(TheNewswire)
Vancouver, British Columbia – TheNewswire – March8, 2023 – Blackhawk Growth Corp. (the "Company")(CSE:BLR); (Frankfurt:0JJ) is pleased to announce its wholly ownedTERP Wholesale ("TERP") will be manufacturing a product linefor California’s Mystic Roots Band. An initial purchase of $80,000Canadian has been received, and ongoing orders are expected to reach$275,000 Canadian over the next fiscal quarter.
TERP, which packages and manufactures some of thehighest-quality exotic brands and high-THC products in the state ofCalifornia, will be developing and manufacturing Mystic Roots’ brand"Chico’s Best". The expected product line will consist oftop-shelf indoor dried cannabis flower in a myriad of packagedweights, disposable vape cartridges, and pre-rolls. The products willbe sold to consumers through Mystic Roots’ already establisheddispensary network.
Mystic Roots Band is a Chico, California born, 5-piecepop-reggae fusion band. with over 4.5 million views on YouTube for theunderground hit "Pass," and is one of many clients that havefound TERP to have the expertise and facilities to effectively launcha cannabis brand in California. In addition to TERPs own brands andlaunches, TERP has built a reputation as a one stop shop brand houseand will continue to fulfill and pursue this market segment.
“ Brandlaunches are a key part to TERP’s expansion” Said Frederick PelsCEO of Blackhawk. “Quality products, vast selection and speed tomarket are some of the key advantages TERP can offer its customers. Ilook forward to updating shareholders as TERP continues to expand itsmarket share in the California marketplace.”
Frederick Pels, CEO of Blackhawk, stated that brandreleases are an important component of TERP's growth. "One of themain benefits TERP can provide its clients is speed to market. Otherbenefits include high-quality products with a wide variety. As TERPincreases its market position in California, I look forward to keepingshareholders informed."
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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