Healthier Choices Management Corp. Announces Another Acquisition

Ellwood Thompson’s, a Natural Foods Market Located in Richmond, Virginia

HOLLYWOOD, FL, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) announced the acquisition of Ellwood Thompson’s, an organic and natural health food and vitamin store located in Richmond, Virginia.

Ellwood Thompson’s is a premier natural foods store, offering organic and all natural products and vitamins from both top national brands as well as locally sourced specialty brands. Ellwood Thompson’s offers everything from organic produce, natural groceries, dietary supplements, to freshly prepared food.

Jeffrey Holman, CEO of HCMC, made this statement regarding the acquisition, “Ellwood Thompson’s is a strategic asset that continues to accelerate the expansion of our grocery segment. It is yet another step in solidifying our growth initiatives, and based upon past performance, we believe our total revenue will approach $70,000,000 on an annualized basis.”

Mr. Holman concluded, “We believe this transaction offers compelling value to our shareholders and is yet another element in our endeavor to continue building an attractive, growing business with first-class capabilities.”

About Healthier Choices Management Corp.
Healthier Choices Management Corp. (www.hcmc1.com) is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. 

Through its wholly owned subsidiary HCMC Intellectual Property Holdings, LLC, HCMC manages and intends to expand its intellectual property portfolio. Additionally, HCMC markets its patented Q-Unit and Q-Cup technology. Information on these products and the technology is available on the Company’s website at www.theQcup.com.

Through its wholly owned subsidiary Healthy Choice Wellness Corp., HCMC operates:

• Ada’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 (www.Adasmarket.com)
• 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, (www.ParadiseHealthDirect.com)
• Mother Earth’s Storehouse, a two-store organic and health food and vitamin chain in New York’s Hudson Valley, has been in existence for over 40 years. (www.MotherEarthStorehouse.com)
• 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 (www.greensnaturalfoods.com)

Through its wholly owned subsidiary, Healthy Choice Wellness, LLC, HCWC operates through a licensing agreement for Healthy Choice Wellness Centers located at the Casbah Spa and Salon in Fort Lauderdale, FL,