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Our Capital Team is comprised of…
Brendan Purdy, Cannabis Industry Advisor
- Practicing securities lawyer based in Toronto, Canada focused on cannabis and natural resource companies.
- Extensive experience with respect to public companies, capital markets, reverse takeovers, capital raises and other facets fundamental to the cannabis sector.
- Raised over $25 million Canadian for his company's during the past year.
- Chief Executive Officer of High Hampton Holdings (CSE:HC) a publicly traded Cannabis holdings company listed on a Canadian stock exchange.
- Completed a Bachelor of Management and Organizational Studies degree from the University of Western Ontario, majoring in finance and administration.
- Received his JD from the common-law section at the University of Ottawa.
Christian Scovenna, Director & VP Corporate Finance
Mr. Scovenna has over ten years of experience in capital markets, business development, and director. As director at a boutique firm, Mr. Scovenna lead six portfolio companies within the group, raising capital, business development and internal IR for the group Over the years, Mr. Scovenna has been successful in completing various M&A acquisitions and raising capital.
He currently serves as Director & VP Corporate Development of Enforcer Gold Corp. (VEIN-TSX.V)
CCIM: HC has stated that its 150,000 square feet of combined growing space has low growing costs per foot and has an expected return of $3.25 dollars a square foot per tenant (100% ROI in less than 3 years). Is this still the case? When does HC project to be EBITDA positive and cash flow positive?
HC: Yes, that would be correct with our initial model of building out (3) three sixty-thousand sq ft facilities and based on the $3.25 p/sq. ft number, the ROI would be just under 2.8 years. But due to recent developments from the Coachella City Council this scenario will drastically change in favour of the company and its SHAREHOLDERS, resulting a lower CAPEX and faster ROI. Details on this will be made public once the company has consulted with our engineering group. Regarding EBITDA and cash flow positive, the company cannot comment until we have reviewed our new options.