secwatch.observer — SEC 8-K summary
======================================

Issuer:     Healing Co Inc. (—)
CIK:        0001441082
Form:       8-K/A
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001477932-23-001385
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healing Company files Your Super financials; revenue down 61% YoY, accumulated deficit $51.8M
--------------------------------------------------------------------------------

- Your Super revenue $15.6M for 9 months ended Sep 30, 2022 vs $40.5M prior year, a 61% decline.
- Net loss improved to $6.8M from $16.6M but cash only $322k; substantial doubt about going concern.
- Accumulated deficit $51.8M; line of credit defaulted March 2022, later acquired and forgiven by HLCO.
- Pro forma combined financials filed; acquisition closed October 13, 2022 for substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441082/000147793223001385/0001477932-23-001385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441082/000147793223001385/hlco_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001385

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