(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 13, 2023 –Blackhawk Growth Corp. (CSE:BLR ) ; ( Frankfurt:0JJ)(the “ Corporation ” or “ Blackhawk ”), todayissued a letter to shareholders from Justin Hanka, Chief ExecutiveOfficer.
Dear Shareholder,
We are delighted to welcome new directors AnooshManzoori who has been appointed Chairman and Anthony Haberfield asnon-executive director to the board of directors. Anoosh has extensive equity capital markets and M&Aexperience having completed dozens of transactions involving newlistings and private placements in Australia, Canada and UnitedStates and Anthony is a seasoned seniorexecutive and private investor with a large corporate network inAustralasia.
We are also pleased to have acquired Hardenbrook Group,that is subject to closing conditions, an investment company thatleverages a merchant banking model and works with world classresearch-intensive organizations including large tier 1 universitiesto identify valuable intellectual property to invest, commercializeand take public on stock exchanges in North America.
Investment in Scalable Technologies& AI
Hardenbrook Group invests in the technology and lifesciences sectors including medical technologies, pharmaceuticals,digital health, software, big data and AI. It seeks opportunitiesthat provide a positive impact on improving health and wellbeing atscale.
With the acquisition of Hardenbrook, the Company willbe able to develop assets that solve global problems at scale, usingtechnology. With the rapid development of generative AI and theirreal benefit to creating efficiencies and advanced learning models atscale, we are excited to have a stable of AI opportunities that we areincubating in Hardenbrook. We believe these companies provide anexcellent opportunity for BLR to take advantage of the globalescalation of interest and development in AI.
Hardenbrook incorporates new entities for each newproject, provides access to Intellectual Property and products,installs experienced boards and management, and raises capital in itsportfolio companies. It then takes its portfolio companies public orM&A. Unlike Blackhawk that has been acquiring companies by issuingnew shares that dilutes value to all shareholders, Hardenbrook is the'founder' of each new portfolio company and does not need to diluteits share capital to grow its portfolio. Shareholders are not dilutedand benefit each time Hardenbrook spins out and lists a new company. Hardenbrook’s goal is to reward Blackhawk shareholders bycompleting multiple new spin outs and listings per year.
We are excited to be working on three separate AIprojects in Asthma, Autism and Mental Health and an agri-tech projectfocused on reducing methane emissions in Cows. Each project hasremarkable potential to use its unique IP to solve major real-worldproblems along a definitive commercialization objective.
All Blackhawk shareholders will benefit by receivingnew shares each time a portfolio company is listed.
Blackhawk retains its interest in cannabis assets andthe new board is assessing the opportunities to develop, divest orspin out those cannabis assets.
The acquisition of Hardenbrook Group is subject toclosing conditions including shareholder approval and we will provideupdates on progress.
Blackhawk CEO Justin Hanka (left)and Chairman Anoosh Manzoori (right). Incoming board to focus onscalable technology opportunities particularly in AI.
About Blackhawk Growth
Blackhawk is an investment holding company looking tocreate substantial value for its shareholders through the acquisitionand development of high growth companies.
To receive our latest updates, please register here:
For more information on Hardenbrook: https://www.hardenbrook.group .
Contact
Justin Hanka. Chief Executive Officer
61433140886
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. The Company provides forward-looking statements forthe purpose of conveying information about current expectations andplans 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 or results notto be as anticipated, estimated or intended. There can be no assurancethat such information will prove to be accurate as actual results andfuture events could differ materially from those anticipated in suchstatements. The Company disclaims any intention or obligation toupdate or revise any forward-looking information, whether as a resultof new information, future events or otherwise unless required bylaw.
Copyright (c) 2023 TheNewswire - All rights reserved.