High Hampton Holdings Corp (CSE:HC) (OTCMKTS:HHPHF) announced Tuesday its 2019 strategy of being a "brands and distribution leader" in California.
The Toronto-based company said in a statement that it will own and operate the processes that allow the company to manufacture, infuse and package branded recreational and wellness products.
High Hampton said it will also focus on owning and operating the “paths to market;” deploy data collected through distribution to understand demand; and control the supply chain, starting with product-focused strains at its Los Angeles-area nursery and continuing through the cultivation cycle.
"This is an exciting time for High Hampton,” CEO Gary Latham said. “We will be in revenue early in 2019, with an aggressive growth path through the year and beyond.”
The company added that it will establish two corporate entities in California, with the first managing operations and personnel that have a direct relationship with cannabis products and the second managing operations and staff associated with human resources, finances and legal.
Shares slipped C$0.01 to C$0.33 in Monday’s Canadian trading. They edged up US$0.01 to US$0.25 on the OTC Markets.
High Hampton climbed Jan. 30 after saying in its quarterly financial statement that liquidity remains strong, with more than C$9 million in cash as of November 30.
Contact Dennis Fitzgerald at [email protected]