Healthier Choices Management Corp (OTCMKTS:HCMC) Stock In Focus After A Key Update
This morning Healthier Choices Management Corp (OTCMKTS:HCMC) is in the news after the company sent out a letter from its Chief Executive Officer addressed to its shareholders. In the letter it was noted that May 1, 2023 was going to be the record date on which the dividends of shares of the common stock in Healthier Choices Wellness Corp were going to be distributed to the shareholders of Healthier Choices Management Corp. That is going to happen at the same time the company would spin off its natural good grocery and wellness business.
Trading Data
On Tuesday, GTOR stock moved up 7.89% to $0.0061 with more than 59.75K shares, compared to its average volume of 1.28 million shares. The stock moved within a range of $0.0056 – 0.0061 after opening trading at $0.0056.
Healthier Choices Management Corp. Announces The Record Date To Be Eligible For Dividend Of Shares In Spin-Off Of Natural Foods Grocery And Wellness Business
The CEO started the latter by thanking the shareholders for their continued support to the company. The update was mainly pertaining to the spinoff of the company’s subsidiary Healthier Choices Wellness Corp. The registration statement on Form S-1 in relation to the spinoff was still to be declared effective by the United States Securities and Exchange Commission.
Once that happens the company expects the spun off entity to begin trading at some point in the second quarter or at the beginning of the third quarter of the year. Previously, the company had noted that once it went through the company would make an application for the Healthier Choices Wellness Corp to trade on the NYSE American exchange.
