Achieves revenue of
Completes acquisition of the Chopra Global wellbeing experiences businesses
“We are successfully executing our buy and build strategy. For instance, Your Super, our first acquisition, demonstrated profitable growth with a second consecutive quarter of positive adjusted EBITDA, further validating our business model. Building on this success, we completed the acquisition of the Chopra Global wellbeing experiences business, which includes Chopra’s physical product line, the Chopra meditation & wellbeing app, as well as licensed experiences including The Chopra Health Retreat at
“In addition to our acquisition strategy, we are also focused on organic growth and achieved a number of key operational milestones this quarter. We are gaining strong brand momentum with Your Super, which has been featured in top media outlets and on more than 30 podcasts. Engagement through social media was up 55% to 1.4 million on the back of a robust influencer outreach strategy. We also celebrated the launch of the Your Super Life cookbook with a well-attended event in NYC, including a panel discussion with leading industry voices Dr.
“Since the Chopra Global acquisition, we have witnessed a solid start to our first Chopra-branded product, the Chopra Renew & Restore Detox Kit, achieving our highest month of sales in March. Moreover, our reach and engagement metrics were up across all channels. We believe this loyal and growing user base, as well as our growing social medial presence, will enable us to cost-effectively introduce new products in order to rapidly scale the business. Overall, we could not be more excited by the outlook for the business and look forward to providing further updates on our progress in the weeks and months ahead,” concluded
The Company’s complete financial results are available in its Quarterly Report on Form 10-Q, which has been filed with the
About The
The
The Healing Company’s investors and advisors include global wellbeing icon Dr.
Forward-looking statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financial requirements, business strategy, products and services, potential future financings, acquisition and scaling of future brands and or project and its anticipated financing plans, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company' s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements; foreign exchange and other financial markets; changes in the interest rates on borrowings; hedging activities; changes costs of goods; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which The
Investor Relations:
Tel: (212) 671-1020
Email: hlco@crescendo-ir.com
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