HEALTHIER CHOICES MGMT - HCMC STOCK NEWS

Healthier Choices Management Corp (OTC Pink: HCMC) has acquired GreenAcres Market, an organic and natural health food chain with five stores in Kansas and Oklahoma. This acquisition marks HCMC's expansion into the Midwest US market. GreenAcres offers organic produce, natural groceries, dietary supplements, and freshly prepared food from national and local brands.

HCMC's CEO, Jeffrey Holman, views this as a strategic move towards the company's growth goals, anticipating that the acquisition will boost annual top-line revenue to approximately $75 million. The acquisition aligns with HCMC's commitment to sustainable growth in the organic supermarket industry and its long-term objectives.

Healthier Choices Management Corp. (HCMC) reported strong financial results for the first quarter of 2024, with record sales of $15.9 million, up 17% from Q1 2023, and a record gross profit of $6.1 million, up 23% from the same period last year. Despite a net loss increase, adjusted EBITDA improved by 17%. The CEO highlighted the revenue growth and gross margin improvement, emphasizing the company's expansion strategy and commitment to bottom line profitability.

Healthier Choices Management Corp. (HCMC) reports strong financial results for Q4 2023 and FY 2023, with record sales and gross profit. Net sales increased by 29% in Q4 and 90% for the full year. Gross profit rose by 41% in Q4 and 99% for the year. Adjusted EBITDA improved by $1.5 million in Q4. The company experienced a net loss due to non-cash charges and non-recurring expenses.

Healthier Choices Management Corp. (OTC Pink: HCMC) announced record sales of $12.7 million for the third quarter, marking a 120% year-over-year growth. Gross margin also reached a record $4.6 million, reflecting a 149% increase compared to the same period in 2022. The company's adjusted EBITDA for the third quarter remained flat year-over-year due to non-recurring expenses. For the nine-month period, net sales amounted to a record $39.8 million, with a 135% increase compared to 2022. Gross margin for the nine months reached a record $14.6 million, marking a 137% year-over-year growth. Adjusted EBITDA for the nine-month period amounted to ($5.1) million, with over $1.3 million in non-recurring expenses. The company's CEO expressed satisfaction with the sales growth and highlighted strategic investments in the natural foods grocery business, including the recent acquisition of Ellwood Thompson. The condensed consolidated financial statements showed a significant increase in gross profit, while the non-GAAP financial measure of Adjusted EBITDA was explained in detail.

Healthier Choices Management Corp. acquires Ellwood Thompson’s, a premier natural foods store in Richmond, Virginia, expecting total revenue of $70,000,000 on an annualized basis.

Healthier Choices Management Corp. files patent infringement lawsuit against R.J. Reynolds Vapor Company over Vuse electronic cigarette.

Healthy Choice Wellness Corp. announces public filing of Form S-1 for IPO and spin-off of wellness segment subsidiaries. HCWC to distribute dividend in pro rata basis to HCMC shareholders. IPO is for 400,000 shares with option for additional 60,000 shares. HCWC Class A common stock to be freely tradable upon issuance. HCWC in application process to list on NYSE American Exchange. HCMC will retain patent suite and enforce patent rights. IPO and spin-off expected to be completed in Q4.

Healthier Choices Management Corp. (OTC Pink: HCMC) reports record sales of $13.6M for Q2 2023, a 121% increase YoY, and a gross margin of $5.1M, a 118% YoY increase. Net sales for H1 2023 amounted to a record $27.1M, a 143% increase YoY, with a gross margin of $10.0M, a 132% YoY increase. Adjusted EBITDA for Q2 2023 was approximately $1.7M, compared to $1.1M in the same period last year. Non-recurring expenses of over $0.6M were incurred in Q2 2023. The company is pleased with its sales growth and confident in its direction.