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Tuesday, August 9, 2022

Healthier Choices Management Corp. (OTCMKTS: HCMC) Ticking Up as Co Looks to Grow Revenues, Expand its Intellectual Property Suite & Awaits Appellate Court Review of PMI Case

Healthier Choices Management Corp. (OTCMKTS: HCMC) is ticking up after the Company CEO Jeffrey Holman stated in a letter to shareholders: “In 2022, as I have stated before, we intend to continue our corporate growth initiatives. We will endeavor to (1) grow our revenue base through a larger footprint in brick and mortar, as well as online, (2) expand upon our intellectual property suite, and (3) increase our profitability.” Management states they are looking forward to the federal appellate court reviewing the Company’s matter against Phillip Morris, “as we believe that legal error was made in the dismissal of our case. Finally, please know that we are exploring potential ways to modify our capital share structure in a way that will be more favorable to our shareholders. In the final two months of 2021, we filed our third quarter results, announced the acquisition of EIR Hydration, and provided two updates on the status of our litigation. All of these can be found on our corporate website at www.HealthierCMC.com under the “News” tab. 

While the price has dropped significantly in recent months HCMC still 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. 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.  Currently the federal appellate court is reviewing the Company’s matter against Phillip Morris. 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. 

Healthier Choices Management Corp. (OTCMKTS: HCMC) is a U.S based Company providing consumers with healthier alternatives to everyday lifestyle choices. HCMC operates under a number of subsidiary Company’s including Healthy Choice Markets and Healthy Choice Markets 2. HCMC owns both Ada’s Natural Market, a 18,000 sq. ft. full-service grocery store serving the Fort Myers, Florida, and 3 Paradise Health & Nutrition locations in the greater Melbourne, Florida area. HCMC also operates 8 vape brick and mortar stores across the southeast US offering an alternative to traditional cigarettes. The Company’s vape stores opera under the following names; The Vape Store, Vapor Max, Vulcan Vape, and The Grab Bag locations, HCMC’s Vape Stores provide an endless selection of industry best vaping hardware and e-liquids, giving its consumers a way to get their nicotine without the smoke, tar, ash or carbon monoxide.    

The Company’s patented Q-Cup™ technology is based on a small, quartz cup called the Q-Cup™, which a customer can purchase already filled by a third party in some regions, or can partially fill themselves with about 50mg of either cannabis or CBD concentrate also purchased.  The Q-Cup™ can then be inserted into the patented Q-Unit™, which heats the cup from the outside without coming in direct contact with the solid concentrate.  This Q-Cup™ and Q-Unit™ technology provide a much more efficiency and “on the go” solution for consumers.  The Q-Cup™ can also be used in other devices as a convenient micro-dosing system.   

HCMC has a strong management team behind it led by CEO Jeffrey Holman, a corporate lawyer and executive who is President of Jeffrey E. Holman & Associates, P.A., a South Florida Based law firm. Christopher Santi, the Company’s COO is a marketing executive who served on Santi Management Corporation management team. John Ollet the Company’s CFO was previously an Executive Vice President-Finance for Systemax, Inc. for 10 years. 

Healthier Choices Management 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. Currently the federal appellate court is reviewing the Company’s matter against Phillip Morris. 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. 

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The bulk of HCMC $1 million plus in sales per month come from the Company’s chain of Vape Stores across the southeast United States. The 10 Vape Stores have a clear foot hold in the still ever-growing e-cigarette / vaping market and are listed as among the top Vap distributors in the Country.  The Vape Store is made up of regionally branded stores, consisting of our flagship The Vape Store brand, along with Vapor Max, Vulcan Vape, and The Grab Bag store brands.  Selling top rated hardware brands from KangerTech to Aspire, and an endless assortment of premium and house e-liquids, the Vape Store is an endless selection of products to provide users a better alternative to traditional smoking. 

The Company is already a revenue powerhouse doing over $1 million per month in sales in 2021; Back 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 also recently 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. 

Microcapdaily first reported on HCMC on January 27, 2021 stating: “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.”

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HCMC is ticking up after the Company CEO Jeffrey Holman stated in a letter to shareholders: “In 2022, as I have stated before, we intend to continue our corporate growth initiatives. We will endeavor to (1) grow our revenue base through a larger footprint in brick and mortar, as well as online, (2) expand upon our intellectual property suite, and (3) increase our profitability.” Management states they are looking forward to the federal appellate court reviewing the Company’s matter against Phillip Morris, “as we believe that legal error was made in the dismissal of our case. Finally, please know that we are exploring potential ways to modify our capital share structure in a way that will be more favorable to our shareholders. In the final two months of 2021, we filed our third quarter results, announced the acquisition of EIR Hydration, and provided two updates on the status of our litigation. All of these can be found on our corporate website at www.HealthierCMC.com under the “News” tab. While the price has dropped significantly in recent months HCMC still 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. 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.  Currently the federal appellate court is reviewing the Company’s matter against Phillip Morris. 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. 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.

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

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