Healthier Choices Management Corp. (HCMC) share price surged 25.00% from the day before to $0.00425 on Wednesday close. During the day, 448.65K shares changed hands as the stock has 101.18M outstanding shares. The stock has an average weekly volume of 451.74k versus an Average Monthly Volume of 677.68k.
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The Grocery Stores Industry, Healthier Choices Management Corp., (www.healthiercmc.com) focuses on providing healthier lifestyle choices for consumers by offering nutrition-related options and other lifestyle alternatives. This Company manages and intends to expand its intellectual property portfolio through its wholly-owned subsidiary, HCMC Intellectual Property Holdings, LLC. In addition to e-liquids and vaporizers, the Company offers related products in retail vape stores in the southeast U.S.
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Most recent Development…
February 08, 2021, Healthier Choices Management Corp. (HCMC) announced its intention to raise $5,000,000 through a private placement of its Series D preferred stock to institutional investors. At the current opening price of $0.0024, which is 150% more than its closing price of $0.0016 on Friday, February 05, 2021, the Series D preferred stock will be convertible into HCMC common stock. This conversion price is subject to several downward adjustments, including if the conversion shares are registered for resale or subject to Rule 144, as explained further in our Form 8-K filed on the date of this article.
We have received an equity investment of $0.0024 from a group of institutional investors led by our largest single long-term investor, representing a 150% premium at the time of its issuance. It is inspiring to see Jeff Holman, CEO of HCMC, demonstrate confidence in the Company’s fundamentals, its IP assets, and its prospects.
“We remain outspoken about our commitment to enforcing our intellectual property rights in the form of our patents against all infringers,” Mr. Holman concluded, “just as we did with the tobacco and marijuana industries.”
Over the next five years, this industry is expected to benefit from a strengthening economy. The COVID-19 (coronavirus) pandemic will eventually be contained, resulting in unemployment stabilizing and disposable income increasing. Increased disposable income per capita suggests shoppers will be inclined to buy higher-value goods and services from retail stores. As well as growing premium goods demand, operators will likely gain from reduced input costs.