographic Arts Center)

Instead of being powerful narrative tools, the solitary photos can feel like weak links in the information chain. They want us to come to conclusions without all the facts, to feel smart and well-informed when, in fact, we know little. They are certainly not dangerous in any way, but they underscore how some images — especially those manufactured through artificial means with the intent of serving as propaganda — might actually be dangerous.

Either way, they are riveting, and the show is exceptionally cohesive and relentlessly on point. Viewers might find the shots inspirational or be annoyed by the whole exercise, though they will, no doubt, stare for a very long time.

Ray Mark Rinaldi is a Denver freelancer who specializes in fine arts.

Subscribe to our weekly newsletter, In The Know, to get entertainment news sent straight to your inbox.

How modern-day skiers and Native American spirituality can connect on the slopes

How modern-day skiers and Native American spirituality can connect on the slopes

For big-mountain skier Connor Ryan, skiing is a deeply spiritual experience. As a Hunkpapa Lakota Native American, he believes the mountains themselves are alive with spirits, along with the spirits of Indigenous Utes who inhabited them for centuries before miners came to Colorado in the 18th century.

When Ryan climbs and skis big peaks blanketed in backcountry powder, he sings prayers in his Native language while hoping non-Native skiers and snowboarders understand the need to respect the mountains even as they use them for recreation.

“The ski industry, and the outdoor industry, they need to reconcile with the fact that this whole industry happens on Native land,” Ryan said in a ski film he made in 2022 called Spirit of the Peaks. “They are places that have been deeply related to Indigenous people for so long, and there’s not blame in that statement, but there is responsibility that’s needed on the other side.”

Ryan’s film was produced in conjunction with NativesOutdoors, a Native-owned creative and athletic collective that also has been involved in initiatives with Winter Park Resort, Ryan’s home mountain. Through the collective, Native skiers and artists worked to create art pieces installed on the mountain this year that reflect awareness of the area’s Native heritage, connection to the land and ecology.

A new art installation at the summit of Winter Park Resort at Sunspot honors the historic relationships Indigenous people had with the landscape long before it became a ski resort.  The ski area partnered with NativesOutdooors, a Native-owned athletic and creative collective, on the project. (PROVIDED BY WINTER PARK RESORT)

At the summit of the mountain is a new monument with a pattern created by Native artists Jordan Craig and Vernan Kee. It depicts prominent mountains in four directions — Longs Peak to the north, Parry Peak to the east, Mount Blue Sky (formerly known as Mount Evans) to the south and Byers Peak to the west — along with a river flowing from them. On the monument is one Ute word, Heniiniini, which means “There is snow on the ground.”

Elsewhere on the mountain, a new snow stake incorporates the same four mountains, rivers flowing from them, and a snow measuring stick with a Native artwork pattern.

“I wrote the initial vision statement as someone who knew all the artists who were going to be working on it, but also as someone who closely knows the community of Winter Park and tried to find that intersection of where the work of the artists and the community intersect,” Ryan, who grew up in the Front Range, said in an interview.

“I do a lot of other work with (Winter Park) to get Native American folks up to experience the mountain through skiing. Less than half of a percent of skiers, according to Snowsports Industry America (an industry trade association) are Native American or Indigenous,” he said. “Increasing that representation starts with having a reflection of ourselves be visible on the mountain, but also the other work Winter Park does to be more accessible to people of all backgrounds.”

Two years ago, Winter Park issued a statement saying it “acknowledges and honors that the land on which we operate today is the traditional and ancestral homelands of the Nookhose’iinenno (Arapaho), Tsis tsis’tas (Cheyenne), and Nuuchu (Ute).” That statement also pledged, “We reaffirm and recognize that connection both through our words here and our actions.”

Reverence for the land reflected in the new artworks on the mountain also is a call to environmental sensitivity. Snowmelt at Winter Park drains into the Fraser River, which feeds the Colorado River not far from its headwaters in Rocky Mountain National Park.

“All that snowfall is going to provide life to countless ecosystems and communities between here and the Sea of Cortez,” Ryan said. “People through skiing are getting connected to the snowpack, to ecology, and realizing a lot of the things that Native American people have valued about these landscapes for a really long time. To me it’s a place where we can find that commonality around conserving and protecting what is valuable, and at the same time for Native American folks, it represents a potential economic and career space for our people to be in that is more in line with our cultural values. Recreation is far more sustainable than extractive industry.”

Subscribe to our weekly newsletter, The Adventurist, to get outdoors news sent straight to your inbox.

Rome native celebrates Capitol Theatre memories with live performance series

Rome native celebrates Capitol Theatre memories with live performance series
image

ROME — Growing up in and around the Capitol Theatre is now inspiring Rome native Bill DiPaolo to help bring some major entertainment performances to the downtown venue.

DiPaolo, president of Rome-based Entertainment Services and a Rome Free Academy class of 1992 graduate, recalled his late father Tony DiPaolo – an icon in the local entertainment industry himself – was a projectionist at the theater. As a youngster, the younger DiPaolo came to the theater with his dad and cleaned and painted and helped with just about any job he was capable of doing.

Art Market features local artists’ work

Art Market features local artists’ work







Art Market at The Landing

Patti Hanley, Sharpsville (right), purchases jewelry from Lauren Potts, Austintown, Ohio, and Chris Daniels, Lowellville, Ohio, Saturday at the Art Market at The Landing in downtown Sharon.



SHARON – Patti Hanley decided to visit the Art Market Saturday with a friend in part because she knows a couple of the vendors.

“There’s some gorgeous things here,” said Hanley, of Sharpsville. “This is great.”

Hanley purchased a necklace from Lauren Potts of Austintown, Ohio, and Chris Daniels of Lowellville, Ohio. Potts creates the designs and Daniels, who has a degree in geology, goes with Potts to pick out the stones she uses in her jewelry.

Potts started bringing her jewelry to the Art Market because she is friends with one of the organizers.

Alane Jewel, and Jen Crisan and Crisan’s husband, Daniel Horne, have organized the event that has been running around the holidays for four years.

Jewel and Crisan are artists who manned their own booths at the show with Steve Vuich as entertainment, taking donations for the Community Food Warehouse of Mercer County.

Crisan and Jewel both have studio space in The Landing. The show started in 2018 when Crisan and Horne thought the center needed an art show.

The first year, they opened up their studio space to have the show then in 2019, the show expanded to the main lobby and adjoining room inside The Landing.

The show ran Friday and Saturday. About 200 people came through on Friday, and Jewel and Crisan were expecting the same amount Saturday.

“I feel like everybody I talked to today is doing well, selling, and that’s what we want,” Jewel said. “We want to make sure our artists are selling and that traffic comes through.”

The show has a variety of everything from pottery to jewelry to sculpture art and photography.

“We’ve got it all,” Jewel said. “Someone can find a handmade gift here that’s homemade.”

And it all comes through the arts in Sharon, Crisan said.

“It’s important to get the artists together to have a place to sell their work. There’s not a lot that we have around here,” Crisan said. “It’s nice for them to have an outlet for sales, especially for the holidays.”

Follow Melissa Klaric on twitter @HeraldKlaric or email her at mklaric@sharonherald.com