(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 16 th , 2022 –Blackhawk Growth Corp. (the “Company”) (CSE:BLR ) ; ( Frankfurt:0JJ) is pleased to provide an update on theoperations of its wholly owned subsidiary, TERP Wholesale, LLC(“TERP”).
For the five months beginning January 1 st , 2022 endingMay 31 st , 2022, TERP reported unaudited CDN dollar results asfollows:
Gross Revenue $ 1,644,043
Gross Profit $ 842,921
TERP has been scaling operations and significant growthis expected to continue.
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 square footage and is outfittingit with machinery to expand co-packing and overall production. Theseefficiency increases have not only allowed for more sales andproduction but increased profitability as well. TERP launching itsretail delivery service beginning in Sacramento, California andexpanding to statewide delivery in time. TERP’s infusion center is another path that will see product linesand revenues grow.
“TERP has been performing extremely well” saidFrederick Pels, CEO of Blackhawk Growth. “They have shown impactfulgrowth in gross revenue and with their new efficiencies, largerfootprint, and retail delivery coming online, I am certain we will seefurther increases over the coming months. I cannot wait to share ourprogress with our shareholders as it becomes available.”
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,Blum Distributors Ltd., NuWave Foods, MindBio Therapeutics, DigitalMind Technology as well as an 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.
Copyright (c) 2022 TheNewswire - All rights reserved.