HCMC on OTC

Healthier Choices Management Corp.

American tobacco products company, incorporated in Delaware. Summary from the record

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Last updated Oct 19, 2026.

Overview

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TickerHCMC on OTC¹
IndustryTobacco Products¹
HeadquartersHollywood, Florida¹
Incorporated inDE²
Business address3800 North 28Th Way, Hollywood, Fl 33020²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Thompson’s, and GreenAcres Market retail brands, as well as licensed wellness centers and Healthy U Wholesale.³ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-937.9%Gross margin⁴

-236084.2%Operating margin⁴

-235580.6%Net margin⁴

494.6%Revenue growth, 2025⁴

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenue

Cost of revenue100¢$30.9K

Out of $3.0K in revenue.⁴ The company lost money this year.

Financial statements

Revenue⁵⁶⁷⁸⁹⁴$3.0K in 2025−100% since 2019

Gross profit⁵⁶⁷⁸⁹⁴-$27.9K in 2025

Operating income⁵⁶⁷⁸⁹⁴-$7.0M in 2025+59% since 2019

Net income⁵⁶⁷⁸⁹⁴-$7.0M in 2025+151% since 2019

Every line of the income statement as filed: the last 2 fiscal years, latest first.⁴

Period ending	2025-12-31	2024-12-31
SALES, NET	$3.0K	$501
COST OF SALES	$30.9K	$66.8K
GROSS PROFIT	-$27.9K	-$66.3K
OPERATING EXPENSES	$7.0M	$8.4M
LOSS FROM OPERATIONS	-$7.0M	-$8.5M
Loss on investment		-$1.3K
Other (expense) income, net	-$19.7K	$263.8K
Interest income (expense), net	$34.7K	$126.0K
TOTAL OTHER INCOME (EXPENSE), NET	$15.0K	$388.4K
NET LOSS FROM CONTINUING OPERATIONS	-$7.0M	-$8.1M
NET LOSS FROM DISCONTINUED OPERATIONS		-$3.8M
NET LOSS	-$7.0M	-$11.9M
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC	481.3B shares	479.7B shares
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-DILUTED	481.3B shares	479.7B shares

Total assets⁵⁶⁷⁸⁹⁴$1.5M in 2025−90% since 2019

Total liabilities⁵⁶⁷⁸⁹⁴$1.6M in 2025−80% since 2019

Shareholders’ equity⁶⁷⁸⁹⁴-$1.2M in 2025

Cash⁵⁶⁸⁹⁴$1.1M in 2025−25% since 2019

Long-term debt⁶⁷⁸$2.4M in 2023−51% since 2020

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.⁴

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalent	$1.1M	$1.2M
Accounts receivable, net	$199
Inventories	$36.1K	$40.5K
Prepaid expenses and vendor deposits	$62.9K	$161.6K
Restricted cash	$100.0K	$553.2K
TOTAL CURRENT ASSETS	$1.3M	$1.9M
Property, plant, and equipment, net of accumulated depreciation	$7.8K	$80.5K
Intangible assets, net of accumulated amortization	$119.0K	$158.2K
Right of use asset operating lease, net	$1.3K	$4.4K
Other assets		$28.5K
TOTAL ASSETS	$1.5M	$2.2M
Accounts payable and accrued expenses	$1.6M	$2.0M
Line of credit		$453.2K
Operating lease liability, current	$1.3K	$3.1K
Due to related party		$190.3K
TOTAL CURRENT LIABILITIES	$1.6M	$2.7M
Operating lease liability, net of current		$1.3K
TOTAL LIABILITIES	$1.6M	$2.7M
Series E redeemable convertible preferred stock, $1,000 par value per share, 14,722 shares authorized, 1,111 shares issued and outstanding as of December 31, 2025 and 2024, respectively; aggregate liquidation preference of $1.1 million as of December 31, 2025 and 2024, respectively.	$1.1M	$1.1M
Common Stock, $0.0001 par value per share, 750,000,000,000 shares authorized; 525,156,418,606 and 481,266,632,384 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	$52.5M	$48.1M
Additional paid-in capital	$28.3M	$25.3M
Accumulated deficit	-$82.1M	-$75.0M
TOTAL STOCKHOLDERS DEFICIT	-$1.2M	-$1.6M	$6.8M
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS DEFICIT	$1.5M	$2.2M
Series E convertible preferred stock, par value	$1,000.00	$1,000.00
Series E convertible preferred stock, authorized	14.7K shares	14.7K shares
Series E convertible preferred stock, issued	1.1K shares	1.1K shares
Series E convertible preferred stock, outstanding	1.1K shares	1.1K shares
Series E convertible preferred stock, aggregate liquidation preference	$1.1M	$1.1M
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	750.0B shares	750.0B shares
Common stock, shares issued	525.2B shares	481.3B shares
Common stock, shares outstanding	525.2B shares	481.3B shares

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalent	$1.1M	$1.2M
Accounts receivable, net	$199
Inventories	$36.1K	$40.5K
Prepaid expenses and vendor deposits	$62.9K	$161.6K
Restricted cash	$100.0K	$553.2K
TOTAL CURRENT ASSETS	$1.3M	$1.9M
Property, plant, and equipment, net of accumulated depreciation	$7.8K	$80.5K
Intangible assets, net of accumulated amortization	$119.0K	$158.2K
Right of use asset operating lease, net	$1.3K	$4.4K
Other assets		$28.5K
TOTAL ASSETS	$1.5M	$2.2M
Accounts payable and accrued expenses	$1.6M	$2.0M
Line of credit		$453.2K
Operating lease liability, current	$1.3K	$3.1K
Due to related party		$190.3K
TOTAL CURRENT LIABILITIES	$1.6M	$2.7M
Operating lease liability, net of current		$1.3K
TOTAL LIABILITIES	$1.6M	$2.7M
Series E redeemable convertible preferred stock, $1,000 par value per share, 14,722 shares authorized, 1,111 shares issued and outstanding as of December 31, 2025 and 2024, respectively; aggregate liquidation preference of $1.1 million as of December 31, 2025 and 2024, respectively.	$1.1M	$1.1M
Common Stock, $0.0001 par value per share, 750,000,000,000 shares authorized; 525,156,418,606 and 481,266,632,384 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	$52.5M	$48.1M
Additional paid-in capital	$28.3M	$25.3M
Accumulated deficit	-$82.1M	-$75.0M
TOTAL STOCKHOLDERS DEFICIT	-$1.2M	-$1.6M	$6.8M
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS DEFICIT	$1.5M	$2.2M
Series E convertible preferred stock, par value	$1,000.00	$1,000.00
Series E convertible preferred stock, authorized	14.7K shares	14.7K shares
Series E convertible preferred stock, issued	1.1K shares	1.1K shares
Series E convertible preferred stock, outstanding	1.1K shares	1.1K shares
Series E convertible preferred stock, aggregate liquidation preference	$1.1M	$1.1M
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	750.0B shares	750.0B shares
Common stock, shares issued	525.2B shares	481.3B shares
Common stock, shares outstanding	525.2B shares	481.3B shares

Cash from operations⁵⁶⁷⁸⁹⁴-$3.9M in 2025+10% since 2019

Capital spending⁵⁶⁷⁸⁹⁴$47.2K in 2024+44% since 2019

Free cash flow⁵⁶⁷⁸⁹⁴-$3.7M in 2024+4% since 2019

Every line of the cash flow as filed: the last 2 fiscal years, latest first.⁴

Period ending	2025-12-31	2024-12-31
Net loss from continuing operations	-$7.0M	-$8.1M
Depreciation and amortization	$47.8K	$65.3K
Loss on disposal of assets	$22.8K
Amortization of right-of-use asset	$3.1K	$94.0K
Loss on investment		$1.3K
Write-down of obsolete and slow-moving inventory	$17.3K	-$66.5K
Stock-based compensation expense	$3.4M	$4.6M
Accounts receivable	-$199
Inventories	-$13.0K	$92.7K
Prepaid expenses and vendor deposits	$98.7K	$1.3M
Due from related party	-$68.2K	$2.4M
Other current assets		$7.4K
Other assets	$69.8K	$125.8K
Accounts payable and accrued liabilities	-$433.6K	-$1.1M
Lease liability	-$3.1K	-$94.0K
Cash used in operating activities, discontinued operations		-$3.1M
NET CASH USED IN OPERATING ACTIVITIES	-$3.9M	-$3.7M
Purchases of property and equipment		-$47.2K
Cash used in investing activities, discontinued operations		-$4.9M
NET CASH USED IN INVESTING ACTIVITIES		-$4.9M
Due to related party	$3.8M	$2.3M
Net transfers to HCWC related to Spin-Off		-$4.1M
Payment on line of credit	-$453.2K
Cash provided by financing activities, discontinued operations		$6.5M
NET CASH PROVIDED BY FINANCING ACTIVITIES	$3.4M	$4.7M
NET DECREASE IN CASH AND RESTRICTED CASH	-$506.3K	-$3.9M
Cash paid for interest	$582	$16.4K
Issuance of common stock to settle debt with related party	$4.0M

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Leadership

Who has led Healthier Choices Management Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Norman M. Dean2007–2009

President

Chief financial officer

Chief operating officer

Christopher Santi2012–2023

2010201520202025

Chief executive officerJeffrey Elliot Holman Feb 7, 2017 to Aug 28, 2023¹²
Chief executive officerKevin Frija Feb 6, 2012 to Oct 31, 2013¹³
ChairNorman M. Dean Mar 1, 2007 to Jun 4, 2009¹⁴
PresidentChristopher Santi Feb 7, 2017 to Sep 8, 2023¹⁵
PresidentGregory Brauser Mar 16, 2015 to Mar 16, 2015¹⁶
PresidentJeffrey Elliot Holman Oct 31, 2013 to Oct 31, 2013¹⁷
PresidentJoseph J. Meuse May 19, 2009 to May 19, 2009¹⁸
Chief financial officerJohn Ollet Dec 27, 2016 to Apr 28, 2023¹⁹
Chief financial officerGina Hicks Sep 18, 2015 to Sep 18, 2015²⁰
Chief financial officerKevin Frija Feb 6, 2012 to Feb 6, 2012¹³
Chief financial officerHarlan I. Press Feb 29, 2012 to Oct 31, 2013²¹
Chief operating officerChristopher Santi Dec 17, 2012 to Sep 8, 2023²²

Board members and other officers (15)

OfficerJoseph J. Meuse Jun 10, 2009 to Jun 10, 2009²³
Board memberClifford J. Friedman Feb 7, 2017 to Mar 27, 2023²⁴
Board memberAnthony Panariello Feb 9, 2017 to Apr 21, 2023²⁵
Board memberGregory Brauser Mar 16, 2015 to Mar 16, 2015¹⁶
Board memberRobert Swayman Mar 16, 2015 to Mar 16, 2015²⁶
Board memberDaniel Maclachlan Apr 28, 2015 to Apr 28, 2015²⁷
Board memberWilliam C. Conway Jun 15, 2015 to Jun 15, 2015²⁸
Board memberNik Raman Jul 17, 2015 to Jul 17, 2015²⁹
Board memberAngela Courtin May 9, 2014 to May 9, 2014³⁰
Board memberFrank E. Jaumot May 9, 2014 to May 9, 2014³¹
Board memberKavanaugh Ryan May 9, 2014 to May 12, 2014³²
Board memberRobert J. Barrett Iii. May 9, 2014 to May 9, 2014³³
Board memberJeffrey Elliot Holman Oct 31, 2013 to Aug 28, 2023¹⁷
Board memberKevin Frija Feb 6, 2012 to Oct 31, 2013¹³
Board memberJoseph J. Meuse May 19, 2009 to Jun 10, 2009¹⁸

Former names

VAPOR CORP.Jan 7, 2010 to Mar 3, 2017²
MILLER DIVERSIFIED CORPDec 16, 1996 to Jan 5, 2010²

Timeline

Feb 7, 2017New chief executive Jeffrey Elliot Holman becomes CEO¹²
Feb 6, 2012New chief executive Kevin Frija becomes CEO¹³

Filings

132 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 32 major events, 66 insider forms, 6 large holders, 8 other. The latest 20:

Aug 19, 202610-Q EDGAR
Aug 17, 2026NT 10-Q EDGAR
May 14, 202610-Q EDGAR
Apr 3, 20268-K/A EDGAR
Apr 3, 20268-K EDGAR
Mar 27, 202610-K EDGAR
Nov 6, 202510-Q EDGAR
Nov 6, 20258-K/A EDGAR
Aug 13, 202510-Q EDGAR
May 13, 202510-Q EDGAR
Apr 24, 20258-K/A EDGAR
Apr 14, 202510-K EDGAR
Apr 1, 2025NT 10-K EDGAR
Feb 19, 2025SCHEDULE 13D/A EDGAR
Feb 19, 2025SCHEDULE 13D/A EDGAR
Jan 27, 20258-K EDGAR
Dec 5, 20248-K/A EDGAR
Nov 29, 20248-K EDGAR
Nov 14, 202410-Q EDGAR
Sep 19, 20248-K EDGAR

The 132 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Christopher SantiSCHEDULE 13D/A, 3 filings Feb 15, 2022 to Feb 19, 2025³⁴
Jeffrey Elliot HolmanSCHEDULE 13D/A, 3 filings Feb 15, 2022 to Feb 19, 2025³⁵

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
CHICAGO TRUST Co NA	1,010,000	$50	0.0%	No change
Vermillion Wealth Management, Inc.	500,000	$25	0.0%	New
Proathlete Wealth Management LLC	50,000	$2	0.0%	No change
MassMutual Private Wealth & Trust, FSB	12,000	$1	0.0%	No change
Hantz Financial Services, Inc.	1,111,111	$0	0.0%	New
RMG Wealth Management LLC	464,000	$0	0.0%	New
Wealth Group Ltd	170,000	$0	0.0%	No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARHealthier Choices Management Corp. filings on SEC EDGAR
2
SEC EDGARHealthier Choices Management Corp. filings on SEC EDGAR
3
SEC EDGARHealthier Choices Management Corp. annual report, Item 1 (Business)
4
SEC EDGARHealthier Choices Management Corp. 10-K for fiscal 2025
5
SEC EDGARHealthier Choices Management Corp. 10-K for fiscal 2019
6
SEC EDGARHealthier Choices Management Corp. 10-K for fiscal 2020
7
SEC EDGARHealthier Choices Management Corp. 10-K for fiscal 2021
8
SEC EDGARHealthier Choices Management Corp. 10-K for fiscal 2022
9
SEC EDGARHealthier Choices Management Corp. 10-K for fiscal 2023
10
SEC EDGARHealthier Choices Management Corp. 10-Q for fiscal 2026
11
SEC EDGARHealthier Choices Management Corp. 10-Q for fiscal 2026
12
SEC EDGARJeffrey Elliot Holman, Chief executive officer
13
SEC EDGARKevin Frija, Chief executive officer
14
SEC EDGARNorman M. Dean, Chair
15
SEC EDGARChristopher Santi, President
16
SEC EDGARGregory Brauser, President
17
SEC EDGARJeffrey Elliot Holman, President
18
SEC EDGARJoseph J. Meuse, President
19
SEC EDGARJohn Ollet, Chief financial officer
20
SEC EDGARGina Hicks, Chief financial officer
21
SEC EDGARHarlan I. Press, Chief financial officer
22
SEC EDGARChristopher Santi, Chief operating officer
23
SEC EDGARJoseph J. Meuse, Officer
24
SEC EDGARClifford J. Friedman, Board member
25
SEC EDGARAnthony Panariello, Board member
26
SEC EDGARRobert Swayman, Board member
27
SEC EDGARDaniel Maclachlan, Board member
28
SEC EDGARWilliam C. Conway, Board member
29
SEC EDGARNik Raman, Board member
30
SEC EDGARAngela Courtin, Board member
31
SEC EDGARFrank E. Jaumot, Board member
32
SEC EDGARKavanaugh Ryan, Board member
33
SEC EDGARRobert J. Barrett Iii., Board member
34
SEC EDGARChristopher Santi SCHEDULE 13D/A on Healthier Choices Management Corp.
35
SEC EDGARJeffrey Elliot Holman SCHEDULE 13D/A on Healthier Choices Management Corp.