Healthy Choice Wellness Corp. Strengthens Balance Sheet Through Market Price Debt-for-Equity Conversion
March 03 2025 - 10:15AM
Healthy Choice Wellness Corp. (NYSE-AM: HCWC)
today announced that existing lenders have converted $450,000 of
outstanding debt into shares of the Company's Class A common stock.
This transaction strengthens the Company's balance sheet and
reduces its debt burden.
Jeffrey Holman, Chief Executive Officer of HCWC,
said, “We are very pleased that lenders have shown their confidence
in HCWC by converting a portion of their debt to equity at the
current market price, without any discounts or warrants. This debt
conversion bolsters our balance sheet and is a positive next step
towards continued growth and success."
About Healthy Choice Wellness
Corp.
Healthy Choice Wellness Corp. is a holding
company focused on providing consumers with healthier daily choices
with respect to nutrition and other lifestyle
alternatives.
Through its wholly owned subsidiaries, the
Company operates:
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- Ada’s Natural Market, a natural and
organic grocery store offering fresh produce, bulk foods, vitamins
and supplements, packaged groceries, meat and seafood, deli, baked
goods, dairy products, frozen foods, health & beauty products
and natural household items (www.Adasmarket.com).
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- Paradise Health & Nutrition’s
three stores that likewise offer fresh produce, bulk foods,
vitamins, and supplements, packaged groceries, meat and seafood,
deli, baked goods, dairy products, frozen foods, health &
beauty products and natural household items
(www.ParadiseHealthDirect.com).
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- Mother Earth’s Storehouse, an
organic and health food and vitamin store in New York’s Hudson
Valley, which has been in existence for over 40 years
(www.MotherEarthStorehouse.com).
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- Greens Natural Foods’ eight stores
in New York and New Jersey, offering a selection of 100% organic
produce and all-natural, non-GMO groceries and bulk foods; a wide
selection of local products; an organic juice and smoothie bar; a
fresh foods department, which offers fresh and healthy “grab &
go” foods; a full selection of vitamins & supplements; as well
as health and beauty products. (www.Greensnaturalfoods.com).
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- Ellwood Thompson’s, an organic and
natural health food and vitamin store located in Richmond, Virginia
(www.ellwoodthompsons.com).
- GreenAcres Market, an organic and
natural health food and vitamin chain with five store locations in
Kansas and Oklahoma. GreenAcres Market is a chain of premier
natural foods stores, offering organic and all natural products and
vitamins from both top national brands as well as locally sourced
specialty brand (www.greenacres.com).
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Through its wholly owned subsidiary, Healthy U
Wholesale, the Company sells vitamins and supplements, as well as
health, beauty and personal care products on its website
www.TheVitaminStore.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of that term in the Private
Securities Litigation Reform Act of 1995 (Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934). Additional written or oral forward-looking statements
may be made by the Company from time to time in filings with the
Securities and Exchange Commission (SEC) or otherwise. Statements
contained in this press release that are not historical facts are
forward looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
and are based on management’s estimates, assumptions and
projections and are not guarantees of future performance. The
Company assumes no obligation to update these statements.
Forward-looking statements may include, but are not limited to,
projections or estimates of revenue, income, or loss, exit costs,
cash flow needs and capital expenditures, statements regarding
future operations. In addition, when used in this release, the
words “anticipates,” “believes,” “estimates,” “expects,” “intends,”
and “plans” and variations thereof and similar expressions are
intended to identify forward looking statements. Factors that
may affect our future results of operations and financial condition
include, but are not limited to, fluctuations in demand for our
products, the introduction of new products, our ability to maintain
customer and strategic business relationships, the impact of
competitive products and pricing, growth in targeted markets, the
adequacy of our liquidity and financial strength to support its
growth, and other information that may be detailed from
time-to-time in our filings with the SEC.
Contact Information
Healthy Choice Wellness Corp. 3800 North 28th
Way, Hollywood, FL 33020305-600-5004Email: ir@hcwc1.com
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