Recent developments include securing a $20 million equity line to support growth and digital asset initiatives, launching cannabis and NFT-related brands, and issuing a convertible promissory note to raise $2 million in capital.

• Farmhouse secured a $20 million equity line with GHS Investments to support growth and digital asset initiatives [N7].
• The company launched the Mega Robot (Mutant Ape Yacht Club #30000) cannabis brand with Bronx Extracts [N8].
• Farmhouse issued a $2 million senior unsecured convertible promissory note to Axiom Holdings Group LLC with a 15% interest rate and automatic conversion features [S12][S13].
• The company maintains limited licensing revenue from intellectual property agreements and continues to evaluate strategic acquisitions and digital asset opportunities [S1].

The company has established a dedicated subsidiary for digital asset strategy and custody, positioning it to participate in emerging digital asset markets with institutional-grade custody solutions. Its strategic equity financing agreements provide capital to support growth and digital asset initiatives. Licensing agreements and brand partnerships in cannabis and NFT sectors offer potential for expansion. The convertible note financing provides additional capital with conversion features that may support equity growth.

Farmhouse currently generates minimal revenue and reports net losses, with liquidity ratios indicating significant current liabilities relative to assets, which may constrain operational flexibility. The digital asset initiatives remain exploratory with no binding agreements or material asset acquisitions to date. The company's reliance on equity financing and convertible notes may lead to dilution. The absence of physical operations and limited operating business lines increase execution risk and uncertainty regarding future revenue generation.

Farmhouse's moat is limited given its current stage as a platform evaluating acquisitions and emerging opportunities without material operating revenues. Its digital asset treasury initiative and licensing of branded content, including NFT and cannabis-related brands, provide some differentiation. However, the company faces challenges related to liquidity and the early stage of its business model, with no significant operating business lines currently generating material revenue.

• Liquidity Risk: The company has a low current ratio (0.04) and cash ratio (0.01) as of March 31, 2026, indicating potential challenges in meeting short-term obligations given current liabilities significantly exceed current assets.
• Execution Risk: Farmhouse's business model is in transition with exploratory digital asset strategies and limited current revenues, increasing uncertainty about successful execution and material revenue generation.
• Dilution Risk: Recent equity financing agreements and convertible promissory notes include provisions that may dilute existing shareholders upon conversion or issuance of new shares.
• Market and Regulatory Risk: The company's involvement in digital assets and cannabis-related brands exposes it to evolving regulatory environments and market volatility that could impact operations and asset values.

• Farmhouse, Inc. is a Nevada corporation operating as a public company platform focused on evaluating strategic acquisitions and emerging opportunities, including digital assets [S1].
• The company operates through wholly owned subsidiaries: Farmhouse Washington, Farmhouse DTLA, Inc., and Farmhouse Treasury LLC (FT) [S1].
• Farmhouse Treasury LLC was organized in September 2025 to support the Anti-Debasement Digital Asset Treasury (DAT) initiative, focusing on digital asset strategy including treasury management and custody solutions aligned with anti-debasement assets like Bitcoin and tokenized/physical gold [S1].
• The company has an enterprise custody account with BitGo for institutional-grade custody of digital assets, including insurance coverage [S1].
• As of the 2025 year-end, no capital was contributed to FT and no digital assets were acquired; FT is a structure for evaluating digital asset strategies with ongoing exploratory discussions but no binding agreements [S1].
• The company maintains intellectual property licensing activities generating limited revenue ($623 in 2025, $4,154 in 2024) from branded content licensing, which is not currently material [S1].
• Farmhouse had two full-time executive officers and several independent contractors as of April 15, 2026 [S1].
• The company does not maintain physical office facilities; personnel work remotely [S1].
• Farmhouse secured a $20 million equity line with GHS Investments in November 2025 to support growth and digital asset initiatives, allowing sales of common stock under specified terms [N7][S11].
• On May 4, 2026, Farmhouse issued a senior unsecured convertible promissory note for $2 million (gross proceeds) to Axiom Holdings Group LLC, bearing 15% interest, maturing in 10 months, with automatic conversion provisions and a conversion price range of $0.15 to $0.50 per share [S12][S13].
• The company reported zero revenue and a net loss of $155,427 for the quarter ended March 31, 2026 [S2].
• As of March 31, 2026, Farmhouse had cash and equivalents of $32,329, current assets of $95,138, and current liabilities of $2,450,587, resulting in a current ratio of 0.04 and a cash ratio of 0.01, indicating liquidity constraints [S2].
• Farmhouse's strategic focus is to identify and complete acquisitions to enhance shareholder value and reposition toward scalable business opportunities, including through its Farmhouse Treasury division [S1].
• The company has launched cannabis-related brands and licensing agreements involving NFT and metaverse entertainment partnerships, including a cannabis brand with Bronx Extracts and licensing agreements with Mutant Ape Yacht Club #30000 [N8][N7][S1].