High Hampton Thanks Mr. Argudo and Announces the Appointment of an Interim CEO
High Hampton Thanks Mr. Argudo and Announces the Appointment of an Interim CEO |
[16-October-2018] |
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./ CSE: HC TORONTO, Oct. 16, 2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company") today announced the resignation of its Chief Executive Officer David E. Argudo. Mr. Argudo has expressed his sincere regret in resigning from his position but has chosen to focus on his political career. Prior to his reelection, Mr. Argudo will support the Company in transition, and post his election he has agreed to act as a consultant with the Company. The Board respects David's decision and would like to acknowledge his contributions made to the Company in moving the High Hampton's key CoachellaGro asset toward production and facilitating strategic acquisitions. Following the resignation, the Company's Board of Directors has appointed the current Director and Sr. VP of Corporate Finance Christian Scovenna as the interim CEO who will serve in this position as final preparations are made for Mr. Argudo's successor. Christian Scovenna has been an integral member of High Hampton's management team from the beginning and brought the High Hampton story to the capital markets. He has spearheaded all capital market initiatives to date and is largely responsible for the Company's continued success in raising capital. The Company also wishes to announce that the current COO, Paul Mann, has been terminated effective immediately and a new COO will be announced in due time. About High Hampton Holdings Corp. High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California striving to become the largest consolidator in the medicinal cannabis sector. The Company has assembled a stellar team with cannabis, capital markets, compliance, political, licensing and brands & products supply chain experience and aggressively develops its wholly owned subsidiaries toward active operations: Social Media Facebook: facebook.com/highhampton Stock Exchanges High Hampton trades in Canada, ticker symbol HC on the CSE, and in Europe, ticker symbol 0HCN on the FSE. Neither the CSE, nor the FSE has approved nor disapproved the contents of this press release. Neither the CSE, nor the FSE accepts responsibility for the adequacy or accuracy of this release. Marijuana Industry Involvement Canadian listings (CSE) will remain in good standing as long as they provide the disclosure that is rightly required by regulators and complying with applicable licensing requirements and the regulatory framework enacted by the applicable state in which they operate. Marijuana is legal in certain states however marijuana remains illegal under US federal law and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that High Hampton's ability to access private and public capital could be affected and or could not be available to support continuing operations. On behalf of the Board of Directors High Hampton Holdings Corp. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the intention of the parties to complete the Acquisition and certain ancillary transactions contemplated thereby. These transactions are subject to a number of material risks, and there is no assurance that they will be completed on the terms or within the timeframes currently contemplated, or at all. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. All monetary references herein refer to Canadian dollars unless otherwise specified. SOURCE High Hampton Holdings Corp. | ||
Company Codes: CNSX:HC, OTC-PINK:HHPHF |
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