web analytics
-1 C
Munich
Tuesday, January 25, 2022

Healthier Choices Management Corp. (OTCMKTS: HCMC) Major Comeback Brewing as Vape Operator Reports Solid Financials & Files Appeal Against PMI

Healthier Choices Management Corp. (OTCMKTS: HCMC) is once again emerging as one of the top most traded stocks in small caps trading close to a billion shares on Thursday alone. The stock has a massive following of investors and is one of the most talked about and searched for stocks in the OTC with over 400,000 shareholders of record. The stock got a lift after the Company’s Motion for Leave to Amend its Complaint in its patent infringement case against Phillip Morris was denied without prejudice and HCMC has jumped on the opportunity already filing an appeal stating the Georgia Court committed legal error by dismissing its complaint for patent infringement and also by denying HCMC’s motion to amend its pleading. Jeff Holman, CEO of HCMC, stated, “We will continue to vigorously pursue our case through the appellate process as we believe the facts and controlling law support our position.” The Company is represented by Cozen O’Connor ranked among the top 100 law firms in the country and employing more than 775 attorneys in 29 cities across two continents. The firm’s diverse client list includes global Fortune 500 companies, middle-market firms poised for growth, high-profile individuals and HCMC who must have an excellent case against PMI. 

The entire case boils down to whether PMs IQOS device combusts and if HCM can prove the IQOS device combusts. According to the lawsuit: Claim 1: the first of two independent claims for HCM’s patent, recites several limitations, including that the electronic pipe transmits an electric current from the battery to the heating element…initiating a combustion reaction and 11: Claim 5 the other independent claim recites a method for igniting the pipe that includes initiating by way of the heating element, a combustion reaction. HCMC must prove the IQOS device does in fact combust which it does. HCMC has a lot going on besides the trial; they recently reported strong financial results for the three-month period ended September 30, 2021. Revenues were $3,269,507 for the quarter and $10,121,153 for the 9 months ended September 30; very big numbers of any Company on the OTC fueled by HCMC line of successful vape stores with 9 retail locations in the US. They also acquired EIR Hydration, an IV therapy center located in Roslyn Heights, NY as part of its ongoing expansion campaign. HCMC re-branding of this location as its first “Healthier Choices Wellness Center” is already in progress.  

Healthier Choices Management Corp. (OTCMKTS: HCMC) operates via a number of divisions producing growing revenues. Operating via its subsidiaries, Healthy Choice Markets and Healthy Choice Markets 2, the Company operates both Ada’s Natural Market, a 18,000 sq. ft. full-service grocery store serving the Fort Myers, FL, and three Paradise Health & Nutrition locations in the greater Melbourne, FL area. HCMC operates 8 vape stores across the southern US offering alternatives to traditional cigarettes. Operating regionally, through its Vape Store brands, including The Vape Store, Vapor Max, Vulcan Vape, and The Grab Bag locations, the Company’s Vape Stores provide a large selection of vaping hardware and e-liquids. HCMC is already a revenue powerhouse doing over $1 million per month in sales in 2020; on March 5 HCMC announced financial results for the fourth quarter and fiscal year ended December 31, 2020. In Q4 the Company delivered improvement in adjusted EBITDA for fiscal year 2020. Net sales from continued operations for the year ended December 31, 2020 amounted to $13.9 million, compared to $15.1 million during the same period last year.   

HCMC owns a valuable patent portfolio related to both vape technology and also manufacturing processes and procedures for an imitation nicotine product. HCMC patented Q-Cup™ technology is based on a small, quartz cup called the Q-Cup™, which can be bought already filled by a third party in some regions, or can partially fill themselves with either cannabis or CBD concentrate also purchased from a third party.  The Q-Cup™ can then be inserted into the patented Q-Unit™, which heats the cup from the outside.  The Q-Cup™ and Q-Unit™ technology provides more efficiency and an excellent solution for consumers.  The Q-Cup™ can also be used in other devices as a convenient micro-dosing system. Most recently, HCMC formed a wholly owned subsidiary, HCMC Intellectual Property Holdings, LLC, to hold and market its intellectual property assets. The subsidiary will own all of the patents, trademarks and other intellectual property of HCMC and will be utilized in the company’s attempt to monetize its intellectual property. On July 20 U.S. Patent Number 11,064,732 entitled Electronic Vaporizer Cartridge with Encased Heat Source was issued to HCMC.

HCMC CEO has been working hard behind the scenes; CEO Jeffrey Holman; a seasoned executive and corporate lawyer also serves as President of Jeffrey E. Holman & Associates, P.A., a South Florida Based law firm. Christopher Santi, the Company’s COO and President is sales executive who served as President of Santi Management Corporation before joining the Company. 

HCMC filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against PM (Philip Morris USA, Inc. and Philip Morris Products S.A.) concerning PMs “IQOS®.” Cozen O’Connor is representing HCMC in their lawsuit against Phillip Morris which claims that PM is infringing on HCMC’s patent rights in connection with IQOS®, which is an alternative tobacco product marketed and sold by Phillip Morris. PM has already invested over $3 billion in their smokeless tobacco products and is approaching 14 million users of its IQOS® This is part of PMs ongoing transition from traditional cigarettes to modified risk tobacco products, such as IQOS®. The IQOS® is currently the subject of a number of lawsuits including two other patent infringement proceedings filed by RJ Reynolds Tobacco Company.   

The law firm representing HCM is Cozen O’Connor, an international law firm employing 775 attorneys in 29 cities across two continents. The Company is ranked among the top 100 law firms in the US and its diverse client list includes global Fortune 500 companies, middle-market firms poised for growth, high-profile individuals and ambitious upstarts like HCMC. The firm has been awarded as the #1 law firm of the year several times. 

Microcapdaily first reported on HCMC in January 2021 stating at the time: “Healthier Choices Management Corp (OTCMKTS: HCMC) is making a swift move up the charts in recent days trading billions of shares and emerging as a volume leader in small caps. On Wednesday alone HCMC dollar volume topped $20 million USD.”

https://twitter.com/BizWrld/status/1471101286971961344

Subscribe to Microcapdaily Right Now for more on HCMC by entering your email below 

HCMC

On November 15 HCMC reported financial results for the three-month period ended September 30, 2021. Revenues were $3,269,507 for the quarter and $10,121,153 for the 9 months ended September 30; very big numbers of any Company on the OTC. Gross profit from operations from Q3 was $1.38 million and $4.33 million for the 9 months ended. 

The Company acquired EIR Hydration, an IV therapy center located in Roslyn Heights, NY as part of its ongoing expansion campaign. HCMC re-branding of this location as its first “Healthier Choices Wellness Center” is already in progress. EIR Hydration provides professionally customized IV hydration plans to meet its client’s lifestyle, dietary habits, athletic activities and health needs. EIR currently boasts eight different IV drip “cocktails” for clients to choose from. These cocktails are designed to help boost immunity, fight fatigue and stress, reduce inflammation, enhance weight loss, and efficiently deliver anti-oxidants and anti-aging mixes. Additionally, there are cocktails for health, beauty and re-hydration. 

EIR’s founder, Elaine Riano, has joined HCMC as its Executive Vice-President of Health & Wellness, and in addition to continuing to create new product offerings and supervising the nursing staff, she will also oversee expansion of this business. Ms. Riano is a cardiothoracic anesthetist with over 16 years of experience, specializing in open heart and thoracic surgery, receiving her doctorate degree from Columbia University. Elaine is also a 10-year veteran of the United States Army Reserves, mother of three and fitness enthusiast. 

While the Company’s Motion for Leave to Amend its Complaint in its patent infringement case against Phillip Morris was denied, HCMC has filed an appeal believing the Georgia Court committed legal error by dismissing its complaint for patent infringement and also by denying HCMC’s motion to amend its pleading. Jeff Holman, CEO of HCMC, stated, “We will continue to vigorously pursue our case through the appellate process as we believe the facts and controlling law support our position.” 

 For More on HCMC Subscribe Right Now! 

HCMC is once again emerging as one of the top most traded stocks in small caps trading close to a billion shares on Thursday alone. The stock has a massive following of investors and is one of the most talked about and searched for stocks in the OTC with over 400,000 shareholders of record. The stock got a lift after the Company’s Motion for Leave to Amend its Complaint in its patent infringement case against Phillip Morris was denied without prejudice and HCMC has jumped on the opportunity already filing an appeal stating the Georgia Court committed legal error by dismissing its complaint for patent infringement and also by denying HCMC’s motion to amend its pleading. Jeff Holman, CEO of HCMC, stated, “We will continue to vigorously pursue our case through the appellate process as we believe the facts and controlling law support our position.” The Company is represented by Cozen O’Connor ranked among the top 100 law firms in the country and employing more than 775 attorneys in 29 cities across two continents. The firm’s diverse client list includes global Fortune 500 companies, middle-market firms poised for growth, high-profile individuals and HCMC who must have an excellent case against PMI. The entire case boils down to whether PMs IQOS device combusts and if HCM can prove the IQOS device combusts. According to the lawsuit: Claim 1: the first of two independent claims for HCM’s patent, recites several limitations, including that the electronic pipe transmits an electric current from the battery to the heating element…initiating a combustion reaction and 11: Claim 5 the other independent claim recites a method for igniting the pipe that includes initiating by way of the heating element, a combustion reaction. HCMC must prove the IQOS device does in fact combust which it does. HCMC has a lot going on besides the trial; they recently reported strong financial results for the three-month period ended September 30, 2021. Revenues were $3,269,507 for the quarter and $10,121,153 for the 9 months ended September 30; very big numbers of any Company on the OTC fueled by HCMC line of successful vape stores with 9 retail locations in the US. They also acquired EIR Hydration, an IV therapy center located in Roslyn Heights, NY as part of its ongoing expansion campaign. HCMC re-branding of this location as its first “Healthier Choices Wellness Center” is already in progress.  We will be updating on HCMC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HCMC.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in HCMC either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.