Healthier choices management corp full#
Greens Natural Foods’ eight stores in New York and New Jersey, offering a selection of 100% organic produce and all-natural, non-GMO groceries & bulk foods a wide selection of local products an organic juice and smoothie bar a fresh foods department, which offers fresh and healthy “grab & go” foods a full selection of vitamins & supplements as well as health and beauty products ( Through its wholly owned subsidiary, Healthy Choice Wellness, LLC, the Company has in place licensing agreements for Healthy Choice Wellness Centers located at the Casbah Spa and Salon in Fort Lauderdale, FL, Boston Direct Health in Boston, MA and Green Care Medical Services in Chicago, IL. Mother Earth’s Storehouse, a two-store organic and health food and vitamin chain in New York’s Hudson Valley, which has been in existence for over 40 years. Paradise Health & Nutrition’s three stores that likewise offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products, and natural household items, ( Through its wholly owned subsidiaries, the Company operates:Īda’s Natural Market, a natural and organic grocery store offering fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products, and natural household items ( Through its wholly owned subsidiary HCMC Intellectual Property Holdings, LLC, the Company manages and intends to expand on its intellectual property portfolio. ( is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. TOTAL LIABILITIES, CONVERTIBLE STOCK, AND STOCKHOLDERS’ EQUITY TOTAL CONVERTIBLE STOCK AND STOCKHOLDERS’ EQUITY LIABILITIES, CONVERTIBLE STOCK, AND STOCKHOLDERS’ EQUITY This growth, along with continuing efforts to implement synergies across our brands to bring us to bottom line profitability, remain our top priorities.” Holman concluded, “We remain focused on our expansion strategy and are confident in our ability to deliver another year of strong growth. Our top line sales results, coupled with the first quarter gross profit of $4.9M, evidence our ability to execute against our expansion strategy and deliver a record financial performance." This was driven largely by the two acquisitions we completed last year. Jeffrey Holman, Chief Executive Officer of HCMC, said, "We had another strong top line performance as first quarter revenue increased $8.5M to a first quarter record of $13.6M. It should be noted that over $0.3 million in non-recurring expenses were incurred during the three-month period ended March 31, 2023. Net loss from continuing operations for the three-month period ended March 31, 2023, amounted to approximately $2.0 million versus a $1.3 million loss for the same period last year, a 49% increased loss.Īdjusted EBITDA loss amounted to $1.6 million versus $1.2 million when compared to the same period last year. Gross Profit from operations increased by approximately $2.9 million for the three-month period ended March 31, 2023, amounting to a record $4.9 million, compared to $2.0 million for the same period in 2022, a 149% year-over-year increase. Net sales from operations for the three-month period ended March 31, 2023, amounted to a record $13.6 million, compared to $5.0 million, an approximately $8.5 million and 169% increase versus the same period in 2022. (OTC Pink: HCMC) today announced financial results for the first quarter ended March 31, 2023.įirst Quarter 20 2 3 Results Highlights : HOLLYWOOD, FL, (GLOBE NEWSWIRE) - Healthier Choices Management Corp. First Quarter Record Gross Profit of $4. F irst Quarter Record Sales of $ 1 3.6 Million, Up 169 %, over Q1 2022
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