(TheNewswire)
Vancouver, British Columbia - TheNewswire - April 28, 2022 -Blackhawk Growth Corp. (C NSX :BLR. CN) (OTC:BLRZF) ( Frankfurt:0JJ) (the “ Company ” or“ Blackhawk ”) has completed its previously announced investment inBlum Distributors Ltd. (“ Blum ”). In consideration for theacquisition of all of the outstanding share capital of Blum, Blackhawkhas issued 9,650,000 common shares to the existing shareholders ofBlum.
The Company is at arm’s-length from Blum and itsshareholders. The transaction neither constitutes a fundamental changenor a change of business for the Company, nor has it resulted in achange of control of the company within the meaning of applicablesecurities laws and the policies of the Canadian Securities Exchange.With the acquisition, Blum now forms part of the Company's growingportfolio of investments in the life science and health care sectors.Blum’s existing management team will continue to retainresponsibility for overseeing day-to-day operations. A fee of 750,000shares has also been paid to an arm’s-length party for assistancewith the transaction
About Blum Distributors
Blum is an established mycologysupplier with its own leased production facilit y .Blum’s operations are systemically rooted in biodiversity. Theywholly-own the value chain from cultivation through to their productsales, reaching both commercial and retail partners. Theirsustainability pledge is embodied in their commitment to support theirpartners in their own mycological journeys. Blum’s in-house productcultivation, distribution, and sales center provides them with anadvantage over their competitors by reducing intermediaries. Blumfully controls the quality and purity of their products throughout thevalue chain, from cultivation to consumer sales. They are committed toproviding the utmost highest quality supplies and solutions to empowerboth commercial and home scale growers in their mycological journey.
For more information regarding Blum visit theirwebsite: www.blumdistributors.com
About Blackhawk Growth
Blackhawk is an investment holding company looking tocreate substantial value for its shareholders through the acquisitionand development of high growth companies. It has focused itsinvestments in the health, cannabis and cannabidiol industries in bothCanada and the United States. Its portfolio of companies includes SacPharma, Terp Wholesale, LeichtMind Clinics, Noble Hemp, Spaced Food,Stable Foods, and MindBio Therapeutics, Digital Mind Therapeutics,Blum Distributors Ltd. as well as an equity position in Gaia GrowCorp. (CSE:GAIA).
The Company diligently posts updates through videosfrom the official company YouTube channel https://www.youtube.com/channel/UCs4f2tt3yAvOGhNLjgNOy-A
Please join the conversation on our Blackhawk groupsupporter’s telegram group at https://t.me/Blackhawkgrowthcorp and visit us online at https://www.blackhawkgrowth.com .
For further information please contact:
Frederick Pels, Chief ExecutiveOfficer
(403)-991-7737
fred@ blackhawkgrowth.com
Cautionary NoteRegarding Forward-Looking Statement
All statements in this pressrelease, other than statements of historical fact, are “forward-looking information”with respect to the Company within the meaning of applicablesecurities laws, including with respect to the future operations ofBlum Distributors Ltd. The Company provides forward-looking statementsfor the purpose of conveying information about current expectationsand plans relating to the future and readers are cautioned that suchstatements may not be appropriate for other purposes. By its nature,this information is subject to inherent risks and uncertainties thatmay be general or specific and which give rise to the possibility thatexpectations, forecasts, predictions, projections or conclusions willnot prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities will not be achieved. Theserisks and uncertainties include but are not limited those identifiedand reported in the Company’s public filings under the Company’sSEDAR profile at www.sedar.com. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. The Company disclaims any intention orobligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwiseunless required by law.
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