Open letter from the Chief Executive Officer.
Healthy Choice Wellness Corp. (NYSEAM: HCWC), a spinoff from Healthier Choices Management Corp., has become an independent company focused on natural and organic health food grocery stores. The company has grown from an idea to 19 stores in six states, employing over 500 people, with expected annualized revenue of $78 million in 2025.
HCWC's growth strategy involves acquiring family-managed 'mom-and-pop' stores, maintaining their local identity and community connections. The company's year-over-year growth from 2022 to 2023 was 92%, increasing revenue from $29.3 million to $55.7 million. HCWC aims to complete another acquisition by early 2025, potentially bringing annualized revenue to over $100 million.
The company's leadership includes CEO Jeff Holman, CFO John Ollet, and COO Christopher Santi. HCWC acknowledges potential short-term stock price volatility due to the spinoff but expects growth and success to be reflected in the stock price over the next 12 months.
Healthy Choice Wellness Corp. (NYSEAM: HCWC), una scissione da Healthier Choices Management Corp., è diventata un'azienda indipendente focalizzata su negozi di alimenti naturali e biologici. L'azienda è cresciuta da un'idea a 19 negozi in sei stati, impiegando oltre 500 persone, con una previsione di fatturato annualizzato di 78 milioni di dollari nel 2025.
La strategia di crescita di HCWC prevede l'acquisizione di negozi gestiti da famiglie, mantenendo la loro identità locale e i legami con la comunità. La crescita anno su anno da 2022 a 2023 è stata del 92%, aumentando il fatturato da 29,3 milioni a 55,7 milioni di dollari. HCWC punta a completare un'altra acquisizione entro l'inizio del 2025, portando potenzialmente il fatturato annualizzato a oltre 100 milioni di dollari.
Il leadership dell'azienda include il CEO Jeff Holman, il CFO John Ollet e il COO Christopher Santi. HCWC riconosce la potenziale volatilità a breve termine del prezzo delle azioni a causa della scissione, ma si aspetta che la crescita e il successo si riflettano nel prezzo delle azioni nei prossimi 12 mesi.
Healthy Choice Wellness Corp. (NYSEAM: HCWC), una escisión de Healthier Choices Management Corp., se ha convertido en una empresa independiente centrada en tiendas de alimentos saludables y orgánicos. La compañía ha crecido de una idea a 19 tiendas en seis estados, empleando a más de 500 personas, con unos ingresos anuales esperados de 78 millones de dólares en 2025.
La estrategia de crecimiento de HCWC implica la adquisición de tiendas familiares ‘mom-and-pop’, manteniendo su identidad local y conexiones con la comunidad. El crecimiento interanual de HCWC de 2022 a 2023 fue del 92%, aumentando los ingresos de 29,3 millones a 55,7 millones de dólares. HCWC espera completar otra adquisición a principios de 2025, lo que podría llevar los ingresos anuales a más de 100 millones de dólares.
El liderazgo de la compañía incluye al CEO Jeff Holman, al CFO John Ollet y al COO Christopher Santi. HCWC reconoce la posible volatilidad a corto plazo en el precio de las acciones debido a la escisión, pero espera que el crecimiento y el éxito se reflejen en el precio de las acciones en los próximos 12 meses.
Healthy Choice Wellness Corp. (NYSEAM: HCWC)는 Healthier Choices Management Corp.에서 분할된 독립 기업으로, 자연 및 유기농 건강식료품 매장에 중점을 두고 있습니다. 이 회사는 아이디어에서 6개 주에 19개 매장으로 성장했으며, 500명 이상의 직원을 고용하고 있으며, 2025년까지 연간 수익 7,800만 달러를 예상하고 있습니다.
HCWC의 성장 전략은 가족이 운영하는 '엄마와 팝' 매장을 인수하여 그들의 지역 정체성과 커뮤니티 연결을 유지하는 것입니다. 2022년부터 2023년까지 HCWC의 연간 성장률은 92%로, 수익이 2,930만 달러에서 5,570만 달러로 증가했습니다. HCWC는 2025년 초까지 또 다른 인수를 완료할 계획으로, 연간 수익이 1억 달러 이상에 이를 것으로 예상하고 있습니다.
회사의 리더십에는 CEO Jeff Holman, CFO John Ollet, COO Christopher Santi가 포함되어 있습니다. HCWC는 분할로 인해 단기 주가 변동성이 있을 수 있음을 인정하지만, 향후 12개월 동안 주가에 성장과 성공이 반영될 것으로 기대하고 있습니다.
Healthy Choice Wellness Corp. (NYSEAM: HCWC), une scission de Healthier Choices Management Corp., est devenue une entreprise indépendante axée sur les magasins d'aliments naturels et biologiques. L'entreprise est passée d'une idée à 19 magasins dans six États, employant plus de 500 personnes, avec un chiffre d'affaires annuel prévu de 78 millions de dollars en 2025.
La stratégie de croissance d'HCWC consiste à acquérir des magasins familiaux 'mom-and-pop', en préservant leur identité locale et leurs liens communautaires. La croissance d'HCWC d'une année sur l'autre de 2022 à 2023 était de 92%, faisant passer le chiffre d'affaires de 29,3 millions à 55,7 millions de dollars. HCWC vise à finaliser une nouvelle acquisition d'ici début 2025, ce qui pourrait porter le chiffre d'affaires annuel à plus de 100 millions de dollars.
Le leadership de l'entreprise comprend le PDG Jeff Holman, le directeur financier John Ollet et le directeur des opérations Christopher Santi. HCWC reconnaît la volatilité potentielle à court terme du prix des actions en raison de la scission, mais s'attend à ce que la croissance et le succès se reflètent dans le prix de l'action au cours des 12 prochains mois.
Healthy Choice Wellness Corp. (NYSEAM: HCWC), eine Abspaltung von Healthier Choices Management Corp., hat sich zu einem unabhängigen Unternehmen entwickelt, das sich auf Geschäfte mit natürlichen und biologischen Lebensmitteln konzentriert. Das Unternehmen ist von einer Idee auf 19 Geschäfte in sechs Bundesstaaten gewachsen und beschäftigt über 500 Mitarbeiter, mit einem erwarteten jährlichen Umsatz von 78 Millionen Dollar im Jahr 2025.
Die Wachstumsstrategie von HCWC besteht darin, familiengeführte 'Mom-and-Pop'-Läden zu erwerben und deren lokale Identität und Verbindungen zur Gemeinschaft aufrechtzuerhalten. Das Wachstum von HCWC von 2022 bis 2023 betrug 92%, wobei der Umsatz von 29,3 Millionen Dollar auf 55,7 Millionen Dollar gestiegen ist. HCWC strebt an, bis Anfang 2025 eine weitere Übernahme abzuschließen, was den jährlichen Umsatz auf über 100 Millionen Dollar steigern könnte.
Die Unternehmensführung umfasst CEO Jeff Holman, CFO John Ollet und COO Christopher Santi. HCWC erkennt die potenzielle kurzfristige Volatilität des Aktienkurses aufgrund der Abspaltung an, erwartet jedoch, dass Wachstum und Erfolg in den kommenden 12 Monaten im Aktienkurs reflektiert werden.
- Spinoff from parent company provides independence and focus on natural and organic health food grocery stores
- Expected annualized revenue of $78 million in 2025 with current stores
- 92% year-over-year growth from 2022 to 2023, increasing revenue from $29.3 million to $55.7 million
- Successful acquisition strategy, growing from 0 to 19 stores in six states
- Potential acquisition in Q1 2025 could bring annualized revenue to over $100 million
- Strong leadership team with industry experience
- Improved access to capital markets as a publicly-traded company on NYSEAM
- Short-term stock price volatility expected due to spinoff and lack of stand-alone financial results
- Selling pressure from dividend stock distributed to former parent company shareholders
HOLLYWOOD, FL, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Healthy Choice Wellness Corp. (“HCWC” or the “Company”) (NYSEAM: HCWC), a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives.
My name is Jeff Holman and I serve as the Chief Executive Officer of Healthy Choice Wellness Corp. (HCWC: NYSEAM). On Monday, Healthy Choice became an independent company with a singular focus. I am incredibly proud of what our team has accomplished with this milestone and am excited to continue this journey alongside our customers and shareholders. This is week one of unlocking vast new potential for our company.
In the way of a brief history, Healthy Choice is a spinoff of the Natural and Organic Health Food Grocery and Wellness divisions of our former parent company, Healthier Choices Management Corp., which traded on the OTC Pink.
With its new independent status as a publicly-traded company, Healthy Choice is well positioned to use our stronger balance sheet, equity currency and access to capital markets to capitalize on the many attractive investment opportunities in our fragmented space.
Over the past eight years, we have grown the Natural and Organic Health Food Grocery division from an idea to 19 stores, doing business in six states, employing over 500 people, and are expecting to reach annualized revenue of approximately
We achieved this monumental growth through the acquisition of 6 groups of stores, without the benefit of a major exchange listing to facilitate easier access to capital. Despite this obstacle, every acquisition opportunity that passed our rigorous evaluation and offered substantial value was brought to fruition through our strategic efforts.
By way of example, our year over year growth from 2022 to 2023 was
The stores we acquire do not resemble those of a national chain. These stores are independently owned, family managed “mom-and-pops,” if you will, and are staples of their respective communities. Most of the owners have been in business for decades, have brought their children into the businesses and the stores have a significant local following. In fact, compared to our competitors, they stock their shelves with a considerable number of products sourced from local vendors and literally feed their own communities.
These owners are typically reaching the end of their career horizons but do not want to sell to a large chain that will dismantle all that they have built. They still live in their communities and want their legacies and the employment of their employees to continue. It is not atypical for staff members to have been with these stores for decades.
These are some of the reasons why their customer base is loyal to them, along with invariably exceptional customer service.
In contrast to our large chain competitors, our commitment to community engagement has resonated deeply with both store owners and loyal customers, and the overwhelming majority of employees who have chosen to stay on after acquisitions underscores the success of our approach. It is this loyalty that we strive to maintain, not only because we become a part of their communities, but because for our shareholders this is what drives our sales and profitability model.
Our strategy is a simple and time tested one, growth through acquisition and efficiency. However, we are not a typical “roll up” story. It is our mission to continue to operate the stores under their current banners and continue to facilitate their unique cultures and connections to the communities they serve.
The results of this philosophy: independent sellers are extremely receptive to being acquired by us. This dynamic in turn enables us to negotiate very reasonable and cooperative purchase agreements which typically take the form of a multiple of their bottom-line EBITDA.
However, worth mentioning is that their bottom line is not our bottom line once we incorporate and streamline their operations. There are several reasons why we raise profitability on day one following an acquisition, most notably is our significantly better buying power with the major distributors and larger economies of scale when it comes to areas like payroll, insurance and accounting.
Another factor in our favor is that our larger competitors have no interest in buying these 1-10 store chains because they are frankly too small.
Our plan: continue our proven track record of consistent, responsible growth focusing on businesses that fall within our model.
Near term: We will seek to complete another acquisition either before year end or early in the 1st quarter of next year, which could bring our top-line annualized revenue to over
Mid term: With our newfound path to obtain proper funding, some of which is already in place, identify and close multiple acquisitions in 2025.
Long term: Continue to grow and increase profitability and shareholder value through these unique acquisitions.
Healthy Choice also benefits from a proven leadership team and an outstanding Board of Directors. With a strong accounting team in place, led by John Ollet, our Chief Financial Officer, formerly with Payless Shoes and Tiger Direct (owner of Comp USA), and our Chief Operating Officer, Christopher Santi, who is a former restauranteur, has a strong background in retail & national sales, has been with the Company for over 12 years, and has steward the integration of all six of the Company’s acquisitions, we are poised to accelerate our successful growth efforts of the past.
With regards to the investment side of our recent listing, spinoff investors typically see share price volatility short-term due to the number of new shares issued into the market and also due to a company's newness and lack of stand-alone financial results. Management believes that the dividend stock distributed to shareholders of the former parent company is exerting selling pressure, causing the company's current stock price to be lower than it should be. We hope that our investors will understand our goal of creating long-term value and our expectation that our growth and success will be reflected in our stock price over the next 12 months.
We hope that you will join us on this journey and help us to continue to grow, increase our worth and shareholder value, keep local folks working, and provide a safe haven for independent operators to fulfill their lifelong goals of selling their legacies to people who care about their employees and their communities the way that they have for decades.
About Healthy Choice Wellness Corp.
Healthy Choice Wellness Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives.
Through its wholly owned subsidiaries, the Company operates:
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- Through its wholly owned subsidiary, Healthy Choice Wellness, LLC, the Company operates a Healthy Choice Wellness Center in Kingston, NY and has a licensing agreement for a Healthy Choice Wellness Center located at the Casbah Spa and Salon in Fort Lauderdale, FL. The Company continues to seek out locations for new Healthy Choice Wellness Centers but there are not currently any agreements in place for the opening of any new locations.
- Through its wholly owned subsidiary, Healthy U Wholesale, the Company sells vitamins and supplements, as well as health, beauty and personal care products on its website www.TheVitaminStore.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission (SEC) or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management’s estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income, or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from, and winding down of our wholesale distribution operations. In addition, when used in this release, the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” and “plans” and variations thereof and similar expressions are intended to identify forward looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in our filings with the SEC.
Contact Information
Healthy Choices Management Corp.
3800 North 28th Way, Hollywood, FL 33020
305-600-5004
Email: ir@hcwc1.com
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