humble+fume Enters Into Cannabis Concentrate Market in Partnership with 48North and Hires Industry Leading CSO

TORONTO, April 11, 2019 /CNW/ - humble+fume is excited to announce that it has entered into a strategic partnership with 48North to launch a wholly owned subsidiary of its company, "Fume Labs."

A turnkey solution, Fume Labs enables the end-to-end production and distribution of cannabis concentrates. Fume Labs will produce cannabis products, specializing in concentrate extraction and refining, formulation and filling, and packaging and distribution.

Humble+fume has hired Talaal Rshaidat as its Chief Science Officer to lead Fume Labs and oversee the production of cannabis concentrates. Mr. Rshaidat has extensive experience in the cannabis industry beginning with Mettrum Health Corp., where he played an instrumental role in increasing operational efficiency and expanding processing capacity. Mr. Rshaidat managed the extraction and product development at three large-scale extraction facilities both in Canada and the United States, most recently with Liberty Health Sciences.

humble+fume will build a state-of-the-art cannabis extraction facility and packaging line, within 48North's fully-licensed cultivation and processing facility ("Good House") in Brantford, ON. Upon completion of the extraction facility, 48North and humble+fume will be able to process over 30,000 kg of cannabis mass annually. This will enable them to supply the market with approximately five million concentrate vaporizers annually.

"After extensive US market research and reports from BDS Analytics, we expect at least 20 percent of cannabis goods to be sold in the form of concentrate vaporizers," said Robert Ritchot CEO of humble+fume. "We plan to leverage our 20 years of knowledge and experience selling hardware and accessories to cannabis retailers and government distributors and apply it to concentrate vaporizers."

"We believe the cannabis industry has evolved to a stage where the demand in the supply chain has shifted towards extraction and manufacturing and our strategic partnership with 48 North puts us in a very powerful position," said Talaal Rshaidat CSO of humble+fume. "With 48North providing Fume Labs high-quality input material, combined with our extraction expertise and robust distribution network, Fume Labs is set to become the 'one-stop-shop' for cannabis concentrates and cannabis products"

About humble+fume

humble+fume is the leading distributor of cannabis accessories in Canada and offers a turnkey solution allowing the end-to-end production and distribution of cannabis concentrate products. humble+fume's customers include 90 percent of cannabis retailers in Canada, multiple Licensed Producers, key government partners; OCS, BCLDB, NBLC, and is the sole accessory partner to NSLC, and PEI Cannabis. humble+fume has a rapidly expanding presence in the United States, operating multiple distribution centers and has national sales capabilities. humble+fume offers the largest selection of grinders, pipes, vaporizers, storage containers, and cleaning solutions. Through humble+fume's comprehensive North American sales and distribution network and 20 years of experience and expertise, humble+fume plans to be the prominent cannabis distribution company in North America.

SOURCE humble+fume

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