HUMBL Inc (HMBL)

[JPS02]

HUMBL has entered into a binding term sheet with three affiliated entities – BLOCK 30 Financial, BLOCK 30 Marketplace and BLOCK 30 Pay – for the purchase of the intellectual property of these three entities.

As a team, we decided it made more sense to consolidate all operations and intellectual property in HUMBL rather than have HUMBL license the technology from these entities.

To accomplish that goal, HUMBL has entered into a binding term sheet with the three other entities to purchase all of their patents, trademarks, software and other intellectual property in exchange for HUMBL common stock.

We hope that bringing the intellectual property under the HUMBL umbrella will allow HUMBL shareholders to capture the full value of these technologies as the business
grows. This includes the filing of an international patent that will also be transferred over as well. We remain on the lookout for additional mergers and acquisitions in all business categories.





Source - HUMBL Shareholder Letter - January 22, 2021: https://www.humblpay.com/investors/investor-call

Go TSNP/HMBL!