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Healthier Choices Management Corp. (OTC Pink: HCMC) faced a setback as the District Court for the Northern District of Georgia dismissed its patent infringement lawsuit against Philip Morris USA, Inc. HCMC has 14 days to request permission to file an amended complaint. This ruling impacts HCMC's legal strategy and potentially its stock valuation as it weighs further actions in the ongoing patent dispute.
Healthier Choices Management Corp. (OTC Pink: HCMC) announced that it will receive U.S. Patent Number 11,064,732 on July 20, 2021. This patent covers a novel vaporizer cartridge technology that encapsulates internal components in a non-reactive material, safeguarding against toxic reactions between vaping substances and metal coils. CEO Jeff Holman asserts this patent aims to enhance vaping safety by preventing heavy metal leaching. The company is considering the production or distribution of these innovative cartridges, further expanding its intellectual property portfolio.
Healthier Choices Management Corp. (HCMC) has entered an Exclusive Authorized Filling Agreement for its Q-Cup® technology in Canada with 6PAK Solutions Inc., a sister company of ATG Pharma Inc. This partnership aims to provide access to Q-Cups® for existing and new licensed producer clients in the cannabis industry. HCMC's CEO, Jeff Holman, highlighted expectations of significant growth in Canadian cannabis sales, projected to reach $4 billion this year and increase to $5 billion next year. This arrangement strategically positions HCMC to capture early market share in Canada.
Healthier Choices Management Corp. (HCMC) announced a partnership with The Health Center in Colorado to launch their patented quartz Q-Cups® filled with NUHI brand concentrates. The soft launch is planned for the coming weeks, with a full-scale launch on July 10, 2021, which will include wholesale distribution to licensed dispensaries. CEO Jeff Holman expressed excitement over entering the Colorado market, emphasizing the convenience and eco-friendliness of their Q-Cup® technology. This partnership aims to meet consumer demand for better dosing options.
Healthier Choices Management Corp. (HCMC) is facing a challenge as Philip Morris Products S.A. has filed a petition with the U.S. Patent and Trademark Office's Patent Trial and Appeal Board to invalidate HCMC's U.S. Patent No. 10,561,170. If accepted, HCMC will have three months to respond. This follows HCMC's patent infringement lawsuit against Philip Morris regarding their IQOS product.
HCMC's CEO, Jeff Holman, stated the company is prepared to vigorously defend their patent rights.
Healthier Choices Management Corp. (HCMC) announced the expiration of its rights offering, which concluded on June 10, 2021. The offering allowed stockholders to purchase shares at $0.0010 each, a 25% discount to the 5-day VWAP. Approximately 27 billion shares were subscribed, raising an estimated $27 million. The closing is anticipated on June 15, 2021. CEO Jeffrey Holman emphasized that the capital raised will enhance stockholder value by funding litigation, research, and growth initiatives. The offering's results are pending final verification by the subscription agent.
Healthier Choices Management Corp. (HCMC) announced the nearing expiration of its rights offering on June 10, 2021. Shareholders holding shares through brokers must be aware that the execution deadlines may vary by firm, with some as early as June 4, 2021. Notably, TD Waterhouse has the earliest cutoff at 11:59 pm EST on June 4, while Interactive Brokers has the latest at 10:00 am EST on June 10. The Company urges stockholders to contact their brokers for specific deadlines. The rights offering is pursuant to the effective registration statement filed with the SEC.
Healthier Choices Management Corp. (HCMC) has announced an extension of its Rights Offering expiration date from June 3, 2021, to June 10, 2021. This decision is in response to reports that some brokers set earlier internal cut-off dates, causing confusion among stockholders regarding their ability to participate. CEO Jeffrey Holman noted positive feedback about the Rights Offering, and the extension aims to provide all stockholders with ample time to exercise their subscription rights. The subscription period began on May 19, 2021, and all other terms of the Rights Offering remain unchanged.
Healthier Choices Management Corp. (HCMC) has announced details regarding its Rights Offering in response to stockholder inquiries. The offering is identified by the designation “422RGT019” and allows shareholders to purchase a quantity equal to 25% of their holdings as of the record date, May 18, 2021. Investors interested in acquiring more can seek assistance from their trading platform. The subscription period ends on June 3, 2021, unless extended by the Company. All transactions are subject to the prospectus registered with the SEC, and investors are urged to consult it for comprehensive information.
Healthier Choices Management Corp. (OTC Pink: HCMC) has launched its rights offering, commencing on May 19, 2021. Shareholders will receive one non-transferable subscription right for each four shares of common stock owned as of the Record Date (May 18, 2021). The Estimated Subscription Price is set at $0.001425, reflecting a 25% discount on the average price from the previous five trading days. To participate, rights holders must submit a completed subscription rights certificate with payment by June 3, 2021. Maxim Group LLC is the dealer-manager for this offering.