CFN Exclusive Interview with High Hampton Holdings Corp. CEO: Building a Presence in California through Existing Growers
March 20th, 2018
Exclusive, News, Top Story
California’s cannabis industry is projected to exceed $5 billion by next year, according to BDS Analytics, creating an enormous opportunity for investors. While investors have many opportunities in the space, most companies are focused on building out their own operations in what could amount to high capital expenditures and high risk. Investors may want to instead consider companies that are working with existing growers and established brands.
High Hampton Holdings Corp. (CSE: HC) plans to build an impressive 220,000 sq. ft. cannabis campus on 10.8 acres of land in Coachella, California. Through leaseback transactions and consulting services, the company hopes to work with existing growers to bring them into the fold in the new legal cannabis market. This approach could have numerous benefits over building out everything on its own, which means investors may want to take a closer look.
California’s Fragmented Market
California’s move to legalize adult-use cannabis on January 1, 2018 has created the largest single market in the world. According to BDS Analytics, the state’s retail cannabis sales are expected to reach $3.7 billion by the end of the year and increase to $5.1 billion in 2019 as more dispensaries come online. These figures put the industry on track to exceed the state’s beer industry, which stood at just $5 billion in 2017, according to IBIS World.
Despite the new opportunity, many existing cannabis growers face a lot of uncertainty with the new laws in place. They may have been able to get by without detailed recordkeeping in the past, but new laws have much stricter requirements for everything from zoning to testing. In some cases, existing growers would be forced to relocate to approved area. These concerns have kept many growers in the shadows.
“If the overall goal of the program was to favor a corporate, big-dollar, new-money industry, then we have succeeded,” said Sonoma County Agricultural Commissioner Tony Linegar at a first-of-its-kind meeting in March 2018 between existing growers and cannabis lawmakers. “If the goal was to create a workable pathway for existing operators, then I think we have failed.”
High Hampton’s Unique Strategy
High Hampton aims to address these issues using its 244,000 sq. ft. facility on 10.8 acres in Coachella, California. On that property, the company is building out eight 22,000 sq. ft. greenhouses with the goal of developing a fully-integrated cultivation, production, and extraction operations. The company aims to provide growers with high-tech cultivation facilities and management expertise to bring them into the fold through leaseback agreements.
Many of these growers have already build a loyal customer base and have established brands, which makes them potentially lucrative when brought into the legal market. At the same time, Coachella represents a unique opportunity given its popular music festival, agriculturally-focused economy, and tourism destination. These attributes could be extremely valuable when building brands in the space.
The company has also overcome many key hurdles facing legal operators in the space. For example, energy costs tend to be among the most significant hurdles for cultivators, but the company has developed greenhouse plans that use 65 percent less energy than traditional greenhouses. This is accomplished by combining natural sunlight with artificial lighting and ensuring that the entire environment is semi-sealed and tightly controlled.
After going public on the Canadian Securities Exchange on September 15, 2017 High Hampton Holdings Corp. (CSE: HC) offers investors a unique opportunity to capitalize on California’s unique cannabis industry. The company’s plan to build relationships with generational growers in California and reach customers in the major hubs throughout the state creating a significant opportunity for investors.
For more information, visit the company’s website at www.highhampton.com.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://www.cannabisfn.com/legal-disclaimer/
Follow Us on Social Media
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.