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Farmhouse Inc. (OTCQB: FMHS) has announced a definitive agreement to acquire Thrown, , the company behind Nappy Boy Dranks, a functional beverage brand founded by Grammy Award-winning artist T-Pain. The acquisition combines Farmhouse's market expertise with T-Pain's multicultural influence across gaming, entertainment, and music industries.
Key points of the agreement include:
- Farmhouse will acquire all membership interests of Thrown in exchange for approximately 25% of Farmhouse's total issued shares post-closing.
- Thrown's management team will continue operating under Farmhouse's ownership.
- Farmhouse must secure up to $10 million in financing, with 80% allocated to Thrown for working capital.
The partnership aims to capitalize on the growing global energy drink market, projected to exceed $86 billion by 2026, with Nappy Boy Dranks' first product being a 2-ounce energy shot.
Farmhouse Inc. (OTCQB: FMHS) announced the launch of the "Mega Robot" cannabis brand in collaboration with Bronx Extracts. This brand is part of Farmhouse's strategy to expand into the web3 space by partnering with NFT holders, specifically the Mutant Ape Yacht Club (MAYC) #30000. The Mega Robot products are available in California through various retail and delivery outlets, including Lakeside Remedy and Green Goddess. CEO Evan Horowitz highlighted the potential for authentic engagement with consumers in the cannabis and NFT sectors. The initiative aims to connect over 100,000 Twitter followers and 5,000 cannabis professionals with innovative branding opportunities.
Farmhouse (OTCQB: FMHS) announced the sale of its Downtown Los Angeles Cannabis retail dispensary, which is part of a 35,000 sq. ft. campus near the Arts District and USC. The dispensary comes with four licenses for retail, cultivation, distribution, and manufacturing opportunities. Currently managed by a court-appointed receiver, the sale is subject to court approval. CEO Evan Horowitz stated the dispensary has a history of competitive revenue. Farmhouse also operates the WeedClub Platform and launched an NFT division in December 2021.
Farmhouse Inc. (OTCQB: FMHS) announced a licensing agreement for Mutant Ape Yacht Club (MAYC) #30000, "Mega Robot," marking its entry into the cannabis industry's web3 space. This expansion leverages the Company’s growing NFT portfolio, which includes prominent collections like Bored Ape Yacht Club and CryptoPunks. CEO Evan Horowitz highlighted this deal as a strategic move to connect cannabis brands with NFT communities, boasting over 97,000 Twitter followers and a network of 5,000 cannabis professionals. The Mega Robot NFT is highly exclusive, enhancing Farmhouse's market positioning.
Farmhouse Inc. (OTCQB: FMHS) has partnered with Urbana to introduce the 'Oro Blanco' Bored Ape Yacht Club (BAYC) #2186 cannabis strain at its two San Francisco locations. This collaboration aims to merge NFT culture with premium cannabis products, marking a step in Farmhouse's expansion strategy. The 'Oro Blanco' strain will serve as a flagship product for Ape-In Productions, an entertainment company that connects music fandom with BAYC NFTs. The partnership signifies Farmhouse's unique position in linking physical cannabis brands with digital assets.
Farmhouse Inc. (OTCQB: FMHS) has launched a joint venture to license Bored Ape Yacht Club's #2186, 'Oro Blanco,' for a new cannabis brand in collaboration with Ape-In Productions. This initiative aims to enhance revenue by linking established cannabis brands with NFT and web3 opportunities. With over $8.5 billion in NFT trading this year and BAYC generating $1 billion, this partnership positions Farmhouse to connect cannabis retail with the NFT community. The company is set to pioneer collaborations that merge cannabis and entertainment, leveraging its extensive professional network.
Farmhouse Inc. (OTCQB: FMHS) announced its successful launch of an NFT division, leveraging its popular Twitter account, @420, with over 90k followers. This initiative aims to merge the cannabis and NFT sectors through partnerships with renowned artists like desultor and Manny Marquez, offering unique NFT collections. Additionally, the company has introduced SuperStrains.com, a platform connecting consumers with top cannabis brands via NFTs. According to CEO Evan Horowitz, Farmhouse is committed to innovating within the industry.
Farmhouse Inc. (OTCQB: FMHS) has announced its successful uplisting from the OTC Pink Sheets to the OTCQB Venture Marketplace, effective October 13, 2021. This uplisting aims to enhance visibility for retail and institutional investors and improve liquidity. CEO Evan Horowitz highlighted that this milestone, along with a recent successful judgment, is expected to build shareholder value. The company operates multiple cannabis-related divisions, including the WeedClub® Platform, and owns a 49% stake in a Los Angeles-based cannabis business.
Farmhouse Inc. (OTC: FMHS) announced on Sept. 3, 2021, that it secured the trademark for '@420' from the U.S. Patent and Trademark Office. This trademark enhances the Company's position in the cannabis sector, leveraging the @420 Twitter handle, which boasts over 90,000 followers and high engagement rates. Farmhouse Inc. operates various cannabis-related divisions, including the WeedClub® Platform, aimed at connecting cannabis professionals. The Company also holds a 49% equity interest in a licensed cannabis dispensary and distributor based in Los Angeles.
On July 7, 2021, Farmhouse, Inc. (OTC:FMHS) announced a significant legal victory for its subsidiary Farmhouse DTLA, recovering a 49% equity interest in Los Angeles Farmers, Inc. after four years of litigation. The California Superior Court ruled that the company is entitled to profits and proceeds from 2017 onwards, alongside a 10% prejudgment interest. Los Angeles Farmers operates a multi-licensed cannabis facility in a prime Los Angeles location. A court-appointed Monitor will assess the value of profits owed to Farmhouse, expected to report by Q4 2021.
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