junkHustler
7年前
City of Coachella Ratifies Approval of Conditional Use Permit (CUP) for High Hampton's CoachellaGro Operation to Cultivate Medicinal Cannabis
TORONTO, June 7, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton " or the "Company") today announced that the City of Coachella's Planning Commission has ratified through resolution the amended conditions and parking variance requested by High Hampton. When the approval was given on May 2, 2018 (as press released May 3, 2018 ), it officially granted the Company's 10.8 acre CoachellaGro property a conditional use permit for the cultivation of medicinal cannabis. In addition to the resolution, the 30 day appeal period, in which anyone from the public could challenge the project, has now expired.
The CoachellaGro asset is strategically located in a medicinal cannabis business zone 45 kms east of Palm Springs, 72 kms east of Riverside and 210 kms east of Los Angeles. High Hampton originally purchased the property in 2017 and applied for a conditional use permit (CUP) with the objective to operate a 194,000 sq.ft greenhouse facility for the purpose of medicinal cannabis farming. With all necessary approvals in place, the Company has retained Vertical Construction Co. out of Irvine, CA, a full-service builder specializing in ground-up construction for office, retail, biomedical and pharmaceutical environments. GMP Certified, Vertical Construction is capable of working under strict regulatory guidelines and conditions, an ideal match for the specific construction needs of CoachellaGro.
CoachellaGro Site Plan (CNW Group/High Hampton Holdings Corp.)
David E. Argudo, CEO of High Hampton, commented:
"On behalf of our entire team, I would like to thank the City of Coachella, Council, and the Planning Commission for their support. Now with the adoption of the resolution, variance and the 30 day appeal process behind us we can start the construction documentation process. We have retained Vertical Construction Co. to assist us in the design build and provide input on the design process, early value engineering and all the required coordination and consulting involved in the construction.
With a conditional use permit for CoachellaGro in hand, we have created instant added value for this asset which will remain the cornerstone of our business model and be complemented by the aggressive acquisition process we have begun this spring as we consolidate the California cannabis market."
About High Hampton Holdings Corp.
High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro has received a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside over 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
Approval of Conditional Use Permit (CUP) to High Hampton's CoachellaGro Operation
Coachella Planning Commission Grants Approval of Conditional Use Permit (CUP) to High Hampton's CoachellaGro Operation
TORONTO, May 3, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton" or the "Company") today announced that it has appeared in front of the Coachella City Planning Commission on May 2nd to present and respond to final questions regarding its 10.8 acre CoachellaGro property situated in the cannabis industrial park in Coachella, California. The purpose was to grant approval by the planning commission for a conditional use permit (CUP) for cannabis farming. The Company is pleased to report that the remaining questions were resolved to the satisfaction of the commission who has now approved and recommended to Coachella City Council to grant a conditional use permit for the CoachellaGro property, which is expected to be issued at the next city council meeting before month's end.
David E. Argudo, CEO of High Hampton, commented:
"It has been a diligent application process with significant work completed by our executive management team and our experienced Infrastructure Engineers team, and we are very pleased to have received an approval from the Coachella Planning Commission to award a conditional use permit. Once City Council issues the permit, we can move forward with the selection of a construction team and breaking ground at CoachellaGro."
About High Hampton Holdings Corp.
High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside over 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Holdings Corp. to Present at The MicroCap Conference on April 9th and 10th in New York City at the Essex House
NEW YORK, NY / ACCESSWIRE / March 27, 2018 / High Hampton Holdings Corp. (OTC PINK: HHPHF) (CNSX: HC) (FRANKFURT: 0HCN) will be presenting at this year's MicroCap Conference on April 9th and 10th in New York City.
CONFERENCE OVERVIEW AND STRUCTURE
The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. It is an opportunity to be introduced to and speak with management at some of the most attractive small companies, learn from various expert panels, and mingle with other microcap investors.
The MicroCap Conference will take place in New York City at the Essex House on April 9th and 10th. Registration will begin on Monday at 7:00AM and will last until the evening. These days will be jam-packed with company presentations, 1-on-1 meetings, roundtables, expert panel discussions, and plenty of time to network with other investors over food and drinks.
REGISTRATION FOR INVESTORS
To request free registration, please go to our website (www.microcapconf.com), and click the "Registration" button.
PARTICIPATING COMPANIES
For our most updated list of companies, please go to our website (www.microcapconf.com).
MARQUEE SPONSORS
The Special Equities Group
Maxim Group
PLATINUM SPONSOR
Marcum
OTHER SPONSORS
MZ Group
Irth Communications
The CFO Squad
Proactive Investors
Issuer Direct
Hunter Taubman Fischer & LI LLC
The Money Channel
Acorn Management Partners
VStock Transfer
PCG Advisory Group
CoreIR
PubCoCEO
News Compliments of ACCESSWIRE.
FOR MORE INFORMATION
Please visit: www.microcapconf.com
Or, contact Tony Yu, CEO at tony@microcapconf.com
SOURCE: High Hampton Holdings Corp.
junkHustler
7年前
High Hampton responds to positive CSA notice on disclosure expectations for issuers with U.S. marijuana-related activities and announces increase to previously announced non-brokered private placement offering
TORONTO, Feb. 12, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton " or the "Company") today responded to a recent revision of Canadian Securities Administrators ("CSA") Notice 51-352 on issuers with U.S. Marijuana-Related Activities (the "CSA Notice").
David E. Argudo, CEO of High Hampton, commented:
"We are very encouraged by the recently published positive CSA notice as it brings more certainty for issuers and investors alike in regards to disclosure expectations. By further clarifying what is expected of an issuer, the CSA offers valuable guidance on disclosure necessities and further reiterates its commitment to follow this disclosure-based approach. High Hampton will continue to offer transparent disclosure to its growing investor base."
In connection with the Company's previously announced non-brokered private placement on February 9, 2018, the Company has increased the size of the financing (the "Offering") to 20,000,000 units for gross proceeds of $12,000,000. The Offering may also be completed pursuant to Multilateral CSA Notice 45-318, Prospectus Exemption for Certain Distributions through an Investment Dealer ("CSA Notice 45-318"), and the corresponding blanket orders and rules implementing CSA Notice 45-318 in the participating jurisdictions in respect thereof. As of the date hereof, the exemption available under CSA Notice 45-318 (the "Investment Dealer Exemption") is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA Notice 45-318, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. There is no material fact or material change of the Company that has not be generally disclosed.
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside over 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton announces non-brokered private placement and provides update on application process of conditional use permit (CUP)
TORONTO, Feb. 9, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton " or the "Company") today announced its intention to complete a non-brokered private placement (the "Offering") for gross proceeds of up to CDN $7,500,000.
Pursuant to the Offering, High Hampton intends to issue up to 12,500,000 units of the Company (the "Units") at a price of $0.60 per Unit. Each Unit will consist of one common share of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional Common Share at an exercise price of $0.90 for a period of 24 months following the closing of the Offering. The completion of the Offering is subject to regulatory approval.
The Offering will be conducted under available exemptions from prospectus requirements of applicable securities legislation and participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada in accordance with the provisions of British Columbia Instrument 45-534 (and in similar instruments in other Provinces of Canada) (the "Existing Shareholder Exemption"). The Company has set February 8, 2018 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Qualifying shareholders who wish to participate in the Offering should contact the Company at the contact information set forth below. If the Offering is over subscribed for, Units will be allocated pro-rata amongst all subscribers.
There is no minimum offering size for the Offering and the maximum number of Units proposed to be issued is 12,500,000 Units for gross proceeds of $7,500,000. The Company intends to use net proceeds of the Offering as follows: up to $6,000,000 to complete phase one of its Coachella development, up to $725,000 towards finance strategic growth opportunities, and up to $250,000 for general and corporate purposes. The intended use of proceeds may vary based upon a number of factors. A commission of 7% cash and 7% finder's warrants may be payable in connection with this Offering.
The decision to raise funds was made as the Company nears the award of its conditional use permit ("CUP") for its wholly-owned CoachellaGro operation and plans to begin construction of the greenhouse facility as soon as possible thereafter. High Hampton has received comments from Coachella city staff regarding the design of this facility. The comments were minor and did not have any significant effect on the engineering plans. High Hampton is encouraged by this and expects to appear before the city's planning commision within 45 days before the application proceeds to City Council for final approval.
None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside over 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Is Set To Capitalize On The Booming California Market
California’s legal cannabis industry continues to impress investors and many are looking for investment opportunities levered to this burgeoning market.
Demand for legal marijuana has exceeded expectations and many distributors are out of product. What we are seeing is something similar to what we have seen in Nevada, but on a much larger scale. This is a huge benefit for companies levered to this burgeoning market and today, we have highlighted a company that is focused on capitalizing on this opportunity.
High Hampton: A California Cannabis Stock
The company, High Hampton (CSE: HC) is focused on becoming one of the leading global distributors of cannabis products. The company is focused on increasing market share in California through a variety of strategic initiatives and agreements (i.e. equity, royalty, and direct property ownership with leasing agreements).
When it comes to cannabis investments, investor must take a look at the management team to determine if the company is led by solid operators. High Hampton is led by a proven management team and is comprised of experienced leaders with diverse backgrounds.
High Hampton benefits from a multi-faceted growth strategy and engages in finance, real estate, licensing, distribution, branding, and operations within the legal cannabis industry. The company provides professional management and advisory services through its capital markets team, compliance team, licensing team, and brands and products supply chain.
The company offers an attractive platform since its integrated vertical supply chain improves margins by lowering the cost of goods sold and operating costs of brands and operators.
High Hampton employs a selective growth strategy and its target acquisitions include industrial and commercial properties within “the zone” in cannabis-friendly municipalities, licensed cultivators, licensed distributors, industry magazines, apps, marketing groups, and highly sought-after brands.
Levered to the Coachella Cannabis Market
High Hampton is levered to the California cannabis market, which is expected to be the largest marijuana market in the world. High Hampton owns a 10.8 acre property in Coachella, California and is pursuing Conditional Use Permits (CUP) for cultivation and manufacturing (submitted applications in the fourth quarter of 2017).
High Hampton acquired the strategic property for less than $2 million and if the company is granted a CUP, it would significant increase the property value (comparable properties cost approx. $5.5 million). We are favorable on the company’s opportunity to be granted a license as High Hampton has engaged strategic partners to ensure that the buildout is executed flawlessly.
This represents an attractive opportunity for investors as the issuance of a CUP would be a catalyst for the company. We are bullish on the California cannabis market and favorable on High Hampton’s leverage to it.
Several Catalysts to Support Growth Initiatives
One of the reasons why investors need to keep an eye on High Hampton is due to the number of upcoming catalysts. The first half of 2018 could be significant for High Hampton and we are monitoring the shares closely.
During this time, the company expects to receive a CUP, and initiate and complete construction on the Coachella facility. As soon as construction is completed, High Hampton plans to commence cultivation activities and we are favorable on this opportunity.
We are bullish on the company’s growth strategy and focus on the California cannabis market. High Hampton is focused on increasing market share in California and we think this an attractive aspect of the story. We will monitor how the company continues to execute and keep you updated on important developments.
Link: https://technical420.com/cannabis-article/high-hampton-set-capitalize-booming-california-market
junkHustler
7年前
Why California is the World’s Largest Cannabis Market
California’s legal recreational cannabis industry has the potential to make the State one of the most valuable cannabis markets
California, the largest state economy in the US and the sixth largest economy in the world, is also the largest marijuana market on the planet with annual legal sales totaling approximately $2.8 billion in 2016.
January 1, 2018 shepherded both California’s economy and its cannabis market into a new era of growth with the legalization of world’s largest adult-use recreational market. A recent BDS Analytics report says California’s legal cannabis market could grow to $3.7 billion in 2018 and reach $5.1 billion to rival the beer market by 2019. In a big win for the State, legal weed could net California up to $1.4 billion in tax revenue by 2021.
United States top jurisdiction for cannabis sales
Globally, the legal cannabis market is worth an estimated $7.7 billion, and that figure is expected to grow by a CAGR of 60 percent to reach $31.4 billion by 2021, according to a new report from cannabis market research firm Brightfield Group, as other countries follow California’s lead.
The United States currently accounts for 90 percent of that $7.7 billion figure, with the Golden State putting up nearly half of the nation’s sales. By 2021 the United States’ hold in the market will shrink to 57 percent, notes Brightfield Group. However, Bethany Gomez, Director of Research for the firm told Forbes that the United States market will continue to lead the pack. “The US market is so much larger than the rest of the international markets combined,” said Gomez.
By 2026, the United States’ legal cannabis market is expected to be worth $50 billion and California will likely continue to reign supreme at home and abroad.
California well-populated with cannabis connoisseurs
What makes California the epicenter of the United States cannabis market? “The sheer size of the population, a strong cannabis culture and a mature medical cannabis market that first began in 1996,” David Argudo, CEO of High Hampton Holdings (CSE:HC, FSE:0HCN) told Investing News Network. Argudo has been a leader in cannabis advocacy work for over 25 years and helped to pass the Compassionate Act (Prop 215) in 1996.
California has a total population of nearly 40 million and a medical cannabis market that includes roughly one million patients (compared to 235,000 in Canada as of September 2017) serviced by an estimated 1,000 legal medical cannabis dispensaries. The State also has the largest baby boomer population in the country which is growing 35 percent faster than the nationwide average. According to Forbes, a recent report indicates California consumers spend more on cannabis as they get older. “Baby Boomers on average spent $185 a month in 2016 versus millennials that only spent $136.”
With recreational use now legal, tourism is also expected to factor into the market. The west coast state is one of North America’s largest tourist destinations, attracting an average of 260 million visitors and $122 billion each year.
“A significant portion of this spending is on leisure goods and services. For instance, tourists have been estimated to spend $7.2 billion per year on wine in California,” notes a report by the University of California Agricultural Issues Center. “Given that adult-use cannabis remains illegal in most other states, California’s legalized adult-use industry may attract some new visitors whose primary reason for visiting the state is cannabis tourism, as has been observed in Colorado.”
California’s strong medical cannabis market
As the first state to legalize medical marijuana decades before the rest of the country began to come around to the idea, California has long been at the center of cannabis culture. The State’s Emerald Triangle—Humboldt County, Mendocino County and Trinity County— is the largest cannabis producing region in the country and home to some of the most premier strains in the world. Other states and countries are now following California when it comes to growing techniques and branding.
Argudo says California’s well-established medical market will provide excellent support to the development of the State’s newly birthed legal recreational market—something he believes the Canadian market lacks despite its current legal medical market.
“Take a look at what’s happening in Canadian markets, specifically some of the methods of dispensing to patients such as through non-branding, mail orders, and no edibles,” he explained. “Compare this to California where we have well-established medical companies that have been in operation for almost two decades and have fine-tuned the products and strain profiles to match client needs. These well-established strains, edibles, and even drinks have been around prior to recreational.”
California cannabis users consumed close to $180 million in edibles for 2016, accounting for 10 percent of total cannabis sales, according to Arcview Market Research. Those figures will likely increase once the recreational market is in full swing.
While the long-lived medical market will provide a foundation for the emerging recreational market, how will medical cannabis growers and dispensaries fair in this new landscape? Argudo says medical-based marijuana companies have a competitive advantage that will allow them so slide right into the recreational space: “Their products and strains have been tailored to match consumer needs. Repositioning themselves will not be very difficult.’’
Good news, given that the demand for medical cannabis is likely to drop off as the recreational market grows, projects Green Market Reports. The report’s authors reveal a truth most of us have probably long suspected: many of California’s medical marijuana consumers are really closet recreational users. “In other states, the sales of medical marijuana fell once adult use marijuana entered the market and California will repeat this pattern.”
Overcoming federal challenges to state-legal cannabis
As with any developing marketplace there are bound to be challenges along the way. Cautious optimism seems to be the sentiment among analysts. “The California cannabis industry has been like BC in my view, with tremendous domain expertise but little or no regulation. I am optimistic that after what will likely be a rough transition from the past two decades of legal but unregulated to one that is highly regulated over the next few years, the industry will prove to be very strong, with even more innovation than it has had before,” 420 Investor founder Alan Brochstein told INN.
“With that said,” he added, “it’s not possible to be a player in the global cannabis market as long as cannabis remains federally illegal, except for potentially IP and branding licensing, as we have seen on a limited basis from Colorado firms.”
Brochstein points out the elephant in the room. The federal stance on state-legal cannabis. Jeff Sessions rescinding the Cole Memo—which directs US Attorneys not to focus federal resources to prosecute individuals in compliance with state cannabis laws—has certainly put the market on edge.
David Arguro said he and his political colleagues are watching this closely. He sees recreational at a higher risk than medical based companies, but expects California’s Attorney General will move forward as planned with the State’s cannabis regulation.
There are strong signs of bipartisan support for legal cannabis at the federal level. California Rep. Barbara Lee’s introduction of a new federal act proposal for the protection of state-legal cannabis from “excessive federal enforcement”should show investors that California’s cannabis industry is making headway in this regard. The bipartisan support for the act is proof that both Democrats and Republicans understand that cannabis is big business.
In a press release regarding Congresswoman Barbara Lee’s proposal, Argudo said that he is “very optimistic” that in 2018 “we will see discussions on banking, descheduling cannabis, controlling the industry like alcohol and much more. This development provides High Hampton with solid confidence as we embark on a sure to be eventful year for the company.” High Hampton’s subsidiary, CoachellaGro is a medicinal marijuana firm based in Coachella, California.
The Takeaway
California’s immense population, lucrative tourist industry, entrenched marijuana culture and premier products is a winning combination for a successful market at home. On the global front, the federal issue will have to be resolved in order for California’s cannabis market to really take home the crown.
Link: https://investingnews.com/daily/resource-investing/agriculture-investing/cannabis-investing/california-worlds-largest-cannabis-market/?mqsc=E3932407
junkHustler
7年前
High Hampton Announces Application for OTCQB Listing
TORONTO, Jan. 23, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton " or the "Company") is pleased to announce that it has applied for a listing on the OTCQB Venture Market in response to increased interest from investors in the United States and to ensure continued and greater trading liquidity for the Company's shares across different markets.
David E. Argudo, CEO of High Hampton, commented:
"The application for a listing on the OTCQB was made at an opportune time for the Company, as we are nearing the award of the Conditional Use Permit (CUP) for our CoachellaGro Asset and are expecting aggressive growth in the coming months. The listing serves our goal to provide a greater and more comprehensive access to our U.S.-based investors."
The Company also wishes to announces that its CFO Fiona Fitzmaurice has been appointed as a director to the High Hampton board. High Hampton and the Board of Directors would like to thank Brendan Purdy for his past commitment and dedication to the company. He has resigned from his position as Chairman and Director of the board to focus on his law practice and future endeavours.
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Provides Update on introduction of REFER Act of 2018 proposal to protect state-legal Cannabis from "excessive federal enforcement"
TORONTO, Jan. 17, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton " or the "Company") wishes to provide an update on a new federal act proposal that was introduced on Friday, January 11 by California Congresswoman Rep. Barbara Lee into the US House to protect state-legal Cannabis from "excessive federal enforcement". The Restraining Excessive Federal Enforcement & Regulations of Cannabis (REFER) Act of 2018 would prohibit federal agencies from spending money to "detain, prosecute, sentence, or initiate civil proceedings against an individual, business or property, that is involved in the cultivation, distribution, possession, dispensation, or use of cannabis" if those actions are in compliance with a state law or any local regulations in effect.
The new bill would effectively expand the protection of the Rohrabacher–Blumenauer amendment, which prohibits the Department of Justice from arresting and prosecuting medical marijuana patients and providers in legal states, to include adult-use cannabis, to apply to all federal agencies and to be permanent.
David E. Argudo, CEO of High Hampton, commented:
"I am pleased to see that Congresswoman Barbara Lee, a California representative, has introduced new legislation that would permanently protect state-compliant operators from excessive federal enforcement. The REFER Act of 2018 builds upon the Rohrabacher and Blumenauer Bill by making it permanent and not having to renew it each year. In addition, the legislation expands the protection to cover recreational cannabis.
I am very optimistic that, in 2018, we can expect more discussion at the federal level than ever before. With the introductions of several bills, it is an indication that the federal government is interested in addressing and resolving the issue that hinders the cannabis industry's progress. We will see discussions on banking, descheduling cannabis, controlling the industry like alcohol and much more. This development provides High Hampton with solid confidence as we embark on a sure to be eventful year for the company."
The Company also wishes to announce that it has issued a total of 4,434,341 shares as a result of recent warrant and debenture exercises for additional proceeds to its treasury totaling $866,727.
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Expects No Changes to Legal Framework for California Business Operations as a result of U.S. Attorney General decision to rescind Cole Memo
TORONTO, Jan. 8, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton" or the "Company") wishes to respond to the U.S. Attorney General's recent decision to eliminate the Cole Memo and the related guidance on marijuana enforcement.
The Company expects no changes to the legal framework for its California-based CoachellaGro Asset as a result of this decision:
The memorandum represented a guidance; the same federal laws remain in effect;
High Hampton's current focus is medical cannabis with an option to pursue recreational cannabis opportunities in the future as a means to de-risk its operation;
The new directive effectively leaves the level of enforcement up to each state's attorney general; California's Attorney General is determined to move forward as planned with cannabis regulation;
High Hampton assembled a management team with extensive experience and expertise in cannabis regulation, at the local and state government levels, and will utilize this expertise to ensure that its business operations comply with all regulatory provisions.
High Hampton's CEO, David E. Argudo, conducted an interview with BNN on Thursday, January 4, 2018 in respect to the elimination of the Cole Memo and a possible impact to the company's business operations:
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a Californiacorporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
Cannabis stocks fall after U.S. announces crackdown
Cannabis stocks took a hit on both sides of the border Thursday, after U.S. Attorney General Jeff Sessions rescinded an Obama-era policy that barred federal law enforcement officers from interfering with marijuana sales in states where cannabis is legal.
It is believed this will create confusion about whether it is legal to buy, sell, or grow marijuana in these states, since it is federally prohibited. U.S. attorneys in states where marijuana is legal would now have to decide if they want to enforce federal laws.
This move will only affect the U.S. recreational market. U.S.-based companies producing medicinal cannabis such as India Globalization Capital, Inc. (NYSE American: IGC, Forum) and High Hampton Holdings Corp. (CSE: C.HC, Forum), would not be affected.
Moreover, some of those companies are also selling to Canada and Germany.
Though this enforcement is strictly based in the states, it could pose a challenge to Canadian cannabis companies producing for American markets.
Taking a snapshot of Thursday trading, some notable firms saw declines:
Aurora Cannabis Inc. (TSX: ACB, OTCQB: ACBFF, Forum) down $1.14 to $13.04.
Canopy Growth Corp. (TSX: WEED, OTCQB: TWMJF, Forum) down $3.58 to $32.32
Aphria Inc. (TSX: APH, OTCQB: APHQF, Forum) down $2.96 to $18.50.
Many cannabis producers, both medical and recreational, have been planning to expand into states where it’s sale is legal. TGIF announced its intent to acquire Body and Mind Inc. (CSE: BAMM, OTC: BMMJ, Forum) and would be among the largest cultivation and production companies in Nevada. The company is also planning to expand into California.
Four days ago, California became the largest state to legalize recreational pot sales. Voters approved the law in 2016.
This also comes just a day after a chief executive with the Canadian Securities Exchange announced that trading soared to a record high $7.8 billion in 2017 thanks to a surge of marijuana-related listings, with the help of blockchain technology. That’s a 400% increase from 2016. 17.4 billion shares changed hands on the alternative exchange last year.
A recent report by Ameri Research valued the global legal cannabis market at $14.3 billion in 2016. It forecasts a growth at a CAGR of 21.1% to 2024, where the industry would be worth $63.5 billion.
Read more: http://www.stockhouse.com/news/newswire/2018/01/05/cannabis-stocks-fall-after-u-s-announces-crackdown
junkHustler
7年前
High Hampton Prepares for California Cannabis Licensing Update as it readies for Award of CUP and subsequent beginning of cultivation through CoachellaGro
New regulations are incorporated in project planning as California legalizes recreational cannabis use
TORONTO, Jan. 2, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that it has entered an extensive strategic planning phase as it awaits the award of the Conditional Use Permit ("CUP") for its 10.8-acre CoachellaGro Asset located within the Coachella cultivation zone, California. With the legalization of recreational cannabis use in California as of January 1, 2018, the state is rolling out new license application processes, regulations and the track-and-trace system as part of the Marijuana Enforcement Tracking Reporting Compliance ("METRC").
Although High Hampton's focus is currently only on the cultivation and distribution of medicinal cannabis as a means to de-risk its asset and provide a higher value product, the Company is utilizing the extensive experience of its senior management team and strategic advisors to ensure compliance with all the latest regulatory provisions by the time it can begin cultivation. Management's focus remains on preparing for probable policy updates and changes as the new regulations shape the California cannabis market.
As of January 1, 2018, only businesses who have been granted a temporary license through the Department of Public Health's Manufactured Cannabis Safety Branch ("MCSB") and the Bureau of Cannabis Control ("BCC") can legally operate and sell for adult use. While the state is legalizing recreational use, there are still some local governments who have not established or passed ordinances for neither medical or recreational use. High Hampton's wholly-owned CoachellaGro operation will utilize a 10.8-acre land parcel within a proposed cannabis industrial park in Coachella where by an ordinance, the City of Coachella has set aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis.
David E. Argudo, CEO of High Hampton, commented:
"I strongly believe that the legalization of medical and recreational marijuana creates a large opportunity for cannabis businesses in California. High Hampton is focused on medicinal cannabis as we move toward the new regulations for both recreational medicinal use. I am proud of the experience within our team to guide us in this important planning stage within the framework of the new regulations, and I am confident that we have the team to meet all future compliance obligations within the evolving regulatory framework such as tracking each of our plants from seed to sale within the deployed track and trace regulatory system METRC."
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Engages CFN Media to Develop New Investor Audience
TORONTO, Dec. 20, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company") wishes to announce that further to its earlier press release issued today it has engaged CFN Media to conduct a four-month investor and market visibility program that began on Dec. 18, 2017. CFN Media will leverage its reach to mainstream cannabis-focused investors and media across North America to help attract a larger audience for the company. The engagement is a four-month contract at a rate of $10,000 (U.S.) per month.
About CFN Media
CFN Media (CannabisFN), the leading creative agency and media network dedicated to the worldwide cannabis industry, helps marijuana companies attract investors, capital, and publicity. Private, pre-public and public marijuana companies in the US and Canada rely on CFN Media to grow and succeed.
The company launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Receives Positive Comprehensive Results from CEQA-compliant Environmental Study
TORONTO, Dec. 19, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that it has received favourable results on the CEQA-compliant ("California Environmental Quality Act") environmental study for its 10.8 acre land parcel within the Coachella cultivation zone. The study represents the final stage in the environmental approval process as part of the ongoing application for a Conditional Use Permit ("CUP") for the CoachellaGro operation in the Coachella cultivation zone.
CEQA is California's broadest environmental law and provides a guide during the issuance of permits or approval of projects. The Environmental Study covers the scope initially established by the City of Coachella and follows standard practices for CEQA reporting.
Overseen by Infrastructure Engineers Inc. and prepared by San-Bernardino-based Tom Dodson & Associates, this report is much more comprehensive than the previously announced positive Phase I Environmental Site Assessment ("ESA" - please see press release from December 15, 2017) and encompasses categories of the Environmental Checklist, Project Description, Construction Scenario, Lead Agency Checklist, and Evaluation of Environmental Impacts. In summary, the report states that no adverse conditions were found that could negatively impact the CUP application process.
David E. Argudo, CEO of High Hampton, commented:
"We welcome the positive results of this final environmental study during our CUP application process and are now awaiting comments from the city on the subject matter and in preparation for the final project presentation."
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Receives Favourable Environmental Site Assessment inching closer to Award of Conditional Use Permit (CUP) for CoachellaGro Asset
TORONTO, Dec. 15, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that it has received a favourable Environmental Site Assessment ("ESA") on its 10.8 acre land parcel within the Coachella cultivation zone. The ESA was recommended by Infrastructure Engineers Inc. as a precautionary measure to rule out the existence of any hazardous conditions as a result of a past use of the property. In summary, the ESA states that no evidence was found for any Recognized Environmental Conditions ("REC"), and that no further environmental investigation is deemed necessary at this time. The positive ESA brings the Company closer to the Award of a Conditional Use Permit (CUP) for its CoachellaGro Asset which is expected early 2018.
The ESA was prepared by Irvine, California based P.A. & Associates Inc. and received by Infrastructure Engineers Inc. on December 11, 2017. Prepared as a Phase I Assessment, the surveys undertaken as part of the report seek information from property records, historical data bases, and city files to identify hazardous conditions which may have occurred or were likely to have occurred in the past history of the property. The existence of hazardous material can affect property development, financing and the ability to sell the land.
The ESA also included the following key findings:
According to RWQCB's (Regional Water Quality Control Board) GeoTracker website, the site is not listed in any of the databases;
According to DEH (Department of Environmental Health), there are no environmental violations records for the site;
There were no builds known to exist on the site, no buildings found on the site, nor any processing that could lead to generation, storage and/or transportation of hazardous material on site.
David E. Argudo, CEO of High Hampton, commented:
"As we move forward toward the Conditional Use Permit (CUP), I am content with the favorable result of the Phase 1 ESA that indicates that there is no evidence of Recognized Environmental Conditions. We are extremely pleased with the progress to date on our CoachellaGro operation and are ahead of schedule in the permitting process with respect to the Conditional Use Permit (CUP) and a Phase I ESA. We look forward to a successful 2018 and wish to thank our shareholders for their support during an incredible 2017."
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton Announces Appointment of high profile Californian David E. Argudo as new CEO
TORONTO, Dec. 11, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that its Board of Directors has appointed David E. Argudo as new Chief Executive Officer to the Company. Mr. Argudo has been an invaluable asset to the Company in facilitating the application process for the Conditional Use Permit ("CUP") for its wholly owned CoachellaGro Asset within the Coachella cultivation zone and is now taking the reigns as the Company nears active operations.
Mr. Argudo is a currently elected City Official and brings a near decade of political experience and over 25 years of leadership in Cannabis advocacy work to High Hampton. Mr. Argudo helped pass the Compassionate Act (known as Prop. 215) in 1996 and has since consulted and developed cannabis policies for states and local municipalities, as well as, pioneered local tax measures for cannabis in California.
In addition to over 25 years of technical expertise in Cannabis cultivation, manufacturing, retail and distribution, he brings along extensive cannabis experience pertaining to the areas of biopharmaceuticals, cancer research, real estate and mortgage financing and has helped license over 420k sq. ft. of Cultivation/ Manufacturing Building Space. Mr. Argudo is a Member of the California Growers Association and a Member of the Humboldt Interdisciplinary Institute for Marijuana Research (HiiMR). Equipped with international consulting experience in countries like Germany, Colombia, and Chile, Mr. Argudo extends High Hampton's cannabis expertise beyond the U.S.
David E. Argudo, CEO of High Hampton, commented:
"As an inherent part of the High Hampton family, I am excited to now take on a leading role with the goal to build this Company into a multibillion dollar organization. First, I would like to thank the Shareholders, Board of Directors, and Team Members for their trust, support and confidence that they have given me.
Our mission is to be strategically aggressive first movers in the cannabis space not only in California and the USA but internationally, as well. Our primary focus will be consolidating California while exploring other markets and opportunities. I believe that there are three important fundamental pillars that drive success in this industry, and the individuals managing High Hampton are exemplary in covering these by having 1. A strong capital markets team, 2. A strong Political team and 3. A strong Cannabis team. I look forward to building and creating compelling investment opportunities and sustainable value for our shareholders."
Daniel Petrov, COO of High Hampton, adds:
"We welcome David E. Argudo in this leadership position to further ensure the vital role High Hampton will play as the adult use market is activated within the state of California. Already ranked among the world's top 10 economies, California accounts for nearly half of the nation's legal cannabis sales. Come January 1st, adult use legalization will make the State of California the new epicentre in cannabis.
High Hampton will be the first Canadian company to be led by a native Californian who deeply understands how to navigate the complex and ever changing cannabis market. David will be critical to High Hampton's plans to solidify itself within the United States largest pot economies."
The Company wishes to thank Brendan Purdy who has stepped down from his position as Chief Executive Officer to solely focus on his role as Chairman of the Board of Directors of High Hampton.
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
junkHustler
7年前
High Hampton DeRisks Project after Receiving Positive Geotechnical Report for Coachella Cultivation Facility
TORONTO, Dec. 7, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that it has received positive results of a preliminary geotechnical investigation and infiltration study on the proposed cannabis cultivation facility for its wholly owned CoachellaGro Asset within the Coachella cultivation zone. The report is part of the ongoing application process for the Conditional Use Permit (CUP) which is expected at the end of 2017 or early 2018.
The report was prepared by P.A. Associates Inc., based in Irvine, CA, and will be used by civil and structural engineers as a guidance and basis for their design of earthwork and foundation systems. It establishes the basic soil parameters of the project and has indicated that the project site is constructible after having analyzed items such as seismicity, soil bearing concerns, soil percolation rates (for the ponds), and various other components. The proposed cannabis facility will be comprised of a 167,916 square foot greenhouse area and 39,832 square foot production, extraction and administration facility.
Currently, the Company is awaiting comments from the Coachella City Staff on the proposed facility layout followed by a meeting of the City's planning commission to approve the CUP application. The final step will be a presentation of the development plans to the Coachella City Council where a decision on the granting of a CUP is expected at the time of the presentation.
David E. Argudo, VP Corporate Development and Director to the Company, commented:
"We are very pleased with the favourable results of this preliminary geotechnical investigation and infiltration study. In addition to the recent approval by the Coachella City Council of cannabis greenhouse facilities (see press release November 7, 2017) this positive soil report is bringing us another step closer to the Conditional Use Permit, breaking ground on the facilities and the start of cultivation."
About High Hampton Holdings
High Hampton Holdings is a cannabis sector investment company focused on opportunities in California. The Company's wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 90 acres within which will be a legal framework for the cultivation, production, extraction and transportation of cannabis. The complex is intended to contain all the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.
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