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TSX: ACB CSE: HC
TORONTO and EDMONTON, July 16,
2018 /CNW/ - High Hampton Holdings Corp. (CSE: HC) ("High
Hampton") and Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB:
ACBFF) (Frankfurt: 21P; WKN:
A1C4WM) are pleased to announce that High Hampton has engaged with
globally leading hybrid greenhouse engineering and design
consultancy Aurora Larssen Projects Inc. ("ALPS"), a wholly owned
subsidiary of Aurora, for the design of its cannabis cultivation
facility at CoachellaGro, near Palm
Springs, California. With the recently awarded Conditional
Use Permit (CUP) (see High Hampton press releases from May 3 and June 7, 2018), High Hampton now enters
an active construction phase at CoachellaGro, and ALPS will advise
the Company on aspects of design, engineering and the construction
of its facilities.
Larssen Ltd ("Larssen"), now ALPS, was acquired by Aurora as a
dedicated hybrid greenhouse design and consulting arm for its
global operations. Led by renowned engineer Thomas Larssen, ALPS has set the industry
standard in high-tech, automated, environmentally controlled
cultivation facilities for over 30 years and excels in the
successful implementation of cutting-edge automation features, and
proprietary design characteristics that generate exceptional
yields, as well as the use of advanced energy efficient materials
and technologies. Larssen has been involved with over 1,000
projects around the globe, including Aurora Sky, a high-technology,
800,000 square feet, 100,000 kg per annum, low production cost
hybrid facility, and is currently engaged with over 15 cannabis
industry clients globally, including 5 Canadian licensed
producers.
David E. Argudo, CEO/Director of
High Hampton, commented, "As we near the start of construction in
Coachella, we continue to assemble
a best-in-class team for this next phase. By engaging and
integrating the work of ALPS with Infrastructure Engineers Ltd and
general contractor Vertical Construction Inc. we will be able to
finetune our design plans ensuring the construction of
highly-efficient cultivation facilities, resulting in high-quality,
low-cost production. We are looking forward to working closely with
ALPS and strongly believe that our operation will greatly benefit
from their experience and technological advancements."
Terry Booth, CEO of Aurora
Cannabis, stated, "ALPS continues to expand its footprint as the
designer of choice for highly automated, hyper-efficient, low
production cost cannabis facilities around the world. The
differences between a typical glass house and what will be the
ALPS-designed CoachellaGro facility are numerous and significant.
CoachellaGro is better described as an environmentally controlled
indoor grow operation with supplemental sun."
Thomas Larssen, President of
ALPS, added, "The Coachella team
are well organized and have chosen a proven, efficient design,
taking advantage of the world's most advanced cultivation
technologies. Eliminating the risk of weather, disease and
pests, combined with strict environmental controls, has been proven
to provide substantially higher yields and consistently
high-quality product. We look forward to working with the
ChoachellaGro team in developing this new project."
About Aurora
Headquartered in Edmonton,
Alberta, with funded capacity in excess of 430,000 kg per
year and sales and operations in 14 countries across five
continents, Aurora is one of the world's largest and leading
cannabis companies. Aurora is vertically integrated and
horizontally diversified across every key segment of the value
chain, from facility engineering and design to cannabis breeding
and genetics research, cannabis and hemp production, derivatives,
high value-add product development, home cultivation, wholesale and
retail distribution. Aurora, from day one of its existence, has
been steadfast in its respect for the cannabis community, the
culture and its pioneers, as well as has been a strong supporter of
and advocate for access to cannabis.
Highly differentiated from its peers, Aurora has established a
uniquely advanced, consistent and efficient production strategy,
based on purpose-built facilities that integrate leading-edge
technologies across all processes. Intended to be replicable and
scalable globally, these production facilities are designed to
produce cannabis of significant scale, with high quality,
industry-leading yields, and ultra-low per gram production costs.
Each of Aurora's facilities is built to meet European Union (EU)
GMP standards, and both its first production facility and its
wholly owned European medical cannabis distributor Pedanios have
achieved this level of certification.
In addition to the Company's rapid organic growth and strong
execution on strategic M&A, which to date includes nine
companies acquired - CanvasRX, Peloton Pharmaceutical, Pedanios, H2
Biopharma, Urban Cultivator, BC Northern Lights, Larssen, CanniMed
Therapeutics, and Anandia Labs - Aurora is distinguished by its
reputation as a partner of choice and employer of choice in the
global cannabis sector, having invested in and established
strategic partnerships with a range of leading innovators,
including: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD),
Radient Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc.
(TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies
Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Namaste
Technologies Inc. (TSXV: N), Evio Beauty Group (private), and
Alcanna Inc. (TSX: CLIQ).
Aurora's Common Shares trade on the TSX under the symbol "ACB",
and are a constituent of the S&P/TSX Composite Index.
For more information about Aurora, please visit our investor
website investor.auroramj.com.
About High Hampton
High Hampton Holdings Corp. is a cannabis sector investment
company focused on opportunities in California. The Company's wholly owned
subsidiary, CoachellaGro Corp., is a California corporation focused on the
development of their 254,000 sq ft. greenhouse facility situated in
the cannabis industrial park located in Coachella, California. CoachellaGro has
received a conditional use permit (CUP) for development of a
full-service production facility in order to serve third party
state licensed medicinal marijuana operators. The City of Coachella has been progressive in
setting up city ordinance that sets aside over 90 acres within
which will be a legal framework for the cultivation, production,
extraction and transportation of cannabis. The complex is intended
to contain all the necessary; security, infrastructure, equipment,
labour and skilled management, supplies and ancillary services for
a closed loop production process flow.
Social Media
Facebook: facebook.com/highhampton
Twitter: twitter.com/highhamptonHC
LinkedIn: linkedin.com/HighHampton
On behalf of the
Board of
Directors
|
On behalf of the
Board of Directors
|
|
|
Terry Booth,
CEO
|
David E. Argudo,
CEO/Director
|
Aurora Cannabis Inc.
|
High Hampton Holdings
Corp.
|
Marijuana Industry Involvement
Canadian listings (CSE) will remain in good standing as long as
they provide the disclosure that is 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.
Forward looking statements
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking
statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making
the projections contained in the forward-looking statements
throughout this news release. Forward-looking statements are based
on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. The companies are under no obligation,
and expressly disclaim any intention or obligation, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
Stock Exchanges
High Hampton trades in
Canada, ticker symbol HC on the
CSE. The CSE has not approved or disapproved the contents of this
press release, nor does it accept responsibility for the adequacy
or accuracy of this release.
Aurora trades in Canada,
ticker symbol ACB, on the TSX. Neither TSX nor its Regulation
Services Provider (as that term is defined in the policies of
Toronto Stock Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All monetary references herein refer to Canadian dollars
unless otherwise specified.
SOURCE High Hampton Holdings Corp.