High Hampton Holdings Corp. (OTC Pink: HHPHF) (CSE: HC) (FSE: 0HCN) is an investment company with a primary focus on the cannabis market in California. Shares 35.03% through early trading on Thursday, January 10, 2019. Over the past month, High Hampton has seen an average daily volume of 24,300 shares. However, through Thursday morning, already 114,500 shares have traded hands, equating to $30,150 in dollar volume.
Shares surged Thursday morning after High Hampton announced its wholly-owned subsidiary 420 Realty LLC has received the required licenses for its cannabis operation in Cudahy, California. 420 Realty was approved for a total of six licenses covering the growing, cultivation, and distribution of cannabis. With the state’s approval, the facility that will house 420 Realty’s operation is now in the process of being developed. Gary Latham, CEO of High Hampton, commented, “With the development agreement and temporary licenses in hand, we can begin development of the facility in Cudahy, which is a central part of High Hampton’s strategy to serve the lucrative Southern California market.” Here is the full press release detailing 420 Realty’s cannabis operation and recently acquired licenses:
High Hampton Holdings Corp. Press Release:
TORONTO, Jan. 10, 2019 /CNW/ – High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) (“High Hampton” or the “Company”) is pleased to announce that its wholly owned subsidiary 420 Realty LLC (“420 Realty”) has received six California State cannabis licenses to operate at its facility located in the City of Cudahy.
On December 9, 2018, the City of Cudahy officially executed the Development Agreement (DA) with 420 Realty which granted full local authority to develop the property and conduct cannabis business operations under the conditions set forth in the development agreement. Shortly thereafter, 420 Realty submitted six applications to the State for temporary licensing. All six applications were approved by the State for operations in the following categories:
2. cultivation processing
4. non-storefront retail
5. Type 7 manufacturing
“With the development agreement and temporary licenses in hand, we can begin development of the facility in Cudahy, which is a central part of High Hampton’s strategy to serve the lucrative Southern California market”, said High Hampton CEO Gary Latham. “Demolition work is set to commence shortly, followed by the facility improvements that will provide a first class home to the growing portfolio of our operations, from manufacturing to infusions/edibles to distribution. We look forward to working with the State to transition these temporary licenses to annual licenses, a process that has already begun. In the meantime, our temporary licenses allow us to conduct business with other licensed operators for the next 180 days.”
The Cudahy facility represents a strategic location for High Hampton to take its brands into the Southern California market, including CALIGOLD and Mojave Jane. Bravo Distro will also operate out of the Cudahy facility, providing distribution services for High Hampton’s brands and other high quality products.
About High Hampton Holdings Corp.
High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California striving to become the largest consolidator in the medicinal cannabis sector. The Company has assembled a stellar team with cannabis, capital markets, compliance, political, licensing and brands & products supply chain experience and aggressively develops its wholly owned subsidiaries toward sustainable growth and active operations:
CoachellaGro Corp., a California corporation focused on the development of a 254,000 sq ft. greenhouse facility situated in the cannabis industrial park located in Coachella, California with a valid conditional use permit (CUP) for the development of a full-service production facility in order to serve third party state licensed medicinal marijuana operators.
420 Realty, LLC has applied for multiple permits to vertically integrate in the City of Cudahy, CA (Greater Los Angeles Area), for a development agreement (DA) including cannabis cultivation, nursery, manufacturing, delivery, and distribution licenses on a single parcel location. 8 Points Management, LLC serves the cannabis industry with sales, marketing, transportation, and supply chain management services through its subsidiary Bravo Distro LLC. Bravo’s customers include California storefront dispensaries, delivery services, and chain stores, as well as non-retail accounts of cannabis such as manufacturers, cultivators, and the emerging CBD medical market of clinics, universities, research, veterinary, and other sciences with an expanding customer base.
CALIGOLD is serving the edibles market by crafting America’s finest quality “medicinal-grade” cannabis edible products combining art and science to deliver innovative creations and adhere to important industry standards in consistency, dosing accuracy, and compound formulation.
Mojave Jane, LLC is a California licensed manufacturer of premium cannabis extracts and concentrates for the California markets. Based in Coachella, CA, and licensed for both volatile and non-volatile manufacturing, Mojave Jane currently utilizes state of the art CO2 extraction technologies and proven distillation techniques to create products for both recreational and medical cannabis users.
Article By: Andrew Rego