Healthier Choices Management (HCMC) Stock Suddenly Soars 25%: Here is Why
Over the past week or so, the Healthier Choices Management Corp (OTCMKTS:HCMC) has been on the radars of many investors owing to the company’s rights offering. As everyone knows, a rights offering is an important event and can prove to be quite popular among the existing shareholders of a company.
Last week the company announced that the extension of the rights offering to June 10, 2021, since there had been some confusion regarding cut-off dates. The original cut off date for the offering had been set for June 3, 2021. The company claimed that it had got reports in which some custodians and brokers had misled clients by informing them of an earlier cut-off date.
The company further informed that shareholders and some of the international investors of the company had been told by their brokerage firms that the cut off date was May 28, 2021. Hence, the cut off date was extended by Healthier Choices Management Corp so that all investors could participate in the rights offering. The rights offering has been one of the more important events for the company in recent times.
The company announced that the whole thing had commenced on May 19, 2021 and investors were told that subscription rights had been made available through their brokers, dealers and banks among others.
That was however not the only important development in relation to Healthier Choices Management Corp last month. Back on May 10 the company announced its financial results for the first fiscal quarter ended on March 31, 2021. During the period, the company managed to generate net sales of $3.5 million, which reflected a decline of 14% year on year.
That being said, it is also necessary to point out that in the same period last year, the company’s sales had surged owing to the significant rise in sales in the grocery department during the COVID 19 pandemic. On the other hand, total operating expenses declined by 15% year on year to $2 million.
HUMBL (HMBL) Stock Sees Profit Booking: Will The Rally Resume This Week?
Last week the HUMBL Inc (OTCMKTS:HMBL) stock was one of the major gainers and ended up clocking gains of as much as 100%. However, the situation has been markedly different this week and yesterday; the stock actually went down by 7%.
It is now important for investors to figure out if the correction in the HUMBL stock could be a fresh opportunity for investors. Hence, it is necessary to take a closer look at the company. Yesterday, HUMBL announced that it got into collaboration with Athletes First in order to develop new lines of businesses like ticketing, digital marketing and non-fungible tokens (NFTs).
Athlete First is one of the leading lights in the sports agency business and over the past decades it has represented broadcasters, NFL players, coaches and executives. By way of this collaboration, the agency is going to help HUMBL in delivering high quality white glove services to its some of its selected clients in the fields of entertainment and sports.
However, there have been other recent developments as well that investors need to keep in mind when analysing HUMBL. Back on May 25, the company had announced that it closed two new financing that brought in a total of $2500000.
The fresh capital is meant for being a bridge as HUMBL readies for equity financing to the tune of $50000000. The round of investment that had been attracted by the company also included participation from entities based out of Australia and the United States. The company has been busy over the past month or so in making deals and collaborations.
In early May, HUMBL was in focus after it announced that it completed the acquisition of the well-known creative advertising firm named Monster Creative LLC. Monster is going to operate independently but it is going to help HUMBL with the creation of multimedia NFTs. The company has moved into NFTs in a decisive manner in recent times.