Does Hi Rez own Paladins?

Is it true that Hi Rez Studios is the owner and developer of the popular online game Paladins? If so, what is the extent of their ownership and involvement in the game's development and management? Could you elaborate on the relationship between Hi Rez and Paladins, and any notable milestones or achievements that the company has had with the game? Additionally, are there any plans for future expansions or updates to Paladins that Hi Rez has announced or hinted at?