Saturday, May 27, 2023 4:49:40 PM
ld micro main event xv - oct 2022
Healthy Choice Markets
Healthy Choice Wellness Center
Intellectual Property
The Vitamin Store
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
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