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High Hampton Holdings announced that the Mojave Jane facility is set to commence full scale production in Coachella City, California, in January 2019

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The 2,500-square-foot production facility, located in the cannabis friendly zone of Coachella City, is licensed to produce both volatile and non-volatile extractions.

Additional Information:

Company: High Hampton Holdings
Website: http://www.HighHampton.com
Stock Symbol: CSE: HC
Date Published: Dec 19, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

High Hampton Holdings announced that its fully owned subsidiary’s Mojave Jane facility is set to commence full scale production in Coachella City, California, in January 2019.

The 2,500-square-foot production facility, located in the cannabis friendly zone of Coachella City, is licensed to produce both volatile and non-volatile extractions.

The recently upgraded facility utilizes state of the art CO2 extraction capable of producing approximately 115 litres of clear distillate per month.

With multiple supplier relationships in place with California cultivators, Mojave Jane has secured a supply of laboratory tested, pesticide-free raw materials across the state, allowing the company to build to a steady production rate on a monthly basis.

The Mojave Jane production output will be used to supply multiple brands on a white label basis including High Hampton's 100% owned CALIGOLD, which produces medicinal grade cannabis edible chocolate bars and vaporizer pens.

Mojave Jane's initial production of 25 litres per month is expected to ramp up to approximately 115 litres by the second quarter of 2019.

At current market pricing, that level of production will drive monthly revenues of US$1 million with total annualized top-line revenue projections expected to reach US$12 million to US$14 million on a 35% gross margin basis.

Christian Scovenna, Director, stated: "The Board and Executive Team of High Hampton are very excited to announce the start of production at Mojave Jane's Coachella extraction facility in January of 2019. We are encouraged by the top-line revenue projections and see this as a catalyst moving the company in the right direction and milestone for High Hampton in creating shareholder value."

Gary Latham, CEO, added: "While Mojave Jane's production delivers revenue and cash flow to the Company, it also means realizing the advantages of integrating with High Hampton's complete portfolio. That is where the real long term value of this company will be realized."

The company has 2 other 100% owned subsidiaries including 420 Realty, LLC, which has applied for multiple permits to vertically integrate a facility in the City of Cudahy, in the Greater Los Angeles area of California, for a development agreement including cannabis cultivation, nursery, manufacturing, delivery, and distribution licenses on a single parcel location.

8 Points Management, LLC serves the cannabis industry with sales, marketing, transportation, and supply chain management services through its subsidiary Bravo Distro LLC.

Bravo's customers include California storefront dispensaries, delivery services, and chain stores, as well as non-retail accounts of cannabis such as manufacturers, cultivators, and the emerging CBD medical market of clinics, universities, research, veterinary, and other sciences with an expanding customer base.

The shares are trading at $0.20.

For more information, please visit the company’s website at www.HighHampton.com, contact Gary Latham, CEO, at 703-629-5338 or email glatham@HighHampton.com or Christian Scovenna, Director, at 416-453-4708 or email christian@HighHampton.com.

I’m Samantha Deutscher for Investmentpitch Media