The Story of Tesoro Enterprises, Inc. (OTCMKTS: TSNP) HUMBL Merger


Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is the penny stock runner that has established itself as the biggest mover and shaker in small caps making spectacular gains over the past few months from well under a penny to highs of $0.3599.

A reverse merger play managed by RM Whiz George Sharp, TSNP has been coming back strong since its all-time highs reached in early December, recently surpassing $0.20 again and averaging over $10 million in dollar volume per day. TSNP is acting like there is another leg coming as it moves steadily towards its December highs.

Tesoro Enterprises, Inc. (OTCMKTS: TSNP) has merged with HUMBL, LLC and will soon be renamed HUMBL, Inc. The mission of HUMBL and HUMBL Hubs is to deliver high quality, low cost digital payments and financial services. The HUMBL network was designed to support vertical markets such as government, banking, wireless and merchants in locations like Latin America, Caribbean, Asia and Africa who are seeking to migrate to digital payment and financial technologies, to help reduce costs and improve settlement speeds for customers.

The mission of HUMBL, Inc. is to deliver more seamless digital pairing experiences for consumers and merchants in the global economy. The HUMBL platform includes the HUMBL® Mobile App, HUMBL Hubs™ Merchant Software and the HUMBL Marketplace. The HUMBL® Mobile App delivers more seamless global transactions, by integrating multiple currencies, payment methods and financial services into one-click for the customer, beyond primarily US only mobile wallet providers such as Zelle® and Venmo®.

The HUMBL Hubs™ merchant software and point-of-sale (POS) pairs customers and merchants together to use contactless payment technologies, helping merchants in majority cash economies to do things like accept debit cards, credit cards and USD stablecoins from HUMBL® mobile wallet users. The HUMBL Marketplace will connect customers and merchants online in improved global commerce, via merchant shops, deal listings, affiliate programs and HUMBL Pay web checkout integrations.

On December 17 Tesoro soon to be renamed HUMBL, Inc., announced the pilot launch of HUMBL Studios, which will give global small business merchants the opportunity to better connect their goods to online shoppers via curated shops on the HUMBL Marketplace.

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HUMBL was built to better pair customers and merchants in the digital economy. HUMBL will accomplish this through the HUMBL® mobile application for cash-intensive regions; as well as through its HUMBL Marketplace, which connects merchants to online global markets.

HUMBL Studios will allow global merchants in areas such as art, clothing, jewelry, fashion, soft goods and other merchandise, with the opportunity to create authentic online shops within the HUMBL Marketplace, as well as save up to 50% on listing fees versus other online shopping portals. HUMBL Studios will also serve as a platform for the development of HUMBL Pay web modules, faster checkout integrations, merchant affiliate and marketing programs for small business.

Jennifer Edgerton, VP of Omni-Channel at HUMBL stated: “HUMBL Studios was created out of the consumers’ desire for inclusive and authentic experiences through a convenient online platform with global merchants. We want to connect small businesses from around the world and bring them into everyone’s homes. The global merchants who will be using our HUMBL® Mobile App in their stores, were also looking to connect their offerings to the broader online global markets, which is the HUMBL Marketplace,” explained Karen Garcia, VP of Major Accounts at HUMBL.

TSNP is acting as if there is another leg coming as the stock moves steadily towards $0.3599, a break over and its blue skies ahead. TSNP started moving in November after Tesoro first reported its intention to merge with HUMBLE, a fintech and payment provider recently named a Forbes “Rising Startups to Watch” in June 2020 and managed by top executive from Money Gram and WU. The CEO Brian Foote is a financial whiz who has decreased the share count by 860 million in recent months and reported his intention to up-list the stock to OTQCB and become a fully reporting sec filer.

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