High Hampton Holdings Corp CEO resigns as board names interim replacement

High Hampton Holdings Corp () (OTC:HHPHF) announced on Tuesday the resignation of chief executive officer David Argudo as he plans to focus on a political career.

The company's board of directors said in a statement it has appointed the current director and s vice president of corporate finance Christian Scovenna as interim CEO. He will serve in this position as final preparations are made for Argudo's successsion.

The company thanked Argudo for his services. The former CEO will support the company in transition and has agreed to act as a consultant with High Hampton.

READ: High Hampton Holdings sees power boost: secures 7 megawatts for CoachellaGro growing facility

Scovenna is a key member of High Hampton's management team. He has spearheaded all capital market initiatives and is largely responsible for the company's success in raising capital.

The company also announced that COO Paul Mann has been terminated effective immediately and a new COO will be announced in due time.

High Hampton Holdings is a cannabis sector investment company focused on opportunities in California as it strives to become the largest consolidator in the medicinal cannabis sector.