Smart for Life, Inc. SMFL Shares are trading higher on Wednesday after the company said it is negotiating the acquisition of four health and wellness targets as part of its post-restructuring initiatives.

The details:

According to an exclusive report by Benzinga, Smart for Life is looking for profitable companies in the nutraceuticals industry with annual revenues between $5 million and $25 million.

The company announced that it is negotiating the following acquisitions:

• Purely optimal nutrition – Smart for Life and Purely Optimal management are actively working to restructure sales initiatives to improve Purely Optimal’s profitability prior to the completion of the acquisition.
• Fluid Manufacturer – Contract manufacturer with approximately $12 million in revenue and profitability in the previous fiscal year.
• Established nutritional supplement brand – Historical sales of approximately $10 million annually and profitable in nutraceuticals.
• Wholesale manufacturer and distributor – Generates approximately $8 million in sales with profitability in retail channels.

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“We believe this pipeline represents a significant addition to our M&A initiatives,” said Darren MintonCEO of Smart for Life.

“While there is no guarantee that any particular acquisition will be completed, we believe the growing acquisition pipeline presents tremendous future opportunities for the Company. We look forward to keeping everyone updated on our developments as we continue to execute on our strategy and achieve our publicly stated goal of $100 million in revenue through organic growth and M&A initiatives.”

Smart for Life shares are soaring on Wednesday on heavy trading volume as investors digest the acquisition announcement. More than 53 million shares have already traded in the session, compared to a float of just 110,629 shares, according to data from Benzinga Pro.

How to buy SMFL shares:

In addition to acquiring a stock—or a portion of a stock—through a brokerage platform, you can also purchase an exchange-traded fund (ETF) that holds the stock itself, or by pursuing a strategy in your 401(k) plan that aims to acquire shares of a mutual fund or other instrument.

In the case of Smart for Life, for example, the sector is consumer staples. An ETF will likely hold shares of many liquid and large companies that track this sector, allowing an investor to participate in the trends in this segment.

SMFL price promotion: According to Benzinga Pro, Smart for Life shares are up 97.9% at $1.92 at the time of publication on Wednesday.

Image: Courtesy of Smart for Life, Inc.