Business
The Healing Company Uplists to the OTCQB Venture Market and Secures New Strategic Investors
The Healing Company Uplists to the OTCQB Venture Market and Secures New Strategic Investors.
About this update from The Healing Company Inc.
[{"type":"text","content":"\n Uplists from the OTC Pink Market to the OTCQB Venture Market; continues trading under ticker HLCOSecures up to $7M in new funding from strategic partners including billion-dollar investment office of the Burman family (New Delhi) and the Goetz Family Office (Munich)Including previously announced financing, brings total raised and committed equity funding  to up to $17M, alongside the $150M credit facility supporting future acquisitions NEW YORK, July 06, 2023 (GLOBE NEWSWIRE) -- The Healing Company (OTCQB: HLCO) (“The Healing Company” or the “Company”), today announced that it has successfully uplisted from the OTC Pink Market to the OTCQB Venture Market (“OTCQB”) and will continue trading under the symbol “HLCO”. Additionally, The Healing Company announced it had secured up to $7 million in new investment from strategic partners including the investment office of the Burman family, majority shareholders of one of the largest Indian consumer packaged goods (CPG) companies and the largest Ayurvedic company worldwide with a $12 billion market capitalization, as well as the esteemed German family office of Stephan and Ingvild Goetz (Munich). Including previously announced financing, this brings total raised and committed equity funding to up to $17 million, alongside the $150 million credit facility supporting future acquisitions. The investment is intended to support the Company’s strategy of building a community of powerful healing brands through the acquisition of companies in the wellness, supplement, and nutraceutical spaces. Trading on the OTCQB Venture Market provides The Healing Company’s current and future investors with greater access to data, home country disclosure, ease of trading, and transparency. With the new funding and successful uplisting, The Healing Company is aiming for a NASDAQ listing within the next 12 months.  “The announcement of the uplisting, alongside the funding from long-term strategic investors experienced in the wellness, supplement, and nutraceutical sectors, is further validation of our business model and will support an acceleration of our accretive buy-and-build strategy. Moreover, we are confident the uplist will allow us to reach a broader investor base, and is an important stepping stone towards our goal of listin...