Current CEO Gary Latham was elected to the board of directors along with AJ Gentile, CEO of 2083 Group Inc
High Hampton Holdings Corp () bolstered its board of directors with the addition of two new members.
The cannabis company appointed current CEO Gary Latham to sit on its board, and welcomed AJ Gentile, CEO of 2083 Group Inc.
High Hampton took a minority stake in California-based 2083 Group in February to accelerate the adoption of its delivery services in the state.
READ: High Hampton gets municipal go-ahead to operate distribution facility in California
“Having AJ Gentile, the CEO of 2083 Group, come on board signifies the importance of the impending partnership between our two companies, and we expect to bring the proposed transaction of taking a minority stake in 2083 Group to a successful close very soon,” said Cam Birge, independent director of the board in a statement.
Birge was re-elected to the board along with Dieter MacPherson and Robert Allen at the company’s annual general meeting in April 2019.
Board members Richard Polanco and Christian Scovenna did not stand for re-election. Scovenna, the company’s senior vice president of corporate finance, will continue in his role within the executive management team.
"We are truly grateful to both Richard Polanco and Christian Scovenna for their contributions to our board, and we welcome our new members Gary Latham and AJ Gentile as they embark on their new roles,” Birge said. “I believe we have assembled an exceptional group to oversee the Company, and I look forward to working with our established and new members.”
READ: High Hampton Holdings eyeing promising future as it continues to scale up the business
The Toronto-based company also announced Friday that it had accepted the resignation of board member Daniel Petrov, effective today. Petrov is currently CEO of Aura Cannabis Inc.
In a statement, Petrov said that he believed the company was solidly on track and managed by a strong team.
"The cannabis sector is ever-changing, and High Hampton has certainly been one of the early players in the legal recreational cannabis space in California,” he said. “Gary and the board have succeeded in building a very knowledgeable and experienced team and are well positioned with a promising strategy for aggressive development."
"On behalf of the High Hampton team, I would like to thank Daniel for his time and dedication as a valued board member,'' said High Hampton's CEO Gary Latham. "We truly appreciate the contributions he has made in bringing the Company to where it is today and his efforts to position High Hampton for future growth. I wish him all the best for his future as an instrumental figure in the cannabis industry."
High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California.
Shares of High Hampton slipped 2.8% in Toronto to C$0.35 on Friday morning.
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