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olivLaw · US equity research

Host Digital Inc. HOST

Retail-Grocery Stores · SIC 5411 · Vertical: Retail-Grocery Stores (SIC 5411)

2.85USD−1.04% · 1 dayClose 30 Oct 2026

Host Digital Inc. (formerly Healthy Choice Wellness Corp.) runs a chain of natural and organic grocery stores in the US, with sales of about 78.2 million USD in 2025. The company is redirecting toward developing a data center campus in Oklahoma, backed by a 15-year lease disclosed in August 2026.

At the close of 30 Oct 2026, Host Digital Inc. (HOST) stock was 2.85 USD (−1.04% on the day), with market capitalisation 92.5 m USD, beta 0.59, 52-week range 1.90–21.88 USD. Latest reported quarter (Q2 2026): revenue of 16.6 m USD (−17.8% YoY), net income of -3.1 m USD, diluted EPS -0.11 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
92.5 m USD
shares as of 14 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.43 · TTM to 30 Jun 2026
E/P (TTM)
-14.91%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.59
Volatility (1y) 139%
52-week range
1.9021.88

Price history

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Technical reading

RSI (14)
38.8
weak (30–45)
Bollinger (20, 2)
2.03 – 3.61
in the upper half of the band · %B 0.52 · band width 56.2%
SMA 50 / 200
6.05 / 8.33
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.87 / -1.11
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−40.0%−0.9%−39.1 pp—
3 months−54.5%+1.2%−55.7 pp—
6 months−69.6%+4.8%−74.5 pp—
Year to date−67.6%+10.7%−78.3 pp—
1 year−87.1%+11.1%−98.2 pp−0.0%
3 yearsunavailable+80.7%unavailable+14.3%
5 yearsunavailable+64.6%unavailable—
Max drawdown (1y)
−91.3%
25 Nov 2025 → 16 Oct 2026
Max drawdown (5y)
−99.0%
16 Sept 2024 → 16 Oct 2026
Compound annual growth (5y)
unavailable
S&P 500 +10.5%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
16.6 m USD
−17.8% YoY
Net income
-3.1 m USD
unavailable YoY
Diluted EPS
-0.11
unavailable YoY
net / operating
-18.5% / -15.9%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue18.2 m19.7 m20.3 m20.2 m19.0 m18.7 m18.2 m16.6 m
Cost of revenue11.2 m11.5 m12.4 m12.1 m11.6 m11.4 m11.3 m10.2 m
Gross profit7.0 m8.1 m7.9 m8.1 m7.4 m7.3 m6.9 m6.4 m
SG&A7.6 m8.4 m8.3 m—8.0 m8.7 m8.5 m—
Operating income-372.4 k-321.8 k-409.7 k-39.0 k-609.4 k-1.4 m-1.6 m-2.6 m
Depreciation & amortisation423.2 k428.3 k429.9 k434.7 k432.0 k407.5 k380.1 k375.2 k
Interest expense396.7 k230.9 k297.7 k269.0 k241.3 k204.9 k192.6 k150.6 k
Pre-tax income-2.7 m-550.8 k-712.4 k-339.4 k-1.2 m-1.7 m-3.7 m-3.1 m
Net income-2.7 m-550.8 k-712.4 k-339.4 k-1.2 m-1.7 m-3.7 m-3.1 m
Diluted EPS-0.29-0.06 ≈-0.07-0.03-0.09-0.06 ≈-0.17-0.11
Operating cash flow-963.0 k ≈899.5 k1.1 m1.1 m ≈-308.7 k ≈-855.1 k-199.6 k-1.0 m ≈
Capex28.7 k ≈106.1 k127.4 k78.5 k ≈42.7 k ≈72.1 k71.4 k148.8 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202320242025
Revenue55.7 m69.4 m78.2 m
Revenue YoYunavailable+24.6%+12.7%
Net income-9.9 m-4.5 m-3.9 m
Net income YoYunavailableunavailableunavailable
Diluted EPS-1.08-0.48-0.24
Diluted EPS YoYunavailableunavailableunavailable
net %-17.8%-6.5%-5.0%
Free cash flow-2.7 m-3.3 m675.4 k

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
3.0 m USD
Financial debt
6.2 m USD
Net debt
3.2 m USD
Equity
7.3 m USD
Total assets
33.5 m USD
Debt / equity
0.85x
Current ratio
0.79x
ROE
-81.3%
ROA
-11.6%
FCF margin
0.9%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
55.7 m
2024
69.4 m
2025
78.2 m

SEC (XBRL)· 16 Mar 2026verified

Cost of revenue
2023
35.3 m
2024
42.3 m
2025
47.5 m

SEC (XBRL)· 16 Mar 2026verified

Gross profit
2023
20.3 m
2024
27.1 m
2025
30.7 m

SEC (XBRL)· 16 Mar 2026verified

SG&A
2023
24.8 m
2024
29.0 m
2025
33.1 m

SEC (XBRL)· 16 Mar 2026verified

Operating income
2023
-10.5 m
2024
-1.8 m
2025
-2.5 m

SEC (XBRL)· 16 Mar 2026verified

Depreciation & amortisation
2023
1.4 m
2024
1.6 m
2025
1.7 m

SEC (XBRL)· 16 Mar 2026verified

EBITDA
2023
-9.1 m ≈
2024
-201.0 k ≈
2025
-779.9 k ≈

SEC (XBRL)· 16 Mar 2026derived

Interest expense
2023
199.7 k
2024
848.7 k
2025
1.0 m

SEC (XBRL)· 16 Mar 2026verified

Pre-tax income
2023
-9.9 m
2024
-4.5 m
2025
-3.9 m

SEC (XBRL)· 16 Mar 2026verified

Net income
2023
-9.9 m
2024
-4.5 m
2025
-3.9 m

SEC (XBRL)· 16 Mar 2026verified

Diluted EPS
2023
-1.08
2024
-0.48
2025
-0.24

SEC (XBRL)· 16 Mar 2026verified

Weighted average diluted shares
2023
9.2 m
2024
9.4 m
2025
16.6 m

SEC (XBRL)· 16 Mar 2026verified

Balance sheet · USD

Cash
2023
1.4 m
2024
2.1 m
2025
3.0 m

SEC (XBRL)· 16 Mar 2026verified

Receivables
2023
128.2 k
2024
509.8 k
2025
363.9 k

SEC (XBRL)· 16 Mar 2026verified

Inventories
2023
4.2 m
2024
6.4 m
2025
6.0 m

SEC (XBRL)· 16 Mar 2026verified

Current assets
2023
5.9 m
2024
9.7 m
2025
10.0 m

SEC (XBRL)· 16 Mar 2026verified

Property, plant & equipment, net
2023
2.7 m
2024
2.0 m
2025
1.8 m

SEC (XBRL)· 16 Mar 2026verified

Goodwill
2023
—
2024
2.2 m
2025
2.2 m

SEC (XBRL)· 16 Mar 2026verified

Intangibles (excl. goodwill)
2023
4.2 m
2024
5.4 m
2025
4.3 m

SEC (XBRL)· 16 Mar 2026verified

Total assets
2023
28.4 m
2024
34.1 m
2025
33.5 m

SEC (XBRL)· 16 Mar 2026verified

Accounts payable
2023
4.9 m
2024
6.1 m
2025
8.1 m

SEC (XBRL)· 16 Mar 2026verified

Short-term debt
2023
702.7 k
2024
2.2 m
2025
—

SEC (XBRL)· 28 Mar 2025verified

Long-term debt
2023
2.4 m
2024
9.2 m
2025
6.2 m

SEC (XBRL)· 16 Mar 2026verified

Current liabilities
2023
8.6 m
2024
11.9 m
2025
12.7 m

SEC (XBRL)· 16 Mar 2026verified

Total liabilities
2023
19.4 m
2024
31.7 m
2025
26.2 m

SEC (XBRL)· 16 Mar 2026verified

Equity
2023
9.0 m †
2024
2.4 m †
2025
7.3 m †

SEC (XBRL)· 16 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-2.5 m
2024
-3.1 m
2025
996.1 k

SEC (XBRL)· 16 Mar 2026verified

Capex
2023
179.6 k
2024
251.8 k
2025
320.6 k

SEC (XBRL)· 16 Mar 2026verified

Free cash flow
2023
-2.7 m ≈
2024
-3.3 m ≈
2025
675.4 k ≈

SEC (XBRL)· 16 Mar 2026derived

Investing cash flow
2023
-929.6 k
2024
-5.0 m
2025
-4.1 m

SEC (XBRL)· 16 Mar 2026verified

Financing cash flow
2023
2.9 m
2024
8.7 m
2025
4.1 m

SEC (XBRL)· 16 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
12.7%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
38.6%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-6.5%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-8.7%
computed by olivLawTTM to 30 Jun 2026
Net margin
-13.3%
computed by olivLawTTM to 30 Jun 2026
FCF margin
-3.7%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-207.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-30.0%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
-61.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROCE
-44.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
2.7 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
unavailable
insufficient data
Debt / equity
1.0x
computed by olivLawbalance sheet at 30 Jun 2026
Interest coverage
-8.0x
computed by olivLawTTM to 30 Jun 2026

Liquidity

Current ratio
0.5x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
0.2x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-2.4 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
335.0 k USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
-2.7 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
2 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days inventory outstanding
44 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
72 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Cash conversion cycle
-25 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

Market and valuation

Market capitalisation
92.5 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
95.2 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-14.9%
computed by olivLawTTM to 30 Jun 2026
P/B
26.4x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
1.3x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
insufficient data
EV/EBIT
unavailable
insufficient data
EV/Sales
1.3x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-2.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 35.4% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

2.85 USD

30 Oct 2026Source: olivLaw, closing series

Market cap: 92.5 m USD

Key indicators

Market capitalisation
92.5 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
26.4x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
insufficient data
ROE
-207.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-13.3%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
12.7%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 14 Aug 2026
Source: SEC (XBRL)published 18 Aug 2026
verified 404derived 38

Score by group

35% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the base of the ratio is not positive
  • Peers: EV/EBITDAunavailable · the base of the ratio is not positive
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Multiple comparisons use the SIC vertical: Retail-Grocery Stores (SIC 5411)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Quality-61.9%0 (vs peers)29%
Net margin · Quality-13.3%0 (vs peers)18%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-8.0x0 (on a fixed band)18%
Current ratio · Balance sheet0.5x0 (on a fixed band)12%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation-2.9%0 (on a fixed band)24%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet0/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality0/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial0/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Host Digital Inc. (HOST). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 78.2 m USD in 2025; YoY growth 12.7%; net margin -13.3%; ROE -207.8%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

What contradicts it

  • ROIC: -61.9%
  • Net margin: -13.3%
  • Interest coverage: -8.0x
  • Current ratio: 0.5x
  • FCF yield: -2.9%

Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Retail-Grocery Stores (SIC 5411) · same industry (4-digit SIC) · compared with 10 companies

Multiples and returns vs the median

P/E
—
vertical median 13.9x
EV/EBITDA
—
vertical median 4.8x
P/S
1.3x
vertical median 0.3x
above median (+371.7%)
P/B
26.4x
vertical median 2.5x
above median (+943.3%)
ROE
-207.8%
vertical median 7.4%
below median (−2,921.3%)
Net margin
-13.3%
vertical median 1.9%
below median (−790.9%)
EBIT margin
-8.7%
vertical median 2.5%
below median (−447.4%)
Revenue YoY
12.7%
vertical median 3.7%
above median (+247.6%)
Net debt/EBITDA
—
vertical median 0.2x
Dividend yield
—
vertical median 1.9%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
KRKroger Co39.4 bn36.414.3%0.7%+0.4%+5% / +47%
ACIAlbertsons Companies, Inc.6.2 bn—-2.3%-0.1%+3.5%−26% / −40%
SFMSprouts Farmers Market, Inc.4.6 bn9.533.5%5.4%+14.1%−37% / +18%
WMKWeis Markets, Inc1.8 bn18.57.4%2.0%+3.5%+17% / +14%
GOGrocery Outlet Holding Corp.1.3 bn—-38.1%-8.0%unavailable−5% / −53%
NGVCNatural Grocers by Vitamin Cottage, Inc.661.2 m13.921.6%3.5%+7.2%−11% / +128%
VLGEAVillage Super Market, Inc.179.8 m3.410.3%2.2%+3.7%+36% / +75%
HOSTHost Digital Inc.92.5 m—-207.8%-13.3%+12.7%−87% / unavailable
MSSMaison Solutions Inc.17.7 m———+4.8%−97% / −100%
TBBBBbb Foods Inc——-69.6%-3.6%+36.1%+107% / unavailable
IMKTAIngles Markets, Incorporated——6.3%1.9%−5.4%+22% / +5%

1- and 3-year price returns: for HOST from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    Host Digital Inc. (formerly Healthy Choice Wellness Corp.) runs a chain of natural and organic grocery stores in the US, with sales of about 78.2 million USD in 2025 1. The company is redirecting toward developing a data center campus in Oklahoma, backed by a 15-year lease disclosed in August 2026 3.

    SWOT

    Strengths

    • The store network has local brands with decades of history in their communities, and the strictly controlled product range supports its image 1.
    • The company generated positive operating cash flow in 2025 after losses in the prior year 1.
    • A 15-year lease with a large cloud tenant could support access to project financing for the new segment 3.

    Weaknesses

    • The company reports repeated net losses and negative working capital, which limits financial flexibility 12.
    • Cash on hand fell significantly in 2026, raising questions about funding current operations 2.
    • The data center segment has no revenue yet and depends on an acquisition and construction that are not completed 3.

    Opportunities

    • If the Oklahoma project is completed, it could bring first recurring revenue from leasing capacity to a large tenant 3.
    • Expanding the store network through acquisitions, a stated strategy, could grow the customer base 1.
    • Developing new revenue lines, such as in-house bakery commissaries for restaurants, could attract additional traffic 1.

    Threats

    • Inflation pressure on food spending and the high price of organic products can reduce store sales volumes 2.
    • If project financing does not close on the expected terms, development of the data center could be delayed or abandoned 3.
    • Competition from supermarkets and national chains can keep prices under pressure 1.

    Risks

    • Going concernhigh

      Auditors and management have expressed substantial doubt about the company’s ability to continue as a going concern, and its plans depend on raising capital 23.

    • Project financinghigh

      Closing financing for the acquisition and construction of the Oklahoma facility is not assured and depends on capital market conditions 3.

    • Decline in same-store salesmedium

      Same-store sales fell in the second half of 2026, showing real pressure on business volume 2.

    • Dependence on large suppliersmedium

      Purchases are concentrated with a few distributors, and losing one supplier could disrupt store supply 1.

    • Execution risk for the data centermedium

      Construction, equipment supply chains and power delivery could delay the facility’s entry into operation 3.

    Investment thesis

    What would need to be true (bull case)

    • If the new data center segment reaches operation, the long-term lease could make the company’s profile one with more predictable revenue.
    • A store network with loyal customers could return to growth if pressure on food prices eases.
    • Positive operating cash flow last year shows the core business can, under some conditions, sustain itself.

    What would break the thesis

    • Same-store sales are falling, and the high price of organic products could keep pushing customers away.
    • Negative working capital and low cash leave the company vulnerable if financing is not obtained in time.
    • The data center segment has no revenue yet and depends on unfinished transactions and construction, which makes results hard to estimate.

    What to watch

    • Closing of project financing for the Oklahoma facility2027
    • Start of rent payments by the cloud tenantQ1 2027
    • Trend in same-store sales and gross marginnext 10-Q
    • Progress on resolving the going concern uncertainty in the next annual reportnext 10-K

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    The company is a holding company that operates, through subsidiaries, 19 natural and organic grocery stores across Florida, New York, New Jersey, Virginia, Kansas and Oklahoma, under brands such as Ada’s Natural Market, Green’s Natural Foods and GreenAcres Market 1. Its offer includes organic groceries, dietary supplements, body care and about 10000 SKUs 1. Since September 2024 it has been independently listed after its spin-off from Healthier Choices Management Corp. 1.

    Segments

    Natural and organic grocery stores

    The core segment sells organic food, fresh produce, supplements and personal care through its 19 stores, and sales rose in 2025 mainly because of the GreenAcres Market acquisition in July 2024 1.

    Online supplement sales

    The subsidiary Healthy U Wholesale sells supplements and care products through TheVitaminStore.com, operated by The Vitamin Store, LLC 2.

    Data centers (Host Digital Infrastructure LLC)

    The new segment, still without operating revenue, targets a data center campus in Oklahoma with more than 45 MW of contracted capacity, and the lease could bring about 1.25 billion USD of base contracted rent 3.

    Market context

    The company operates in the natural and organic products market, part of the US grocery industry, where growth has been driven by consumer interest in high-quality nutrition 1. In the second quarter of 2026, the high price of organic products led many customers to buy less or switch to conventional alternatives, cutting same-store sales 2.

    Trends

    • Food price pressureheadwind

      Persistent inflation and higher food-at-home prices have reduced customers’ purchasing power, who buy fewer items or choose cheaper products, which could keep weighing on sales 2.

    • Demand for natural and organic foodtailwind

      Greater focus on nutrition, aging populations and a desire to avoid pesticide residues support long-term demand across the industry 1.

    • Demand for AI computing capacitymixed

      Demand for data centers for high-performance computing and artificial intelligence gives the company a new growth direction, but it has no revenue yet in 2026 3.

    • Access to capitalmixed

      Project financing for Oklahoma, supported by the lease, could reduce reliance on sponsor funding, but pricing and timing depend on capital markets 3.

    Competitive position

    The company competes with conventional supermarkets, national superstores, alternative food retailers, natural food stores, farmers’ markets and restaurants 1. Competitive pressure and falling prices across the industry affect margins and volumes 2.

    • Whole Foods Market

      A natural foods grocery chain operating in the same consumer category; no data from the analysed sources.

    • Local and national conventional supermarkets

      Competitors named in the Form 10-K that also sell natural products, often at lower prices.

    • Farmers’ markets and specialty stores

      Local alternatives named in the company’s filings that can attract customers in the same areas.

    • AI data center operators

      For the new segment, competition comes from developers of data center campuses also seeking power capacity and tenants.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    SEC filings

    • Current report20 Oct 2026
      Regulation FD disclosure · Other events · Financial statements and exhibits
    • Current report19 Oct 2026
      Regulation FD disclosure · Financial statements and exhibits
    • Current report07 Oct 2026
      Material agreement · Departure or appointment of officers · Financial statements and exhibits
    • Current report29 Sept 2026
      Regulation FD disclosure · Financial statements and exhibits
    • Financial statements and exhibits
    • Current report21 Sept 2026
      Material agreement · Regulation FD disclosure · Financial statements and exhibits
    • Current report17 Sept 2026
      Material agreement · Acquisition or disposition of assets · Results of operations · Item 3.02 · Item 3.03 · Item 4.01 · Item 5.01 · Departure or appointment of officers · Amendments to articles or bylaws · Financial statements and exhibits
    • Current report31 Aug 2026
      Item 3.03 · Amendments to articles or bylaws · Financial statements and exhibits
    • Current report27 Aug 2026
      Shareholder vote · Other events · Financial statements and exhibits
    • Current report27 Aug 2026
      Other events · Financial statements and exhibits

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Host Digital Inc. · 16 Mar 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Host Digital Inc. · 14 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Host Digital Inc. · 17 Sept 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.