(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 2,2023 – Blackhawk Growth Corp. (the “Company”) (CSE:BLR);(CNSX:BLR.CN); (OTC:BLRZF); (Frankfurt:0JJ) is pleased to provide anupdate on its cannabis initiatives. TERP Wholesale, Sac Pharma, andSpaced Food.
Blackhawk’s wholly owned cannabis edible company,Spaced Food, received acceptance to list and a notice to purchase fromCanada’s largest retail cannabis board in December. We are pleasedto confirm Spaced Food’s first SKU, "4-Piece StrawberryAstronaut Sorbet," will be on store shelves this May as part ofthe board's second spring launch. The board's desired quantities ofspaced food will be confirmed mid-March.
Additional SKUs will be added as well as the deploymentof Spaced Food in other regions of Canada once the initial launch hasbeen fulfilled.
Blackhawk’s wholly owned TERP Wholesale (“TERP”),a fully licensed distribution centre in the state of California. TERP,which packages and manufactures some of the highest-quality exoticbrands and high-THC products in the state of California, hasheadhunted a new wholesale manager with an expert eye for quality andprice points. He has connected his network of clients, ranging fromSan Diego to Crescent City. Elevating TERP's reach to southernCalifornia, TERP is making a push to consume as much of the Californiamarketplace as possible over the coming quarters.
Blackhawk’s wholly owned subsidiary, SAC PharmaPartners USA, Inc. ("SAC Pharma"), operates a facility forthe licensed cultivation of cannabis in California. Previouslywholesale focussed, SAC Pharma will be launching its ownretail-branded product line. The products will be distributed throughTERP wholesale, which is expected to increase profit margins for someof its dried cannabis products.
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 TERPWholesale, Sac Pharma, Spaced Food, Stable Foods, MindBioTherapeutics, Digital Mind Technology, Blum Distributors Ltd. as wellas an equity position in Gaia Grow Corp. (CSE:GAIA) .
For further information please contact:
Frederick Pels, Chief Executive Officer
(403)-991-7737
fred@blackhawkgrowth.com
Cautionary Note Regarding Forward-LookingStatement
All statements in this press release, other thanstatements of historical fact, are “forward-looking information”with respect to the Corporation within the meaning of applicablesecurities laws. The Corporation 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 Corporation ’s public filings under theCorporation’s SEDAR profile at www.sedar.com. Although theCorporation has attempted to identify important factors that couldcause actual actions, events or results to differ materially fromthose described in forward-looking information, there may be otherfactors that cause actions, events or results not to be asanticipated, 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 Corporation 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.
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 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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