Smart for Life, Inc.(NASDAQ:SMFL) shares are trading higher Thursday. The company recently announced the successful completion of its restructuring program.

What To Know:

Smart for Life's restructuring program included recapitalization of the company with equity and debt financings, the sale of certain non-performing assets, the sale and leaseback of its Doral manufacturing facility, the sale of 51% ofCeautamed Worldwide, LLC, a subsidiary, for $3.4 million and the successful liquidation of the company's senior debt facility.

The company also converted select debt obligations to equity which resulted in an approximate 6-fold enhancement of the company's net...