AskMuncher
3 years ago
$FMHS FARMHOUSE LAUNCHES NEW WEBSITE
Press Release | 09/14/2021
Farmhouse Inc. (OTC: FMHS) (the "Company"), a public fully reporting technology company with multiple cannabis-related divisions and IP, today announces that it has launched a new, updated company website. The website reflects the evolution of Farmhouse as a transparent, cannabis-holding company.
The new website presents some of the key assets that the Company possesses with updated information about each. It also shows select brands, companies and entrepreneurs that the Company has engaged with. For more information on Farmhouse Inc. and to view the site, please visit https://farmhouse.tv/.
About Farmhouse, Inc.
The Company is a holding company with multiple divisions, including the WeedClub® Platform, a professional social network platform to the regulated cannabis industry, that enables cannabis and hemp professionals to connect, discover products and services and scale their businesses. The Company believes it has established itself as the trusted brand to connect the industry through the WeedClub® Platform and its @420 Twitter handle. Through its wholly owned subsidiary, the Company owns a 49% equity interest in a Los Angeles-based multi-licensed cannabis retail dispensary, grow, manufacturer and distributor.
Forward Looking Statements
This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as may, will, should, expect, anticipate, project, estimate, intend, continue or believe or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact Information
For all inquiries:
help@farmhouse.tv
AskMuncher
3 years ago
$FMHS FARMHOUSE INC. FILES FORM 10-Q FOR THREE MONTHS ENDED MARCH 31, 2021, ANNOUNCES TWITTER ADVERTISING REVENUE GAINS
Press Release | 05/18/2021
Farmhouse, Inc. (OTC:FMHS) (the "Company"), a social media company focused on leveraging technology to connect the regulated cannabis industry through its on-line community, The WeedClub® Platform, today announced that it has filed its Form 10-Q for the three months ended March 31, 2020 and announces revenue gains from its Twitter advertising deal.
For the three months ended March 31, 2021, the Company generated revenues of $11,350 compared to no revenues in the comparable prior year quarter. Overall, for the three months ended March 31, 2021, the Company reported a net loss of $137,325, or $0.01 per share, compared to a net loss of $186,452, or $0.01 per share, for the three months ended March 31, 2020.
Twitter Advertising Revenue Gains
Affiliate advertising, through the Companys advertising deal with Twitter, generated $8,850 of revenues for the three months ended March 31, 2021. In 2020, the Company entered into an advertising deal with Twitter which provides a new revenue stream and growth opportunity due to the Companys ability to post approved hemp social media ads. Currently, the cannabis and hemp social advertising space is restrictive towards many products and brands. Each platform has different guidelines (many of which are vague) and force companies to find workarounds to run ads through a given platform that may or may not be flagged and halted at any time,
With our Twitter advertising deal, we go through a process to gain pre-approval for hemp companies prior to posting any Twitter ads, removing the potential for ads getting flagged, removed or the account getting shut down, said Chief Executive Officer Evan Horowitz. This creates a sustainable advantage because our WeedClub® Platform has one of the few legal and approved direct-to-consumer advertising channels. Our Twitter advertising deal creates a differentiated opportunity for us to enter the hemp advertising industry and connect companies with a sought after direct-to-consumer channel to market and raise brand awareness for their products.
About Farmhouse, Inc.
The Company has developed the WeedClub® Platform, a professional social network platform for the regulated cannabis industry, that enables cannabis and hemp professionals to connect, discover products and services and scale their businesses. Within the WeedClub® Platform, members utilize an increasing set of technology-based tools for discovering professional connections and information. The Company believes it has established itself as the trusted brand to connect the industry through the WeedClub® Platform and its @420 Twitter handle.
Forward Looking Statements
The Company cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on our current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the fitness of our product for a particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in prior press releases and in our filings with the Securities and Exchange Commission (SEC), including in our Form 10-K for the year ending December 31, 2020 and any subsequent filings with the SEC. We caution you not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contact Information
For all inquiries:
help@farmhouse.tv
AskMuncher
3 years ago
$FMHS FARMHOUSE INC. FILES FORM 10-K FOR YEAR ENDED DECEMBER 31, 2020; PROVIDES IMPORTANT UPDATE ON PENDING LITIGATION
Press Release | 05/03/2021
SAN FRANCISCO, Calif., May 3, 2020 Farmhouse, Inc. (OTC:FMHS) (the Company), a social media company focused on leveraging technology to connect the regulated cannabis industry through its on-line community, The WeedClub® Platform, today announced that it has filed its Form 10-K for the year ended December 31, 2020 and provides important update on its pending litigation.
Results of Operations
For the years ended December 31, 2020 and 2019, the Company generated revenues of $16,691 and $41,344, respectively, a decrease of $24,653. Overall, for the year ended December 31, 2020, we reported a net loss of $1,045,479, or $0.07 per share, compared to a net loss of $563,072, or $0.05 per share, for the year ended December 31, 2019. It was determined that the fair market value of our intangible assets to be zero as of December 31, 2020, and the Company recorded a loss on impairment of intangible assets of $455,000 for the year ended December 31, 2020. Without considering the $455,000 loss on impairment of intangible assets, the comparative net loss for the year ended December 31, 2020 was $590,479, an overall increase of approximately $27,400 over the year ended December 31, 2019.
This past years loss is a continuing investment in our strategy to position The WeedClub® Platform as the trusted online community where cannabis professionals can meet, exchange ideas as legalization grows worldwide, and identify key areas where we can implement scalable technologies to capture value for our shareholders, said Chief Executive Officer Evan Horowitz. During 2020, we saw an improving business climate for the cannabis and hemp industry. Earlier in 2021, we launched new capabilities for growth such as merchant banking and mainstream social network integrations. We remain steadfast in our strategy and we are optimistic our technologies will lead to meaningful revenue opportunities.
Important Update on Pending Litigation
In late 2017, the Company commenced litigation against Los Angeles Farmers, Inc. (L.A. Farmers), a medical marijuana growing and retail company based in Los Angeles, and David and Irina Vayntrub, who were the sole officers, directors and members of L.A. Farmers, seeking to enforce its contract rights under a Strategic Consulting Agreement. The action was originally filed in the Los Angeles County Superior Court and was subsequently stayed so that the matter could be arbitrated before a federal judge at Judicate West in Los Angeles. In January 2021, the Company entered into a confidential settlement with the Vayntrubs that resolved all claims between the Company and the Vayntrubs. In February 2021, the Company and L.A. Farmers conducted a four-day arbitration hearing at Judicate West.
On April 8, 2021, the Judge issued his Arbitration Award, which found in favor of the Company and against L.A. Farmers on all claims. The judgment awards 49% of L.A. Farmers business to the Company as of November 2017, along with a share of any profits from November 2017 to the present and going forward, accrued interest and litigation costs. The Judge also appointed a monitor to conduct an accounting of L.A. Farmers business to determine how much the Company is entitled to under the award.
Because the arbitration award is final, L.A. Farmers has no appellate rights and there is little to no possibility that the arbitration award will be modified or overturned in any material respect, said Chief Executive Officer Evan Horowitz. We are in the process of confirming the arbitration award and working with the monitor to have him commence his work. The financial impact of this arbitration award is unknown at this time.
About Farmhouse, Inc.
The Company has developed The WeedClub® Platform, a professional social network platform to the regulated cannabis industry, which allows its members to digitally network with cannabis industry stakeholders. The Company vets its WeedClub® members to ensure their businesses are state compliant and have clean backgrounds which helps facilitate a sense of community and trust amongst its members. Within WeedClub®, members utilize an increasing set of technology-based tools for discovering professional connections and information. The Company believes WeedClub® will improve connectivity between enterprise cannabis professionals by adding more conventional social networking software and systems. The Company intends to offer its WeedClub® members group opportunities while advertising and consulting revenues are generated via the curated opportunities.
Forward Looking Statements
The Company cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on our current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the fitness of our product for a particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in prior press releases and in our filings with the Securities and Exchange Commission (SEC), including in our Form 10-K for the year ending December 31, 2020 and any subsequent filings with the SEC. We caution you not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contact Information
For all inquiries:
help@farmhouse.tv
AskMuncher
4 years ago
$FMHS Farmhouse C.E.O. Evan Horowitz Provides Business Update
Press Release | 10/26/2020
Farmhouse C.E.O. Evan Horowitz Provides Business Update
Farmhouse C.E.O. Evan Horowitz shares strategy shift that allows company to fully leverage the foundation it has built to connect the regulated cannabis and hemp markets.
SAN FRANCISCO, Oct. 26, 2020 - Farmhouse, Inc. has built a foundation through strategic acquisition of premium cannabis related domains and trademarks. These include blunt.com, extract.com and a successful trademark of @420. This foundation will enable Farmhouse, Inc. to continue connecting and providing transparency in the regulated cannabis industry.
During the COVID-19 crisis, Farmhouse, Inc. identified gaps in the marketplace and shifted its strategy to leveraging its @420 trademark and @420 Twitter handle to empower small to medium sized cannabis and hemp operators to drive revenue during the pandemic.
The company pivoted its @420 pitch, a Shark Tank style cannabis event, into an ongoing virtual accelerator program for cannabis startups that has led to numerous successful fundraising events and has helped the company to build an exciting equities portfolio along the way.
The @420 Twitter handle, with over 90k followers, and 5000+ Member cannabis social network, WeedClub, now provide a powerful advertising channel for companies to reach an untapped audience with their products and services.
With a renewed focus and newly effective S-1 filing, Farmhouse, Inc. continues to level the playing field for small to medium sized cannabis businesses while providing more transparency to the regulated cannabis industry as a whole.
Farmhouse, Inc. Co-Founder and CEO, Evan Horowitz said, Farmhouse is well positioned to both help its industry to scale by solving critical supply chain problems via our properties & to scale our own business for our Shareholders. New opportunities align well with our platform and software since we are focused on the supply chain, compliance, transparency and other kinds of best practices that will enable the industry to fully express its potential.
About Farmhouse
Farmhouse, Inc. leverages technology to connect the regulated cannabis industry. Its core product is WeedClub, a social network platform that allows its members to digitally network with actual vetted cannabis industry stakeholders. Its platform serves the professional cannabis and hemp industries, such as licensed growers, dispensers, laboratories, distributors, investors, accountants, lawyers, consultants, and others. Since being founded in 2014, the platform has grown to over 5,000 members.
About Evan Horowitz
Evan Horowitz is a tech entrepreneur and operator who successfully built and scaled a digital advertising company before becoming CEO of Farmhouse, Inc.
Forward Looking Statements
Farmhouse cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on Farmhouse's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by Farmhouse that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the fitness of the product for a particular application or market, the expectations of future revenue growth may not be realized, timing of orders and deliveries, ongoing demand for its software products and related services, the impact of global pandemics (including COVID-19) on the demand for its products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Registration Statement on Form S-1 and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Golden Cross
5 years ago
News: WeedClub®, a Division of Farmhouse Inc., Announces Cannabis Networking Event on Oct 15 in SF
Press Release | 10/03/2019
WeedClub®, a Division of Farmhouse Inc., Announces Cannabis Networking Event on Oct 15 in SF
Farmhouse CEO to Deliver Cannabis Fundraising 101, Host VC Lightning Talks and @420 Pitches (Speed Round) on Oct 15 at WeedClub® in the Twitter Building in San Francisco, California.
SAN FRANCISCO, CA, Oct. 3, 2019 -- WeedClub®, A division of Farmhouse Inc., is pleased to invite cannabis and hemp industry stakeholders to its office at Runway in the Twitter Building on October 15 for an evening of growth stage and investor related content.
Event Registration Link:
https://www.eventbrite.com/e/weedclub-presents-fundraising-101-vc-lightning-talks-420-pitch-speed-round-at-runway-tickets-74025958635
The evening will begin with freestyle networking so that the previously fractured cannabis supply chain can be united together, along with other stakeholders such as: Investors, Service Providers, Startups and Growth Stage companies.
After participants have met key influencers during the networking segment of the event, Farmhouse, WeedClub and Extract Co-Founder Evan Horowitz will deliver a live Presentation: Cannabis Fundraising 101.
Then, currently active investors on the WeedClub Platform will deliver from the heart overviews of what they are looking for as they evaluate Founders and Companies.
Evan Horowitz said, All attendees are welcome to ask questions and participate in a deeper conversation as we work together as one industry to solve critical problems. Founders will learn more ways to find investor alignment, and Investors will discover new businesses to add to their portfolios.
To Register for the October 15 2019 WeedClub® Event at Runway in the Twitter Building: WeedClub® Presents: Fundraising 101, VC Lightning Talks, @420 Pitch Speed Round please visit Eventbrite at:
https://www.eventbrite.com/e/weedclub-presents-fundraising-101-vc-lightning-talks-420-pitch-speed-round-at-runway-tickets-74025958635
Interested in Pitching? Submit your company at https://www.weedclub.com/pitch
WeedClub® Friends in High Places! is a Division of public company Farmhouse Inc. $FMHS
Follow us for regular updates at https://twitter.com/420
adijas
5 years ago
Bet Petersen will resign soon as FMHS CEO
On August 6, 2018, there was a change in control of the Company, whereby four controlling stockholders sold (i) an aggregate of 5,484,000 shares of the Company’s common stock, representing approximately 91.4% of the Company’s then outstanding shares; and (ii) a certain outstanding Company issued Promissory Note and accrued interest in the sum of $266,681, for the aggregate cash purchase price of $115,000.00 paid to the sellers. The buyers were G. Reed Petersen and Jeff Holmes. Contemporaneous with the transaction, the current Board of Directors resigned and Mr. Petersen became the new director, President, CEO and Secretary.
On December 12, 2018, we completed discussions with Farmhouse, Inc., a Washington corporation, and executed a triangular merger, whereby the Company acquired Farmhouse as a wholly owned subsidiary. The merger closed on February 1, 2019 and we became engaged in the business of a platform provider to the regulated cannabis industry. We intend to divest our mineral properties.
On January 24, 2019, our Board of Directors appointed Evan Horowitz, Michael Landau and Brian Holmes as new directors, and G. Reed Petersen, our incumbent director, President, CEO and Secretary, tendered his resignation.
https://www.streetinsider.com/SEC+Filings/Form+8-K+WeedClub%2C+Inc.+For%3A+Feb+07/15096241.html
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