- CEO
- Jakob Ripshtein CPA
- Full Time Employees
- 140
- Sector
- Consumer Defensive
- Industry
- Tobacco
- Address
- 77 King Street West Toronto ON Canada M5K1G8
- IPO Date
- Aug 31, 2021
- Business
- Humble & Fume Inc. is a leading North American distributor specializing in cannabis and cannabis accessories, serving retailers, licensed producers, multi-state operators, and consumers. The company offers a comprehensive product portfolio including hand pipes (glass, metal, silicone, wood, ceramic, clay, crystal, novelty), vapor straws, rolling papers, pre-rolls, blunt wraps, rolling machines, lighters (electronic, torches), hemp wick, ashtrays, hookahs, humidity control products, storage boxes, cleaning tools, lifestyle products, edible creations, bath and body items, fashion accessories, and various cannabis-related gear. Humble & Fume provides a fully integrated distribution solution, including sales, distribution, and trade market support, servicing over 3,000 clients across North America with rapid distribution capabilities covering 90% of customers within 48 hours. Founded in 2006 and headquartered in Toronto, Canada, the company operates extensively in Canada and the United States, including a significant presence in California.
In recent developments, Humble & Fume has formed strategic partnerships and joint ventures, notably with Green Acre Capital Distribution Corp., which increased its ownership stake in HC Solutions Holdings Inc., a cannabis distribution joint venture focused on the United States market, especially California. This partnership aims to accelerate Humble & Fume's expansion efforts in the U.S. cannabis distribution sector. Additionally, the company has launched the FUME brand of cannabis extracts targeting high-frequency, discerning cannabis users. Operationally, Humble & Fume has undergone leadership changes with new appointments to strengthen U.S. distribution capabilities and has experienced significant revenue growth, particularly a 177% quarter-over-quarter increase in Q2 2023 in its California operations. In early 2024, Humble & Fume and its subsidiaries entered into restructuring proceedings under the Companies' Creditors Arrangement Act (CCAA) in Canada with court approval of restructuring plans to support ongoing business stability.
Humble & Fume's industry focus is on cannabis distribution and accessories, targeting retail and licensed producer markets with a customer-centric approach. The company maintains robust operational infrastructure and notable partnerships to enhance its market coverage and financial performance across North American cannabis markets. It continues expanding product offerings and strategic alliances to sustain growth amid evolving regulatory and market conditions in the cannabis industry. Humble & Fume trades on the Canadian Securities Exchange (CSE: HMBL) and OTCQX (HUMBF) [web: