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High Hampton Moves Forward with CoachellaGro Project -- CFN Media


Posted on: 03 Aug 18

SEATTLE, Aug. 03, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced publication of an article covering High Hampton Holdings Corp.’s (CSE:HC) (CSE:HC.CN) (CNSX:HC) (FSE:0HCN) CoachellaGro project, providing investors with a compelling opportunity to capitalize on the state’s massive growth. With permits in place and construction beginning, investors may want to take a closer look at the stock.

The Californian cannabis industry is projected to exceed $7.7 billion by 2021, according to Arcview Market Research, making it one of the largest cannabis markets in the world. While there are many opportunities in Canada, investors have fewer options in the United States where cannabis remains a Schedule I Controlled Substance on a federal level. The good news is that there are some public companies that are well positioned in the space.

California’s Growing Market

California was one of the first jurisdictions in the world to legalize medical marijuana back in 1996. Since then, the state has become a mainstay for the legal cannabis industry with thousands of growers and dispensaries, and millions of medical marijuana patients. The state’s cannabis culture has also rapidly evolved over the past several decades and the drug is becoming increasingly mainstream throughout society.

In November 2016, Californians approved Proposition 64 to legalize adult-use cannabis in a move that created one of the largest legal cannabis industries in the world overnight. State regulators have worked to develop the rules and regulations over the past year and a half to govern the distribution and sale of cannabis under these new rules. And earlier this month, they published the first draft of permanent marijuana rules.

Arcview Market Research analysts project that the market will exceed $7.7 billion by 2021, making it one of the largest cannabis markets in the world. With new regulations in place, the industry is poised to become a major revenue center for the California government while efficiently serving millions of medical and adult-use cannabis users. Investors may want to take note of these trends as the new permanent rules go into effect.

CoachellaGro’s Massive Potential

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.

On May 3, the company announced that the project was awarded a conditional use permit (CUP) and is entering an active construction phase. The company later announced that it retained Vertical Construction Co. as a full-service builder that specializes in ground-up construction for office, retail, biomedical, and pharmaceutical environments, which should help ensure that the building is constructed to GMP-certified standards.

Hiring Aurora for the Build Out

High Hampton recently hired Aurora Cannabis Inc.’s (TSX:ACB) (OTC:ACBFF) wholly-owned subsidiary, Aurora Larssen Projets Inc., or ALPS, to design the CoachellaGro cannabis cultivation facility. The industry-leading hybrid greenhouse engineering and design consultancy will advise the company on aspects of design, engineering, and construction of its facilities and ultimately work to ensure its long-term success.

“As we near the start of construction in Coachella, we continue to assemble a best-in-class team for this next phase,” said High Hampton CEO David E. Argudo. “By engaging and integrating the work of ALPS with Infrastructure Engineers Ltd. and general contractor Vertical Construction Inc., we will be able to fine-tune our design plans, ensuring the construction of highly-efficient cultivation facilities, resulting in high-quality, low-cost production.”

ALPS is led by the renowned engineer, Thomas Larssen, and has set the industry standard for high-tech, automated, environmentally-controlled cultivation facilities. Over the past 30 years, the company has worked with five Canadian licensed producers to work on over 1,000 projects worldwide, including Aurora Cannabis’ Aurora Sky facility, which consists of 800,000 sq. ft. of growing space that is estimated that it will produce 100,000 kilograms per year.

Looking Ahead

High Hampton Holdings Corp. (CSE:HC) offers investors a compelling opportunity to invest in California’s rapidly growing cannabis industry. As California regulators work to finalize their plans, the company is working to construct its massive 194,000 sq. ft. greenhouse within the Coachella, California grow zone, located nearby Palm Springs and Los Angeles.

For more information, visit the company’s website at www.highhampton.com.

Please follow the link to read the full article: http://www.cannabisfn.com/high-hampton-moves-forward-coachellagro-project/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

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: http://www.cannabisfn.com/legal-disclaimer/

Frank Lane
206-369-7050
Flane@cannabisfn.com

GlobeNewswire
globenewswire.com

Last updated on: 06/08/2018

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