HUMBL Inc. (OTC:HMBL) Stock In Focus After Latest Update
The technology sector has always been on the radars of a large number of investors, and if you are currently looking into options from among tech stocks, then it could be a good time to take a greater interest in HUMBL Inc. (OTC:HMBL). On September 28, the company entered the news cycle after it announced that it had launched its HUMBL Pro+ subscription service.
The subscription service would offer the subscribers a wide range of benefits that would help them make the move to Web3 from Web2. That would be enabled through the deployment of digital wallets, search, verified profiles, monetization tools, and advertising. The company would offer HUMBL Pro in the form of a base subscription plan; however, the HUMBL Pro+ subscription would constitute a step up. It could be a good idea for investors to consider taking a look into some of the offerings in the new subscription plan.
Some of the offerings include early access to new features, priority customer support, a user-customizable pro page, social media post-editing, special batches and giveaways, unlimited artificial intelligence chat services, and discounts on advertising services, among others. The subscription service would be made available for the introductory price of $7.99 a month and would be billed on a yearly basis.
For instance, the subscription would allow the users to tailor the way that they would appear in the search results on the HUMBL platform. The Chief Executive Officer of the company, Brian Foote, spoke about the latest launch as well. He noted that the presence of both Web2 and Big Tech had led to the problem of fake profiles, fake reviews, ratings, and advertising, which led to a trust deficit between brands and users. The HUMBL Pro+ would provide the worldwide customers of the company with a solution to the problem by providing verified profiles.
The company had also been in the news cycle on August 31 when it made a key announcement about the expansion of its relationship with Pacific Lion, its strategic funding partner. The expansion of the relationship was also an indication of Pacific Lion’s commitment to the continued growth of the company. By way of this move, Pacific Lion would help strengthen HUMBL’s financial position and provide it with sufficient working capital ahead of its Reg A offering.
Pacific Lion raised its funding commitment to the company by amending its existing note. Consequently, the potential funding amount went up to a total of $2,000,000 from $800,000. Additionally, it was also revealed in the news release that the Pacific Lion warrant would be terminated in an 18-month period if the company failed to get uplisted on a major exchange in that time period. That stipulation was a further indication of the confidence placed by Pacific Lion in the prospects of the company. Pacific Lion has played a major role in supporting the company in its many endeavors and has provided strategic support to HUMBL in a number of ways.
