It’s possible, but it doesn’t mean it’s the best choice.
There will likely be a lot of stipulations involved with licensing a “patent pending” product. You have to ask yourself what the real benefit is for licensing your product now rather than waiting until you have a full fledged patent.
Your best bet is to run this question by a patent attorney.
You may be interested inMy company offers this service at a low flat-rate (typically $25). You can ask one of our attorneys a situation-specific question and they will respond with a customized answer within 48 hours. Hope to hear from you!