(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 30, 2022 –Blackhawk Growth Corp. (CSE:BLR ) ; (CNSX:BLR.CN); (OTC:BLRZF); ( Frankfurt:0JJ) (the“ Company ”), is pleased to announce that thefinancial statements and MD&A for its first quarter ended March31, 2022 have been filed on Sedar.
Highlights for the quarter ended March 31, 2022:
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Blackhawk acquires remaining 49% of Stable FoodsInc . Stable Foods is in development of shelfstable deserts that will be launched through distribution agreementsonce products are retail ready.
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MindBio Therapeutics Pyt Ltd., intent is to spin out ona 1:1 basis
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TERP Wholesale begins retail delivery and continues todevelop further revenue streams
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As at March 31, 2022, Blackhawk held $ 27,043,266 in current investments, a 8.8% increase from thevalue at December 31, 2021
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As at March 31, 2022, NAV per share was $0.39
Blackhawk Growth Corp. (“Blackhawk” or the“Company”) continues to review both equity and debt investmentopportunities. The Company has focused its investments in the health,cannabis and CBD industries, in both Canada and the US.
“Our portfolio of companies continue to show growthand value,” says Frederick Pels, CEO of Blackhawk Growth Corp. “Ilook forward to updating shareholders as we work to execute, expandand deliver even more value from our initiatives over the course ofthe year.”
As at March 31, 2022 the Company’sequity investments consist of the following:
Company | Cost | Fair Value |
$ | $ | |
MindBio Therapeutics | 11,826,638 | 11,826,638 |
Digital Mind | 5,370,000 | 5,370,000 |
Terp Wholesale, LLC. | 2,500,000 | 2,500,000 |
SAC Pharma Partners Inc. | 1,890,000 | 1,890,000 |
Gaia Grow Corp. | 1,500,000 | 450,000 |
Noble Line Inc. | 1,050,470 | 1,050,470 |
Trip Pharma Inc. | 1,120,403 | 1,120,403 |
Stable Foods Inc. | 2,210,792 | 2,210,792 |
Spaced Food Inc. | 355,110 | 355,110 |
Engine Media (UMG) | 56,377 | 10,244 |
Fantasy Aces | 9,470 | ? |
Total Equity Investments | 27,889,260 | 26,783,657 |
Short-term loans
As at March 31, 2022 the Company’sshort-term loans consist of the following:
March 31, 2022 | June 30, 2021 | |
$ | $ | |
Short term loans | 259,609 | 259,609 |
Total loan investments | 259,609 | 259,609 |
Chief Financial OfficerAppointment
Blackhawk welcomes Marc Lowenstein as the Company’snew Chief Financial Officer who will be replacing Heidi Gutte whostepped down from the CFO position on May 16 th , 2022.
About Blackhawk Growth
Blackhawk Growth is an investment holding 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 include SacPharma, LeichtMind Clinics, Noble Hemp, TERP Wholesale, BlumDistributors, MindBio Therapeutics, Digital Mind, Spaced Food, StableFoods as well as an equity position in Gaia Grow Corp. (CSE:GAIA).
The company diligently posts updates through videosfrom the official company YouTube channel
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 more information on Blackhawk, please visit ourwebsite at:
https://www.blackhawkgrowth.com/
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 prospects of thebusiness of the Company and its portfolio companies. The Companyprovides forward-looking statements for the purpose of conveyinginformation about current expectations and plans relating to thefuture and readers are cautioned that such statements may not beappropriate for other purposes. By its nature, this information issubject to inherent risks and uncertainties that may be general orspecific and which give rise to the possibility that expectations,forecasts, predictions, projections or conclusions will not prove tobe accurate, that assumptions may not be correct and that objectives,strategic goals and priorities will not be achieved. These risks anduncertainties include but are not limited those identified andreported in the Company’s public filings under the Company’s SEDARprofile at www.sedar.com. Although the Company has attempted toidentify important factors that could cause actual actions, events or results to differmaterially from those described in forward-looking information, theremay be other factors that cause actions, events or results not to beas anticipated, estimated or intended. There can be no assurance thatsuch 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.
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