HCMC

Healthier Choices Management Corp. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
EBITDA, Sales, Traction, Acquisition, Growth, Quarter, OTC Markets Group, Holocene, Rare-earth element, Cryptocurrency, HCMC

HOLLYWOOD, FL, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Record Sales of $12.7 million for the Third Quarter; 120% Year-Over-Year Growth
    Record Gross Margin of $4.6 million for the Quarter; 149% Year-Over-Year Growth
    HOLLYWOOD, FL, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced its financial results for the third quarter ended September 30, 2023.
  • Third Quarter 2023 Results and Recent Highlights:
    Net sales from operations for the three-month period ended September 30, 2023, amounted to $12.7 million, compared to $5.8 million, an approximately $6.9 million and 120% increase versus the same period in 2022.
  • It should be noted that over $0.5 million in non-recurring expenses were incurred during the three-month period ended September 30, 2023.
  • It should be noted that over $1.3 million in non-recurring expenses were incurred during the nine-month period ended September 30, 2023.

Kusto Home's The Reflection West Lake wins two prizes at Vietnam Property Awards 2023

Retrieved on: 
Thursday, November 16, 2023
Diamond, Motivation, Urban green space, Home, HCMC, Tây Hồ district

SINGAPORE, Nov. 16, 2023 /PRNewswire/ -- Following a rigorous evaluation procedure, The Reflection West Lake project by Kusto Home was named the Best Luxury Condo Development in Hanoi and the Best Luxury Condo Architectural Design.

Key Points: 
  • Kusto Home's The Reflection West Lake project received two honors at the 9th annual PropertyGuru Vietnam Property Awards, held on November 10 in Ho Chi Minh City.
  • SINGAPORE, Nov. 16, 2023 /PRNewswire/ -- Following a rigorous evaluation procedure, The Reflection West Lake project by Kusto Home was named the Best Luxury Condo Development in Hanoi and the Best Luxury Condo Architectural Design.
  • This accomplishment rewards Kusto Home's meticulous efforts and celebrates the refined standards it delivers to clients in each project.
  • Kusto Home officially returned to the market in 2021, with two consecutive prizes at the prestigious Vietnam Property Awards in 2022 and 2023.

Healthier Choices Management Corp. Announces Another Acquisition: Ellwood Thompson’s, a Natural Foods Market Located in Richmond, Virginia

Retrieved on: 
Monday, October 2, 2023
OTC Markets Group, Vitamin, Food, Acquisition, Dietary supplement, Retail, HCMC

HOLLYWOOD, FL, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) announced the acquisition of Ellwood Thompson’s, an organic and natural health food and vitamin store located in Richmond, Virginia.

Key Points: 
  • HOLLYWOOD, FL, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) announced the acquisition of Ellwood Thompson’s, an organic and natural health food and vitamin store located in Richmond, Virginia.
  • Ellwood Thompson’s is a premier natural foods store, offering organic and all natural products and vitamins from both top national brands as well as locally sourced specialty brands.
  • Ellwood Thompson’s offers everything from organic produce, natural groceries, dietary supplements, to freshly prepared food.
  • Jeffrey Holman, CEO of HCMC, made this statement regarding the acquisition, “Ellwood Thompson’s is a strategic asset that continues to accelerate the expansion of our grocery segment.

Healthier Choices Management Corp Files Patent Infringement Lawsuit against R.J. Reynolds Vapor Company over Vuse Product Involving HCMC Patent Not Previously Litigated

Retrieved on: 
Tuesday, September 26, 2023
OTC Markets Group, BAT, Vuse, RJR, IQOS, Philip Morris, British American Tobacco, District court, Patent, American Tobacco Company, John Davis (U.S. district court judge), Tobacco, Nielsen, HCMC

HOLLYWOOD, FL, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) announced that it has filed a patent infringement lawsuit against R.J. Reynolds Vapor Company (”RJR”) in the U.S. District Court for the Middle District of North Carolina in connection with HCMC’s assertions that RJR’s Vuse electronic cigarette infringes one of HCMC’s patents.

Key Points: 
  • HOLLYWOOD, FL, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) announced that it has filed a patent infringement lawsuit against R.J. Reynolds Vapor Company (”RJR”) in the U.S. District Court for the Middle District of North Carolina in connection with HCMC’s assertions that RJR’s Vuse electronic cigarette infringes one of HCMC’s patents.
  • Vuse is owned and distributed by RJR, whose ultimate parent company is British American Tobacco (BAT), one of the largest tobacco companies in the world.
  • Jeff Holman, CEO of HCMC had this to say, “We are pleased to be continuing our efforts to police our patent rights through the court system against potential infringers.”
    Mr. Holman concluded, “In contrast to the previously filed lawsuit against Philip Morris for their IQOS device, which was relatively new to the U.S. market at the time of filing of the lawsuit, and is still pending, the Vuse device reportedly has the largest share of electronic cigarette sales in the United States, overtaking Juul in the first quarter of this year, according to Nielsen reports on convenience store sales on tobacco products.”

HEALTHY CHOICE WELLNESS CORP. ANNOUNCES PUBLIC FILING OF REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING (IPO) AND ITS SPIN-OFF BY HEALTHIER CHOICES MANAGEMENT CORP.

Retrieved on: 
Tuesday, September 12, 2023
OTC Markets Group, IPO, Bangladesh Securities and Exchange Commission, Periodic function, Sale, Prospectus, Patent, Form, Corporate spin-off, Common, Security (finance), HCMC

The HCWC common stock will be distributed through a dividend to owners of record of HCMC on a date to be determined.

Key Points: 
  • The HCWC common stock will be distributed through a dividend to owners of record of HCMC on a date to be determined.
  • The dividend will be on a pro rata basis based on the ownership of HCMC on said record date with certain conditions.
  • HCMC shareholders will not forfeit any of their HCMC common stock.
  • Maxim Group LLC will act as the underwriter for the proposed initial public offering.

Healthier Choices Management Corp. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, July 24, 2023
Growth, OTC Markets Group, Sales, EBITDA, Traction, Quarter, Holocene, Rare-earth element, Cryptocurrency, HCMC

HOLLYWOOD, FL, July 24, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Record Sales of $13.6M for the Second Quarter; $7.4M Year-Over-Year Growth
    Record Gross Margin of $5.1M for the Quarter; $2.8M Year-Over-Year Growth
    HOLLYWOOD, FL, July 24, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced its financial results for the second quarter ended June 30, 2023.
  • Second Quarter 2023 Results and Recent Highlights:
    Net sales from operations for the three-month period ended June 30, 2023, amounted to $13.6 million, compared to $6.1 million, an approximately $7.4 million and 121% increase versus the same period in 2022.
  • Adjusted EBITDA (Loss) for the three-month period ended June 30, 2023, amounted to approximately $1.7 million versus $1.1 million for the same period last year.
  • It should be noted that over $0.6 million in non-recurring expenses were incurred during the three-month period ended June 30, 2023.

National regulators strengthen their supervision of the compliance function

Retrieved on: 
Thursday, July 13, 2023
Markets in Financial Instruments Directive 2014, Financial Services and Markets Authority (Belgium), Overalls, European Securities and Markets Authority, Element, CBI, Sound, NL, ESMA, Cyprus Securities and Exchange Commission, Guideline, AFM, Property management, National, HCMC

National regulators strengthen their supervision of the compliance function

Key Points: 
  • National regulators strengthen their supervision of the compliance function
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its follow-up report to the peer review on certain aspects of the compliance function under MiFID I.
  • The report shows that, overall, the National Competent Authorities (NCAs) assessed improved their practices following the 2017 peer reviews findings and recommendations.
  • Two NCAs, CySEC and CBI, are encouraged to continue this process in the following manner:
    - CySEC should consolidate its supervisory approach to ensure ongoing supervisory focus on firms’ compliance function
    - CBI should structurally integrate all elements of the ESMA Guidelines on the compliance function under MiFID into its supervisory approach and increase its controls on the compliance function of non-banking investment for firms.
  • Next steps
    As the compliance function remains a key element to promote sound and compliant behaviour by firms, all NCAs should continue monitoring the effective application of the Guidelines and the effectiveness of the supervisory practices implemented, taking supervisory action when needed.

Healthier Choices Management Corp. Announces Postponement of the Record Date for the Spin Off of Healthy Choice Wellness Corp

Retrieved on: 
Friday, May 26, 2023
OTC Markets Group, Date, Distribution, Holding company, HCMC

HOLLYWOOD, FL, May 26, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) (“HCMC” or the “Company”) announced today that that the record date for the stock dividend for the spinoff (the “Spin Off Shares”) of Healthy Choice Wellness Corp. (“HCWC”), which was previously set for May 1, 2023 (the “Record Date”), has been cancelled.

Key Points: 
  • HOLLYWOOD, FL, May 26, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) (“HCMC” or the “Company”) announced today that that the record date for the stock dividend for the spinoff (the “Spin Off Shares”) of Healthy Choice Wellness Corp. (“HCWC”), which was previously set for May 1, 2023 (the “Record Date”), has been cancelled.
  • The Company will update its stockholders with respect to the Distribution, and the new record date, as soon as circumstances so permit.
  • The Company is required to obtain certain regulatory and other approvals (such as SEC approval for registration of the Spin Off Shares and stock exchange listing approval) before the Distribution can occur.
  • The Company’s CEO and Chairman, Jeffrey Holman, said, “We are committed to completing our announced spinoff of HCWC to the Company’s stockholders.

Healthier Choices Management Corp. Reports First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 8, 2023
OTC Markets Group, Growth, EBITDA, Cryptocurrency, Airline, HCMC

HOLLYWOOD, FL, May 08, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • -First Quarter Record Sales of $13.6 Million, Up 169%, over Q1 2022
    HOLLYWOOD, FL, May 08, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced financial results for the first quarter ended March 31, 2023.
  • First Quarter 2023 Results Highlights:
    Net sales from operations for the three-month period ended March 31, 2023, amounted to a record $13.6 million, compared to $5.0 million, an approximately $8.5 million and 169% increase versus the same period in 2022.
  • It should be noted that over $0.3 million in non-recurring expenses were incurred during the three-month period ended March 31, 2023.
  • Our top line sales results, coupled with the first quarter gross profit of $4.9M, evidence our ability to execute against our expansion strategy and deliver a record financial performance."

HEALTHIER CHOICES MANAGEMENT CORP. RELEASES FREQUENTLY ASKED QUESTIONS AND ANSWERS REGARDING UPCOMING RECORD DATE FOR SPIN-OFF DIVIDEND

Retrieved on: 
Monday, April 24, 2023
OTC Markets Group, Sale, Bangladesh Securities and Exchange Commission, FAQ, Form, NYSE American, NYSE, Corporate spin-off, Holding company, Security (finance), Carding, HCMC

In particular, the FAQs relate to the upcoming record date and steps necessary to be eligible for HCMC’s dividend of common stock of HCWC.

Key Points: 
  • In particular, the FAQs relate to the upcoming record date and steps necessary to be eligible for HCMC’s dividend of common stock of HCWC.
  • When do I need to own HCMC common stock in order to receive dividend shares in HCWC?
  • The final ratio numbers will be determined on the record date based on the HCMC shares outstanding on such date.
  • The HCWC shares will automatically be transferred into the same account(s) where the shareholder holds their HCMC common stock on the record date.