HCMC completes $4.5M acquisition of Mother Earth's Storehouse, adds $14.3M revenue

Healthier Choices Management Corp.

Acquired Mother Earth's Storehouse for $4.5M cash plus $677,500 for inventory; closed Feb 8, 2022.
Mother Earth's 2021 net sales $14.3M, net income $1.54M, operating income $860K.
Pro forma combined 2021 net loss improved from $4.04M to $2.50M; total sales rose to $27.6M.
Adds two organic grocery stores in Kingston and Saugerties, NY; lease assumed for Kingston location.
HCMC intends to continue operating stores under the Mother Earth's name.

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