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History

BLR.CN - Blackhawk Growth Corp.

Blackhawk Growth

Useful Links

Current Investments

Covid-19 Test Kits

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Blackhawk has entered a distribution for two test kits in North America

Trip Pharma: Psilocybin Clinic

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Spaced Food: Shelf-Stable Edibles

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  • 100% owned by Blackhawk
  • Shelf-stable cannabis edibles
  • Signed a definitive distribution agreement for Canada, dated effective March 18, 2021, with an arms-length publicly traded licenced producer of cannabis operating in Canada, Europe and the Middle East
  • Spaced Food has received multiple purchase orders from the Province of Ontario and British Columbia totalling 42,000 units.
  • Listed on Health Canada's Cannabis Tracking and Licensing System (CTLS) as of February 10th 2021, allowing for the sale and distribution of its SPACED FOOD cannabis infused products through its extraction and distribution partners
  • The listing includes three types of Spaced Food’s cannabis infused products that have been accepted in Ontario, and British Columbia:
    • “Astronaut Sorbet” - “Ice Cream” that requires no refrigeration, fully shelf stable, vegan, gluten-free, dairy-free, 100% real fruit, and contains zero preservatives.  10Mg of THC
      • Production Capacity: 75,000 units/month
    • “Cosmic Cheesecake” - a fully shelf stable cannabis infused cheesecake enrobed with chocolate. Each serving contains 10Mg of THC
      • Production Capacity: 50,000 units/month
    • ”S’More Blasteroids” (Image 1, Image 2) - bite sized marshmallows enrobed in chocolate rolled in graham cracker crumbs that are “micro-dosed” at 0.5Mg of THC each (20 pieces per bag for a total of 10Mg)
      • Production Capacity: 75,000 units/month
  • Ramp up in production will be to 500,000 units a month in 2021
  • Will be distributed in the US via TERP Wholesale
  • Partnered with MPX International: https://ceo.ca/@thenewswire/mpx-international-enters-into-a-licensing-agreement
  • Latest news release: https://ceo.ca/@thenewswire/blackhawks-subsidiary-spaced-food-ramps-up-production
  • Blackhawk Link: https://www.blackhawkgrowth.com/spaced-food/
  • Twitter: https://twitter.com/SpacedFoodInc
  • Facebook: https://www.facebook.com/Spaced-Food-103998234941907/

TERP Wholesale

TERP Wholesale

  • Currently in LOI to acquire 100% ownership by Blackhawk for $2.5M of shares valued at $0.95 per share
  • Fully licensed cannabis distribution center in the state of California and provides supply chain solutions to the industry with the use of innovative technology, information management experts, security specialists, and sales/marketing professionals
  • TERP will become the US distribution channel of Spaced Food
  • Reported unaudited gross revenue of $3,439,000 CAD and net income of $1,835,000 CAD in fiscal year 2020
  • 2021 revenue estimated at $6,000,000
  • Latest news release: https://ceo.ca/@thenewswire/amended-blackhawk-growth-enters-into-letter-of-intent
  • YouTube video: https://www.youtube.com/watch?v=SxM7wf38Z9M
  • Website: http://terpwholesale.com/

Noble Hemp: CBD Products

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Sac Pharma: Cannabis Grower

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NuWave Foods: Shelf-Stable Baked Goods

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  • 51% owned by Blackhawk
  • Located in Edmonton, Alberta
  • Fully licensed and equipped 8000 sq.ft. commercial kitchen
  • Specializing in preservative free shelf stable baked goods
  • Currently partnered with BakeMark Canada, North America's Largest Bakery Manufacturer and Distributor. BakeMark will warehouse and distribute various NuWave products and will be presenting NuWave’s offerings to its national and regional chain stores
  • NuWave intends to activate multiple SKUs through BakeMark, it is expected that the products will be distributed to national grocers, convenience stores and cafe’s  which are part of BakeMark’s vast distribution network
  • Current specialty are doughnuts, cakes, expanding into all baked goods to create shelf stability in what is now a high demand space
  • Working with Spaced Food to produce infused Cheesecake and Doughnuts
  • Only Blackhawk, through its subsidiary NuWave, has exclusive international rights to dry psilocybin mushrooms using EnWave’s groundbreaking REV technology, used by the likes of The Green Organic Dutchman, Aurora, Tilray and others to dry cannabis
  • Latest news release: https://ceo.ca/@thenewswire/blackhawk-growths-nuwave-foods-to-be-warehoused-and
  • Blackhawk Link: https://www.blackhawkgrowth.com/nuwave/
  • YouTube Video: Blackhawk Growth Corp; Introducing Scott Manley CEO of NuWave Foods and Discussing the Industry: https://www.youtube.com/watch?v=oXy9l1KJAUg

Gaia: Public Cannabis Company

GAIA

Marketing Approach

Social Media Accounts

BLR has engaged the following marketing firms/individuals:

North Equities

Cervus Business Management

Arrow Park Capital

  • Based in Vancouver

Rachel Antony

Latest Financials (Three months ended March 31, 2021)

Three months ended December 31, 2020

  • Quarterly gross revenue of over $848,000
  • Portfolio Company Quarter Operations Results:
    • Noble Hemp reports record $381,000 of gross revenue
    • Sac Pharma reports $402,000 of gross revenue
    • Covid Test Product gross revenue of $65,000
  • $1,955,899 net investment gains on portfolio
  • EPS of $0.06 per share
  • $6,493,000 in current investments
  • Source: https://ceo.ca/@thenewswire/blackhawk-growth-files-quarter-ended-december-31-2020

Three months ended September 30, 2020

  • Cash: $555k
  • Assets (including cash): $4.3M
  • Liabilities: $247k
  • Revenue: $220k
    • Revenues do not include any source of income from Noble

Options, Warrants, and RSUs

Options

Source for all options is the latest Form 11

Name of Optionee No. of Shares Exercise Price Expiry Date Total Cash to BLR
Frederick Pels 12,000 $2.50 29-Jul-24 $30,000
Frederick Pels 120,000 $1.25 11-Aug-22 $150,000
Marc Lowenstein 12,000 $2.50 29-Jul-24 $30,000
Marc Lowenstein 40,000 $1.25 11-Aug-22 $50,000
Dave Antony 20,000 $2.50 29-Jul-24 $50,000
Dave Antony 40,000 $1.25 11-Aug-22 $50,000
Dale Owen 8,000 $2.50 29-Jul-24 $20,000
Dale Owen 20,000 $1.25 11-Aug-22 $25,000
Zula Kropivnitski 8,000 $2.50 29-Jul-24 $20,000
Zula Kropivnitski 100,000 $0.69 1-Mar-26 $69,000
Cassandra Gee 4,000 $2.50 29-Jul-24 $10,000
Cassandra Gee 20,000 $1.25 11-Aug-22 $25,000
Leonard Wong 40,000 $1.25 11-Aug-22 $50,000
Matthew Lee 40,000 $1.25 11-Aug-22 $50,000
Corey Travis 20,000 $1.25 11-Aug-22 $25,000
Konstantin Lichtenwald 40,000 $1.25 11-Aug-22 $50,000
Alex Klenman 20,000 $1.25 11-Aug-22 $25,000
Krista Leicht 150,000 $0.69 1-Mar-26 $103,500
Jeff Kirdeikis 200,000 $0.69 1-Mar-26 $138,000
Total 914,000 $970,500

* According to the December 2020 and January 2021 updates, all 1,052,000 of the $0.25 options have been exercised, adding $263,000 to BLR's treasury.

Warrants

Source for warrants: https://ceo.ca/blr-wt

Total Warrants Total Shares Exercise Price Expiry Date Total Cash to BLR
46,000,000 1,840,000 $1.25 17-Dec-24 $2,300,000

RSUs

Source: https://webfiles.thecse.com/Blackhawk_Growth_Corp._-_CSE_Form_11_Notice_of_Proposed_Stock_Option_-_March_1_2021_-_FINAL.pdf?pNbpPpBeXtZzDZ8fCCljahITw3XbAGXv

RSUs vest in January, 2022.

Name of Optionee No. of Shares
Frederick Pels 400,000
Dave Antony 250,000
Scott Seguin 100,000
Marc Lowenstein 100,000
Bill deJong 100,000
Total 950,000