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FARMHOUSE ANNOUNCES AGREEMENT TO ACQUIRE T-PAIN'S BEVERAGE COMPANY, THROWN, LLC D/B/A NAPPY BOY DRANKS

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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) ha annunciato un accordo definitivo per acquisire Thrown, la società dietro a Nappy Boy Dranks, un marchio di bevande funzionali fondato dall'artista vincitore di un Grammy T-Pain. L'acquisizione combina l'esperienza di mercato di Farmhouse con l'influenza multiculturale di T-Pain nei settori dei videogiochi, dell'intrattenimento e della musica.

Punti chiave dell'accordo includono:

  • Farmhouse acquisirà tutti i diritti di partecipazione di Thrown in cambio di circa il 25% delle azioni totali emesse da Farmhouse dopo la chiusura.
  • Il team di gestione di Thrown continuerà a operare sotto la proprietà di Farmhouse.
  • Farmhouse deve assicurarsi fino a 10 milioni di dollari in finanziamenti, con l'80% destinato a Thrown per il capitale circolante.

La partnership punta a capitalizzare sul crescente mercato globale delle bevande energetiche, previsto superare gli 86 miliardi di dollari entro il 2026, con il primo prodotto di Nappy Boy Dranks che sarà uno shot energetico da 2 once.

Farmhouse Inc. (OTCQB: FMHS) ha anunciado un acuerdo definitivo para adquirir Thrown, la compañía detrás de Nappy Boy Dranks, una marca de bebidas funcionales fundada por el artista ganador de un Grammy T-Pain. La adquisición combina la experiencia de mercado de Farmhouse con la influencia multicultural de T-Pain en las industrias de los videojuegos, entretenimiento y música.

Puntos clave del acuerdo incluyen:

  • Farmhouse adquirirá todos los intereses de membresía de Thrown a cambio de aproximadamente el 25% de las acciones totales emitidas de Farmhouse después del cierre.
  • El equipo de gestión de Thrown continuará operando bajo la propiedad de Farmhouse.
  • Farmhouse debe asegurar hasta 10 millones de dólares en financiamiento, con el 80% destinado a Thrown para capital de trabajo.

La asociación tiene como objetivo capitalizar el creciente mercado global de bebidas energéticas, que se proyecta superará los 86 mil millones de dólares para 2026, siendo el primer producto de Nappy Boy Dranks un shot energético de 2 onzas.

Farmhouse Inc. (OTCQB: FMHS)Nappy Boy Dranks의 회사인 Thrown을 인수하기 위한 최종 계약을 발표했습니다. 이 브랜드는 그래미 수상 아티스트 T-Pain에 의해 설립된 기능성 음료 브랜드입니다. 이번 인수는 Farmhouse의 시장 전문성과 T-Pain의 게임, 엔터테인먼트 및 음악 산업에서의 다문화적 영향을 결합합니다.

협정의 주요 사항은 다음과 같습니다:

  • Farmhouse는 거래 완료 후 Farmhouse의 총 발행 주식의 약 25%와 교환하여 Thrown의 모든 멤버십 이권을 인수합니다.
  • Thrown의 경영 팀은 Farmhouse의 소유 하에 계속 운영됩니다.
  • Farmhouse는 최대 1천만 달러의 자금을 확보해야 하며, 이 중 80%는 Thrown의 운영 자본으로 배정됩니다.

파트너십은 2026년까지 860억 달러를 초과할 것으로 예상되는 글로벌 에너지 음료 시장의 성장에 착수하는 것을 목표로 하며, Nappy Boy Dranks의 첫 제품은 2온스 에너지 샷입니다.

Farmhouse Inc. (OTCQB: FMHS) a annoncé un accord définitif pour acquérir Thrown, la société derrière Nappy Boy Dranks, une marque de boissons fonctionnelles fondée par l'artiste primé aux Grammy T-Pain. Cette acquisition allie l'expertise de marché de Farmhouse à l'influence multiculturelle de T-Pain dans les secteurs du jeu, du divertissement et de la musique.

Les points clés de l'accord incluent :

  • Farmhouse acquerra tous les intérêts de membre de Thrown en échange d'environ 25% des actions totales émises par Farmhouse après la clôture.
  • L'équipe de direction de Thrown continuera à opérer sous la propriété de Farmhouse.
  • Farmhouse doit obtenir jusqu'à 10 millions de dollars de financement, avec 80% alloués à Thrown pour le fonds de roulement.

Le partenariat vise à tirer parti du marché mondial croissant des boissons énergétiques, qui devrait dépasser 86 milliards de dollars d'ici 2026, le premier produit de Nappy Boy Dranks étant un shot énergétique de 2 onces.

Farmhouse Inc. (OTCQB: FMHS) hat eine endgültige Vereinbarung zur Übernahme von Thrown, dem Unternehmen hinter Nappy Boy Dranks, einer funktionalen Getränkemarke, die von dem Grammy-dedizierten Künstler T-Pain gegründet wurde, bekannt gegeben. Die Übernahme kombiniert die Marktexpertise von Farmhouse mit T-Pains multikulturellem Einfluss in den Bereichen Gaming, Unterhaltung und Musik.

Schlüsselpunkte der Vereinbarung umfassen:

  • Farmhouse wird alle Mitgliederinteressen von Thrown im Austausch für etwa 25% der insgesamt ausgegebenen Aktien von Farmhouse nach Abschluss erwerben.
  • Das Managementteam von Thrown wird unter dem Eigentum von Farmhouse weiterarbeiten.
  • Farmhouse muss bis zu 10 Millionen Dollar an Finanzierungen sichern, wobei 80% für Thrown als Betriebskapital vorgesehen sind.

Die Partnerschaft zielt darauf ab, vom wachsenden globalen Markt für Energydrinks zu profitieren, dessen Umsatz bis 2026 voraussichtlich 86 Milliarden Dollar übersteigen wird. Das erste Produkt von Nappy Boy Dranks ist ein 2 Unzen Energie-Drink.

Positive
  • Acquisition of Thrown, expands Farmhouse's market presence in the growing energy drink sector
  • Partnership with T-Pain brings strong multicultural influence and potential for accelerated growth
  • Access to the global energy drink market projected to exceed $86 billion by 2026
  • Retention of Thrown's management team ensures continuity and expertise
Negative
  • Significant share dilution with 25% of post-closing shares issued for the acquisition
  • Requirement to secure up to $10 million in financing, potentially increasing debt or further diluting shares
  • Execution risks associated with entering a competitive energy drink market

SAN FRANCISCO, Sept. 12, 2024 /PRNewswire/ -- Farmhouse Inc. (OTCQB: FMHS) announced today the signing of a definitive agreement to acquire Thrown, LLC, the company behind Nappy Boy Dranks, a functional beverage brand founded by its CEO and Grammy Award-winning artist and entrepreneur T-Pain.

FARMHOUSE ANNOUNCES AGREEMENT TO ACQUIRE T-PAIN'S BEVERAGE COMPANY

This acquisition combines Farmhouse's market expertise and T-Pain's multicultural influence across the gaming, entertainment, and music industries, positioning both companies for accelerated growth.

T-Pain's broad influence and strong connection to diverse communities make him an ideal leader to bring Nappy Boy Dranks into the energy drink market. His multicultural appeal, paired with Farmhouse's resources and industry expertise, positions the brand for significant growth and the potential to become a leader in this competitive sector.

The company's first product, a 2-ounce energy shot powered by Nappy Boy Dranks' proprietary T-Mix Blend, is designed to meet the demands of today's fast-paced lifestyle, offering a convenient, functional solution for consumers seeking on-the-go beverages. According to Allied Market Research and Fortune Business Insights, the global energy drink market is projected to exceed $86 billion by 2026. This growth is driven by rising demand for functional beverages.

"Nappy Boy Dranks is all about bringing good energy to everyone—whether you're a gamer, creator, or hustling every day. I want people to feel good, play good, and stay focused. I'm excited to share this with the world," said T-Pain, CEO of Thrown.

Evan Horowitz, CEO of Farmhouse, commented, "Acquiring Thrown positions Farmhouse at the forefront of this expanding sector. With T-Pain's vision and leadership driving innovation, I'm confident Nappy Boy Dranks will become a positive force in the industry."

Under the terms of the agreement, 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, and performance incentives will be tied to an Earn-Out Agreement. Farmhouse must also secure up to $10 million in financing, with 80% allocated to Thrown for working capital. The definitive agreement is subject to other standard representations and warranties and closing conditions.

The signing of this agreement represents a significant milestone for Farmhouse, allowing it to expand into new markets while strengthening its leadership team. By combining T-Pain's brand vision with Farmhouse's operational expertise, the partnership is expected to drive significant growth and deliver strong value for Farmhouse shareholders.

Denzel Cadet and Eric Feig of Feig Finkel LLP served as legal counsel to Thrown. Scott Kline of Kline Law Group serves as counsel to Farmhouse.

About Farmhouse, Inc. 
Farmhouse, Inc. (OTCQB: FMHS) is a public company focused on integrating technology, IP, and consumer products, including beverages. Farmhouse is expanding into the beverage industry with its planned acquisition of Thrown, LLC. The Farmhouse Vault division leverages IP to launch branded physical products through licensing agreements.

About Thrown, LLC
Thrown, LLC, led by Grammy Award-winning artist and entrepreneur T-Pain, is the company behind Nappy Boy Dranks, an innovative line of functional beverages. By combining health-conscious ingredients with T-Pain's multicultural influence, Nappy Boy Dranks offers unique and impactful products that resonate with today's consumers looking for sustained performance and cognitive support.

About T-Pain

T-Pain has revolutionized pop, hip-hop, and R&B, selling over 50 million singles, and generating billions of streams. With 10 iconic Billboard Hot 100 #1s, he's a global music phenomenon. Beyond music, T-Pain is a Twitch sensation, head of his own Nappy Boy Entertainment, Nappy Boy Automotive, and Nappy Boy Gaming. He's also an actor, podcast host, and expert drift driver. Visit www.tpain.com for more.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Farmhouse Inc.'s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the market, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and Farmhouse undertakes no duty to update such information, except as required under applicable law.

The statements herein have not been evaluated by the Food and Drug Administration, The products described herein are not intended to diagnose, treat, cure or prevent any disease. The products provide a feeling of alertness and energy, but do not provide caloric energy, nor are they proven to improve physical performance, dexterity or endurance. They are not a substitute for proper hydration.

Nothing in this press release constitutes an offer to buy, or a solicitation of an offer to sell, securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Official OTC Markets Profile for Farmhouse, Inc.
https://www.otcmarkets.com/stock/FMHS/profile

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/farmhouse-announces-agreement-to-acquire-t-pains-beverage-company-thrown-llc-dba-nappy-boy-dranks-302246030.html

SOURCE Farmhouse, Inc.

FAQ

What company is Farmhouse Inc. (FMHS) acquiring?

Farmhouse Inc. (FMHS) is acquiring Thrown, , the company behind Nappy Boy Dranks, a functional beverage brand founded by T-Pain.

How much of Farmhouse's shares will be issued for the acquisition of Thrown, ?

Farmhouse will issue approximately 25% of its total issued shares post-closing in exchange for all membership interests of Thrown,

What is the first product of Nappy Boy Dranks?

The first product of Nappy Boy Dranks is a 2-ounce energy shot powered by their proprietary T-Mix Blend.

How much financing does Farmhouse (FMHS) need to secure for the acquisition?

Farmhouse needs to secure up to $10 million in financing, with 80% allocated to Thrown for working capital.

What is the projected size of the global energy drink market by 2026?

According to the press release, the global energy drink market is projected to exceed $86 billion by 2026.

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