US-based Healthy Choice Wellness Corp. (HCWC) is set to pivot to data centers following a reverse merger.
The holding company is behind a number of wellness retailers and centers, including Ellwood Thompson's and GreenAcres Market, but has signed up for a reverse merger with data center firm Host Digital Infrastructure.
An Ellwood Thompson's store – Ellwood Thompson's
As reported by the Richmonder, the move is hoped to ease issues that have led to "substantial doubt about the company's ability to continue as a going concern."
A recent 10Q SEC filing notes that the company had, as of June 30, 2026, the company had cash and cash equivalents of $900,000 and negative working capital of $6.6 million, and for the prior six months had incurred net losses of $6.7m. Thus, the company has "substantial doubt" that it would be able to continue as a going concern.
