Humble & Fume is a Canadian cannabis distributor focused on product distribution and market entry. The company has partnered with Green Acre Capital and Johnson Brothers to create a joint venture to launch distribution efforts in California. It executed an $8 million private placement that included 18,795,471 common shares at C$0.53 per share to fund U.S. expansion. A letter of intent contemplates an additional $2 million investment and a further $10 million in non‑dilutive capital to bring Green Acre's JV interest to 50%. Johnson Brothers provided an $8 million option agreement that funded the private placement and holds the right to acquire the joint venture once federal legalization allows equity investment without affecting its alcohol licenses. Humble & Fume recently appointed Jakob Ripshtein as chairman, bringing experience from Perennial Brands, Aprhia (now Tilray), and Diageo Canada to its U.S. strategy.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022