On May 7, Humbl entered into a binding term sheet to acquire creative advertising company Monster Creative. The deal would cost $7.5 million in HMBL common stock, $500,000 in cash, and a $500,000 promissory note.
On April 16, Humbl launched the Humbl Pay mobile application, which would compete with PayPal. In addition to allowing payments, the Humbl Pay app will allow users to tip, review, and rate merchants.
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