HCMC announces four-point plan: $5M buyback, grocery/wellness spinoff, stock dividend, $26.5M institutional capital

Healthier Choices Management Corp.

$5M buyback (~27% of capital reserves) to offset dilution; board discretion.
Spinoff of retail/wellness into NewCo (expected NYSE listing Q4 2022); HCMC retains patents and Philip Morris case.
Stock dividend: 100% of NewCo initial shares to HCMC shareholders; no cost; based on ownership; $10 minimum dividend entitlement.
Equity raises: $13.25M via Series E preferred for HCMC; $13.25M commitment for NewCo contingent on spinoff closing.

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