Smart for Life Announces Execution of Comprehensive Canadian Distribution Agreement for its Nutritional Food Products
26 Junho 2023 - 10:00AM
Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the
“Company”), a global leader in the Health & Wellness sector
marketing and manufacturing nutritional supplements and foods
worldwide, today announced an agreement with Two Hands Corporation
(CSE: TWOH) (OTC: TWOH), a leading distributor of food related
products in Canada. The announcement was made jointly by Nadav
Elituv, President of Two Hands Corporation and Darren Minton, Chief
Executive Officer of Smart for Life.
“Expansion of our sales in both domestic and
international markets is a key component of our growth strategy as
part of our stated goal of reaching $100 million in revenue.
Towards this end we are very proud to introduce Smart for Life to
additional consumers across Canada,” stated Darren Minton, CEO of
Smart for Life. “Although followers of Smart for Life’s products
have been familiar with our offering in Costco Canada based on our
presence there over the years, we are looking forward to
significantly expanding our audience of consumers to include a wide
gamut of additional distribution partners and retail channels. We
believe our partnership with Two Hands will take our distribution
in Canada to the next level.”
“Smart for Life is known for its commitment to
quality and innovation. In particular, their protein bars offer a
combination of great taste, nutritional benefits, and convenience
that resonates with today's health-conscious consumers,” stated
Nadav Elituv, President of Two Hands Corporation.
Mr. Elituv continued, “Our team has been
impressed by the variety and quality of Smart for Life's products.
We are ready to kickstart this exciting partnership and look
forward to working closely with Smart for Life to ensure a
successful launch in the Canadian market. This partnership marks a
significant step in Two Hands' commitment to bringing diverse,
high-quality nutritious options to our customers.”
Smart for Life’s distribution agreement with Two
Hands Corporation is expected to result in initial shipments of
products into Canada beginning in Q3 2023.
About Two Hands Corporation
Two Hands Corporation (CSE: TWOH) (OTC: TWOH) is
a Canadian-based distribution company focused exclusively on the
grocery market through the Cuore Food Services brand. Two Hands’
inventory is updated continuously and generally consists of
produce, meats, pantry items, bakery & pastry goods, gluten
free goods, and organic items, acquired from various suppliers in
Canada and internationally. For more information about Two Hands
Corporation, please visit: www.twohandsgroup.com.
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.
Investor material and a Fact Sheet with additional information
about Smart for Life is available at:
www.smartforlifecorp.com/investor-center.
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.
Disclaimer
The information provided in this press release
is intended for general knowledge only and is not a substitute for
professional medical advice or treatment for specific medical
conditions. Always seek the advice of your physician or other
qualified health care provider with any questions you may have
regarding a medical condition. This information is not intended to
diagnose, treat, cure or prevent any disease.
Investor Relations Contact for Smart for
Life
Crescendo Communications, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
Investor Relations Contact for Two Hands
Corporation
Two Hands CorporationIR@twohandsapp.com
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