High Hampton Receives Favourable Environmental Site Assessment inching closer to Award of Conditional Use Permit (CUP) for CoachellaGro Asset
TORONTO, Dec. 15, 2017 /CNW/ - High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) ("High Hampton" or the "Company") is pleased to announce that it has received a favourable Environmental Site Assessment ("ESA") on its 10.8 acre land parcel within the Coachella cultivation zone. The ESA was recommended by Infrastructure Engineers Inc. as a precautionary measure to rule out the existence of any hazardous conditions as a result of a past use of the property. In summary, the ESA states that no evidence was found for any Recognized Environmental Conditions ("REC"), and that no further environmental investigation is deemed necessary at this time. The positive ESA brings the Company closer to the Award of a Conditional Use Permit (CUP) for its CoachellaGro Asset which is expected early 2018.
The ESA was prepared by Irvine, California based P.A. & Associates Inc. and received by Infrastructure Engineers Inc. on December 11, 2017. Prepared as a Phase I Assessment, the surveys undertaken as part of the report seek information from property records, historical data bases, and city files to identify hazardous conditions which may have occurred or were likely to have occurred in the past history of the property. The existence of hazardous material can affect property development, financing and the ability to sell the land.
The ESA also included the following key findings:
According to RWQCB's (Regional Water Quality Control Board) GeoTracker website, the site is not listed in any of the databases;
According to DEH (Department of Environmental Health), there are no environmental violations records for the site;
There were no builds known to exist on the site, no buildings found on the site, nor any processing that could lead to generation, storage and/or transportation of hazardous material on site.
David E. Argudo, CEO of High Hampton, commented:
"As we move forward toward the Conditional Use Permit (CUP), I am content with the favorable result of the Phase 1 ESA that indicates that there is no evidence of Recognized Environmental Conditions. We are extremely pleased with the progress to date on our CoachellaGro operation and are ahead of schedule in the permitting process with respect to the Conditional Use Permit (CUP) and a Phase I ESA. We look forward to a successful 2018 and wish to thank our shareholders for their support during an incredible 2017."
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.
