CEO Gary Latham says the expansion of the company’s product portfolio through CALIGOLD’s new creations adds ‘topline revenue’
High Hampton Holdings Corp () (OTCMKTS:HHPHF) announced Wednesday that it has launched three new cannabis edibles in dispensaries across California through its wholly owned subsidiary CALIGOLD.
Known for its quality cannabis chocolates, CALIGOLD began distributing Sugar, Sauce and Live Resin cannabis concentrate products to dispensaries in the Golden State.
"With customers continuously looking for different ways to consume, we are very proud to be launching three new concentrate products as part of the well-known CALIGOLD brand,” said High Hampton Holdings CEO Gary Latham in a statement. “This expansion of our product portfolio adds topline revenue, and as more of our brands will come online in 2019, we will increase revenue and create sustainable value for our shareholders."
DEEP DIVE: High Hampton aims to be California brands and distribution leader
Each edible has its own unique property. CALIGOLD Sauce is a high terpene full spectrum cannabis extract, rich in THCA, a non-intoxicating cannabinoid found in raw cannabis. The company said this results in “a perfect blend of cannabinoids and terpenes.”
On the other hand, CALIGOLD CBD Live Resin is made from cannabis flower concentrate frozen immediately after harvest. This preserves terpenes and results in the Resin retaining the plant's original flavor and freshness. The edible has a 1:1 ratio of THC to CBD making it an “ideal blend” for people needing both cannabinoids, said the company.
The third edible, CALIGOLD Sugar has a consistency similar to table sugar. It’s popular with customers looking for an edible that is higher in THC content and lighter in terpenes compared to other concentrates.
"We have perfected each concentrate in the lab using only the best quality ingredients and industry-leading processes,” said CALIGOLD cofounder Daniel Hood. “These products will be available in dispensaries across California, and additional innovative product launches are underway as well here at CALIGOLD."
Toronto-based High Hamptons has focused on identifying, acquiring and developing assets in the California market to address all aspects of the cannabis business: from cultivation through production. It owns and operates the processes that allow the company to manufacture, infuse and package branded recreational and wellness products.
The company says the key focus of the business is the ability to create brands and control the distribution of those brands in California.
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