High Hampton, a Canadian Co. (HC:CN)
High Hampton is a penny stock on the Canadian Exchange, currently trading at $0.55 Canadian Dollars, at the time of writing this article.
High Hampton’s CoachellaGro project consists of a 10.8 acre property situated in the proposed cannabis industrial park located in Coachella, California. Management intends to build out the property to a full-service 257,000 sq. ft. cannabis production facility that serves third-party state-licensed medical marijuana operators.
High Hampton’s CoachellaGro project consists of a 10.8 acre property situated in the proposed cannabis industrial park located in Coachella, California. Management intends to build out the property to a full-service 257,000 sq. ft. cannabis production facility that serves third-party state-licensed medical marijuana operators.
In a July 31st press release High Hampton announced, that the Company has acquired 100% of all outstanding shares of HS Airway Holding (“CaliGold”), a California corporation owning the CaliGold Edibles brand.
CaliGold is a well-established and recognized edibles brand, with 7 multi-strain flavoured award-winning chocolate bars in dispensaries across California with other products ready to launch. Together the Co-Founders harbor 18 years of combined experience to the Company’s management team.
In consideration for all the issued shares of CaliGold, the shareholders of CaliGold received 13,090,905 shares in the capital of High Hampton and such shares are subject to escrow and released on certain dates or conditions.
Pursuant to the Transaction, High Hampton has made available US$2.6 million to CaliGold to further its product development, marketing, sales and working capital.
“We are very proud to be able to bring the highly-recognized CaliGold brand to High Hampton. Now we will combine our expertise with the knowledge and entrepreneurial spirit of both, Daniel and Jonathan, to further expand CaliGold’s market position, grow its revenue and diversify its product line. CaliGold with its award-winning products and established distribution network bolsters our growing position in California and fits perfectly with our consolidation strategy for this burgeoning market,” said David E. Argudo, CEO/Director of High Hampton.
“We are very excited to build our future in the cannabis industry together with the High Hampton group of companies. We look forward to working with our sister companies; CoachellaGro and 8 Points, as well as, the High Hampton executive team as they continue to build a solid portfolio of vertically integrated Cannabis companies,” said Daniel Hood, Co-Founder of CaliGold.
It is yet another case of Canadian company swooping in to invest into a California cannabis company. In comparison to the huge gains Tilray and Canopy Growth are seeing on the stock market, High Hamptons as a penny stock is struggling to gain it’s recognition on the Canadian exchange as they get overshadowed by Canadian cannabis giants.
Hearty Hemp Soup Recipe to Warm Your Soul:
Ingredients:
4 cups water
1 cube vegetable bouillon, or more to taste
3/4 cup red lentils
2 bay leaves
1/2 pound carrots, chopped
1/4 pound fresh mushrooms, finely chopped
salt and ground black pepper to taste
1 tablespoon CBD or THC olive oil
1 onion, chopped
2 cloves garlic, minced, or more to taste
1/4 pound hemp seeds
1 bunch cilantro, chopped
Instructions:
Bring water to a boil in a large pot and add vegetable bouillon to taste. Add lentils and bay leaves and simmer for 15 minutes. Add carrots, mushrooms, salt, and pepper; continue to simmer. Heat infused olive oil in a skillet over medium-high heat; saute onion until soft, about 5 minutes. Add garlic and saute until fragrant, 1 to 2 minutes. Stir onion mixture into the soup. Cook and stir hemp seeds in a separate skillet over medium-high heat until toasted and fragrant, 2 to 3 minutes. Stir toasted hemp seeds into soup. Add cilantro and cook 5 minutes more.
