Healthier Choices Management Corp (OTCMKTS:HCMC), a holding company focusing on giving consumers better nutrition and lifestyle alternatives, on July 23, 2021 announced that the District Court for Northern District of Georgia permitted Philip Morris USA as well as Philip Morris Products S.A.’s motion on dismissing the company’s patent infringement against Philip Morris.
The firm HCMC has two weeks for filing motion for leave to file an amended complaint, which the company said will get done by the deadline.
HCMC, which operates eight retail vape stores in United States Southeast region, provides vaporizers, e-liquids as well as related products.
The firm operations include natural and organic store, Ada’s Natural Market as well as Paradise Health and Nutrition, providing fresh produce, vitamins and supplements, bulk foods,meat, packaged groceries, dairy products, baked goods, frozen foods amongst others.
HCMC is also involved in sale of supplements and vitamins on a portal while its patented technology Q-Cup under the vape segment, which a person can buy filled by a third party in some regions or even fill with cannabis.
The Q-Cup can be inserted into patented Q-Unit resulting in heating the cup from outside. The two technologies give higher efficiency and a solution for consumers preferring to vape concentrates recreationally or medicinally.
Market Reaction:
As of 12:13, HCMC stock slumped 23% at $0.0007 with more than 481.19 million shares, compared to its average volume of 290.60 million shares. The stock has moved within a range of $0.0004 – 0.0007 after opening the trade at $0.0006. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0065.
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