HCMC buys GreenAcres Market (5 stores) for ~$7.1M; expects ~$75M annual revenue boost

Healthier Choices Management Corp.

Acquired organic/natural food chain with 5 stores in Oklahoma and Kansas for ~$7.1M, including ~$2.2M for inventory.
Financed via a $7.5M loan at 12% interest (3-year term) and a $1.225M promissory note at 6% (5-year term) to sellers.
CEO Jeffrey Holman says acquisition should propel annual top-line revenue to roughly $75 million.
GreenAcres marks HCMC's expansion into the midwestern U.S.; stores offer organic produce, groceries, vitamins.
Transaction closed July 18, 2024; funded by a mix of cash and seller notes.

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