Leading Cannabis Accessory Distributor Announces Q3 Results and Rapid Expansion into California
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Leading Cannabis Accessory Distributor Announces Q3 Results and Rapid Expansion into California

By: Dylan Sikes – AllPennyStocks.com News

Thursday, May 26, 2022

The cannabis industry continues to grow and this firm, already a leader in Canada, is setting its eyes on California.

Leading North American cannabis and cannabis accessory distributor Humble & Fume Inc. (CSE: HMBL) (OTCQX: HUMBF) reported  third-quarter fiscal 2022  financial and operating results for the three and nine months ended March 31, 2022 that showed stabilizing quarterly consolidated net revenue for the quarter of $16 million, operating expenses down by 18% and a 6% increase in gross margins vs. last quarter, per the company’s press release.

The company is planning an aggressive expansion into cannabis distribution in California which is currently ahead of schedule. The firm said that multiple tier-one brand partners were onboarded in the first three months with an anticipated annualized revenue contribution of USD $25 -35 million which is slated to start in Q4 (April - June 2022 ).

U.S. shares closed Wednesday trade at $0.1393.


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