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TORONTO , Oct. 3, 2018 /CNW/ - High Hampton Holdings Corp. (HC.CN)(0HCN.F) ("High Hampton " or the "Company") is pleased to announce that it has received a Will Serve Letter from the Imperial Irrigation District ("IID") with a confirmation to accommodate the CoachellaGro cultivation facilities, strategically located within the Coachella cultivation zone in Coachella California , with 7 Megawatts of power through an existing transmission line along Harrison Street where the CoachellaGro operations are located. On May 3, 2018 , CoachellaGro received a Conditional Use Permit for cannabis farming on the 10.8 acre property which was an important prerequisite for securing power.
High Hampton plans to construct and provide a new substation on the Coachella property and install, operate and maintain the necessary substation equipment including new transmission lines and step-down transformer to bring electrical service to its cultivation facilities. The Company is working closely with IID to ensure all specifications for the substation are followed, and the power feed from the Harrison Street transmission line will be available in time for the completion of the project construction.
David E. Argudo , CEO/Director of High Hampton, commented:
"I am pleased that we received a Will Serve Letter for 7 Megawatts of Power. We are the first in the City of Coachella to receive power through transmission lines in where we will be having our own mini substation. This means that we are not necessarily reliant to the challenges of the area such as approvals, financing and build outs; our project is moving forward regardless when the area gets its permanent power. I would like to thank Infrastructure Engineers for their relentless effort and teamwork. It has been a long journey; however, the foundation for success has been laid out and completed for CoachellaGro."
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 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.
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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