High Hampton Holdings Corp. (CSE: HC) (FSE: 0HCN) is pleased to announce that, further to its news releases on February 9,  February 12 and March 8, 2018, it successfully closed a non-brokered private placement of 31,703,565 units of the Company  at a price of $0.60 per Unit for gross proceeds of approximately $19 million.

David E. Argudo, CEO of High Hampton, commented:

“First and foremost, I would like to thank our shareholders for the overwhelming amount  of support and interest we have received for this Offering. It represents a strong vote of confidence for our company and team to deliver on High Hampton’s near and long-term  goals. Our strategic plan for 2018 is laid out, and we are now in an excellent financial  position to aggressively pursue its execution and create sustainable value for our shareholders.”

Each Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one additional Common Share at an exercise price of $0.90 for a period of 24 months following the closing of the Offering.

The Company intends to use the net proceeds to complete phase one of its Coachella  development, finance strategic growth opportunities, and for general and corporate purposes.

In connection with the Offering, the Company paid to eligible finders approximately $1,129,286 in cash and issued 1,723,814 non-transferable finder’s warrants. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at an exercise price of  $0.90 for a period of 24 months following the closing of the Offering.

Five insiders of the Company subscribed for 840,000 units, which constitutes a “related party

transaction” within the meaning of Multilateral Instrument 61-101 – ​Protection of Minority Security Holders in Special Transactions. The issuance to the insider is exempt from the formal valuation and the minority shareholder approval requirements of MI 61-101 as the fair market value of the units issued to or the consideration paid by such person did not  exceed 25% of the Company’s market capitalization.

All securities issued in connection with the Offering are subject to a four month holder period  expiring July 14, 2018.

None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements   of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

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 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.