HUMBL Inc. (OTC:HMBL) Stock in Focus After Recent Rally

The tech sector has almost always been on the radar of investors due to the outsized gains that it can generate due to the development of world-changing innovations. One of the companies that could well be worth tracking for anybody who is looking for such stocks is HUMBL Inc. (OTC:HMBL).

The technology company has made rapid progress in the past few years, and that pattern has continued in recent times. It may be a good idea to take a look at some of the recent developments and then make up one’s mind about the stock. On August 31, the company came into the news cycle after it announced that it had decided to strategically expand its relationship with Pacific Lion, one of its strategic funding partners. It was a particularly significant development since it showed the level of commitment Pacific Lion had to the future of HUMBL.

In the news release, the company noted that Pacific Lion raised its funding commitment towards HUMBL for the purpose of strengthening the financial position of the company. Additionally, it would also ensure that the company had sufficient working capital ahead of its Reg A offering. The funding commitment was boosted through an amendment to the existing note. It took the funding commitment to as much as $2,000,000 from $800,000.

However, that was not all. There was another announcement that indicated the confidence of Pacific Lion in the prospects of HUMBL as a company. The warrant held by Pacific Lion would be terminated in 18 months if HUMBL could not uplist to a major exchange in that period. The position from Pacific Lion was an expression of confidence in the efforts that had been put in by HUMBL for the purpose of the uplisting.

Pacific Lion played a major role in most of HUMBL’s efforts as a company. For instance, it had made a strategic move to refer the company to supplemental SEC counsel, and that helped with the Reg A process. Additionally, some of the senior executives of HUMBL had also been referred to the New York Stock Exchange. Brian Foote, who is the chief executive officer of the company, stated that Pacific Lion had an important financing partner. He acknowledged that it had also provided strategic and business planning networks that were in line with the company’s objectives.

The company announced on August 24 that it had hired the services of the firm SmallCapVoice.com Inc. (SCV) for the purpose of providing investor relations services and managing its social media-based communities. SCV is based out of Texas and is known for providing companies with better communications services for more effective engagement with shareholders.

It also offers other services like reputation management and more. In the news release, it was noted that SCV was committed to the brand goals of HUMBL as a leading-edge Web 3 platform operator and digital wallet provider. SCV is also known for its directness in its communication style with investors.