(TheNewswire)
Vancouver, British Columbia - TheNewswire – January 6, 2022 –Blackhawk Growth Corp. (the “Company”) (CSE:BLR ) (CNSX:BLR.CN) ( Frankfurt:0JJ) is pleased to provide an update on theoperations of its wholly owned subsidiary, TERP Wholesale, LLC(“TERP”). The acquisition of TERP was successfully completed onDecember 1, 2021.
For the nine months ended September 30, 2021, TERPreported unaudited CDN dollar results as follows:
Gross Revenue $ 2,503,133
Gross Profit $ 1,533,923
Net Income $ 249,838
TERP is in its fourth year of operations and has seenconsistent revenue growth in each year of operations. Readers arecautioned that these figures are prepared by management and areunaudited. Actual results may defer once an audit has beencompleted.
Operations Update
TERP has expanded its co-packing and transport servicesand has been retained by several more transport clients for itslogistics arm of the business. TERP delivers products across the statefor multiple nursery companies that produce clones for dispensariesalong with cultivators. Recently, TERP has added two notable clientsto its ever-expanding list:
Humboldt Farms:
Humboldt Farms is a major California brand. TERP willbe co-packaging 200 pounds of their dried flower per week. Theirflower will be packaged into 1/8th oz jars. Totaling 25,600 jars.
Rimrock Farms:
TERP will also provide co-packing and last-legtransportation for Rimrock Farms. They have two acres of cultivationand are expected to provide 100lbs per week for TERP’s services.
“I am excited to showcase the growth of TERPWholesale” said Frederick Pels, CEO of Blackhawk Growth. “TERPcontinues to add significant clients to its distribution portfolio andonce all of Blackhawk’s portfolio synergies are deployed, I expectto see revenues continue to increase. I cannot wait to share ourprogress with our shareholders over the coming quarters.”
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 strategy that emphasizes theimportance of quality assurance and customer satisfaction.
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 anyforward-looking information, whether as a result of new information,future events or otherwise unless required by law.
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