If You Invested in Farmhouse (FMHS)

Farmhouse, Inc. (FMHS) is a Nevada corporation that describes itself in its SEC registration statement as a development-stage digital asset and lifestyle holding company. Its common stock trades on the OTC market under the symbol FMHS. The company has historically focused on brand licensing and bringing products to market in partnership with intellectual property holders, and has evolved its strategy to include digital asset treasury activities and consumer brands.

Business model and strategic focus

According to its Form S-1 registration statement, Farmhouse operates as a development-stage holding company. Historically, its operations centered on brand licensing and collaborating with intellectual property holders to bring products to market. This included cannabis-related brands and web3 initiatives that connect digital collectibles with physical products.

The S-1 states that since 2024 Farmhouse has expanded its operations to include a Digital Asset Treasury (DAT) model. Through this model, the company seeks to hold and manage Bitcoin and other digital assets as long-term treasury reserves and to identify investment and acquisition targets within the blockchain and financial technology ecosystems. To support this, Farmhouse formed Farmhouse Treasury LLC, a wholly owned Nevada limited liability company responsible for digital asset treasury management.

Farmhouse’s stated strategy in the S-1 is to build shareholder value by holding Bitcoin and Gold as long-term treasury reserves, using its public company platform to acquire profitable digital and financial technology businesses, and creating a brand ecosystem that links digital asset ownership with lifestyle and consumer brands.

Digital asset treasury activities

In its prospectus summary, Farmhouse explains that its Digital Asset Treasury model is intended to hold and manage Bitcoin and other digital assets as long-term reserves. The company indicates that Farmhouse Treasury LLC will utilize institutional-grade custody arrangements, including insurance, to manage risks associated with self-custody of digital assets. The company describes a strategy that combines Bitcoin and Gold as scarce assets held within its treasury structure.

The S-1 also notes that Farmhouse intends to use proceeds from its equity financing arrangements for working capital and investment in digital assets consistent with this DAT strategy. The company characterizes itself as an emerging growth company and a smaller reporting company under SEC rules.

Brand licensing, NFTs, and cannabis-related initiatives

Farmhouse’s news releases describe a history of activities at the intersection of cannabis brands, intellectual property, and web3 communities. The company has announced multiple licensing and partnership arrangements that connect non-fungible token (NFT) projects with cannabis brands and retail channels.

In 2022, Farmhouse announced a licensing agreement for Mutant Ape Yacht Club (MAYC) #30000, known as “Mega Robot,” as the face of a new web3-enabled brand launching in the cannabis industry. The company stated that this licensing agreement was part of its planned growth strategy into web3 by connecting its network of cannabis brands to NFT communities, including Bored Ape Yacht Club, Mutant Ape Yacht Club, CryptoPunks, Meebits, CrypToadz, and Doodles.

Farmhouse later announced the launch of the Mega Robot cannabis brand in partnership with Bronx Extracts, describing Mega Robot as part of its planned expansion into web3 by aligning cannabis brands with digital collectible IP holders. The company reported that Mega Robot cannabis products were available through several California retail and delivery locations.

Additional news releases describe a joint venture and partnership with Ape-In Productions and Urbana to feature Bored Ape Yacht Club #2186, “Oro Blanco,” as the face of a cannabis brand and as a strain featured in San Francisco dispensaries. Farmhouse characterized these efforts as part of an expansion strategy that merges cannabis brands with NFT culture and web3 communities.

NFT division and intellectual property assets

In a 2021 news release, Farmhouse announced the launch of its NFT division, stating that it leverages the company’s established @420 Twitter account to connect the cannabis and NFT industries through artist partnerships, NFT licensing, and generative projects. The company highlighted collaborations with NFT artists and the deployment of smart contracts and online communities related to cannabis brands and NFTs.

Farmhouse also announced that it obtained the trademark for “@420” from the United States Patent and Trademark Office. The company described @420 as a branded channel that connects the cannabis industry through online communication and events, and noted that the @420 Twitter handle had grown to a large follower base, which it views as a key asset.

In a later press release, Farmhouse stated that it holds a portfolio of intellectual property assets, including domains and assorted trademarks, and that it is focused on strategic acquisitions to leverage its public company platform. The company also refers to a Farmhouse Vault division that leverages intellectual property to launch branded physical products through licensing agreements.

Consumer products and beverage initiatives

Farmhouse has disclosed plans to expand into consumer products, including beverages. In a 2024 press release, the company announced a definitive agreement to acquire Thrown, LLC, the company behind Nappy Boy Dranks, a functional beverage brand founded by T-Pain. Farmhouse described itself in that release as a public company focused on integrating technology, intellectual property, and consumer products, including beverages, and noted that it was expanding into the beverage industry through the planned acquisition of Thrown.

Under the terms described in the press release, Farmhouse agreed to acquire all membership interests of Thrown in exchange for a portion of Farmhouse’s total issued shares post-closing, with Thrown’s management team continuing to operate under Farmhouse’s ownership and performance incentives tied to an earn-out agreement. The agreement was subject to financing and other closing conditions.

Financing and capital structure

Farmhouse’s Form S-1 and related Form 8-K filings describe several financing arrangements. The S-1 notes that during 2025 the company issued a series of convertible promissory notes to accredited investors, and that these notes bear interest and mature within a defined period. These securities were not included in the registration statement.

On November 5, 2025, Farmhouse entered into a Common Stock Purchase Agreement with GHS Investments, LLC, as disclosed in its Form 8-K. This Equity Financing Agreement provides Farmhouse with the right, but not the obligation, to direct GHS to purchase up to an aggregate of $20,000,000 of Farmhouse common stock over a 24-month period following the effectiveness of a registration statement on Form S-1. The agreement specifies minimum and maximum draw amounts, pricing formulas based on market price, a beneficial ownership limitation for GHS, and a prohibition on short sales by GHS during the term.

As consideration for establishing the facility, Farmhouse issued 500,000 restricted shares of common stock to GHS. The company stated that it intends to use proceeds from the Equity Line for growth initiatives, digital asset activities, general corporate and working capital purposes, and potential acquisitions. The S-1 prospectus relates to the resale of shares issued or issuable under this agreement.

Corporate history and regulatory status

Farmhouse, Inc. was incorporated in Nevada in 2014, according to its S-1 prospectus summary. The company has described itself in past news releases as a technology company with multiple cannabis-related divisions and intellectual property. In 2021, Farmhouse announced that it had uplisted from the OTC Pink Sheets to the OTCQB Venture Market, noting that this market is for early-stage and developing companies that are current in their reporting and undergo annual verification and management certification.

The company’s SEC filings identify it as a smaller reporting company and an emerging growth company. The S-1 includes risk factor disclosures stating that Farmhouse has generated limited revenues, incurred recurring net losses since inception, and has a working capital deficit and accumulated deficit, with its auditors expressing substantial doubt about its ability to continue as a going concern.

Key themes for investors and observers

Based on its SEC filings and public announcements, Farmhouse combines several themes: a development-stage digital asset treasury strategy focused on Bitcoin and other digital assets; a portfolio of intellectual property, including trademarks and domains; brand licensing and partnerships that connect cannabis brands with NFT and web3 communities; and planned expansion into consumer products such as functional beverages.

Its regulatory filings provide detail on its capital-raising structures, including convertible note financings and the Equity Financing Agreement with GHS Investments. Risk disclosures emphasize the early-stage nature of the business, historical losses, and dependence on additional capital. For those researching FMHS stock, the company’s documents provide insight into how it seeks to link digital assets, lifestyle brands, and public company access to capital.