Welcome to our dedicated page for Healthier Choics news (Ticker: HCMC), a resource for investors and traders seeking the latest updates and insights on Healthier Choics stock.
Healthier Choices Management Corp. (HCMC) delivers innovative solutions and organic retail offerings through its dual business segments. This news hub provides investors and stakeholders with timely updates on corporate developments across both vapor technology and natural market operations.
Access official press releases, SEC filings, and market analyses in one centralized location. Track earnings announcements, product innovations in vaping technology, and expansion initiatives within the organic retail sector. Our curated collection ensures you stay informed about regulatory updates, partnership agreements, and strategic business decisions impacting HCMC's market position.
Discover updates spanning:
- Quarterly financial results and investor communications
- New product launches in vapor device technology
- Operational developments at Ada's Natural Market locations
- Industry recognition and compliance achievements
Bookmark this page for continuous access to verified information about HCMC's progress in creating healthier consumer alternatives. Check back regularly for unfiltered updates directly from corporate sources and regulatory filings.
Healthier Choices Management Corp. (HCMC) announced a comprehensive four-point plan to enhance shareholder value. Key elements include a $5 million share buyback, a spinoff of certain assets into a new publicly traded company, a stock dividend for HCMC shareholders in the new entity, and equity capital raises from institutional investors. The spinoff, anticipated to be tax-free and finalized in Q4 2022, will include retail entities while retaining HCMC's patent rights. The plan aims to counteract low stock price performance despite recent revenue growth, including a 46% increase in Q1 2022 year-over-year.
Healthier Choices Management Corp. (HCMC) announced a strategic plan to enhance shareholder value, detailed in a letter from CEO Jeffrey Holman. Key elements include a buyback of up to $5 million in common stock, a spinoff of certain assets into a new public entity, a stock dividend to shareholders of the new company, and capital raises from institutional investors. HCMC aims to improve stock performance despite recent revenue growth, with a projection to nearly double year-over-year revenue from 2021 to 2022. The spinoff is expected to close in Q4 2022, subject to board approval and regulatory requirements.
Healthier Choices Management Corp. (HCMC) announced a record sales figure of $6.1 million for Q2 2022, reflecting an 81.1% year-over-year increase. The gross margin reached $2.3 million, up 59.3% from the previous year. Despite these gains, the company reported a loss from operations of approximately $1.4 million, an increase from $0.7 million in Q2 2021, mainly due to non-recurring expenses. Over the first half of 2022, net sales totaled $11.2 million, marking a 63.2% increase compared to $6.9 million in 2021.
Healthier Choices Management Corp. (HCMC) announced its partnership with NHL goalie Jeremy Swayman to promote Healthy Choice Wellness Center's IV services in Boston. This initiative aims to raise awareness through social media and community events. The center, overseen by Dr. Steven Zivich, will offer a variety of IV treatments to enhance wellness. Swayman, excited about promoting a healthy lifestyle, will participate in meet-and-greet events at the Boston Direct Health location, allowing clients to engage with him personally.
Healthier Choices Management Corp. (OTC Pink: HCMC) has secured an exclusive contract with Elevated Living to provide in-home IV Therapy Treatments at nine luxury condominiums in Fort Lauderdale, Florida. Elevated Living, a leader in luxury resident services, enhances the living experience by allowing residents to book various lifestyle services online. HCMC CEO Jeff Holman expressed enthusiasm about expanding client access to wellness services, predicting increased treatment frequency and client base growth. This partnership marks a strategic move to integrate healthcare solutions into luxury living.
Healthier Choices Management Corp. (HCMC) reported Q1 2022 sales of $5.05 million, a 46% year-over-year increase from $3.47 million in Q1 2021. The gross margin also grew by 32%, achieving $1.97 million compared to $1.49 million in the prior year. However, the company incurred a net loss of approximately $1.32 million, up from $0.7 million the previous year, largely due to $0.52 million in non-recurring expenses. The CEO emphasized the company's focus on growth and strategic priorities.
Healthier Choices Management Corp. (HCMC) reported its financial results for Q4 and the full year ended December 31, 2021. Total current assets surged to $28.8 million, up from $3.0 million, while current liabilities decreased to $2.5 million from $5.7 million, resulting in a working capital improvement of approximately $29 million. However, net sales fell to $13.3 million from $13.9 million due to strategic downsizing in the vape segment. The company recorded a net loss of about $4.0 million, slightly higher than last year's $3.7 million. Future growth is anticipated through recent acquisitions and wellness center expansions.
Healthier Choices Management Corp. (HCMC) has officially opened the Healthy Choice Wellness Center at the Casbah Spa and Salon in Fort Lauderdale, Florida. The center, offering IV therapy in a relaxing environment, aims to attract clients seeking wellness treatments. The company also announced the completion of its rebranding with a new website now live, allowing clients to explore treatment options and book appointments at both its Florida and New York locations. CEO Jeff Holman expressed excitement over these developments, noting they represent a transformative step for HCMC in expanding its wellness brand.
Healthier Choices Management Corp. (HCMC) announced the acquisition of Mother Earth's Storehouse, a leading organic and health food chain in New York's Hudson Valley. This strategic move aims to double HCMC's annual revenue, leveraging synergies with existing stores. The acquisition includes the historic building housing the Saugerties location, enhancing HCMC's market presence. CEO Jeffrey Holman highlighted expected improvements in margins due to increased purchasing power. This expansion aligns with HCMC's mission of providing healthier consumer choices.
Healthier Choices Management Corp. (HCMC) announced its first licensing agreement for the Healthy Choice Wellness Center segment. The new IV hydration facility will be located at Casbah Spa & Salon in Fort Lauderdale, FL, which has operated for over 23 years. Customers can choose from eight IV drip cocktails aimed at boosting immunity, reducing inflammation, and promoting overall wellness. CEO Jeff Holman expressed excitement about this collaboration and anticipates a Valentine’s Day launch. This expansion follows HCMC's existing corporate-owned location in New York, marking a step forward in their growth strategy.
