HCMC acquires Mother Earth's Storehouse for $3.9M; expects to double annual revenue

Healthier Choices Management Corp.

Cash purchase price of $3.9M plus $677,500 for inventory; also acquired historic building for ~$575,000.
Acquisition of two organic/natural food stores in Kingston and Saugerties, New York, operating under existing name.
CEO states acquisition is expected to roughly double HCMC's top-line revenue on an annualized basis.
Transaction closed on February 9, 2022; includes restrictive covenants and employment agreement with store manager.

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