/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
TORONTO, Feb 27. 2019 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company"), a cannabis branding and distribution company in the U.S. market, today announced the launch of three new cannabis edibles products to California dispensaries through its wholly owned subsidiary CALIGOLD.
Known for its quality cannabis chocolates, CALIGOLD is making use of its brand by expanding into the concentrates market with CALIGOLD Live Resin, CALIGOLD Sugar and CALIGOLD Sauce.
This unique cannabis sauce, also known as high terpene full spectrum cannabis extract, is rich in THCA and results in a perfect blend of cannabinoids and terpenes. The terpenes give the product its smell and flavour while creating the so-called Entourage effect, which is a way to describe how cannabinoids and terpenes work together to create a therapeutic effect. Due to its high terpene levels the sauce is a favoured concentrate with customers.
CALIGOLD CBD Live Resin
The CBD Live Resin represents an alternative to the smoking of flower for CBD intake. These concentrates are made from cannabis flowers that were frozen immediately after harvest, preserving terpenes and resulting in the Resin retaining the plant's original flavour and freshness. The CALIGOLD CBD Live Resin has a 1:1 ratio of THC to CBD making it an ideal blend for those needing both cannabinoids. A 1:1 ratio produces a balanced effect the way nature intended.
CALIGOLD Sugar has a consistency similar to table sugar. It is a popular customer choice for those looking for a product that is higher in THC content and lighter in terpenes when compared to other concentrates.
Gary Latham, CEO of High Hampton Holdings, comments:
"With customers continuously looking for different ways to consume, we are very proud to be launching three new concentrate products as part of the well-known CALIGOLD brand. This expansion of our product portfolio adds topline revenue, and as more of our brands will come online in 2019, we will increase revenue generation and create sustainable value for our shareholders."
Daniel Hood, co-founder of CALIGOLD, adds:
"Launching this line of concentrates represents a seamless expansion from our cannabis-infused chocolate bars. We have perfected each concentrate in the lab using only the best quality ingredients and industry-leading processes. These products will be available in dispensaries across California, and additional innovative product launches are underway as well here at CALIGOLD."
About High Hampton Holdings Corp.
High Hampton Holdings Corp. is a Canadian-based cannabis sector investment 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 distribution, branding & packaging, manufacturing & processing, and cultivation to scale based on its own production requirements. Operating out of licensed strategic locations within the state, High Hampton is leveraging its consumer-driven business model to generate sustainable profits delivering quality product by recognized brands:
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's other California assets include:
CoachellaGro Corp., a California corporation with a 10.8 acre property 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.
420 Realty, LLC has been awarded 6 temporary licenses by the state to vertically integrate in the City of Cudahy, CA (Greater Los Angeles Area) including cultivation (processing only), retail non-storefront (delivery only), distribution, cultivation (nursery), cultivation (flower) and type 7 manufacturing.
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.
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.
For further information: 8 Wellington St. E. Mezzanine Level | Toronto, On | M5E 1C5 | www.HighHampton.com; Gary Latham, Chief Executive Officer, Email: [email protected], Phone: 703.629.5338; Christian Scovenna, Director, Email: [email protected], Phone: 416.453.4708