The acquisition is expected to nearly double HCMC’s annual sales revenue
HOLLYWOOD, Florida, October 17, 2022 (Globe Newswire) – Health Choices Management Company (OTC Pink: HCMC) Today it announced the acquisition of Green’s Natural Foods, an organic, natural, and vitamin health food chain with eight stores in New York and Northern New Jersey.
Green’s Natural Foods is a leading natural food store chain, offering organic, all natural products and vitamins from top national brands as well as locally sourced specialty brands. Green’s Natural Foods offers everything from organic produce, natural groceries, nutritional supplements and fresh foods. Green’s Natural Foods sells only USDA certified organic products.
Jeffrey Holman, CEO of HCMC, made the statement in connection with the acquisition, “Green’s Natural Foods significantly accelerates expansion in our grocery segment. It is another step in solidifying our growth initiatives, and based on past performance, we believe this acquisition should Nearly double HCMC’s Top Income Revenue again, bringing us close to $60,000,000 year over year.”
Mr. Holman concluded: “We believe this transaction delivers compelling value to our shareholders and is a key element in our endeavor to continue building an attractive and growing business with first-class capabilities. We expect to leverage our larger presence and commercial strength to purposefully accelerate our sales growth while leveraging business synergies to improve our bottom line. final.”
aAbout the Healthy Choices Management Company.
Through its wholly owned subsidiary HCMC Intellectual Property Holdings LLC, it operates the company and intends to expand its portfolio of intellectual property rights.
Through its wholly owned subsidiaries, Healthy Choice Markets, Inc. , Healthy Choice Markets 2, LLC, and Healthy Choice Markets 3, LLC, respectively, the company operates:
- Ada’s Natural Market, a natural and organic grocery store offering fresh produce, bulk foods, vitamins, nutritional supplements, packaged groceries, meats, seafood, prepared foods, baked goods, dairy, frozen foods, health and beauty products, and natural household items (www.Adasmarket.com)
- The three Paradise Health & Nutrition stores also offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meats, seafood, prepared foods, baked goods, dairy, frozen foods, health and beauty products, and natural household items, (www.ParadiseHealthDirect.com)
- Mother Earth’s Storehouse, a chain of organic, health foods and vitamins from warehouses in New York’s Hudson Valley, has been around for more than 40 years. (www.MotherEarthStorehouse.com)
Through its wholly owned subsidiary, Healthy Choice Wellness, LLC, the company has licensing agreements for Healthy Choice Wellness centers at Casbah Spa and Salon in Fort Lauderdale, Florida, and Boston Direct Health in Boston, Massachusetts. These centers offer several intravenous drip “cocktails” for customers to choose from that are designed to help boost immunity, combat fatigue and stress, reduce inflammation, promote weight loss, and efficiently deliver antioxidants and anti-aging blends. In addition, there are cocktails for health, beauty and rehydration. (www.HealthyChoiceWellness.com)
Through its wholly owned subsidiary, Healthy U Wholesale, the company sells vitamins and nutritional supplements, as well as health, beauty, and personal care products on its website. www.TheVitaminStore.com.
This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934). The Company may make additional written or oral forward-looking statements from time to time on file with the Securities and Exchange Commission (SEC) or otherwise. Statements in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management’s estimates, assumptions and expectations and are not guarantees of future performance. The Company assumes no obligation to update this data. Forward-looking statements may include, but are not limited to, projections or estimates of revenue, income or loss, exit costs, cash flow needs, capital expenditures, and statements about future operations or plans for expansion or restructuring, including our recent exit from, and the termination of, our wholesale distributions. . In addition, when used in this release, the words “expect,” “believe,” “estimate,” “expect,” “intend,” “plans,” and various forms thereof and similar expressions are intended to identify forward-looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, introduction of new products, our ability to maintain strategic business relationships with customers, and the impact of competitive products and prices. , growth in our target markets, the adequacy of our liquidity and financial strength to support their growth, and other information as may be detailed from time to time in our filings with the Securities and Exchange Commission.
Health Options Management Corporation.
3800 North 28TH Way, #1 Hollywood, FL 33020
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