High Hampton Holdings Corp reports the first quarter 2019 financial results

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High Hampton Holdings Corp. (CSE: HC) (FSE: OCHN) ("the "Company") today announced that it has filed its Consolidated Unaudited Financial Statements for the quarter ended November 30, 2018. The Consolidated Financial Statements and Management Discussion and Analysis are available on SEDAR at www.sedar.com.

Quarter ended November 30, 2018 Highlights:

  • Liquidity remains strong with over $9 million in cash as at November 30th, 2018.
  • On October 3, 2018, High Hampton announced that it had secured 7 Megawatts of power for its CoachellaGro facility.
  • On November 12, 2018, the Company completed the acquisition of Mojave Jane. Mojave Jane is a California licensed manufacturer of premium cannabis extracts and concentrates for the Californiamarkets. Based in Coachella, CA, and licensed for 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.
  • On November 15, 2018, High Hampton announced the appointment of appointment of Gary C. Latham, an influential figure in the California cannabis market, to the role of Chief Executive Officer (CEO) for the Company. Mr. Latham is regarded as a leader with his hands-on experience in starting, building and growing middle market to Fortune 500 organizations and spent the last few years exclusively in the California cannabis space.

Subsequent to the quarter:

  • On December 19, 2018, High Hampton's subsidiary Mojave Jane announced the start of full-scale production at its extraction facility in Coachella for January 2019.
  • On January 10, 2019, High Hampton announced that its subsidiary 420 Realty received six California State cannabis licenses to operate at its facility located in the City of Cudahy in the following categories: nursery, cultivation processing, cultivation, non-storefront retail, Type 7 manufacturing, distribution.

"The past quarter saw us heavily engaged in making the acquisitions of 2018 operational.  Both Mojave Jane and CaliGold have cleared the States licencing hurdles and will begin generating revenues in January 2019. Bravo, High Hampton's cornerstone distribution business, has made excellent progress toward operations as well and is expected to be licensed in May/June 2019. Once all of these assets reach their respective operational capacities the Company will be financially self-sustaining. We are excited by the potential of these assets and look forward to generating greater shareholder value', commented Mr. Gary Latham, Chief Executive Officer of High Hampton.

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