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High Hampton Holdings Corp (3)
Symbol C : HC
Shares Issued 104,078,316
Close 2019-05-03 C$ 0.35
Recent Sedar Documents

High Hampton shareholders approve all matters at AGM

2019-05-03 09:40 ET - News Release

Mr. Gary Latham reports

HIGH HAMPTON REPORTS RESULTS OF ITS 2019 ANNUAL GENERAL MEETING

High Hampton Holdings Corp. has released the results of its annual general meeting held on Friday, April 12, 2019, at the company's Toronto head office.

All resolutions were passed by the requisite majority of shareholders, including:

  • Ratification of the company's stock option plan and the amendment to the restricted stock unit plan;
  • Appointment of Manning Elliot LLP as auditor;
  • Setting the number of board directors at six.

Current board members Dieter MacPherson, Cam Birge and Robert Allen were re-elected; proposed directors AJ Gentile and Gary Latham were confirmed as new members to the board.

High Hampton thanks Richard Polanco, who did not stand for re-election, for his dedicated service to the board and wishes him well for his future engagements. The company's senior vice-president of corporate finance, Christian Scovenna, also did not stand for re-election to the board and will focus on his position within High Hampton's executive management.

Cam Birge, independent director of the board, commented: "We are truly grateful to both Richard Polanco and Christian Scovenna for their contributions to our board, and we welcome our new members Gary Latham and AJ Gentile as they embark on their new roles. I believe we have assembled an exceptional group to oversee the company, and I look forward to working with our established and new members. Having AJ Gentile, the CEO [chief executive officer] of 2083 Group, come on board signifies the importance of the impending partnership between our two companies, and we expect to bring the proposed transaction of taking a minority stake in 2083 Group to a successful close very soon."

Daniel Petrov has resigned from the board of directors, effective today.

Mr. Petrov has served on High Hampton's board from the very beginning. He has been an instrumental part of crafting the early vision for the company. He has founded a number of successful cannabis companies and, most recently, served as executive vice-president at Aurora Cannabis Inc. from prior to its listing onto the Canadian Securities Exchange until mid-2016. He currently holds the position of chief executive officer of Aura Cannabis Inc., a Canadian cannabis company creating best-in-class retail experiences across Western Canada.

"On behalf of the High Hampton team, I would like to thank Daniel for his time and dedication as a valued board member," commented Gary Latham, High Hampton's chief executive officer and a director. "We truly appreciate the contributions he has made in bringing the company to where it is today and his efforts to position High Hampton for future growth. I wish him all the best for his future as an instrumental figure in the cannabis industry."

Mr. Petrov commented: "The cannabis sector is ever-changing, and High Hampton has certainly been one of the early players in the legal recreational cannabis space in California. I have been committed to remaining a director in the company until I believed the company to be solidly on track and managed by a strong and focused team. Gary and the board have succeeded in building a very knowledgeable and experienced team, and are well positioned with a promising strategy for aggressive development."

About High Hampton Holdings Corp.

High Hampton Holdings is a Canadian-based cannabis sector investment company emerging as a true vertical integrator in California's legal cannabis space serving recreational and wellness markets. The company's United States holdings consist of assets set up as a vertical stack including a distribution arm through Bravo Distro; branding, packaging, manufacturing and processing carried out through Mojave Jane and Caligold; and cultivation to scale via CoachellaGro and 420 Realty. Operating out of licensed strategic locations within the state, High Hampton is leveraging its brand-focused business model to generate sustainable profits delivering quality product by recognized brands.

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