Healthier Choices Mgmt Corp (HCMC)

[fisher5]

The balance sheet doesn't look great. Cash is down $5 million as compared to the beginning of the year, even though Accounts Receivable decreased by $1 million and Accounts Payable increased by $700k. Inventory is also up by $800k, although part of that is likely due to new stores opening. Hopefully VPCO can get positive cash flow started soon. If sales were expanding then the reduction in cash wouldn't be so concerning, but sales have decreased substantially as compared to the prior year. I will stay on the sidelines for now.