Deal making always makes a big splash in the news and brings focus on companies, which is why The Healing Company (OTCMKTS:HLCO) could be one to look into this morning.
Trading Data
On Tuesday, HLCO stock rose 9.09% to $6 with more than 198 shares, compared to its average volume of 8 shares. The stock moved within a range of $6.00 – 6.00 after opening trade at $6.00.
The Healing Company [OTC: HLCO] acquires Chopra Global’s wellbeing experiences businesses, deepening partnership with wellness icon, Dr. Deepak Chopra
On Tuesday it emerged that The Healing Company had completed the acquisition of the wellbeing experiences business of Chopra Global, which belongs to Dr. Deepak Chopra, MD. In a joint statement, the company and Dr. Chopra both noted that they were thrilled at the deal and it could prove to be a landmark deal for both companies. The acquisition is inclusive of the tangible product lines from Chopra, in addition to the wellbeing and meditation app, and licensed experiences.
Some of the experiences are going to include the Chopra Mind-Body Zone and Spa at the Lake Nona Performance Club and The Chopra Health Retreat at CIVANA Wellness Resort & Spa. In addition to that, The Healing Company also went into another agreement with regards to a perpetual license for the inclusion of all Chopra community, brand and content. The Healing Company had been established back in 2022 and is looking to create a community of healing brands through the acquisition of entities involved in nutraceutical, wellness and supplement industries.
