Green Acre Baháʼí School

Humble & Fume Inc. Bolsters Cannabis Distribution with $4 Million USD Infusion

Retrieved on:

Tuesday, August 22, 2023

Partnership, CSE, Green Acre Baháʼí School, Green Acres, California, USD, JV, HCI, Johnson Brothers, Cannabis, Growth, Wine, Drug, Humble

The focus of this venture continues to be the strategic distribution of cannabis products across the United States, with a primary focus on California.

Key Points:

The focus of this venture continues to be the strategic distribution of cannabis products across the United States, with a primary focus on California.
Green Acre and Johnson's commitment, in the form of this substantial financial infusion, underscores their steadfast support for Humble's growth trajectory within the cannabis distribution landscape.
This augmented partnership capitalizes on the synergies between the parties, amplifying their combined influence in the rapidly evolving cannabis market.
"Securing this additional $4 million USD investment represents another significant step forward in our strategic plan for growth and market presence," commented Jakob Ripshtein, CEO of Humble.

Green Acre Capital Distribution Corp. Makes Additional Investment of US$1.99 Million, Increasing Its Interest in the US Distribution Joint Venture to 50.2% and Humble & Fume Provides Additional Information Concerning Recently Closed Private Placement

Retrieved on:

Monday, June 19, 2023

Partnership, CSE, Green Acre Baháʼí School, Green Acres, California, Beer, HCI, Johnson Brothers, Investment, Cannabis, Forgiveness, Wine, Drug, Cryptocurrency, Humble

HCI is a joint venture company established by Humble and Green Acre for the purpose of distribution of cannabis, initially focused on accelerating the Company's expansion into cannabis distribution operations throughout the United States in California.

Key Points:

HCI is a joint venture company established by Humble and Green Acre for the purpose of distribution of cannabis, initially focused on accelerating the Company's expansion into cannabis distribution operations throughout the United States in California.
With this latest investment, Green Acre's ownership stake in HCI has increased from 50% to 50.2%, while Humble retains 49.8% ownership.
"The backing provided by Johnson Brothers through their Green Acre option agreement exemplifies their dedication to supporting our expansion initiatives in the United States," stated Jakob Ripshtein, CEO of Humble.
"We take great pride in our partnership with Johnson Brothers, renowned for their exceptional operational excellence in nationwide alcoholic beverage distribution."

Green Acre Capital Distribution Corp. Makes an Additional Investment of US$2 million, increasing its interest in the US Distribution Joint Venture to 50%

Retrieved on:

Wednesday, March 1, 2023

Joint venture, Johnson Brothers, JV, CSE, Investment, Wine, HCI, Container deposit legislation in the United States, Green Acre Baháʼí School, Acre, Drug, Cannabis, Humble

Green Acre to invest an additional US$2 million into Joint Venture to distribute Cannabis in the United States with an initial focus on California fulfilling its rights under the previously announced joint venture.

Key Points:

Green Acre to invest an additional US$2 million into Joint Venture to distribute Cannabis in the United States with an initial focus on California fulfilling its rights under the previously announced joint venture.
Green Acre's investment has been funded by an option agreement with Johnson Brothers, a leading wine, spirits, and beer distributor.
Funds will be used to accelerate Humble's expansion of cannabis distribution operations in California.
As a result of this additional investment, Green Acre's ownership interest in HCI increases from 45% to 50%, with the other 50% owned by Humble.

Humble & Fume Inc. Reports Fiscal 2022 Fourth Quarter and Full Year Financial Results

Retrieved on:

Thursday, October 13, 2022

Humble will distribute all products marketed and sold under the Cookies brand name in California and any new consumer-branded cannabis products.

Key Points:

Humble will distribute all products marketed and sold under the Cookies brand name in California and any new consumer-branded cannabis products.
Statements about, among other things, Humble & Fume Inc.'s strategic plans including future growth opportunities and strategies in the United States are all forward-looking information.
About Humble & Fume Inc.
Humble & Fume Inc. is a leading North American distributor of cannabis and cannabis accessories, supported by a customer-centric sales team and a strong fulfillment infrastructure.
With over 20 years of North American operating experience, Humble has cultivated extensive vendor and customer relationships, distributing premium cannabis consumables and consumption devices.

Green Acre Capital Distribution Corp. Makes An Additional Investment of US$6 million, increasing its interest in the US Distribution Joint Venture to 45%

Retrieved on:

Tuesday, September 13, 2022

The Joint Venture and its resulting formation agreements are part of the previously announced Private Placement with Green Acre.

Key Points:

The Joint Venture and its resulting formation agreements are part of the previously announced Private Placement with Green Acre.
Green Acre's investment has been funded by an option agreement with Johnson Brothers, a leading wine, spirits, and beer distributor.
Green Acre has funded its investment through an option agreement with Johnson Brothers, a leading wine, spirits, and beer distributor in the United States.
In addition, in that circumstance, Green Acre would also tender back to Humble all shares of Humble owned by Green Acre.

Humble & Fume Inc. Establishes Joint Venture to Build Leading North American Cannabis Distributor

Retrieved on:

Monday, April 25, 2022

CSE, News, Awareness, Johnson Brothers, Private, JV, Wine, Company, International joint venture, Private placement, Green Acre Baháʼí School, SEDAR, Joint venture, Northwest Cannabis Solutions Satsop facility, Drug, Humble, Cannabis

Humble invests US$8 million into Joint Venture to distribute Cannabis in the United States with an initial focus on California.

Key Points:

Humble invests US$8 million into Joint Venture to distribute Cannabis in the United States with an initial focus on California.
Green Acre Distribution Corp. completes a US$2 million investment to further fund Joint Venture for a 20% interest in the Joint Venture.
Both Green Acre investments funded by an option agreement with Johnson Brothers, a leading wine, spirits, and beer distributor.
About Humble & Fume Inc.
Humble & Fume Inc. is a leading North American distributor of cannabis and cannabis accessories, supported by a customer-centric sales team and strong fulfillment infrastructure.