Business
LiveWire Ergogenics Portfolio Company Mojave Jane Acquired by Canadian Holding Company High Hampton
LiveWire Ergogenics Portfolio Company Mojave Jane Acquired by Canadian Holding Company High Hampton.
About this update from Livewire Ergogenics, Inc.
[{"type":"text","content":"\nAnaheim, CA, Nov. 27, 2018 (GLOBE NEWSWIRE) -- LiveWire Ergogenics, Inc. (OTC: LVVV), a company focused on special purpose real estate acquisitions, the licensing and management of fully compliant turnkey production facilities for cannabis-based products and services announced today that its portfolio company Mojave Jane, of which it held a 5% equity interest, has been acquired by High Hampton Holdings of Toronto, Canada (CSE: HC) (OTC:HHPHF).\n In November of 2018, High Hampton Holdings and the members of Mojave Jane, LLC entered into a share exchange agreement, whereby the members of Mojave Jane agreed to sell their member interests in exchange for common shares of High Hampton Holdings. As a result of the transaction, LiveWire now holds an equity position close to 400,000 shares of High Hampton common stock. “LiveWire congratulates Mojave Jane on the acquisition and looks forward to expanding our business relationship including the distribution of Mojave Jane products,” states LiveWire CEO Bill Hodson. “Our recently granted statewide cannabis distribution license from the California Bureau of Cannabis Control , through our subsidiary GHC Ventures, will allow us to supply quality raw materials from licensed cultivators from all across California for processing to Mojave Jane.” Gary Latham, the CEO of High Hampton states: “Having been acquired by High Hampton gives us a solid basis to advance our relationship with LiveWire and expand our activities throughout California. We are looking forward to making this relationship work for the benefit of both our companies” High Hampton Holdings Corp. is a cannabis sector investment company focused on opportunities in California striving to become the largest consolidator in the medicinal cannabis sector. The Company has assembled a stellar team with cannabis, capital markets, compliance, political, licensing and brands & products supply chain experience and aggressively develops its wholly owned subsidiaries toward sustainable growth and active operations: Mojave Jane, LLC is a California licensed manufacturer of premium cannabis extracts and concentrates for the California markets. Based in Coachella, CA , and licensed for both volatile and non-volatile manufacturing, Mojave Jane currently utilizes state of the art CO2 extraction technologies a...