Healthier Choices (HCMC) Sees Big Decrease in 2021 Sales and Gross Profit Amid Closing Some Vape Stores

If the business wasn’t working well after burning so much cash closing it would be the wisest idea. The same scenario occurs in Healthier Choices Management’s (OTC: HCMC) group of assets. In 2021 due to strong competition in the vaping segment, the company had to close several vape stores.

Therefore in 2021 Healthier Choices had to face a significant $0.6 million decrease in net sales from operations, a $(0.3) decrease in net loss from operations while the company has not entered annual positive earnings territory yet. Nevertheless, total current assets rose to $28.8 million in 2021 compared to $3.0 million in 2020. Total current liabilities fell to $2.5 million for the year ended 2021 compared to $5.7 million.

Since the beginning of December 2020 HCMC stock has been trending and also promising investment opportunity but today we witness it fell to $0.0002 from 2020’s record-high $0.0024.

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