Humble & Fume Bolsters Cannabis Distribution With $4M Infusion
Portfolio Pulse from Vuk Zdinjak
Humble & Fume Inc. has received an additional $4 million investment from Green Acre Capital Distribution Corp. into HC Solutions Holdings Inc., a joint venture company established by Humble and Green Acre. The investment increases Green Acre's ownership stake in HCI from 50.2% to 75%, while Humble retains the remaining 25%. Green Acre has also granted Humble an option to acquire 50% of the common shares of HCI for $2 million.
August 23, 2023 | 1:31 pm
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Humble & Fume Inc. has received an additional $4 million investment from Green Acre Capital, which increases Green Acre's stake in HCI to 75% and gives Humble an option to acquire 50% of HCI's common shares for $2 million.
The additional investment from Green Acre Capital strengthens Humble & Fume's financial position and provides potential for increased ownership in HCI. This could potentially lead to increased revenues and profitability, which would likely have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100