(TheNewswire)
Vancouver, British Columbia - TheNewswire - January 12, 2022 -Blackhawk Growth Corp. (the “Company”) (CSE:BLR ) (CNSX:BLR.CN) ( Frankfurt:0JJ) ispleased to announce that its wholly-owned subsidiary, TERP Wholesale,LLC (“TERP”) has received its California State-issuedmicro-business license. In addition to allowing TERP to operate as anon-storefront retail delivery dispensary, this license provides strategic opportunities to expand in additionalverticals such as manufacturing and distribution . The dispensary is located in Northern California and will bea key driver for the business. This expansion will also allowdeployment of T ERP’s manufactured products directly intothe hands of retail customers.
Non-storefront retail delivery provides the conveniencethat many consumers and patients appreciate with the benefit ofquality cannabis products manufactured by TERP. Cannabis deliverybusinesses play a critical role in the state of California and havenow been labeled as an essential business, creating a large demand forhome delivery. At the moment, 75% of the cities in California do notallow the sale or operations of cannabis businesses within their city.However, deliveries are able to capitalize on this opportunity andfreely advertise and deliver to customers in these municipalities.Non-storefront retail sales will account for a significant portion ofCalifornia's projected $5 billion dollar marketplace this year.
“There is limitless upside with our non-storefrontdispensary ” says Nate Awbrey, Founder of TERP Wholesale, LLC. “Weare in a huge metropolitan market and being able to offer wholesaleprices to customers will provide amazing value to end users and allowexpansion of our distribution footprint, which will provide crucialsupport of our house-brands and suppliers. It is one of the mostunique license types and allows true vertical integration by giving usthe ability to buy bulk commodities, make a product, and sell thatproduct to a customer, without necessitating transfers to otherbusinesses, and the taxes associated with those transactions. Thiswill create stronger profit margins for TERP, while offering prices toconsumers that will be lower, providing a key market advantage. Thislicense also completes the value-added statement to TERP’soperations of being a brand house and platform to manufacture productssuch as infused pre-rolls, and artisan products such as live rosin andinject them directly into the market on a wholesale and retaillevel” continues Mr. Awbrey.
About TERP Wholesale LLC
TERP is a fully licensed distribution center in thestate of California. TERP packages and manufacturers some of thehighest quality exotic brands and high THC products in the state ofCalifornia. The team encompasses several distribution professionals,guided by a proven leadership with extensive experience in cannabisand quality-assured distribution. Current brands include, but are notlimited to SunshineDelight , Norcal's Finest, California Cannabis, and Scoopz.
In addition, TERP provides supply chain solutions tothe industry with the use of innovative technology, informationmanagement experts, security specialists, and sales/marketingprofessionals. Utilizing proven distribution methods, TERP’s modelis based on a perishable supply chain strategythat emphasizes the importance of quality assurance and customersatisfaction.
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,NuWave Foods, MindBio Therapeutics, Digital Mind Technology as well asan equity position in Gaia Grow Corp. (CSE:GAIA) .
The Company diligently posts updates through videosfrom the official company YouTube channel https://www.youtube.com/channel/UCs4f2tt3yAvOGhNLjgNOy-A
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 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.
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