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The market for legal marijuana in California is already massive – and it’s projected to continue growing at an impressive rate.With more than 40 million residents, California represents the sixth-largest economy in the world…and the largest medical cannabis market in North America.
Recreational cannabis sales began in California on January 1, 2018 – and experts project that this market will generate billions in revenue over the next 12 months.
In fact, Arcview Market Research – a leading cannabis research firm – has projected California’s legal cannabis sales will grow at a compound annual growth rate (CAGR) of 23.1%, reaching an estimated $6.5 billion by 2020.
“California’s legal pot market is rolling out with a bang.”
As you might expect, this type of projected growth has generated a great deal of attention from investors. One company in particular – a company whose vision is to be a global distributor of the most sought-after cannabis products – represents one of the best ways for investors to play California’s rapidly-growing cannabis market.
That company is High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) – a unique “first-mover” seeking to consolidate California’s booming cannabis industry.
Many investors looking to profit from the early stages of marijuana in California are looking to companies focused exclusively on cannabis production. High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF), however, offers investors a multi-faceted growth strategy and engages in finance, real estate, licensing, distribution, branding and operations within the legal cannabis industry.
The recent legalization which took effect in California comes with unique restrictions and regulations that many companies will have difficulty navigating. Beginning January 1, 2018, all cultivation of marijuana in California now requires municipal AND state permits in order to legally operate.
The experienced leadership team at High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) – including experts with both cannabis and finance backgrounds – anticipated these early “growing pains” and positioned the company as a resource for smaller companies in need of assistance.
Companies looking to grow and produce marijuana in California will need to meet high standards – and potentially relocate to facilities that are properly zoned within the state – in order to receive approval to begin production.
Zoned, Permitted Cultivation Areas Are Scarce …and In High Demand.
These zoned, permitted cultivation areas are, obviously, in high demand – and extremely scarce – throughout the state of California.
Many companies are now struggling to raise enough capital to not only begin production but purchase or lease land within a licensed cultivation zone.
This is where High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) comes into play.
High Hampton’s subsidiaries intend to actively purchase land and buildings located in appropriate zones to engage in both royalty and leasehold agreements with tenants.
Compelling operating businesses offering ancillary products and services in the cannabis space are starved for growth capital and strategic partnerships.
High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) will look to capitalize on these cash flowing operations by leveraging the company’s assets and management expertise to deliver value to shareholders.
The company will provide professional management and advisory services to up-and-coming cannabis companies through its capital markets team, compliance team, licensing team and brands & products supply chain.
High Hampton’s Coachella Property Presents Growth Opportunity
One of High Hampton Holdings Corp’s primary revenue streams will involve leasing cultivation facilities to prospective cannabis producers looking to comply with California’s new regulations.
High Hampton Holdings Corp. is looking to acquire real estate in cannabis-friendly regions of California so it can then leverage its experienced management team with its properties to create a vertically integrated supply chain.
To that end, in 2017 the company acquired 100% interest in a 10.8-acre property in the Coachella region of California and is pursuing Conditional Use Permits for cultivation and manufacturing.
Located 28 miles east of Palm Springs, the City of Coachella enjoys progressive leadership, as the city has passed an ordinance allowing cultivation, processing, distribution and testing.
The City of Coachella has already granted Conditional Use Permits (CUPs) to several other companies in the region that hold over 300,000 square feet of land and the region is known for having a highly trained agricultural workforce seeking a bright future in the cannabis industry.
This has made Coachella a much sought-after destination for cannabis cultivation operations…and High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) has the advantage of already being on the ground within the city.
Once the company receives its Conditional Use Permit for its Coachella property, it will begin construction of phase one of the buildout of its 192,000 square foot cGMP greenhouse facility and 52,000 square foot admin/extraction/production and retail facility.
In addition – staying true to the company’s mission – High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) continues to look into future acquisitions that will help the company consolidate California and bring value to its shareholders.
More than 30 Years of Combined Cannabis Experience Helps
Guide High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF)
When it comes to evaluating the prospects for any company in the rapidly-growing legal marijuana industry, it’s critically important that the company have a leadership team in place with experience in the sector.
High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) is led by a proven management team with more than 30 years of combined cannabis experience. This diverse leadership group includes strong cannabis, political, legal and capital markets backgrounds…giving the company strong guidance in this early-stage growth market:
David E. Argudo – Chief Executive Officer/Director
Current elected City Official 7+ years. Consults & develops cannabis policies for local municipalities. Pioneer in developing local tax measures of cannabis in California. 25 years career in cannabis with experience in biopharmaceuticals, cancer research, real estate and mortgage financing. Member of California Growers Association, Member of Humboldt Interdisciplinary Institute for Marijuana Research (HiiMR).
Daniel Petrov – Chief Operating Officer/Director
Mr. Petrov has founded a number of successful Cannabis companies and most recently served as Executive Vice President at Aurora Cannabis Inc. (TSXV: ACB) from prior to its listing onto the CSE until mid 2016. Daniel is currently the CEO of Aura Health Studio, a medical marijuana dispensary licensed by the City of Vancouver.
Richard Polanco – Director/President
Former California State Senate Majority Leader and Founder of the California Latino Legislative Caucus (1990). Career advocate for medicinal cannabis in California, and active proponent for Prop 64 legalization. Currently a strategic advisor to a company focused on cannabis testing.
Christian Scovenna – VP Business Development/Director
Mr. Scovenna has over ten years of experience in capital markets, business development, and investor relations. He currently serves as Director & VP Corporate Development of Enforcer Gold Corp. (VEIN-TSX.V).
Fiona Fitzmaurice – Chief Financial Officer/Director
Fiona Fitzmaurice is a chartered certified accountant with 12 years of experience in accounting and financial control. Fiona is currently CFO of Enforcer Gold Corp. (TSXV: VEIN) and acted previously as financial controller for Noront Resources Ltd. where she was involved in private placements, prospectus filings, flow-through financings and corporate audits. Fiona holds a BA in accounting and finance from the Athlone Institute of Technology in Ireland.
The Next 12 Months Could Bring Strong Activity for High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF)
Investors looking for opportunities to profit from the rapidly-growing legal cannabis market in California have a number of options to consider – including many prospective production companies.
But High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF) offers investors the advantage of an experienced management team plus a unique, diversified business model that could provide smarter exposure to this fast-moving market.
The next 12 months – which could feature the awarding of a Conditional Use Permit (CUP) and the beginning of construction on the Coachella property as well as additional potential acquisitions – could see a flurry of activity for High Hampton Holdings Corp. (CSE: HC ; OTC: HHPHF).
Investors looking to take advantage of California’s legal marijuana “boom” would be wise to begin their due diligence right away.