(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 1, 2022 – Blackhawk GrowthCorp. (CSE:BLR ) ; ( Frankfurt:0JJ) (the “ Company ”), is pleased to announcethat the financial statements and MD&A for its first quarter endedDecember 31, 2021 have been filed on Sedar.
Highlights for the quarter ended December 31, 2021:
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Blackhawk acquires Digital Mind Technology Pyt Ltd., a clinical trial stage company developing digital interventionsto treat mental health conditions. It successfully completed a pilotrandomized controlled trial with 69 patients of an on-linemindfulness-based program for people diagnosed with melanoma. DigitalMind's clinical trial protocol was developed by leading scientist Dr.Russell at a major Australian university.
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Blachawk acquires TERP Wholesale LLC is a fullylicensed distribution center in the State of California. TERP packagesand manufacturers some of the highest quality exotic brands and highTHC products in California. Distribution professionals, guided by aproven team with extensive experience in cannabis and quality-assureddistribution.
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As at December 31, 2021, Blackhawk held $ 24,845,437 in current investments,a 49% increase from the value at September 30, 2021
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As at December 31, 2021, 2021, Net Asset Value (NAV) per share was$0.42
Blackhawk Growth Corp. (“Blackhawk” or the “Company”)continues to review both equity and debt investment opportunities. TheCompany has focused its investments in the health, cannabis and CBDindustries, in both Canada and the US.
“The two acquisitions in the the quarter ended December 31, 2021have increased both out asset base and the strength of the lifesciences based portfolio of compnies that Blackhawk holds. Ourportfolio of companies continue to show growth and value to ourshareholders as we work to execute, expand and deliver even more valueto shareholders over the course of the year” says Frederick Pels,CEO of Blackhawk Growth.
As atDecember 31, 2021 the Company’s equity investments consist of thefollowing:
Company | Cost | Fair Value |
$ | $ | |
MindBio Therapeutics | 10,826,638 | 10,826,638 |
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. | 1,050,000 | 750,000 |
Noble Line Inc. | 986,800 | 986,800 |
Trip Pharma Inc. | 997,644 | 997,644 |
NuWave Foods Inc. | 899,392 | 899,392 |
Spaced Food Inc. | 355,110 | 355,110 |
Engine Media (UMG) | 56,377 | 10,244 |
Fantasy Aces | 9,470 | ? |
Total Equity Investments | 24,941,431 | 24,585,828 |
Short-term loans
As at December 31, 2021 theCompany’s short-term loans consist of the following:
December 31, 2021 | June 30, 2021 | |
$ | $ | |
Short term loans | 259,609 | 259,609 |
Total loan investments | 259,609 | 259,609 |
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 includes SacPharma, LeichtMind Clinics, Noble Hemp, Spaced Food and Stable FoodsCo, MindBio Therapeutics, Digital Mind Therapeutics as well as anequity positon in publicly traded company 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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