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HOLLYWOOD, FL , Oct. 25, 2022 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced that its Board of Directors has authorized the commencement of its common stock repurchase program.
The Board has authorized aggregate common stock repurchases of up to $5 million . HCMC may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans. The timing and amount of the repurchase transactions will be subject to the discretion of HCMC based upon market conditions and other opportunities that HCMC may have for the use or investment of its cash balances. The repurchase program has no expiration date, does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice. The number of shares to be purchased and the timing of purchases will be based on the Company's trading windows and available liquidity, general business and market conditions, and other factors, including legal requirements, debt covenant restrictions and alternative investment opportunities.
Jeffrey Holman , Chief Executive Officer of HCMC, said, "We believe our shares are currently undervalued and based on the strength of our balance sheet, coupled with our long-term outlook, an opportunity exists to create value for our shareholders while continuing to invest in our key value-driving strategies."
Mr. Holman concluded, "We continue to believe that we are making the necessary investments through acquisitions and changes to position our business for the long-term. As we cycle these investments and changes, we expect revenues to increase, operating margins to expand, and to generate free cash flow in 2023. We are confident that our choices will prove to be the right ones, driving long-term sustainable growth, improved returns on capital, and shareholder value."
About Healthier Choices Management Corp.
She's been rode hard and put away wet one to many times...
What do we need to get this up and running
HCMC 0.0002up 0 (0%)
QUOTES AS OF 12:00:00 AM ET 10/21/2022
Oct 24 (Reuters) - Healthier Choices Management Corp(HCMC) :
* HEALTHIER CHOICES MANAGEMENT CORP.(HCMC) REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS
* HEALTHIER CHOICES MANAGEMENT CORP(HCMC) Q3 SALES ROSE 77 PERCENT TO $5.8 MILLION Source text for Eikon: Further company coverage:
I’ve been checking back daily but nothing yet. You can also check at this site https://portal.unifiedpatents.com/ptab/case/IPR2021-01079
Was..there.,transcript..coming..following,.this,,link
Where you find this SP0001?
Shares Outstanding 339.74B with a buy back of 5,000,000 usd at 0.0001 we are only looking at 50B knock off. Anything would help but if somehow their could buy back at 0.00001 it would really whipe out 339.74B outstanding.
Expected to close in the fourth quarter all these items below.
THE BUYBACK:
The buyback amount of up to $5,000,000 represents approximately 27% of HCMC's current capital reserves, and approximately half of the amount invested by non-institutional shareholders during our rights offering of July 2021. That rights offering had a maximum raise amount of $100M, however, a total of $27.4M was raised, with approximately $10M coming from our then approximately 400,000 non-institutional shareholders. The balance of approximately $17.4M was raised from shareholders that were also institutional entities.
The new share repurchase program is designed to return value to shareholders by offsetting dilution from stock issuances and reducing share count over time.
THE SPINOFF:
The spinoff will result in a new public company being formed with the intention of listing on the NYSE in the fourth quarter of 2022. NewCo will receive the HCMC entities owning the HCMC retail stores, namely Ada's Natural Market, Paradise Health and Nutrition, Mother Earth's Storehouse, Healthy Choice Wellness Centers, as well as the online entity at thevitaminstore.com. NewCo will continue the path of growth in the health verticals started by HCMC and explore other growth opportunities that comport with HCMC's healthier lifestyle mission. NewCo will also receive a to be determined amount of HCMC's reserve capital.
HCMC will retain its entire patent suite and all rights to the patent infringement case against Philip Morris, which is currently awaiting a decision on its appeal, as well as the Q-Cup brand. HCMC will continue to develop its patent suite through R&D as well as continuing its path of enforcing its patent rights against infringers and attempting to monetize said patents through licensing deals.
THE STOCK DIVIDEND:
To be clear, the stock dividend to be issued will be at no cost to HCMC shareholders, and will not decrease the number of HCMC shares owned by a shareholder. On a record date to be determined and announced at a later time, HCMC shareholders will receive a stock dividend in the form of common stock in NewCo. Each shareholder's stock dividend will be determined based upon their percentage of ownership of HCMC on the record date. Subject to reserved shares that may be received upon conversion of preferred stock held by institutional investors pursuant to the equity raise announced today, as well as employee and consultant issued stock and options, each shareholder will own the same percentage of NewCo that they own in HCMC, subject to certain conditions. It is anticipated that NewCo will have an initial price of $10. In order to qualify to receive the stock dividend, an HCMC shareholder dividend entitlement amount must be at least $10. For each $10 of dividend entitlement, the shareholder will receive one share of NewCo stock. No fractional shares of NewCo will be issued and stock dividends will not be rounded up.
Still trying to work out with only 6 400ft vape stores, an IV practice earning a few thousand a month and a local corner store selling health food this remarkably has a market cap of nearly 40 million?!? ??
Jeff…sort it out.
With what’s gone on here…Jeff probably should be in Prison imho
339 BILLION!?!? OMFG…
20 billion outstanding would still be disgusting in OTC land and that would constitute a 95% reduction…
He’s not going to be able to do anything but smash us with a huuuuuuuuuuuuge RS.
Pretty sad really…
Agree…no higher than 20 billion. Not going to happen, this CEO has run the well dry on pumping lawsuits and fake buyback PR’s…
There’s nobody that will do it unfortunately…it’s no bid at that stage so no trading
$HCMC - The undisputed winner of .0001 & .0002 barcoding…
Hcmc has 339 Billion outstanding shares -
means every person on the planet owns about 50 shares lol
Yes that’s how bad the SS is…
Jeff itching for a massive RS imo…he tried his “buyback” PR shenanigans and nobody fell for it.
Wow 339 BILLION outstanding…has to be a OTC record!?!?!?!
Is there any stock anywhere that has more OS than this?
$339 BILLION
Have you ever seen a more bloated barcoder than this ?
Looks like we just have to play the game…set your trip 1 buys and flip to trip 2’s about every 7 weeks.
A gazillion bazillion katrillion shares still sitting out there…
Jeff…How’s the buyback and Phillip Morris thing going? Lol
Looks like we just have to play the game…set your trip 1 buys and flip to trip 2’s about every 7 weeks.
A gazillion bazillion katrillion shares still sitting out there…
Jeff…How’s the buyback and Phillip Morris thing going? Lol
Need to decrease ss to a Billion in this market otherwise it won’t move don’t think
Same thing about Mothers Earth
Jeffrey said the same thing when they acquired Mothers Earths 2 stores in February of this year. Don't put much into it.
Jeffrey Holman, CEO of HCMC made this statement regarding the acquisition, “Mother Earth’s Storehouse is a major step forward in our growth initiatives, and based upon past performance, we believe this addition should roughly double HCMC’s top line revenue on an annualized basis.”
They bought some stores with all the money the investors lost. Great way to pay us back.
Healthier Choices acquires Green’s Natural Foods, could double revenue
Oct. 17, 2022 8:44 AM ETHealthier Choices Management Corp. (HCMC)By: Manshi Mamtora, CFA
Healthier Choices Management (OTCPK:HCMC) acquires Green’s Natural Foods, an organic and natural health food and vitamin chain with eight store locations in New York and Northern New Jersey.
Acquisition anticipated to approximately double HCMC annual sales revenue
Jeffrey Holman, CEO of HCMC, made this statement regarding the acquisition, “Green’s Natural Foods significantly accelerates the expansion of our grocery segment. It is yet another step in solidifying our growth initiatives, and based upon
Healthier Choices acquires Green’s Natural Foods, could double revenue
Oct. 17, 2022 8:44 AM ETHealthier Choices Management Corp. (HCMC)By: Manshi Mamtora, CFA
Healthier Choices Management (OTCPK:HCMC) acquires Green’s Natural Foods, an organic and natural health food and vitamin chain with eight store locations in New York and Northern New Jersey.
Acquisition anticipated to approximately double HCMC annual sales revenue
Jeffrey Holman, CEO of HCMC, made this statement regarding the acquisition, “Green’s Natural Foods significantly accelerates the expansion of our grocery segment. It is yet another step in solidifying our growth initiatives, and based upon past performance, we believe this acquisition should approximately double HCMC’s top line revenue yet again, bringing us to approximately $60,000,000 on an annualized basis.”
Pamp this shit mm, been two years since shorting form 2 to 1 lol lol say money man
PM posts lots of exhibits and reply...https://portal.unifiedpatents.com/ptab/case/IPR2021-01079
It's DEAD!!...move on to something better !!
WOW is this dead! Or is my internet not working or has no one post anything about hcmc since 9/22?
Oral arguments will commence at 1:00 pm Eastern Time on
October 17, 2022 by video.2 The Board will provide a court reporter for the hearing, and the reporter’s transcript will constitute the official record of the hearing.
https://s3-us-west-1.amazonaws.com/ptab-filings%2FIPR2021-01079%2F31
Healthier Choices Mgmt (OTC:HCMC) has outperformed the market over the past 5 years by 5.69% on an annualized basis producing an average annual return of 14.87%. Currently, Healthier Choices Mgmt has a market capitalization of $67.95 million. 9-21-22
Gee...must have missed that!
Thx.For..link here..updating..today's..infm..+..a..complete_court-explanation
Not..retail_if..Five digit..trade._and..patent..office..activity..could..be..positive
Another run possibly to .0006 is nearing.
If you missed the move from .0001-.0065 sorry.
Good question. No one ever answers it. Hmmm...
Jawsomesauce @ Shark Invested Waters
@SharkInvested
$HCMC and $PM both requested a public oral hearing (60 min total) with the patent office to make their arguments as to why HCMC should or should not keep their electronic pipe patent. Date TBD.
https://twitter.com/SharkInvested
Does anyone know which trading platform allows limit to be set at 0.0001xxx?
I hope you don't own shares
Jeff knows a maximum of 15% share buyback ain’t going to move this right?? Right??
Agreed 100%...RS in form of "NewCo" shares is not a good thing...the only way...in my asshat mind...is to get as many onboard as possible for another pump day...it will take a lot of posting, everywhere by the troops...which there are plenty...maybe timed with the share reduction?...at the present...bag holding way to many...
You know how NEWCO will go
Shareholders get a share of the new company for every (so many shares of HCMC). Everyone cheers for the new symbol in their account. The fine print shows you can't trade the account for 6 months. The windfall you think you had, dwindles down as the insiders sell it all the way to the bottom.
It's a common occurence. You're hoping I'm wrong. If I am wrong, this symbol would be blowing up.
How can you buy in at 0.000135 What broker firm let you?
Good for you.
Hope you don’t regret!!!
$HCMC's Got A Plan Now! The 4-Point Shareholder Value Plan Announcement Explained 8-22-22
RS coming, I dumped dumped 80M shares only holding 25M
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Healthy Choice Wellness Center
The Vitamin Store
On 7/7/23 $HCMC entered a Vape licensing agreement for 1 of its patents in the vape segment.
$HCMC as the licensor, grants to licensee during the term a non-exclusive right and license under the Licensed Patents to make, use, offer to sell, sell,and
import licensed products in the territory of the United States of America.
The licensee will pay to the licens or a royalty based on net sales of all licensed products in the territory during the term of the agreement. Either party can cancel the agreement with 60-
days written notice. https://dd7pmep5szm19.cloudfront.net/2501/0000844856-23-000028.pdf
Healthier Choices Management Corp. v. Philip Morris Products S.A.
Appellant: HEALTHIER CHOICES MANAGEMENT CORP.
Appellee: PHILIP MORRIS PRODUCTS S.A. and PHILIP MORRIS USA, INC.
Case Number: 23-1529
Filed: February 22, 2023
Court: U.S. Court of Appeals, Federal Circuit
Source: https://dockets.justia.com/docket/circuit-courts/cafc/23-1529
NewCo: Major US Exchange|Comprised of $HCMC assets including:
-14 brick and mortar Natural & Organic health food stores,-Online vitamin store
-3 wellness centers
-Approximately $3M of HCMC cash reserves
-NewCo has commitments from institutional investors for $13.25M upon listing
-Annual revenue is projected to be approximately $60M based on current stores
-NewCo expects to be cash flow positive upon listing
Source: https://tinyurl.com/HCMC2023
On 7/7/23 $HCMC entered a Vape licensing agreement for 1 of its patents in the vape segment.
$HCMC as the licensor, grants to licensee during the term a non-exclusive right and license under the Licensed Patents to make, use, offer to sell, sell,and
import licensed products in the territory of the United States of America.
The licensee will pay to the licens or a royalty based on net sales of all licensed products in the territory during the term of the agreement. Either party can cancel the agreement with 60-
days written notice. https://dd7pmep5szm19.cloudfront.net/2501/0000844856-23-000028.pdf
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