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Sunday, September 25, 2022

Humbl Inc (OTCMKTS: HMBL) Big Reversal Underway as Payments Pioneer Goes Northbound & Grows Through Acquisitions

Humbl Inc (OTCMKTS: HMBL) has seen a significant reversal in recent trading since a brief dip below $0.11 HMBL has picked up steam and is moving northbound with power. Currently under heavy accumulation HMBL looks cheap for a stock that was the biggest runner of 2020 skyrocketing from sub pennies starting as TSNP and running to multi dollars as HMBL at one point achieving a market cap of $1 billion dollars plus hitting highs of $7.72 post-split. HMBL has a massive following of investors behind and a major international following. As we have reported many times, HMBL is made up of team members from Company’s like Moneygram, Visa, Microsoft, Western Union American Express, Epson, Qualcomm and Facebook and was named a Forbes “Rising Startups to Watch” in June 2020. The Company has a powerful management team behind it led by CEO Brian Foote. Recently they brought back stock whizz George Sharp as Capital Markets Advisor who is shepherding HUMBL through the application process to the NASDAQ Stock Market since recently achieving OTCQB tier.  

HMBL has seen significant growth through acquisition completing the purchase of Tickeri, Inc., a leading Latin-focused ticketing platform, Ixaya Business SA de CV, a Mexico-based firm developing software and IT solutions, Monster Creative, LLC; a Hollywood production studio that specializes in producing movie trailers that recently won two awards at the 2021 Clio Awards, as well as the mobile identification, verifiable credentials and blockchain tokenization platform of BizSecure, and its employee and consulting resources. HMBL most recent acquisition Ixaya customers include Hitachi, Mazda, Grupo Innova, PyLC, Point Capital, US México Chamber of Commerce, El Corte Ingles, H Ayuntamiento Guanajuato, Pago Gas, Botas Caborca, Quick Food & More, Centro Fox, Mexico Business Events, Kasai, Moriroku, Banco Mercantil del Norte, Cluster Industrial, Gobierno del Estado Guanajuato and Shell México. HMBL has been working with Nick Carter; the Grammy-nominated artist who has sold over 130 million records as both a solo artist and as a member of the Backstreet Boys. Nick Carter will be releasing a new EP and NFT collection on blockchain. Carter will be working with HUMBL to implement the program. 

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Humbl Inc (OTCMKTS: HMBL) is a new, Web 3 platform being developed to seamlessly connect consumers and merchants in the digital economy, across its HUMBL Mobile Applications, HUMBL Marketplace and HUMBL Financial divisions. HUMBL Mobile Applications will deliver more seamless global transactions, by integrating multiple currencies, payment methods and financial services into reduced clicks for the customer. HUMBL Marketplace was developed to connect customers and merchants online, in improved global commerce, deal discovery and blockchain tokenization programs. HUMBL Financial has developed new software and algorithms for the digital asset trading markets, which are a new global market for blockchain technologies, and will also offer other credit, lending and financial services. HMBL went public via a reverse merger with TSNP the biggest runner of 2020 before changing its name to HUMBL. 

The Company has seen significant growth through acquisition completing the purchase of Tickeri, Inc., a leading Latin-focused ticketing platform and Ixaya Business SA de CV, a Mexico-based firm developing software and IT solutions, Monster Creative, LLC; a Hollywood production studio that specializes in producing movie trailers that recently won two awards at the 2021 Clio Awards, as well as one nomination as well as the mobile identification, verifiable credentials and blockchain tokenization platform of BizSecure, as well as its employee and consulting resources.  

Tickeri has seen great enthusiasm for live events in 2021, with growth in recent months already surpassing pre-covid numbers. “The momentum and bounce back we’ve seen recently have been impressive, and we’re super excited to continue expanding the Latin music market in the United States and abroad,” said Juan Luis Gonzalez, CEO of Tickeri. Tickeri is a ticketing and SaaS platform that features Latin events and artists within the United States, Latin America, and the Caribbean corridor. Tickeri is one of the only event ticketing companies to focus on the Latin market, offering advanced features such as real time reporting, analytics, box office tools, and a marketing platform with over 5,000 locations and operators. 

Recently HMBL completed the acquisition of Ixaya Business SA de CV, a Mexico-based firm with over 15 years of experience in developing software and IT solutions for the automotive, banking, payments, financial services, oil and gas, real estate, and cybersecurity sectors. With this acquisition, HUMBL obtains direct access to more than thirty-five (35) Ixaya technology team members specializing in product design, front-end engineering, back-end engineering, dev ops and blockchain development.  

Ixaya will continue to operate as a standalone business and service its existing clients in Latin America. The company will also prioritize its work with the HUMBL consumer division and HUMBL Blockchain Services commercial division to drive mutual expansion in North America and Latin America. Current Ixaya customers include Hitachi, Mazda, Grupo Innova, PyLC, Point Capital, US México Chamber of Commerce, El Corte Ingles, H Ayuntamiento Guanajuato, Pago Gas, Botas Caborca, Quick Food & More, Centro Fox, Mexico Business Events, Kasai, Moriroku, Banco Mercantil del Norte, Cluster Industrial, Gobierno del Estado Guanajuato and Shell México. 

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As part of the transaction, HUMBL also acquired several ready-built Latin America software offerings that can be selectively rebranded and marketed under the HUMBL family of products. These software products include: yo Pago, Cook + Serve, Atenda, and PetroControl. Ixaya Business SA de CV is a Mexico-based firm with over 15 years of experience in developing software and IT solutions for the automotive, banking, payments, financial services, oil and gas, real estate, and cybersecurity sectors.  

The Company also recently launched the Latin America Blockchain Accelerator (LABS) in Santiago, Chile, the CEO of HMBL Brian Foote, announced that it has launched “Project: Search 3.” The initiative will result in the production of “Search 3,” one of the world’s first modular, blockchain-based Web 3 search engines. The company announced that it is already well underway on the building of the technology, which is expected to ship to the global markets sometime in the first half of calendar year 2022. In addition to delivering traditional Web 2 search functionality such as web, videos, images and news, “Search 3” will also deliver cross-chain NFT search functionality across blockchain projects such as Ethereum, Solana, Gnosis, Polygon and BLOCKS. The search engine will also make available “Verified by BLOCKS” technology, an additional layer of metadata, storage and authentication that can be applied to both physical supply chain and digital objects, such as NFTs. 

On April 1 HMBL reported it has reduced its debt balance by exchanging promissory notes for common stock. On March 28, 2022, HUMBL entered into exchange agreements with various noteholders. Pursuant to such agreements, HUMBL exchanged promissory notes representing $3,176,804.61 in outstanding debt obligations for 37,374,172 shares of common stock.  In addition to the note exchange, on March 30, 2022, HUMBL received a $1,500,000 investment from Sartorii, LLC. In exchange for the investment, HUMBL issued a promissory note to Sartorii in the original principal amount of $1,500,000. The note bears interest at 4% per year and is due 36 months from the issuance date. Satorii has the right to accelerate the note and increase the rate of interest to 8% upon the occurrence of an event of default. The company currently sits at an updated cash position of $5,000,000 as a result. 

https://twitter.com/TheYachtBoyz/status/1513262200852340741

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Currently HMBL has 1,411,125,639 shares outstanding, 348,160,860 of which are restricted leaving 1,062,964,779 free trading shares. HMBL does have $3.5 million in the treasury and according to their unaudited financial statements the Company did $2,503,388 in revenues during 2021. The big name behind HMBL is stock whizz George Sharp who was instrumental in the huge sucess of TSNP stock price as well as getting HMBL to OTCQB and looking for a NASDAQ listing. HMBL is an exciting story in small caps; management is made up of team members from Company’s like Moneygram, Visa, Microsoft, Western Union American Express, Epson, Qualcomm and Facebook and was named a Forbes “Rising Startups to Watch” in June 2020. HMBL has seen significant growth through acquisition completing the purchase of Tickeri, Inc., a leading Latin-focused ticketing platform, Ixaya Business SA de CV, a Mexico-based firm developing software and IT solutions, Monster Creative, LLC; a Hollywood production studio that specializes in producing movie trailers that recently won two awards at the 2021 Clio Awards, as well as the mobile identification, verifiable credentials and blockchain tokenization platform of BizSecure, and its employee and consulting resources. Currently under heavy accumulation HMBL has a massive following of international investors, at current levels, it’s got liquidity, momentum and a massive gap to fill from previous levels. Microcapdaily was first on the scene when TSNP started running reporting on the stock on November 15, 2020 when the stock was around $0.003. We will be updating on HMBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HMBL.

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Disclosure: we hold no position in HMBL either long or short and we have not been compensated for this article.

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3 COMMENTS

  1. Wonder article describing Humbl and the growth thus far of the company! I’m a huge supporter of Humbl and excited to see to what’s in store for the future. Go Humbl!

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