After acquiring a fifth wholly owned subsidiary earlier in the week, Ontario-based High Hampton Holdings Corp. (CSE: HC) just announced the appointment of two new members of senior management.
As of this morning, Tim Baird has been approved by the board of directors to act as the company’s new COO (Chief Operations Officer). In his new role as COO, Baird will oversee High Hampton’s growing list of subsidiary entities.
In addition, Gary C. Latham has been appointed as the company’s new CEO (Chief Executive Officer). Latham is transitioning into the role after acting as a key contributor to High Hampton’s latest acquisition, Mojave Jane LLC.
High Hampton Director Christian Scovenna had this to say about the new additions to upper management:
“We welcome Gary and Tom aboard and to the High Hampton executive management. Our board appointed seasoned leaders who can navigate the company through this phase of development and as we move our subsidiaries toward active operations and more growth.”
Although based in Toronto, High Hampton’s main operations take place in California, where the company focuses on acquiring brands, leasing buildings, and buying land for cannabis grow facilities.
Most recently, High Hampton acquired 100% interest in Mojave Jane, a California cannabis extracts producer that uses C02 extract and distillation methods to create both recreational and medical products.
New Chief Operating Officer Tom Baird also commented:
“I am looking forward to getting into the nitty-gritty of the High Hampton cannabis operations throughout California. Finding synergies, establishing and optimizing production processes and scaling according to market demands are going to be the key near-term objectives to solidify our subsidiaries as viable contributors and create sustainable value for our shareholders.”
Recreational and medical cannabis are legal in California at the state level, although marijuana remains illegal at the federal level across the United States.
The issue of keeping marijuana legal in California was recently brought up during the 2018 governor’s race earlier this month.
With full recreational legalization arriving in Canada thanks to the Cannabis Act last month and state-wide legalization hitting California in 2016, the issue of border crossing has become a chief concern for the marijuana industry due to federal restrictions in the US.
California representative Lou Correa recently sent a letter to the US Department Of Homeland Security seeking clarification on border crossing protocols for Canadians involved in the marijuana industry, with legislation to change restrictive procedures expected to be introduced in the coming session.
The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Grizzle hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.