Healthier Choices Mgmt Corp (HCMC)

[John-Knee]

VPR working with HCMC? See bottom paragraph.

Know More About Healthier Choices Management Corp (OTCMKTS:HCMC)
By Steven Russell / in Marijuana / on Tuesday, 14 Mar 2017 03:11 AM

http://www.mmjobserver.com/know-more-about-healthier-choices-management-corp-otcmktshcmc/9315/

Healthier Choices Management Corp (OTCMKTS:HCMC) reported that it has altered its corporate name from Vapor Corp to Healthier Choices Management to showcase its focus on organizing healthy food markets and other better lifestyle options. The firm’s shares will continue to list on the OTC market, but now under the ticker “HCMC” effective March 6.

Jeff Holman, the CEO and Chairman of Healthier Choices Management, reported that as the company continues down the diversification path into the organic natural market industry, as well as other healthier options, including focus on its Vape Store businesses, the new title Healthier Choices Management is considerably more representative of the present firm and the path it is striving to follow in the future.

The update
VPR Brands LP (OTCMKTS:VPRB) posted record quarterly revenues, with revenues of over $600,000 which records 889% growth over revenue of 2Q2016. The significant growth in revenues can be linked to last year acquisition of the wholesale segment business and brands of Healthier Choices Management. The acquisition enabled them to record revenues for 2-months in 3Q2016.

The firm posted a net loss of $121,583 in 3Q2016, primarily attributable to implementation and transition expenses and accounting and legal costs that are one-time and directly associated to the acquisition.

Kevin Frija, the Chief Executive Officer of VPR, reported that they are extremely delighted with the successful consolidation and integration of business operations so far. They have worked assiduously and have steadied sales, which were in fast drop quarter over quarter, and month over month, preceding to the acquisition.

The team has evaluated and identified the core weaknesses and strengths of operations and will focus on using the strengths. VPR along with Healthier Choices have started building by using the experience of their staff, developing interesting products for their portfolio, and aligning with key clients to extend outreach.