Proactive Investors - Run By Investors For Investors

High Hampton Holdings closes its acquisition of CaliGold

The deal adds seven multi-strain flavoured award-winning chocolate bars in dispensaries across California
High Hampton Holdings closes its acquisition of CaliGold
High Hampton is an investment firm focused on opportunities in California

California-focused High Hampton Holdings Corp (CSE:HC) revealed it had closed its previously announced acquisition of  CaliGold.

This is a California company, which owns the CALIGOLD Edibles brand.

The deal adds seven multi-strain flavoured award-winning chocolate bars in dispensaries across California, with other products ready to launch, and 18 years' combined experience to its management team between Co-founders Daniel Hood and Jonathan Schwartz

"We are very excited to build our future in the cannabis industry together with the High Hampton group of companies," said Daniel Hood, co-Founder of CALIGOLD.

"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."

High Hampton is developing a 254,000 sq ft greenhouse in the cannabis industrial park in the city of Coachella in California.

CALIGOLD is now the fourth 100% owned subsidiary by High Hampton.

In consideration, shareholders of CALIGOLD received over 13mln High Hampton shares, which are subject to escrow and released on certain dates or conditions.

High Hampton has also made available US$2.6mln to CALIGOLD to further its product development, marketing, sales and working capital.

"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," David E. Argudo,  chief executive and director of High Hampton, told investors.

High Hampton shares fell 6.78% to C$0.55.

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full HC profile View Profile

High Hampton Holdings Corp Timeline

Related Articles

Laboratory testing
October 09 2018
Fifteen patients have been enrolled in the trial being carried out at Children’s Hospital of Philadelphia in the USA.
High Hampton Holdings set to add near term revenue to bottom line with Mojave Jane acquisition
November 12 2018
Mojave Jane is a California-licensed manufacturer of premium cannabis extracts and concentrates for buyers in the US state
August 28 2018
Tidal Royalty provides capital to help grow licenced US cannabis firms in exchange for receiving a percentage of future top-line revenues.
Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use