OTC: HIGR
Hi-Great Group Holding CoCIK 0001807616 · Hotels & Motels
Unless the context indicates otherwise, as used in this Annual Report, the terms “HIGR,” “we,” “us,” “our,” “our company” and “our business” refer, to High-Great Holding Company, including its subsidiaries named herein. Certain statements, other than purely historical information, including… About this business →
Summary not yet generated.
Summary not yet generated.
Partner
Trade HIGR commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
About Hi-Great Group Holding Co
Source: Item 1 (Business) from the 10-K filed May 27, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Unless the context indicates otherwise, as used in
this Annual Report, the terms “HIGR,” “we,” “us,” “our,” “our company” and
“our business” refer, to High-Great Holding Company, including its subsidiaries named herein. Certain statements, other than
purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating
results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking
statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,”
“estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,”
“will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements
are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ
materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently
uncertain. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to:
changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted
accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.
Read full description ↓
1
THE COMPANY
Our Business
Hi-Great Group Holding Company (the “Company”)
is a development stage enterprise that was originally incorporated, on September 30, 2010, under the laws of the State of Nevada.
On March 08, 2019, the eight judicial District Court
of Nevada appointed Custodian Ventures, LLC as custodian for Hi-Great Group Holding Company, proper notice having been given to the officers
and directors of Hi-Great Group Holding Company. There was no opposition.
On March 15, 2019, the Company filed a certificate
of revival with the state of Nevada, appointing David Lazar as, President, Secretary, Treasurer and Director.
On March 20, 2019, the Company issued 70,000,000 shares
of common stock to Custodian Ventures, LLC (controlled by David Lazar) at par for shares valued at $70,000 in exchange for settlement
of a portion of a related party loan for amounts advanced to the Company in the amount of $16,100, and the promissory note issued to the
Company in the amount $53,900.
On October 14, 2019, as a result of a private transactions,
70,000,000 shares of common stock (the “Shares”) of Hi-Great Group Holding Co. (the “Company”), were transferred
from Custodian Ventures LLC to Esther Yang (the “Purchaser”). As a result, the Purchaser became a 70% holder of the voting
rights of the issued and outstanding share capital of the Company, on a fully-diluted basis, and became the controlling shareholder.
On October 14, 2019, and effective October 15, 2019,
the existing director and officer resigned. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s
Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer,
Ho Soon Yang consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.
Ho Soon Yang was appointed as a Chief Executive Officer,
President, Secretary, Treasurer and Chairman of Board of Directors of the Company.
On February 25, 2020 the Board of Directors via Written
Consent Approved the Addition of Alex Jun Ho Yang to the Board of Directors on the same day, and effective immediately, the following
Officers were appointed, Alex Jun Ho Yang. Chief Executive Officer, Ho Soon Yang, Chief Financial Officer and Esther Yang as Secretary
to the Company. Previously, Ho Soon Yang was the acting President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary
of the Company and the sole Director of the Company.
On April 16, 2020 Esther Yang through a Share Purchase
Agreement sold 65,001,000 of the 70,000,000 shares she had purchased from Custodian Ventures, LLC in the Company to Jun Ho Yang and Ho
Soon Yan. On April 22, 2020 she resigned as Corporate Secretary and Director of the Company.
On April 24, 2020. Madeline Choi was appointed as
Secretary to the Company by the Current Board of Directors. On September 22, 2022, Madeline Choi resigned as Secretary. Ho Soon Yang was
appointed as Secretary of the Company by the Board of Directors.
On April 29, 2020, Madeline Choi was transferred 1,000,000
shares from Alex Jun Ho Yang as compensation for serving as Secretary.
On September 22, 2020 Madeline Choi resigned as Secretary
of the Company and Ho Soon Yang resumed the role of Secretary.
On April 22, 2022, the Company issued 10,000 shares of common stock to
Dae Jae Lee at par for shares valued at $10,000
Our Company plans to grow organically through internet
sales of its current worldwide exclusive license agreement with SellaCare, Inc. in the areas of Longevity Health Supplements and plans
to integrate new product lines containing CBD Oils for additional health benefits and also expand into the lucrative cosmetic sector as
an overall sustainable revenue platform as they become a major supplier in each of the three industry sectors.
2
Our Website-
www.HIGRgroup.com
www.HIGreat.com
Our Business Objectives
Our principal business objective is to maximize shareholders
returns through a combination of (1) dividends to our shareholders, (2) sustainable long-term growth in cash flows from distribution of
the products described herein, (3) potential long-term appreciation in the value of our properties from capital gains upon future sales,
(4) other sustainable agricultural business opportunity which the Board of Directors determines to be beneficial to Company, or (5) distribution
of plant-based finished consumer product and integrate the use of specialty herbs into its worldwide health supplement business to include
expansion into the cosmetics sector using multiple herbal oils and compounds.
Business Overview
Hi-Great Group Holding Company
believes Agritourism is a field that is growing in popularity as landowners, and farmers try to meet the social and economic demands of
urban residents that are demanding growing space for private organic gardens they can use to grow and harvest food for their families.
They are seeking a resort experience that offers a safe, healthy, and family-friendly environment, with affordable weekend getaway options
located conveniently close to home.
Agritourism operations exist
throughout the United States and the world. “Agritourism” is often used interchangeably with terms like “agri-tourism,”
“agrotourism,” “farm tourism,” “agricultural tourism,” and “agritainment”.The company
will provide a weekend gardening resort destination for all types of guests wanting to lease and own a weekend farming getaway close to
the urban Los Angeles and surrounding communities. By combining agriculture with weekend family farm experiences, HI Great Group Holding
Company can create a profitable and predictable revenue stream that complements its existing organic supplements business. In addition,
the ability to single-source organic herbs and materials for our future proprietary product lines will reduce costs associated with developing
new blends.
The concept of the Family Weekend Farm is gaining
international popularity, as more consumers seek to escape urban work environments for relaxing weekend getaways that offer both farming
experiences and family-friendly retreats. The company’s current location, near Los Angeles, is within a one-hour drive of major
California ski resorts in the winter and a large lake resort destination in the spring and summer. To enhance the guest experience, the
company plans to partner with entertainment providers and local tour operators offering family day trips to nearby attractions.
The Company
will build out its weekend Farming Resort with space for 3,000 individual gardens hosting a portable cabin of the new members choice and
selected and customized during the Individual Club Membership Process and Initiation. Each New Member will have one to four build-out
cottage options depending on size and floor plans to be placed on their individual gardening parcel. These cottages will be built with
reclaimed materials and reusable shipping containers as part of the portable cottage build out packages. HIGR cottages will use solar
panels when available to reduce carbon footprint as an option for each member. HIGR will also look to entertain the cost of providing
the solar panels in exchange for the solar energy generated by each member. The company is looking to partner with leading solar producers
in California and take advantage of all tax credits currently available for Solar Energy and Organic Farming. The Final Phase will be
to create a franchise model for approved Farmland Owners across the Nation and World to buy into a turnkey operation for their privately
owned farmland that is currently unused as the global demand for Clean Organic Weekend Farms is now changing with our new socially responsible
culture and the public is demanding these types of weekend farms.
The Weekend
Garden Resort will be built out in Three Phases:
Phase One:
●
Resort
Headquarters, Central Family Area and Club House.
●
Communal
Restrooms, Showers and Washing Stations for Campers and Guests.
●
Special
Family Friendly Entertainment Venues
●
Build
out of Cabin Models Show Room
●
Foundation
Preparation for the first 1000 parcels
●
Create
build out facility for shipping container storage and model build outs.
●
Website
and Marketing
●
Install
Internet for HIGR members
3
Phase Two:
●
Focus
on build out of the next 1,000 parcels regarding planning and site preparation
●
Focus
marketing and sales efforts on free media opportunities, including internet platforms, television human-interest segments, and travel
channels.
●
Build
Garden Center for Organic Co- Op, gardening supplies, daily or weekend equipment and cart rentals.
●
Establish
a partnership with a local healthy catering company to lease a portable container in the clubhouse area, providing weekend gardeners
and their families with on-site dining options. The setup will include both indoor and outdoor seating for families.
Phase Three:
●
Continue
forward with the foundation of the Company’s business plan as a weekend farming destination.
●
Onsite
portable cottages for full-time employees at a reduced rent
●
Continue
selling memberships and maximizing additional revenue streams
●
Start
planning and looking for a second site in a set criteria location
●
Work
to become a national leader in weekend farming destination travel by partnering with similar venues across the country.
●
Build
out the Turnkey Weekend Farming Franchise Owner Model with revenue sharing.
Worldwide Demand for Weekend Family Farms
Family Weekend Farming is
growing in popularity across the world. Countries such as Germany, the United Kingdom, France,
and Russia have established small-scale agricultural production spaces early on, focusing on urban residents’ close proximity to
farming and farming villages in urban or rural areas. Based on this, they have systematically developed functions of providing rest areas
and children’s education centers as well as mental and physical health. The names of these types of spaces are also called differently
depending on the history and culture of each country. England is called ‘Allotmentgarden’ and means ‘a divided garden’.
And Germany means ’small garden’ because it is ‘Klingarten’. It originated from the Russian era when Russia granted
land in the name of ‘Dacha’, meaning ‘to share’. Japan accepts the concept of Kleingarten in Germany and calls
it a “citizen farm.” In addition, Japan clarifies the definition of citizen farm concept through the Citizen Farm Improvement
Promotion Act and actively expands and distributes it to foster national sentiment, maintain health, and preserve farmland. In Korea,
there are already “weekend farms” outside the city; however, compared with the farms in other countries, it is only in beginning
stages. Until now, this type of facilities in foreign countries had been referred to as “national farms,” “weekend farms,”
“leisure farms,” and “hobby farms,” but the term “family farms” was deemed to be the most appropriate
rather than weekend farms.
Weekend
family farms were divided into three types: urban, suburban, and stay-type family farms. Among the three types, urban and suburban types
are mainly focused on improving the welfare of urban residents, such as providing rest areas and the venue for children’s spaces,
but the focus is on revitalizing rural communities by promoting urban and rural exchanges. In the case of stay-type, there is a limit
to being established as a social welfare concept because it is a project designed to attract urban residents to revitalize rural areas.
The weekend family
farming market in California and the United States is relatively new in both execution and concept. Therefore, HIGR Family Weekend Farm
is uniquely positioned to capitalize on the growth of this sector and become a strong leader in these emerging markets.
Growing Market Sector
and the Popularity of Agritourism
Agritourism presents a unique
opportunity to combine aspects of the tourism and agriculture industries to provide a number of financial, educational, and social benefits
to tourists and small family farmers looking for an organic community to be an ongoing part of. Agritourism offers the company an opportunity
to generate additional income in a relatively new sector, while also enhancing its organic herbal supplement business through direct marketing
to consumers. The company’s Family Weekend Farm, with its members, will further boost local tourism, as it is strategically located
near several family-centric weekend destinations.
Intellectual Property
Company owns the licensing rights to the chelated
method: world patent (patent number: 5128139) and uses this patent in the manufacturing of proprietary formulations for nutritional supplements.
4
ITEM 1A, RISK FACTORS
We are a smaller reporting company as defined by Rule
12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.