According to an 8K filed with the SEC, Sabby Healthcare Master Fund and Sabby Volatility Warrant Master Fund served as lenders on $2.5 million in debt financing to Healthier Choices Management, which will use the proceeds to fund its recent PPE initiative.
“Keeping in line with providing healthier choices, the company yesterday secured funding which will allow it to expand its initiative to provide on the ground PPE product with a focus on customers needing smaller lots and having more price sensitivity,” Jeff Holman, CEO of Healthier Choices Management, said. “We identified a niche market that needs servicing and we intend to take an ‘old school’ approach of building a consistent book of business for this initiative. The industry has been inundated with ‘spot sales,’ often attempting to sell product that does not exist. We intend to eliminate this issue by having inventory in our warehouse, ready to ship.
“All types of businesses now need these products. Smaller health facilities need these products. Smaller businesses like restaurant chains and service industries need these products, and they cannot buy 1,000,000 boxes of gloves or 1,000,000 masks as is typically required. We have had numerous requests to fill these smaller orders and intend to cater to this niche and help as many of these types of customers as we can.”
Healthier Choices Management is a holding company that currently operates nine retail vape stores in the Southeast region of the United States. The company also operates Ada’s Natural Market and Paradise Health and Nutrition.
