HIGHWAY CAPITAL PLC

Earnings Release • Jul 19, 2018

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High Growth Capital Plc - Interim Results to 31 March 2018

PR Newswire

London, July 19

19 July 2018

High Growth Capital plc

(“HASH” or the “Company”)

Interim Results for the 6 month period ended 31st March 2018

High Growth Capital Limited announces its unaudited results for the six months ended 31st March 2018.

Since 31st March 2018, the Company has disposed of its trading businesses and temporarily became a cash shell listed on the AIM market. At a General Meeting held on 15th June 2018, the Company’s shareholders approved both the adoption of a new investment strategy based on investing in the medicinal cannabis sector, and also the listing of the Company’s shares on the NEX Exchange Growth Market (“NEX”).

These results therefore relate to the historical business activities of the Company.  The loss for the 6 months ended 31st March 2018 was £214,000 (2017: loss £288,000).

Since the 31st March 2018, and as part of the process of listing on NEX market, the Company has raised a further £250,000 through the issue of 62,500,000 new ordinary shares at 0.4 pence per share.

The interim results have not been reviewed by the Company’s auditor.

The Company’s Investment Strategy is to initially effectively become a UK, Canadian and Australian-focused medicinal cannabis and related products’ investor. The Company will aim to track companies in the sector that are quoted or listed on public company stock exchanges and Recognised Investment Exchanges. Constituents must have a business strategy focused on the medicinal cannabis industry, or other related cannabis or hemp products.

The Directors of the Company accept responsibility for the content of this announcement.

Contact details:

The Company	Malcolm Burne	0207 469 0937 Mb@jpjenkins.com
NEX Exchange Corporate Adviser	Peterhouse Capital Limited Guy Miller and Eran Zucker	020 7220 9795

CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 31ST MARCH 2018
			Six months				Six months		Year
			ended				ended		ended
			31/03/18				31/03/17		30/09/17
			(Unaudited)				(Unaudited)		(Audited)
			GBP000				GBP000		GBP000
Revenue			8				35		65
Cost of Sales			(1)				(8)		(2)
Gross Profit			7				27		63
Administrative expenses			(221)			(315)			(557)
Operating loss			(214)				(288)		(494)
Loss before taxation			(214)			(288)			(494)
Income tax			0				0		0
Loss for the year			(214)			(288)			(494)
Basic loss per share			(0.110p)			(0.213p)			(0.370p)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
			At 31/3/18				At 31/3/17		At 30/9/17
			(Unaudited)				(Unaudited)		(Audited)
			GBP000				GBP000		GBP000
Investments			0				0		0
Trade receivables			28			31			13
Cash and cash equivalents			522			485			304
Total Assets			550				516		317
Share Capital			6,631				6,501		6,501
Share premium			17,377			16,987			16,987
Share option Reserve			0			4			0
Retained earnings			(23,676)			(23,260)			(23,462)
Total Equity			332				232		26
Trade and other payables			218			284			291
Total equity and liabilities			550			516			317