301 0 Kommentare Healthier Choices Management Corp. Announces Postponement of the Record Date for the Spin Off of Healthy Choice Wellness Corp

HOLLYWOOD, FL, May 26, 2023 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) (“HCMC” or the “Company”) announced today that that the record date for the stock dividend for the spinoff (the “Spin Off Shares”) of Healthy Choice Wellness Corp. (“HCWC”), which was previously set for May 1, 2023 (the “Record Date”), has been cancelled. The Company’s Board of Directors previously declared a pro rata dividend to the stockholders of all of the outstanding common stock of HCWC (the “Distribution”) and the Company continues to undertake all necessary actions to effect the Distribution. The Company will update its stockholders with respect to the Distribution, and the new record date, as soon as circumstances so permit.

The Company is required to obtain certain regulatory and other approvals (such as SEC approval for registration of the Spin Off Shares and stock exchange listing approval) before the Distribution can occur. At present, the Company does not believe these requirements can be achieved prior to June 29, 2023 (the “Distribution Deadline”), the date HCMC would be required to complete the Distribution pursuant to Delaware law for the Record Date to remain effective.

The Company’s CEO and Chairman, Jeffrey Holman, said, “We are committed to completing our announced spinoff of HCWC to the Company’s stockholders. The delay has been driven by approval matters outside our control. Despite these challenges, I remain optimistic that these matters will be timely dealt with and the resulting stock dividend of HCWC will achieve the desired outcome for the Company and its stockholders.

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, the Company manages and intends to expand its intellectual property portfolio.

Through its wholly owned subsidiaries, the Company 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)