Healthy Choice Wellness Corp.
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Jeffrey Elliot Holman
- Full Time Employees
- 430
- Sector
- Consumer Defensive
- Industry
- Grocery Stores
- Address
- 3800 North 28th Way Hollywood FL United States of America 33020
- IPO Date
- Sep 16, 2024
- CIK
- 0001948864
- Website
- hcwc.com
- Similar Companies
- Business
- Healthy Choice Wellness Corp. (NYSE American: HCWC), founded in 2022 and headquartered in Hollywood, Florida, operates as a holding company focused on providing consumers with healthier daily choices in nutrition and lifestyle alternatives through its wholly owned subsidiaries. The company runs 19 natural and organic grocery stores across six states, including Ada's Natural Market; Paradise Health and Nutrition; Mother's Earth's Storehouse in New York's Hudson Valley; Green's Natural Foods with eight locations in New York and New Jersey offering 100% organic produce, non-GMO groceries, bulk foods, local products, organic juice and smoothie bars, fresh grab-and-go foods, vitamins, supplements, health and beauty products; Ellwood Thompson's in Richmond, Virginia; and the recently integrated five GreenAcres Market stores in Kansas and Oklahoma; as well as Healthy Choice Wellness Centers and the online platform thevitaminstore.com selling vitamins, supplements, fresh produce, bulk foods, packaged groceries, meat, seafood, deli items, baked goods, dairy, frozen foods, and natural household products. Targeting health-conscious consumers in the consumer staples sector's grocery stores industry with approximately 500 employees, HCWC serves markets primarily in the eastern and midwestern United States. Recent developments include its September 2024 listing on NYSE American following a $4 million IPO priced at $10 per share with 400,000 shares offered; successful integration of the GreenAcres Market acquisition in late July 2024 boosting store count and contributing to record Q3 2024 sales of $18 million (up 43% year-over-year) and $7 million gross profit; appointment of industry veteran Christopher Valenti as Director of Merchandising from United Natural Foods to enhance product management, pricing, inventory turns, and margins; a $2 million capital raise via preferred stock sale; record fourth quarter and year-end 2024 sales and gross margins; and strategic plans for 2025 acquisitions in underserved Midwest to East Coast markets, alongside partnerships, operational excellence via inventory systems and supply chain optimization, technology investments including AI for purchasing and marketing, and localized digital marketing initiatives.
Company News
HCWC Announces Host Digital Secures $1.25 Billion, 15-Year AI Data Center Lease
Healthy Choice Wellness Q2 Loss Widens Y/Y as Retail Sales Decline
Healthy Choice Wellness Corp. Announces 1-for-35 Reverse Stock Split
HEALTHY CHOICE WELLNESS CORP.'S STOCKHOLDERS APPROVE ALL PROPOSALS IN CONNECTION WITH MERGER WITH HOST DIGITAL
Healthy Choice Wellness Corp. Files Definitive Proxy Statement and Announces Special Meeting of Stockholders in Connection with Merger with Host Digital Infrastructure LLC
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Zacks Initiates Coverage of HCWC With Neutral Recommendation
Healthy Choice Wellness Corp. Reports Record Sales and Gross Margin Financial Results for Full-Year 2025
Healthy Choice Wellness Corp. Announces Record First Quarter 2025 Financial Results
Healthy Choice Wellness Corp. Completes Second Tranche of Debt-for-Equity Conversion
Healthy Choice Wellness Corp. Announces Same-Store Sales Growth as Part of its Record First Quarter 2025 Sales and Gross Profit Performance
Healthy Choice Wellness Corp. Strengthens Balance Sheet Through Market Price Debt-for-Equity Conversion
Healthy Choice Wellness Provides Shareholder Update Highlighting Strategic Growth Drivers
Healthy Choice Wellness Launches Unified Rewards Program Across All Banners
Healthy Choice Wellness Corp. Strengthens Balance Sheet Through Market Price Debt-for-Equity Conversion
Announces Year-Over Year Record Sales and Gross Margin Increases
Open letter from the Chief Executive Officer.
Healthy Choice Wellness Corp. Announces Closing of $4.0 Million Initial Public Offering
Healthy Choice Wellness Corp. Announces Listing on NYSE American, Pricing of Initial Public Offering and Completion of Spin-Off from Healthier Choices Management Corp.