TORONTO, Jan. 10, 2019 /CNW/ – High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) (“High Hampton” or the “Company”) is pleased to announce that its wholly owned subsidiary 420 Realty LLC (“420 Realty”) has received six California State cannabis licenses to operate at its facility located in the City of Cudahy.
On December 9, 2018, the City of Cudahy officially executed the Development Agreement (DA) with 420 Realty which granted full local authority to develop the property and conduct cannabis business operations under the conditions set forth in the development agreement. Shortly thereafter, 420 Realty submitted six applications to the State for temporary licensing. All six applications were approved by the State for operations in the following categories:
- nursery
- cultivation processing
- cultivation
- non-storefront retail
- Type 7 manufacturing
- distribution
“With the development agreement and temporary licenses in hand, we can begin development of the facility in Cudahy, which is a central part of High Hampton’s strategy to serve the lucrative Southern California market”, said High Hampton CEO Gary Latham. “Demolition work is set to commence shortly, followed by the facility improvements that will provide a first class home to the growing portfolio of our operations, from manufacturing to infusions/edibles to distribution. We look forward to working with the State to transition these temporary licenses to annual licenses, a process that has already begun. In the meantime, our temporary licenses allow us to conduct business with other licensed operators for the next 180 days.”
The Cudahy facility represents a strategic location for High Hampton to take its brands into the Southern California market, including CALIGOLD and Mojave Jane. Bravo Distro will also operate out of the Cudahy facility, providing distribution services for High Hampton’s brands and other high quality products.