09:13 AM EDT, 08/21/2024 (MT Newswires) -- Smart for Life ( SMFL ) shares were up 165% in recent Wednesday premarket activity after the company said it is in talks to acquire several firms as part of its post-restructuring efforts.

Aside from its previously announced acquisition of Purely Optimal Nutrition, Smart for Life ( SMFL ) said it is in talks with three other health and wellness firms. It is also considering at "several additional prospects in exploratory discussions."

Smart for Life ( SMFL ) said it is "preliminarily targeting companies with between $5 million and $25 million in annual revenue," and that it is interested in publicly held groups.

Price: 2.5704, Change: +1.60, Percent Change: +164.99