Bull1973
2021-11-27
Great day
Humble & Fume Posts 27% Organic Growth In Revenue As It Expands Distribution Operations In The US<blockquote>Humble & Fume 扩大美国分销业务，收入有机增长 27%</blockquote>
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(CSE: HMBL) (OTC: HUMBF) reported its financial and operating results on Wednesday for the first quarter of fiscal 2022, revealing a drop in revenue to $18.1 million from $19.4 million in the corresponding quarter of fiscal 2021.","content":"<p>Cannabis distributor<b> Humble & Fume Inc.</b> (CSE:HMBL) (OTC:HUMBF) reported its financial and operating results on Wednesday for the <b>first quarter of fiscal 2022</b>, revealing a<b> drop in revenue to $18.1 million from $19.4 million in the corresponding quarter of fiscal 2021.</b></p><p><blockquote>大麻经销商<b>谦逊和烟雾公司。</b>(CSE:HMBL) (OTC:HUMBF) 周三公布了 2018 年的财务和经营业绩<b>2022 财年第一季度</b>，揭示了一个<b>收入从2021财年相应季度的1940万美元降至1810万美元。</b></blockquote></p><p> Humble's <b>Canadian operations saw revenue growth of $8.6 million, representing a 27% increase year-over-year a</b>s a result of the expansion of sales agency partnerships, along with higher margin sales from its core accessories business.</p><p><blockquote>谦卑的<b>加拿大业务收入增长 860 万美元，同比增长 27%</b>这是由于销售代理合作伙伴关系的扩大，以及其核心配件业务的更高利润率销售。</blockquote></p><p> \"We are encouraged by the strong revenue growth we saw this quarter from our Canadian operations, which was driven by our expanding cannabis brands partnerships and higher margin sales from our accessory portfolio,\" <b>Joel Toguri, CEO</b> of the Toronto-based company, said.</p><p><blockquote>“我们对本季度加拿大业务的强劲收入增长感到鼓舞，这得益于我们不断扩大的大麻品牌合作伙伴关系以及我们配件产品组合更高的利润率销售。”<b>乔尔·托古里，首席执行官</b>这家总部位于多伦多的公司说。</blockquote></p><p> <h3>Q1 2022 Financial Highlights</h3> <ul> <li><b>Gross profit totaled $4.2 million, </b>which resulted in a gross margin of 23%, compared to $3.2 million, or a gross margin of 17%, year-over-year.</li> <li><b>Adjusted EBITDA came in negative at $1.3 million</b>, compared to $0.8 million loss in the first quarter of last fiscal year.</li> <li><b>Net loss amounted to $1.7 million, or $0.02 per diluted share, </b>compared to a net loss of $4 million, or $0.07 per share, for the prior year's quarter.</li> <li><b>Operating loss of $2.05 million</b>, compared to a $1.6 million loss in the first quarter of 2021.</li> <li>Ended the quarter with a <b>cash balance of $6.5 million.</b></li> </ul> <h3>Q1 2022 Operational Updates</h3> <ul> <li><b>Signed an exclusive sales distribution partnership with TREC Brands Inc.</b>, Canada's global premium cannabis brand house.</li> <li><b>Fume Labs launched the cannabis brand FUME in Ontario, Alberta, and British Columbia, </b>Canada. Fume is a cannabis extracts brand delivering a pure and flavorful cannabis experience using a proprietary extraction process that removes terpenes from the plant without the use of solvents.</li> </ul> <h3>Post Q1 2021 Updates</h3> <ul> <li>Signed a share purchase agreement <b>to acquire licensed California cannabis distributor Cabo Connection</b> on Oct.19.</li> <li><b>Announced it had completed an $8 million private placement by Green Acre Capital Distribution Corp.</b> to acquire 15.23% of Humble, with an LOI to complete definitive agreements for an additional US$2 million for the formation of a joint venture on Nov, 15</li> <li>Announced it will be<b> closing the Florida warehouse facility, </b>effective November 30.</li> </ul> In addition, Humble & Fume also revealed that the <b>president of Canadian distribution and founder of BobHQ, Robert Ritchot,</b> will be<b> retiring and stepping away from his position at the company.</b> Ritchot will<b> continue his role on the board of directors.</b></p><p><blockquote><h3>2022 年第一季度财务摘要</h3><ul><li><b>毛利润总计420万美元，</b>这导致毛利率为 23%，而去年同期为 320 万美元，毛利率为 17%。</li><li><b>调整后 EBITDA 为负 130 万美元</b>相比之下，上一财年第一季度亏损 80 万美元。</li><li><b>净亏损达 170 万美元，即稀释后每股亏损 0.02 美元，</b>相比之下，去年同期净亏损 400 万美元，即每股亏损 0.07 美元。</li><li><b>营业亏损205万美元</b>相比之下，2021 年第一季度亏损 160 万美元。</li><li>本季度结束时<b>现金余额为650万美元。</b></li></ul><h3>2022 年第一季度运营更新</h3><ul><li><b>与TREC Brands Inc.签署独家销售分销合作伙伴关系。</b>加拿大全球优质大麻品牌公司。</li><li><b>Fume Labs 在安大略省、艾伯塔省和不列颠哥伦比亚省推出了大麻品牌 Fume，</b>加拿大。Fume是一个大麻提取物品牌，使用专有的提取工艺，在不使用溶剂的情况下从植物中去除萜烯，提供纯净美味的大麻体验。</li></ul><h3>2021 年第一季度后更新</h3><ul><li>签订股份购买协议<b>收购持牌加州大麻分销商 Cabo Connection</b>10月19日。</li><li><b>宣布已完成Green Acre Capital Distribution Corp.的800万美元私募。</b>收购 Humble 15.23% 的股份，并于 11 月 15 日完成额外 200 万美元组建合资企业的最终协议的意向书</li><li>宣布将是<b>关闭佛罗里达仓库设施，</b>11月30日生效。</li></ul>此外，Humble & Fume还透露，<b>加拿大分销总裁兼 BobHQ 创始人 Robert Ritchot，</b>将是<b>退休并辞去其在公司的职务。</b>里歇特将<b>继续担任董事会成员。</b></blockquote></p><p> \"As we head into 2022, I am confident that Humble is well-positioned to continue to bridge the gap between cannabis brands, accessory producers, and the growing retail market in North America,\" Toguri stated.</p><p><blockquote>Toguri 表示：“随着我们进入 2022 年，我相信 Humble 处于有利地位，能够继续弥合大麻品牌、配件生产商和北美不断增长的零售市场之间的差距。”</blockquote></p><p> <h3>HUMBF Price Action</h3> Humble & Fume's <b>shares traded 6.88% lower at $0.4332 per share </b>at the market close on Wednesday.</p><p><blockquote><h3>HUMBF 价格行为</h3>谦逊与烟雾<b>股价下跌 6.88%，至每股 0.4332 美元</b>周三收盘时。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHumble & Fume Posts 27% Organic Growth In Revenue As It Expands Distribution Operations In The US<blockquote>Humble & Fume 扩大美国分销业务，收入有机增长 27%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-11-26 23:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Cannabis distributor<b> Humble & Fume Inc.</b> (CSE:HMBL) (OTC:HUMBF) reported its financial and operating results on Wednesday for the <b>first quarter of fiscal 2022</b>, revealing a<b> drop in revenue to $18.1 million from $19.4 million in the corresponding quarter of fiscal 2021.</b></p><p><blockquote>大麻经销商<b>谦逊和烟雾公司。</b>(CSE:HMBL) (OTC:HUMBF) 周三公布了 2018 年的财务和经营业绩<b>2022 财年第一季度</b>，揭示了一个<b>收入从2021财年相应季度的1940万美元降至1810万美元。</b></blockquote></p><p> Humble's <b>Canadian operations saw revenue growth of $8.6 million, representing a 27% increase year-over-year a</b>s a result of the expansion of sales agency partnerships, along with higher margin sales from its core accessories business.</p><p><blockquote>谦卑的<b>加拿大业务收入增长 860 万美元，同比增长 27%</b>这是由于销售代理合作伙伴关系的扩大，以及其核心配件业务的更高利润率销售。</blockquote></p><p> \"We are encouraged by the strong revenue growth we saw this quarter from our Canadian operations, which was driven by our expanding cannabis brands partnerships and higher margin sales from our accessory portfolio,\" <b>Joel Toguri, CEO</b> of the Toronto-based company, said.</p><p><blockquote>“我们对本季度加拿大业务的强劲收入增长感到鼓舞，这得益于我们不断扩大的大麻品牌合作伙伴关系以及我们配件产品组合更高的利润率销售。”<b>乔尔·托古里，首席执行官</b>这家总部位于多伦多的公司说。</blockquote></p><p> <h3>Q1 2022 Financial Highlights</h3> <ul> <li><b>Gross profit totaled $4.2 million, </b>which resulted in a gross margin of 23%, compared to $3.2 million, or a gross margin of 17%, year-over-year.</li> <li><b>Adjusted EBITDA came in negative at $1.3 million</b>, compared to $0.8 million loss in the first quarter of last fiscal year.</li> <li><b>Net loss amounted to $1.7 million, or $0.02 per diluted share, </b>compared to a net loss of $4 million, or $0.07 per share, for the prior year's quarter.</li> <li><b>Operating loss of $2.05 million</b>, compared to a $1.6 million loss in the first quarter of 2021.</li> <li>Ended the quarter with a <b>cash balance of $6.5 million.</b></li> </ul> <h3>Q1 2022 Operational Updates</h3> <ul> <li><b>Signed an exclusive sales distribution partnership with TREC Brands Inc.</b>, Canada's global premium cannabis brand house.</li> <li><b>Fume Labs launched the cannabis brand FUME in Ontario, Alberta, and British Columbia, </b>Canada. Fume is a cannabis extracts brand delivering a pure and flavorful cannabis experience using a proprietary extraction process that removes terpenes from the plant without the use of solvents.</li> </ul> <h3>Post Q1 2021 Updates</h3> <ul> <li>Signed a share purchase agreement <b>to acquire licensed California cannabis distributor Cabo Connection</b> on Oct.19.</li> <li><b>Announced it had completed an $8 million private placement by Green Acre Capital Distribution Corp.</b> to acquire 15.23% of Humble, with an LOI to complete definitive agreements for an additional US$2 million for the formation of a joint venture on Nov, 15</li> <li>Announced it will be<b> closing the Florida warehouse facility, </b>effective November 30.</li> </ul> In addition, Humble & Fume also revealed that the <b>president of Canadian distribution and founder of BobHQ, Robert Ritchot,</b> will be<b> retiring and stepping away from his position at the company.</b> Ritchot will<b> continue his role on the board of directors.</b></p><p><blockquote><h3>2022 年第一季度财务摘要</h3><ul><li><b>毛利润总计420万美元，</b>这导致毛利率为 23%，而去年同期为 320 万美元，毛利率为 17%。</li><li><b>调整后 EBITDA 为负 130 万美元</b>相比之下，上一财年第一季度亏损 80 万美元。</li><li><b>净亏损达 170 万美元，即稀释后每股亏损 0.02 美元，</b>相比之下，去年同期净亏损 400 万美元，即每股亏损 0.07 美元。</li><li><b>营业亏损205万美元</b>相比之下，2021 年第一季度亏损 160 万美元。</li><li>本季度结束时<b>现金余额为650万美元。</b></li></ul><h3>2022 年第一季度运营更新</h3><ul><li><b>与TREC Brands Inc.签署独家销售分销合作伙伴关系。</b>加拿大全球优质大麻品牌公司。</li><li><b>Fume Labs 在安大略省、艾伯塔省和不列颠哥伦比亚省推出了大麻品牌 Fume，</b>加拿大。Fume是一个大麻提取物品牌，使用专有的提取工艺，在不使用溶剂的情况下从植物中去除萜烯，提供纯净美味的大麻体验。</li></ul><h3>2021 年第一季度后更新</h3><ul><li>签订股份购买协议<b>收购持牌加州大麻分销商 Cabo Connection</b>10月19日。</li><li><b>宣布已完成Green Acre Capital Distribution Corp.的800万美元私募。</b>收购 Humble 15.23% 的股份，并于 11 月 15 日完成额外 200 万美元组建合资企业的最终协议的意向书</li><li>宣布将是<b>关闭佛罗里达仓库设施，</b>11月30日生效。</li></ul>此外，Humble & Fume还透露，<b>加拿大分销总裁兼 BobHQ 创始人 Robert Ritchot，</b>将是<b>退休并辞去其在公司的职务。</b>里歇特将<b>继续担任董事会成员。</b></blockquote></p><p> \"As we head into 2022, I am confident that Humble is well-positioned to continue to bridge the gap between cannabis brands, accessory producers, and the growing retail market in North America,\" Toguri stated.</p><p><blockquote>Toguri 表示：“随着我们进入 2022 年，我相信 Humble 处于有利地位，能够继续弥合大麻品牌、配件生产商和北美不断增长的零售市场之间的差距。”</blockquote></p><p> <h3>HUMBF Price Action</h3> Humble & Fume's <b>shares traded 6.88% lower at $0.4332 per share </b>at the market close on Wednesday.</p><p><blockquote><h3>HUMBF 价格行为</h3>谦逊与烟雾<b>股价下跌 6.88%，至每股 0.4332 美元</b>周三收盘时。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HUMBF":"Humble & Fume Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2186343609","content_text":"Cannabis distributor Humble & Fume Inc. (CSE:HMBL) (OTC:HUMBF) reported its financial and operating results on Wednesday for the first quarter of fiscal 2022, revealing a drop in revenue to $18.1 million from $19.4 million in the corresponding quarter of fiscal 2021.\nHumble's Canadian operations saw revenue growth of $8.6 million, representing a 27% increase year-over-year as a result of the expansion of sales agency partnerships, along with higher margin sales from its core accessories business.\n\"We are encouraged by the strong revenue growth we saw this quarter from our Canadian operations, which was driven by our expanding cannabis brands partnerships and higher margin sales from our accessory portfolio,\" Joel Toguri, CEO of the Toronto-based company, said.\nQ1 2022 Financial Highlights\n\nGross profit totaled $4.2 million, which resulted in a gross margin of 23%, compared to $3.2 million, or a gross margin of 17%, year-over-year.\nAdjusted EBITDA came in negative at $1.3 million, compared to $0.8 million loss in the first quarter of last fiscal year.\nNet loss amounted to $1.7 million, or $0.02 per diluted share, compared to a net loss of $4 million, or $0.07 per share, for the prior year's quarter.\nOperating loss of $2.05 million, compared to a $1.6 million loss in the first quarter of 2021.\nEnded the quarter with a cash balance of $6.5 million.\n\nQ1 2022 Operational Updates\n\nSigned an exclusive sales distribution partnership with TREC Brands Inc., Canada's global premium cannabis brand house.\nFume Labs launched the cannabis brand FUME in Ontario, Alberta, and British Columbia, Canada. Fume is a cannabis extracts brand delivering a pure and flavorful cannabis experience using a proprietary extraction process that removes terpenes from the plant without the use of solvents.\n\nPost Q1 2021 Updates\n\nSigned a share purchase agreement to acquire licensed California cannabis distributor Cabo Connection on Oct.19.\nAnnounced it had completed an $8 million private placement by Green Acre Capital Distribution Corp. to acquire 15.23% of Humble, with an LOI to complete definitive agreements for an additional US$2 million for the formation of a joint venture on Nov, 15\nAnnounced it will be closing the Florida warehouse facility, effective November 30.\n\nIn addition, Humble & Fume also revealed that the president of Canadian distribution and founder of BobHQ, Robert Ritchot, will be retiring and stepping away from his position at the company. Ritchot will continue his role on the board of directors.\n\"As we head into 2022, I am confident that Humble is well-positioned to continue to bridge the gap between cannabis brands, accessory producers, and the growing retail market in North America,\" Toguri stated.\nHUMBF Price Action\nHumble & Fume's shares traded 6.88% lower at $0.4332 per share at the market close on Wednesday.","news_type":1,"symbols_score_info":{"HUMBF":0.9}},"isVote":1,"tweetType":1,"viewCount":1101,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/877572873"}
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