High Hampton DeRisks Project after Receiving Positive Geotechnical Report for Coachella Cultivation Facility
TORONTO, Dec. 7, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC)(FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that it has received positive results of a preliminary geotechnical investigation and infiltration study on the proposed cannabis cultivation facility for its wholly owned CoachellaGro Asset within the Coachella cultivation zone. The report is part of the ongoing application process for the Conditional Use Permit (CUP) which is expected at the end of 2017 or early 2018.
The report was prepared by P.A. Associates Inc., based in Irvine, CA, and will be used by civil and structural engineers as a guidance and basis for their design of earthwork and foundation systems. It establishes the basic soil parameters of the project and has indicated that the project site is constructible after having analyzed items such as seismicity, soil bearing concerns, soil percolation rates (for the ponds), and various other components. The proposed cannabis facility will be comprised of a 167,916 square foot greenhouse area and 39,832 square foot production, extraction and administration facility.
Currently, the Company is awaiting comments from the Coachella City Staff on the proposed facility layout followed by a meeting of the City's planning commission to approve the CUP application. The final step will be a presentation of the development plans to the Coachella City Council where a decision on the granting of a CUP is expected at the time of the presentation.
David E. Argudo, VP Corporate Development and Director to the Company, commented:
"We are very pleased with the favourable results of this preliminary geotechnical investigation and infiltration study. In addition to the recent approval by the Coachella City Council of cannabis greenhouse facilities (see press release November 7, 2017) this positive soil report is bringing us another step closer to the Conditional Use Permit, breaking ground on the facilities and the start of cultivation."
About High Hampton Holdings
High Hampton Holdings 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 a 10.8-acre property situated in the proposed cannabis industrial park located in Coachella, California. CoachellaGro is in the application process for a conditional use permit for development of a full-service production facility in order to serve third party state licensed medical marijuana operators. The City of Coachella has been progressive in setting up city ordinance that sets aside 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.
