HCMC Acquires Greenacres Market

On July 26^th, Healthier Choices Management Corp. (HCMC) announced the acquisition of GreenAcres Market, a chain specializing in organic and natural health foods and vitamins, with five locations in Kansas and Oklahoma. GreenAcres Market offers a wide range of organic produce, natural groceries, dietary supplements, and freshly prepared foods, featuring products from both top national brands and locally sourced specialty brands. For the past 30 years, Green Acres Market stores have been owned and operated out of Wichita, Kansas, with stores in Wichita, Kansas City, OKC & Lawton. Food Partners served as strategic and financial advisor to GreenAcres in the transaction.

The acquisition represents HCMC’s expansion into the Midwestern U.S. market. HCMC is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. The company owns multiple subsidiaries that operate wellness centers, intellectual property, and a variety of smaller health food stores along the East coast including Ada’s Natural Market, three Paradise Health & Nutrition stores, Greens Natural Foods’ eight stores in New York and New Jersey, Mother Earth’s Storehouse in New York’s Hudson Valley, and Ellwood Thompson’ in Richmond, Virgina.

HCMC’s CEO, Jeffrey Holman, highlighted the company’s ongoing growth in the grocery segment, stating, “We see this move as another strategic step towards achieving HCMC’s growth goals. Based on their past success, we anticipate the GreenAcres acquisition will propel annual top-line revenue to roughly $75 million.” Holman expressed confidence in GreenAcres Market’s ability to strengthen HCMC’s financial position and market share. He said, “This acquisition aligns perfectly with HCMC’s commitment to sustainable growth in the organic supermarket industry and its long-term strategic objectives.”