Farmhouse Inc. (OTC:FMHS) Stock Takes a Hit: Here is Why
The announcement with regards to a new partnership from a company is almost always worth looking into, and hence, this morning, many investors could be tracking the Farmhouse Inc. (OTC:FMHS) stock. On Thursday, the company announced that it had entered into a partnership with Holovisn for the purpose of bringing its Holivisn 3D display to the legal hemp and cannabis retail industry.
The partnership would enable Farmhouse to capitalize on its connections in the cannabis industry and give the brands the same sort of competitive edge as Fortune 500 companies. The Chief Executive Officer of Farmhouse, Evan Horowitz, noted that the partnership was a demonstration of the company’s commitment to helping hemp and cannabis brands get more attention. The brands need that attention in order to monetize their businesses more. Holovisn would also benefit from the partnership by setting up better connections with the Silicon Valley and West Coast communities.
Farmhouse had been in focus on September 19, when the company announced that it had inked licensing agreements with Raw Genetics and House of Kush. As per the provisions of the agreements, the company would work on the expansion of the Mega Robot Cannabis brand to a number of states in the legal hemp and cannabis markets.
The licensing agreements signed by Farmhouse were also significant since it was going to bring its web3 licensing divisions into play for expanding the Mega Robot Cannabis brand. It was also noted that House of Kush and Raw Genetics would work on the development of top-of-the line hemp and cannabis products under the Mega Robot brand umbrella. At the time, Horowitz noted that the agreements demonstrated that the Web3 licensing division of the company had the necessary scalability. It remains to be seen if the farmhouse stock comes into focus today or not.
