secwatch.observer — SEC 8-K summary
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Issuer:     Healing Co Inc. (—)
CIK:        0001441082
Form:       8-K/A
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001477932-23-001312
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 8.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Healing Company completes acquisition of Your Super; audited financials show $27M net loss in 2021
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- Acquired substantially all assets of Your Super Inc. on Oct 13, 2022; Your Super subsidiaries became wholly owned.
- Your Super's 2021 revenue $49.2M (down 18% from $59.9M in 2020); net loss $27.3M vs $9.4M in 2020.
- Accumulated deficit reached $45M as of Dec 31, 2021; auditor raised substantial doubt about going concern.
- Line of credit defaulted in March 2022; balance was acquired by HLCO and subsequently forgiven.
- Your Super's 2021 advertising and marketing expense was $39.7M, exceeding gross profit of $36.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441082/000147793223001312/0001477932-23-001312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441082/000147793223001312/hlco_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001312

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