(TheNewswire)
Vancouver, British Columbia - TheNewswire - February 28, 2022 - Blackhawk Growth Corp. (CSE:BLR )(CNSX:BLR.CN) (OTC:BLRZF) ( Frankfurt: 0JJ) (the “ Company ” or“ Blackhawk ”), is pleased to announce that it has entered into adefinitive share purchase agreement (the “ Purchase Agreement ”) pursuant to which it intends to acquire (the“ Acquisition ”) the remaining 49% of Stable Foods Co. (formerly, NuWaveFoods Inc.) (“ StableFoods ”). Blackhawk intends to acquire 7,350class A common shares (the “ Acquisition Shares ”) in the capital ofStable Foods, which will result in the Company owning 100% of StableFoods.
Acquisition of Remaining 49% equityinterest in Stable Foods
Under the terms of the Purchase Agreement, the Companyis required to issue 3,200,000 common shares to the remainingshareholders of Stable Foods, at a deemed price of $0.41 per share, toacquire the Acquisition Shares.
The Company is at arms-length from each of theshareholders of Stable Foods. The Acquisition does not constitute afundamental change for the Company, nor is it expected to result in achange of control of the Corporation within the meaning of applicablesecurities laws and the policies of the Canadian Securities Exchange.A fee of 120,000 shares of the Company is owing to Michael Haberl of21488880 Alberta Ltd., in connection with facilitating the enteringinto of the Purchase Agreement and completion of the Acquisition.
Completion of the Acquisition remains subject tocustomary closing conditions and is expected to completed in thecoming weeks.
NuWave Foods Inc. changes name to“Stable Foods Co.”
With the development of Stable Foods retail productsand its branding management, Stable Foods has changed its nameeffective immediately to “ Stable Foods Co .” The name and brandingchange provides a more accurate description of the productsmanufactured and sold. The “ Forever ” brand will remain on all retailpackaged products. A product offering and branding update will beadded to the Company’s website.
“It is important to complete the acquisition ofStable Foods before it accomplishes significant milestones and I amexcited we are able to so” said Frederick Pels, CEO of Blackhawk.“It is expected that Stable Foods will show significant progress inthe near term and while doing so as a wholly-owned subsidiary ofBlackhawk..”
About Stable Foods Co.
Stable Foods Co. is a fully licenced commercial kitchenand baked goods manufacturer located in Edmonton Alberta. Stable FoodsCo. has a process to create a shelf-stable baked product without theuse of any preservatives. This can be applied to virtually any bakedgood. Given the current world climate, demand for products with shelfstability has skyrocketed. Using Stable Foods Co. considerablecontacts in the food industry across North America, Stable Foods Co.is positioned to quickly be a leader in this rapidly growingspace.
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, LeichtMind Clinics, Noble Hemp, Spaced Food,Stable Food Co., MindBio Therapeutics, Digital Mind Technology as wellas 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 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 production and sale of theStable Food Co. products and approval of the products. 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 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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