Humble & Fume Inc., a Canadian cannabis distributor, announced that it has completed an $8 million private placement from Green Acre Capital Distribution Corp.
As our business evolves and expands, we continue to be hyper focused on sustainable profit generation and positive cash flow to deliver long-term shareholder value,” he said.
“The Johnson Brothers investment, through Green Acre, is transformative for the legal cannabis distribution market in North America.
In addition, a LOI indicates Green Acre will also invest an additional $2 million to form a joint venture with Humble.
“As the legal cannabis market matures, Humble is looking to model itself after the distribution and sales experience and infrastructure from other established industries, like beverage alcohol, food and even the medical services.