other material
confidence medium
sentiment neutral
materiality 0.50
HCMC files Amendment No.2 with audited financials for acquired Dean's Natural Food Market; qualified audit opinion
Healthier Choices Management Corp.
- Acquired 8 organic/natural food stores in NY and NJ on Oct 14, 2022 via asset purchase.
- Audited 2021 combined financial statements include qualified opinion: unable to verify $298,482 intangible asset write-off.
- NJ stores included for full year 2021 even though not under common control until Aug 16, 2021 – auditor notes GAAP departure.
- Pro forma combined balance sheet and income statement for HCMC as of Dec 31, 2021 filed as Exhibit 99.2.