Nevada public company platform that evaluates strategic acquisitions and emerging opportunities (including a digital asset treasury initiative) and historically engaged in technology development and brand/licensing activities, with limited current licensing revenue and exploratory digital asset activities through its Farmhouse Treasury subsidiary.

# Farmhouse, Inc.

## Core business and strategy
- Nevada corporation operating as a public company platform that evaluates strategic acquisitions and emerging opportunities, including initiatives in digital assets.
- Historically engaged in technology development and brand management. Current revenues are limited and licensing activities have not been material to financial results.
- Strategy focuses on completing acquisitions to enhance long-term shareholder value and repositioning toward scalable opportunities, including development of the Farmhouse Treasury division and ongoing evaluation of additional operating businesses.

## Corporate and subsidiary structure
- Wholly owned subsidiaries:
  - Farmhouse Washington
  - Farmhouse DTLA, Inc.
  - Farmhouse Treasury LLC (FT)
- FT is a wholly owned Nevada LLC, organized September 2025 to support the Anti-Debasement Digital Asset Treasury (DAT) initiative. FT is manager-managed with the Company as sole member; the CEO and CTO serve as managers.
- At formation, FT had no capital contributed and no digital assets acquired. FT is consolidated in the Company’s financial statements and had no impact on the consolidated financial position or results for the year ended December 31, 2025.

## Digital Asset Treasury Initiative (DAT)
- FT oversees the company’s digital asset strategy, including treasury management, custody solutions, and capital allocation aligned with an anti-debasement framework (for example, Bitcoin, tokenized and physical gold).
- Governance, reporting, and compliance standards are maintained consistent with public company requirements.
- BitGo provides institutional custody with insurance coverage; FT maintains an enterprise custody account with BitGo.
- BitGo has applied for a national trust bank charter with the OCC; charter status was not finalized as of the report date.
- As of the report date, FT had engaged in preliminary discussions with potential counterparties (cryptocurrency financing and investment platforms) regarding possible structures. No binding agreements or definitive plans existed at that time.

## Licensing activities
- Engages in intellectual property and branded content licensing.
- Licensing revenues have been limited and have not been material to the Company’s financial condition or results of operations. Opportunities for expansion exist but are not guaranteed.

## Revenue data (ASC 606)
- Revenue is recognized when licensee sales occur (sales-based royalty exception).
- 2025 licensing revenue: $623
- 2024 licensing revenue: $4,154

## Employees and contractors
- As of April 15, 2026, the Company had two full-time executive officers.
- The Company engages several independent contractors, including the Chief Financial Officer.

## Properties
- No physical office facilities; operations are conducted remotely.
- Mailing address: 548 Market Street, Suite 90355, San Francisco, CA 94104
- Telephone: (888) 420-6856

## Emerging Growth Company and accounting
- Classified as an emerging growth company.
- Elected not to delay the adoption of new accounting standards.

## Additional notes
- The company’s Description of Property and related sections reiterate points about licensing and the digital asset initiative, and emphasize that current licensing activities are not material and FT’s digital asset activities are exploratory and not binding at this time.
- The document states there are no disclosed unresolved staff comments and no legal proceedings.

Farmhouse, Inc. is a nascent company transitioning from a Web3 technology firm to a casual lifestyle brand holding company, actively pursuing acquisitions in the food and beverage industry.

# Company Summary: Farmhouse, Inc.

### Business Focus
- **Current Focus:** Transitioning from a Web3 and technology development company to a **casual lifestyle brand holding company**.
- **Previously:** Engaged in Web3 licensing initiatives focused on NFT art licenses for cannabis and hemp products; these initiatives have been discontinued.
- **Strategic Plans:** Actively pursuing acquisitions in the food and beverage industry, including a proposed purchase of Ledgewood Holdings, LLC and a non-binding agreement to acquire Thrown, LLC—a beverage company known for its product "Good Game" by T-Pain, a nootropic esports beverage.

### Operations and Properties
- **Employees:** 2 full-time executive officers and several independent contractors (including a Chief Financial Officer).
- **Work Environment:** All personnel work remotely.
- **Facilities:** Operates virtually with mailing address at 548 Market Street, Suite 90355, San Francisco, CA 94104.
- **Intellectual Property:** Holds trademarks, domain names, and a social media account (@420 Twitter handle); however, these are not central to current operations due to ongoing diversification.

### Revenue and Financials
- **Revenue:** 
  - For the year ended December 31, 2024: **$4,154**.
  - For the year ended December 31, 2023: **$15,227**.
  - Revenue is primarily from **NFT licensing agreements** related to cannabis and hemp product branding.
  - Discontinued revenue stream: NFT licensing; no future revenue expected from it.

- **Expenses & Losses:**
  - Operating expenses for 2024: **$410,668**.
  - Operating expenses for 2023: **$517,843**.
  - Net loss for 2024: **$464,343**.
  - Net loss for 2023: **$560,789**.
  - Operating expenses decreased primarily due to lower stock-based compensation and consulting fees.

### Market and Shareholder Data
- **Stock Trading:** Listed on OTCQB under the symbol "FMHS."
- **Stock Price (as of June 20, 2025):** Ranged from $0.0002 to $0.0149.
- **Shares Outstanding:** 17,925,950 shares as of June 20, 2025.
- **Market Capitalization (most recent estimate):** Approximately **$1,979** (based on $.0002 share price).
- **Shareholders:** 140 record holders.
- **Ownership:** Officers and directors hold about **45.7%** of the shares outstanding.

### Notable Recent Activities
- **Share Exchange Agreement:** Entered into a tentative deal to acquire Thrown, LLC, representing approx. 25% of outstanding shares upon closing—transaction not yet finalized.
- **Proposed Acquisition of Ledgewood Holdings:** Non-binding agreement to acquire a multi-franchise operator with ~$31 million annual revenue (structure involves issuing up to 31 million shares with performance-based vesting). The final deal is pending due diligence and board approval.
- **Funding:** Raised capital through private placements, convertible notes, and related party loans. Additional financing efforts are ongoing with a focus on future acquisitions and operational needs.
- **Working Capital & Liquidity:** 
  - Cash on hand as of December 31, 2024: **$413**.
  - Working capital deficit as of December 31, 2024: **$2,334,745**.
  - Limited access to capital and ongoing efforts to secure new funding; substantial doubt exists about the company's ability to continue as a going concern.

### Summary
Farmhouse, Inc. is a nascent company primarily engaged in strategic acquisitions within the casual food and beverage industry, with an initial focus on licensed NFTs related to cannabis and hemp. The company has minimal current revenue, consistent net losses, and limited liquidity, reliant on private financing and potential future acquisitions to sustain and grow its operations.

Farmhouse, Inc. is a holding company focused on the legal cannabis industry, connecting professionals and brands through technology and trusted branding.

# Farmhouse, Inc.

## Corporate history
- Founded in June 2013, the company underwent several name and domicile changes before settling in Nevada and adopting the Farmhouse, Inc. name in June 2019.
- Acquired a subsidiary, Farmhouse, Inc. (Washington), in August 2019.

## Business model
Farmhouse operates as a holding company focused on the legal cannabis industry. The company connects cannabis professionals and brands across multiple divisions through technology and established branding.

## Divisions
1. **@420 Brand**
   - Consumer-facing brand with a social media presence, primarily on Twitter, with over 100,000 followers.
   - Engages in advocacy and marketing within the cannabis community.

2. **WeedClub® Platform**
   - Social networking platform for cannabis professionals, with over 5,000 active members.
   - Facilitates industry connections and exchanges.

3. **Web3 Division (Farmhouse Vault)**
   - Launched in December 2021 to connect cannabis companies with licensing opportunities in digital collectibles.
   - Has formed partnerships with NFT brands such as Bored Ape Yacht Club and CryptoPunks.

## Customer base
- Network of more than 110,000 cannabis industry participants, including social media followers and registered users for live events.

## Employees
- As of July 10, 2024, the company has three full-time employees and engages independent contractors as needed.

## Financial performance (year ended December 31, 2023)
- Total revenue: $15,227 (up from $10,261 in 2022)
  - Subscription fees: $0 in 2023 (prior year: $149)
  - License revenues: $15,227 in 2023 (up from $10,112 in 2022)
- Costs associated with licensing revenues: $6,930 in 2023 (compared to $3,806 in 2022)
- Net loss: $560,789 in 2023 (compared with a loss of $442,782 in 2022)
- Accumulated deficit at year-end 2023: $6,305,488

## Challenges
- The company is an "emerging growth company," which affects its financial disclosure requirements.
- Management's discussion and analysis states there are concerns about the company's ability to continue as a going concern due to historical losses and reliance on external financing.

## Key statistics
- Revenue (2023): $15,227  
- Net Loss (2023): $560,789  
- Accumulated Deficit: $6,305,488  
- Active Members in WeedClub: 5,000+  
- Customer Network: 110,000+  
- Employees: 3 full-time

Farmhouse continues to adapt to the evolving cannabis market while working to build connections and expand its reach in the technology-driven cannabis sector.

FARMHOUSE, INC. /NV

10-K / April 17, 2026

10-K / June 23, 2025

10-K / July 11, 2024

10-K / April 17, 2026

Farmhouse, Inc.

Core business and strategy

Corporate and subsidiary structure

Digital Asset Treasury Initiative (DAT)

Licensing activities

Revenue data (ASC 606)

Employees and contractors

Properties

Emerging Growth Company and accounting

Additional notes