Humble & Fume Inc (OTCQX: HUMBF) (CSE: HMBL) - Investor Dashboard
| ➔ Humble & Fume | |||||
|---|---|---|---|---|---|
| OTC Ticker: | HUMBF | ||||
| CSE Ticker: | HMBL | ||||
| Market Focus: | North America |
| Classification: | Ancillary |
| Country: | Canada |
| Employees: | 172 as of 6/2021 |
| Established: | 2019 |
| CEO: | Joel Toguri |
Summary
| Fiscal Year-End: | June 30 |
| Auditor: | MNP, LLP |
| Trading Debut: | June 16, 2021 |
| Countries of Operation: | 2 |
| Headquarters: | Toronto, ON |
Financials (12/31/21)
| Cash on hand: | $14.3 million |
| Fixed Investment: | $2.0 million |
| Shareholders’ Equity: | $33.7 million |
| Revenues – Last Quarter: | $16.9 million |
| Adj. Gross Margin : | 14.4% |
| EPS : | -$0.03 |
Capital Structure (02/28/22)
| Last Financing: | 18.8 million shares at C$0.53 |
| Basic Shares: | 123.8 million |
| Warrants: | 5.2 million |
| Options: | 6.8 million |
| Diluted Shares: | 135.8 million |
Company Brief
Humble & Fume Inc. (Follow Company) is a leading North American distributor committed to satisfying all moments in the cannabis consumption experience. As the only fully-integrated cannabis distribution solution, Humble bridges the gap for retailers, licensed cannabis producers, multi-state operators, and cannabis consumers to maximize sales penetration, and increase financial performance. Humble is committed to our brand and retail partners to help grow their businesses by providing data-driven insights, proven go-to-market expertise and best-in-class distribution for cannabis and cannabis accessories. Over the last 20 years, Humble has offered end-to-end expertise in brand partnerships and activation.
Humble & Fume Value Chain
Highlights
- Expansive portfolio of over 200 brands and a customer base of over 3,000 cannabis retail relationships across North America
- Three distribution centers capable of reaching 90% of North American customers in 48 hours
- ~71% year-over-year revenue growth in 2021 ($74.1M in 2021 vs. $43.4M in 2020)
- Top line growth driven by strong distribution business; new initiatives and cost efficiencies to drive significant margin expansion
Growth Strategy
- Significant U.S. opportunity for expansion, including M&A
- Humble & Fume is optimally positioned to disrupt the California distribution market and generate superior returns for new and existing investors
- Johnson Brothers has indirectly provided Humble & Fume with US$10 million in committed growth capital to build a market-leading U.S. cannabis distribution business, beginning in California
- Joint venture with Green Acre Capital Distribution Corp. to distribute cannabis in the U.S.
Differentiators
- Humble’s position in the supply chain allows both big and small retailers access to national LP brands
- Turnkey solution for cannabis producers to bring product to retailers across North America quickly without having to invest in in-house sales team
- Accessories portfolio businesses provide customers a one-stop-shop for all cannabis needs.
- Fully integrated solution reduces procurement complexity and maximizes profitability for retailers and vendors with data driven insights
- 85% penetration rate with Canadian cannabis retailers
Curated Stories & News
Visit Humble & Fume, Inc.
at www.humbleandfumeinc.com
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