Himalaya Tech Stock Price, News & Analysis

Himalaya Technologies, Inc. (OTC: HMLA) announced the cancellation of its equity offering of up to $3.0 million due to unfavorable market conditions. The company has filed to withdraw its SEC Form 1A/A for a Tier 2 Regulation A+ offering, which was originally aimed to fund its Internet and health and wellness ventures. CEO Vik Grover noted that the offering created an adverse impact on the stock rather than facilitating growth. He criticized the current market capitalization, claiming it does not accurately reflect the company's value or the potential of its social network platform, Kanab Club, and its minority stake in GenBio, Inc.. Moving forward, Himalaya intends to explore alternative financing methods, including potential collaborations or mergers.

Himalaya Technologies, Inc. (OTC: HMLA) has announced the acquisition of AWS short form video technology assets and mobile video applications from Cyber Space, LLC for $100,000 in cash and $50,000 in restricted preferred stock. This strategic move aims to enhance Himalaya's Internet business and user-generated content capabilities. To support this initiative, the company has partnered with Chetu, Inc. to develop a new social network called goccha!. This platform will incorporate innovative short form video features and aim to compete in the market currently dominated by established players like TikTok. The development process will leverage existing software code from Himalaya's current social site, Kanab Club, which focuses on the cannabis industry. However, potential risks regarding the success of this venture and financing remain significant.

Himalaya Technologies, Inc. (OTC: HMLA) has updated investors on its cannabis-focused social network, Kanab.Club.
The platform has launched version 1.0, featuring a complete social media network built from scratch. Key developments include an internal chat feature, a friend recommendation engine, and a public posting wall to enhance user engagement. Additionally, the company introduced Kanab Stock Chat, integrating real-time stock data with social media for cannabis investments. The CEO anticipates growth as cannabis mainstream adoption increases. However, the company faces risks related to securing adequate financing for future expansions.

Himalaya Technologies, Inc. (OTC: HMLA) has entered a binding agreement to acquire a training software provider focused on agricultural and food sectors. The Target, with annual revenues in the hundreds of thousands, aims to expand into manufacturing, healthcare, and education markets. The purchase price is up to $280,000 with various payment timelines. CEO Vik Grover emphasizes this acquisition will enhance revenues and synergies with existing investments, particularly in education technology and AgTech.

Himalaya Technologies, Inc. (OTC: HMLA) announced the acceptance of its Form 10-12G A-4 by the SEC, enabling its stock to trade electronically as OTC Pink current. This status allows HMLA to bypass unaudited reporting requirements and become a fully reporting entity. The company holds major stakes in KANAB CORP., GenBio, Inc., and The Agrarian Group LLC, focusing on health and wellness sectors. CEO Vik Grover highlighted the efforts to bring the company current since June 2021 as a step towards leveraging HMLA's vision and expanding its affiliate FOMO CORP. (OTC: FOMC).

Himalaya Technologies, Inc. (OTC: HMLA) has officially launched its cannabis social network, Kanab Club, after months of testing. The platform includes features like an invite engine, messaging, and feeds, with plans for a chat room, blogging, and an e-commerce module by the end of 2022. CEO Vik Grover highlights the increasing cannabis market and remote consumer trends due to the pandemic as strategic advantages.

The company aims to partner with B2C and B2B entities to enhance site functionality and prepare for monetization.

Himalaya Technologies, Inc. (OTC: HMLA) has entered a 19.9% stock purchase agreement with The Agrarian Group LLC (TAG), a provider of digital intelligence software for the food supply chain. The investment aims to optimize food safety and profitability for agricultural operations. TAG's patents focus on enhancing controlled environment agriculture, and the total addressable market is substantial with over 2 million farmers in the U.S. Himalaya will issue 99,686 Series B Preferred shares for 1,242,000 TAG Class A Membership units under this agreement.

Himalaya Technologies (OTC: HMLA) has announced a 19.9% share exchange with GenBio, Inc., focusing on products to enhance immune health, especially during the ongoing pandemic. This collaboration follows a cash investment from Himalaya's parent company, FOMO CORP. The immune booster market is projected to grow over 7% annually, reaching USD $31 billion by 2028. GenBio's proprietary extracts will play a significant role in product formulations. Himalaya plans to fund a new health drink, 'FOMO,' while leveraging GenBio's expertise in anti-inflammatory compounds.

Himalaya Technologies (OTC: HMLA) filed an amended Form 10-12G/A on November 8, 2021, to provide further disclosures as requested by the SEC. The company is now fully audited for the past two years and aims for SEC reporting status by November 26, 2021. Recently, it regained compliance with Nevada regulations and rebranded itself. As part of its growth strategy, Himalaya acquired KANAB CORP. and is pursuing acquisitions in cannabis social networking and health supplements, as well as investment in AgTech utilizing AI. CEO Vik Grover discussed plans for a new ecosystem in health and wellness.