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TORONTO , May 3, 2019 /CNW/ - High Hampton Holdings Corp. (HC.CN) (0HCN.F) ("High Hampton " or the "Company"), a cannabis brand and distribution company in the U.S. market, today reported the results of its Annual General Meeting (AGM) held on Friday, April 12, 2019 at the Company's Toronto head office.
All resolutions were passed by the requisite majority of shareholders as follows:
- Ratification of the Company's Stock Option Plan and the Amendment to the Restricted Stock Unit Plan
- Appointment of Manning Elliot LLP as auditors
- Set the number of board directors at 6
Current board members Dieter MacPherson , Cam Birge , and Robert Allen were re-elected and proposed directors AJ Gentile and Gary Latham were confirmed as new members to the board.
High Hampton thanks Richard Polanco , who did not stand for re-election, for his dedicated service to the board and wishes him well for his future engagements. The Company's Senior VP of Corporate Finance Christian Scovenna also did not stand for re-election to the board and will focus on his position within High Hampton's executive management.
Cam Birge , independent director of the board, commented:
"We are truly grateful to both Richard Polanco and Christian Scovenna for their contributions to our board, and we welcome our new members Gary Latham and AJ Gentile as they embark on their new roles. I believe we have assembled an exceptional group to oversee the Company, and I look forward to working with our established and new members. Having AJ Gentile, the CEO of 2083 Group, come on board signifies the importance of the impending partnership between our two companies, and we expect to bring the proposed transaction of taking a minority stake in 2083 Group to a successful close very soon." (see February 28 press release)
High Hampton also announces the resignation of Daniel Petrov from the Board of Directors, effective today.
Mr. Petrov has served on High Hampton's board from the very beginning and has been an instrumental part of crafting the early vision for the Company. He has founded a number of successful Cannabis companies and most recently served as Executive Vice President at Aurora Cannabis Inc. from prior to its listing onto the CSE until mid 2016. He currently holds the position of CEO of Aura Cannabis Inc., a Canadian Cannabis company creating best in class retail experiences across Western Canada .
"On behalf of the High Hampton team, I would like to thank Daniel for his time and dedication as a valued board member,'' commented High Hampton's CEO and director Gary Latham . "We truly appreciate the contributions he has made in bringing the Company to where it is today and his efforts to position High Hampton for future growth. I wish him all the best for his future as an instrumental figure in the cannabis industry."
Daniel Petrov added:
"The cannabis sector is ever-changing, and High Hampton has certainly been one of the early players in the legal recreational cannabis space in California . I have been committed to remaining a Director in the company until I believed the company to be solidly on track and managed by a strong and focused team. Gary and the board have succeeded in building a very knowledgeable and experienced team and are well positioned with a promising strategy for aggressive development."
About High Hampton Holdings Corp.
High Hampton Holdings Corp. is a Canadian-based cannabis sector brand and distribution company emerging as a true vertical integrator in California's legal cannabis space serving recreational and wellness markets. The Company's U.S. holdings are comprised of assets set up as a vertical stack including a distribution arm through BRAVO DISTRO; branding, packaging, manufacturing & processing carried out through MOJAVE JANE and CALIGOLD; and cultivation to scale via COACHELLAGRO and 420 REALTY. Operating out of licensed strategic locations within the state, High Hampton is leveraging its brand-focused business model to generate sustainable profits delivering quality product by recognized brands.
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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