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TORONTO , Nov. 15, 2018 /CNW/ - High Hampton Holdings Corp. (HC.CN) (0HCN.F) ("High Hampton " or the "Company") is very pleased to announce the appointment of Gary C. Latham , an influential figure in the California cannabis market, to the role of Chief Executive Officer (CEO) for the Company. Mr. Latham is regarded as a leader with his hands-on experience in starting, building and growing middle market to Fortune 500 organizations and spent the last few years exclusively in the California cannabis space; among other things as a key contributor to such success stories as Mojave Jane, LLC ("Mojave Jane").
Additionally, High Hampton's board of directors has also appointed Tom Baird as Chief Operations Officer (COO) to oversee the Company's subsidiaries and build processes that deliver quality, compliance and innovation with a focus on revenue generation and profitability.
Christian Scovenna, Director of High Hampton, commented:
"We welcome Gary and Tom aboard and to the High Hampton executive management. Our board appointed seasoned leaders who can navigate the company through this phase of development and as we move our subsidiaries toward active operations and more growth."
Gary Latham , CEO of High Hampton, commented:
" California offers the promise of tremendous opportunities in the recreational and adult-use cannabis markets. The High Hampton team has done an excellent job of laying the groundwork to deliver on that promise, first in Coachella with a world-class cultivation and manufacturing hub to serve the largest markets in the state, and further by beginning to build our portfolio of subsidiaries in the distribution, edibles, and cannabis real estate sectors. I am excited to join High Hampton to build on that success, continue to expand our footprint across California , and integrate our subsidiaries to deliver strong economic results driven by high-quality products, along with nurturing relationships that can support advancements in therapeutic applications of cannabis. "
Tom Baird , COO of High Hampton, added:
"I am looking forward to getting into the nitty-gritty of the High Hampton cannabis operations throughout California . Finding synergies, establishing and optimizing production processes and scaling according to market demands are going to be the key near-term objectives to solidify our subsidiaries as viable contributors and create sustainable value for our shareholders."
About Gary Latham
As a proven business leader with commercial and public sector experience in domestic and international markets, Mr. Latham has thirty years of experience in the cyber security business with a history of developing, growing, and managing consulting services, professional services, and technology/products. Most recently, he spent several years in the burgeoning California cannabis market where he founded Coachella -based licensed cannabis manufacturing company Mojave Jane.
His experience also includes leading startups, middle market, and Fortune 500 organizations, as well as directing the technical information security program for the US Department of State. With a solid track record of improving and realizing corporate value through M&A transactions on the buy and sell sides, and by bringing Mojave Jane to the High Hampton family, Gary Latham is poised to steer the Company forward and deliver on its key strategy of value creation through market consolidation.
About Tom Baird
Tom is a seasoned CEO and strategy executive and has led a number of small and medium sized businesses as CEO. He has also led corporate development and product management organizations for both publicly traded and private companies such as TRW (now Northrop Grumman), Reynolds and Reynolds and Mitchell International.
An engineer at his core, Tom's deep skillset and adaptability have allowed him to lead companies in software development, consumer applications, manufacturing, consulting, and aerospace and defense. He is meticulous about process and understands its value to a business from a compliance and profitability standpoint. Tom's experience in M&A runs across public and private markets, where he has led corporate development teams and developed and executed strategies that dramatically enhanced corporate value. Most recently, Tom was a founding partner of the licensed California cannabis manufacturer Mojave Jane.
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.
High Hampton trades in Canada , ticker symbol HC on the CSE, and in Europe , ticker symbol 0HCN on the FSE. Neither the CSE, nor the FSE has approved nor disapproved the contents of this press release. Neither the CSE, nor the FSE accepts responsibility for the adequacy or accuracy of this release.
Marijuana Industry Involvement
Canadian listings (CSE) will remain in good standing as long as they provide the disclosure that is rightly required by regulators and complying with applicable licensing requirements and the regulatory framework enacted by the applicable state in which they operate. Marijuana is legal in certain states however marijuana remains illegal under US federal law and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that High Hampton's ability to access private and public capital could be affected and or could not be available to support continuing operations.
On behalf of the Board of Directors
High Hampton Holdings Corp.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the intention of the parties to complete the Acquisition and certain ancillary transactions contemplated thereby. These transactions are subject to a number of material risks, and there is no assurance that they will be completed on the terms or within the timeframes currently contemplated, or at all. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
All monetary references herein refer to Canadian dollars unless otherwise specified.
SOURCE High Hampton Holdings Corp.
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