Healthier Choices Management Corp (OTCMKTS:HCMC) dropped 20% after announcing the signing of its first license agreement for the Healthy Choices Wellness Centre divisions. The latest IV hydration facility will be located within the Casbah Spa & Salon in Fort Lauderdale, Florida, a complete salon and spa with a 23-year history.
Trading Data
On Monday, HCMC stock moved down 20% to $0.0002 with more than 572.49 million shares, compared to its average volume of 506.01 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0002.
HCMC Announces Its First Healthy Choice Wellness Center Licensing Agreement
Casbah presently offers a variety of body treatments such as scrubs, mud soaks, exfoliation, seaweed wraps, facials, massages, skincare, hair and nail, and many health and beauty services. Like the New York-based centre, the new Healthy Choice Wellness Center will provide 8 distinct IV drip “cocktails” for customers to pick from.
The cocktails are made to help enhance immunity, combat stress and fatigue, minimize inflammation, aid weight reduction, and offer anti-oxidants and anti-aging ingredients effectively. There are also other cocktails for beauty, rehydration, and health. HCMC CEO Jeff Holman said that they are convinced that the addition of this center will be a suitable fit for the company. So, in the coming weeks, investors should watch HCMC.
Key Quote
Jeff Holman, CEO of HCMC, had this to say, “We are thrilled to be working with an establishment like Casbah, a staple in the community for over 23 years with an impeccable reputation for high quality wellness and beauty services. After lengthy strategic discussions with the ownership and management at Casbah, we are convinced that the addition of a Healthy Choice Wellness Center will be a perfect fit, and the services provided will be enthusiastically embraced by their existing client base.”
Technical Data
HCMC stock is trading below the 50-Day and 200-Day Moving averages of $0.0002 and $0.0003 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0008.
