On Monday, Farmhouse Inc (OTCMKTS:FMHS) was in the news after it announced that it had officially launched the Mutant Ape Yacht Club #30000 ‘Mega Robot’ brand of high-grade cannabis products in collaboration with Bronx Extracts. Bronx Extracts is a whole plant extraction firm, which is owned and operated by a family.
On Monday, FMHS stock ended flat at $0.1400 with more than 30 shares, compared to volume of 3.23K shares. The stock moved within a range of $0.1400 – 0.1400 after opening trade at $0.1000.
Farmhouse Launches Mega Robot (Mutant Ape Yacht Club #30000) Cannabis Brand With Bronx Extracts
The launch of the Mega Robot brand is particularly important for the company considering the fact that it is part of the expansion plans of Farmhouse to move into the Web3 space. It seeks to do so through the alignment of cannabis brands with some of the top digital collectible intellectual property holders.
The cannabis products under the Magic Robot brand have been made available by the company across a range of retail and delivery outlets. Some of those outlets include Green Goddess, Urbana in California and Lakeside Remedy.
Even Horowitz, who is the Chief Executive Officer of Farmhouse spoke about the latest development as well. He noted that everyone at the company was excited at the fact that the company had launched a new wave of cannabis companies which could go into partnerships with NFT holders for the purpose of developing brands that may appeal to consumers in a big way.