secwatch.observer — SEC 8-K summary
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Issuer:     Healing Co Inc. (—)
CIK:        0001441082
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001477932-23-001355
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Healing Company acquires Chopra Global's wellness businesses for up to $5M cash plus 1.4M shares
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- Purchase price up to $5M cash plus 1.4M shares of HLCO common; $1M cash and shares paid at close on March 3, 2023.
- Deferred cash payment of $2.5M due March 31, 2023; earnouts up to $3M if net revenue reaches $5.9M (2023), $11M (2024), $15M (2025).
- Concurrent perpetual license agreement with 5% royalty on net revenue for certain Chopra intellectual property.
- Deepak Chopra remains Chief Scientific Advisor; Chopra's community: 20M social followers, 1M app downloads, 4.9-star app rating.
- Second acquisition in four months; first was Your Super late 2022. HLCO building portfolio in integrative healing markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441082/000147793223001355/0001477932-23-001355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441082/000147793223001355/thcc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001355

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer