The cannabis industry may not have had a particularly good time in recent months but there are still deals being struck which could make some companies interesting. One of the companies from the sector that you could look into today is Humble & Fume Inc (OTCMKTS:HUMBF), which is involved in the distribution of cannabis as well as cannabis accessories.
Trading Data
On Thursday, HUMBF stock ended flat at $0.1500 with 5K shares, compared to volume of 1.27K shares. The stock moved within a range of $0.1500 – 0.1500 after opening trade at $0.1500.
Humble & Fume Announces Exclusive Sales And Distribution Deal With Industry-Leading Cannabis Brand Cookies
The company announced yesterday that it had managed to strike an exclusive distribution agreement for the state of California with the leading cannabis brand Cookies. It goes without saying that the development is a significant one considering the fact that California remains one of the most lucrative cannabis markets in the United States at this point.
Humble & Fume has been working on the expansion of its distribution foot print and the latest announcement is part of that strategy. In addition to that, the deal is also going to help Cookies in getting its products to the Californian market at a much larger scale.
Joel Toguri, who is the Chief Executive Officer of the company, called Cookies the most recognizable brand of cannabis in California and hence, Humble & Fume was proud to be associated with it.
Key Quote
“We are proud to be associated with Cookies, the most recognized cannabis brand in California,” said Joel Toguri, Chief Executive Officer of Humble. “Our focus is on growth and expansion, and to succeed you must seek out and build relationships with best-in-class brands. Cookies is without a doubt best-in-class in the world of cannabis and is always top of mind with consumers.”
