High Hampton Acquires Cannabis Distribution Hub at the City of Cudahy through LLC, 420 Realty

High Hampton Acquires Cannabis Distribution Hub in the City of Cudahy through 420 Realty, LLC

High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) is pleased to announce that it is further expanding its cannabis distribution network in California with the successful close of the acquisition of all of the membership interests of 420 Realty, LLC (the”Acquisition”). 420 Realty, LLC (“420”) has applied for multiple licenses to vertically integrate in the City of Cudahy, CA (Greater Los Angeles Area), to get a development agreement (DA) including cannabis cultivation, nursery, manufacturing, delivery, and distribution permits on a single parcel location.

Proposed Cudahy Floor Plan & Facility Layout (CNW Group/High Hampton Holdings Corp.)

The City of Cudahy has generated particular zones of the city to allow operation for these license types, and 420 will manufacture, deliver, and distribute various blossom strains and cannabis concentrates in a variety of CBD-to-THC ratios and terpene profiles.

Christian Scovenna, High Hampton’s Sr..

“This transaction further expands High Hampton’s strategic cannabis distribution network in California and will finally allow us to bring more goods and quality manufacturers online as we advance this and our other assets. With the previously announced acquisitions of CaliGold (see media release April 18, 2018) and Bravo Distro (see press release May 2, 2018) expected to close soon, High Hampton will be well positioned with distribution hubs, merchandise and cultivation opportunities across California.”

All membership interests of 420 were bought for a total of USD$6,550,000 (the”Purchase Price”). The Purchase Price was satisfied by a cash payment of USD$500,000 and the issuance of 8,047,099 common shares of the Company (the”Payment Shares”) at a deemed price of CAD$1.00 per Payment Speak.

1 insider of the Company acquired 3,428,066 Payment Shares, which constitutes a”related party transaction” within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Particular Transactions (“MI 61-101”). The issuance into the insider is exempt from the formal evaluation and the minority shareholder approval requirements of MI 61-101 because the fair market value of the Payment Shares issued to or the consideration paid by such person did not exceed 25% of the provider’s market capitalization.

All Payment Shares issued in relation to the Acquisition are subject to a voluntary escrow period expiring December 21, 2018, but for the Payment Shares issued to the insider which are subject to a voluntary escrow period expiring on December 21, 2018 and June 21, 2019.

None of the securities issued in connection with the Acquisition will be registered under the United States Securities Act of 1933, as amended (the”1933 Act”), and not one of them might 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 420 Realty, LLC

420 has applied for many licenses to vertically integrate  in the city of Cudahy, CA for a development agreement (DA). Including farming, nursery, manufacturing, delivery, and distribution permits on a single parcel location allowing the Company to offer products and services to individual consumers and to licensed dispensary outlets at reduced rates. In doing this,  420 plans to establish a brand identity that is synonymous with high ­shelf quality and accessible pricing across the State of California while manufacturing, delivering, and distributing a wide array of flower strains and marijuana concentrates in multiple CBD-to-THC ratios and terpene profiles.

420 has a special product offering and services due to its all­-in-one centralized business model including wholesale flower, focus, and vaporizer cartridge distribution and management services. This relates to a lower cost due to vertical integration and controlling Costs of a Goods Sold. 420 will have the ability to provide additional services like white label manufacturing and extractions, an important service to other city and state licensed operators who otherwise don’t have a license to operate a manufacturing facility or distribution facility.

About High Hampton Holdings Corp..

High Hampton Holdings Corp. is a cannabis sector investment firm focused on opportunities in California. The Company’s wholly owned subsidiary, CoachellaGro Corp., is a California corporation focused on the development of their 254,000 sq ft. greenhouse facility situated in the cannabis industrial park located in Coachella, California. CoachellaGro has obtained a conditional use permit (CUP) for development of a full-scale production facility so as to serve third party state licensed medicinal marijuana operators. The City of Coachella has been innovative in establishing city ordinance that sets aside over 90 acres within which will be a legal framework for its cultivation, production, extraction and transport of cannabis. The complex is meant to contain all of the necessary; security, infrastructure, equipment, labour and skilled management, supplies and ancillary services for a closed loop production process flow.

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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.

Canadian listings (CSE) will remain in good standing so long as they provide the disclosure that is rightly required by regulators and complies with applicable licensing requirements and the regulatory framework enacted by the applicable state where they operate. Marijuana is legal in certain states nevertheless 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 impact their investments and that High Hampton’s ability to access public and private capital could be affected and or could not be available to support continuing operations.

Certain statements included in this press release constitute forward-looking info. The use of any of the words”could”,”intend”,”expect”,”believe”,”will”,”projected”,”estimated” and similar expressions and statements concerning matters that aren’t historical facts are intended to determine forward-looking information and are based on the Company’s current belief or assumptions concerning the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information related 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 considered, or at all. The forward-looking information included in this press release is made as of the date hereof and the Company isn’t 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 included herein, investors should not place undue reliance on forward-looking info.

All monetary references herein refer to Canadian dollars unless otherwise specified.

SOURCE High Hampton Holdings Corp..

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/21/c8381.html

8 Wellington St. E. Mezzanine Level | Toronto, On | M5E 1C5 | www.HighHampton.com, David E. Argudo, Chief Executive Officer, Mail: david@highhampton.com, Phone: 1.844.420. CALI Or Christian Scovenna, Director & VP Corporate Finance, Mail: christian@HighHampton.com, Phone: 1.844.420. CALICopyright CNW Group 2018

Published at Thu, 21 Jun 2018 16:59:25 +0000

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