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TORONTO, June 18, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company") today announced that it has appointed key personnel to the board of directors and management team to help assist the Company in its aggressive growth cycle. C Suite executive Robert Allen has accepted his appointment to High Hampton's board of directors, and private and public sector veteran Thomas Sykes joins the Company as Senior Human Resources Manager.
David E. Argudo, CEO of High Hampton, commented:
"We continue to complement our management and board with professionals who can best accommodate High Hampton in the various stages of growth and as we evolve to become a prominent player in the California cannabis market. I am happy to welcome both Robert and Tom to our team and look forward to benefitting from their wealth of knowledge and experience in their respective fields.
On behalf of the entire team, I would like to express my sincere thanks and appreciation to our interim board member Fiona Fitzmaurice who will continue to serve High Hampton in the capacity of CFO."
Robert Allen commented on his appointment as follows:
"This is an exciting time both for the Company and the industry. In High Hampton I feel that we have the skills, knowledge and resources to execute and capitalize on this opportunity. I look forward to working with the team, helping them provide returns to shareholders."
Tom Sykes added:
"I am excited about the future of High Hampton, and I am looking forward to overseeing the HR compliance and best practices of High Hampton and its acquisitions."
About Robert Allen
Robert Allen, CA, is an investor, entrepreneur, C Suite Executive with 20 plus years of experience building, leading, and advising both public and private corporations through complex restructurings, acquisitions/divestitures, and capital market transactions. He currently is engaged as a "turn around" agent where he provides strategic advisory services to Boards and Management which include the establishment of Boards and their associated Governance and policies, strategic refreshes including restructuring, and instilling accountability for results. He has also been a principal investor and participated in the startup of three Companies of which he helped take two public.
Earlier in his career Robert acted as both CFO and CEO to large public corporations (Ainsworth Lumber 2003-2009, TimberWest 2009-2012), both with revenues in excess of $1 billion. In these capacities, Robert led all facets of the businesses including, operations, marketing and transportation, business development, finance and accounting, human resources, and IT. He led the sale of TimberWest ($1.06 billion) and transitioned Ainsworth Lumber from a family-owned ($2 billion) Company. Mr. Allen's experience also includes Skeena Cellulose, a private organization with forestry holdings that included a pulp mill, three sawmills and associated timber holdings. Beginning in 1994 as a business analyst, he exited Skeena in 2001 as the CEO.
Mr. Allen holds a Bachelor of Science in Agriculture and a Master's degree in Accounting from the University of British Columbia.
About Thomas Sykes
Thomas Sykes has more than three decades of experience in the private and public sectors, having worked for the Union Pacific Railroad, Southwest Management Consulting, the City of Whittier, the State of California, the City of Commerce, the City of Industry, and managing his own consulting company. During his career he has been involved in the creation and start-up of 3 new companies (public agencies)- Foothill Transit, an award winning public transit system in the San Gabriel Valley (A public-private partnership) where he served as President of the Executive Board; the San Gabriel Valley Mosquito and Vector Control District, where he served as President of the Board of Trustees and the Chair of the Personnel Committee, as well as the Chairman of the Trustee Board of the California Mosquito and Vector Control Association; and The State of California Biodiversity Council, where he represented the Southern California Association of Governments.
Thomas Sykes is a retired City Administrator/Redevelopment Agency Executive Director for the City of Commerce, where he was responsible for 650 employees and a $100,000,000 annual budget. He also served in many other capacities during his 32 year career with Commerce, including Recreation Center Director, Management Analyst, Personnel Analyst, Assistant Director of Special Services, Director of Personnel, and Assistant City Administrator. As a 16 year elected member of the Walnut City Council, Thomas Sykes served 4 terms as Mayor, serving several years on the Southern California Joint Powers Insurance Authority Board of Directors, where he received his Risk Manager Certification.
Thomas Sykes holds a Master's Degree in Public Administration, with a Minor in Business, from California State University in Northridge, California, and a Bachelor's Degree in Recreation and Leisure Studies, from California State University in Long Beach, California.
Thomas Sykes is a member of the Society for Human Resource Management and has a vast amount of experience in the Personnel, Labor Relations and Human Resources Management field.
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 their 254,000 sq ft. greenhouse facility situated in the cannabis industrial park located in Coachella, California. CoachellaGro has received a conditional use permit (CUP) for development of a full-service production facility in order to serve third party state licensed medicinal 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.
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 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.
For further information: Please contact High Hampton, 8 Wellington St. E. Mezzanine Level | Toronto, On | M5E 1C5 | www.HighHampton.com; David E. Argudo, Chief Executive Officer, Email: [email protected], Phone: 1.844.420.CALI Or Christian Scovenna, Director & VP Corporate Finance, Email: [email protected], Phone: 1.844.420.CALI