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Vancouver, British Columbia – TheNewswire – March 8, 2023 – Blackhawk Growth Corp. (the "Company") (CSE:BLR); (Frankfurt:0JJ) is pleased to announce its wholly owned TERP Wholesale ("TERP") will be manufacturing a product line for California’s Mystic Roots Band. An initial purchase of $80,000 Canadian 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 the highest-quality exotic brands and high-THC products in the state of California, will be developing and manufacturing Mystic Roots’ brand "Chico’s Best". The expected product line will consist of top-shelf indoor dried cannabis flower in a myriad of packaged weights, disposable vape cartridges, and pre-rolls. The products will be sold to consumers through Mystic Roots’ already established dispensary network.
Mystic Roots Band is a Chico, California born, 5-piece pop-reggae fusion band. with over 4.5 million views on YouTube for the underground hit "Pass," and is one of many clients that have found TERP to have the expertise and facilities to effectively launch a cannabis brand in California. In addition to TERPs own brands and launches, TERP has built a reputation as a one stop shop brand house and will continue to fulfill and pursue this market segment.
“Brand launches are a key part to TERP’s expansion” Said Frederick Pels CEO of Blackhawk. “Quality products, vast selection and speed to market are some of the key advantages TERP can offer its customers. I look forward to updating shareholders as TERP continues to expand its market share in the California marketplace.”
Frederick Pels, CEO of Blackhawk, stated that brand releases are an important component of TERP's growth. "One of the main benefits TERP can provide its clients is speed to market. Other benefits include high-quality products with a wide variety. As TERP increases its market position in California, I look forward to keeping shareholders informed."
About Blackhawk Growth
Blackhawk is an investment holding company looking to create substantial value for its shareholders through the acquisition and development of high growth companies. It has focused its investments in the health, cannabis and cannabidiol industries in both Canada and the United States. Its portfolio of companies includes TERP Wholesale, Sac Pharma, Spaced Food, Stable Foods, MindBio Therapeutics, Digital Mind Technology, Blum Distributors Ltd. as well as an equity position in Gaia Grow Corp. (CSE:GAIA) .
For further information please contact:
Frederick Pels, Chief Executive Officer
(403)-991-7737
Cautionary Note Regarding Forward-Looking Statement
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to the Corporation within the meaning of applicable securities laws. The Corporation provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Corporation ’s public filings under the Corporation’s SEDAR profile at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Cautionary Note Regarding Forward-Looking Statement
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to the Company within the meaning of applicable securities laws. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
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