Vancouver, British Columbia – TheNewswire – June 16e2022 – Blackhawk Growth Corp. (the “Company”) (CSE: BLR); (Frankfurt:0JJ) is pleased to provide an update on the operations of its wholly owned subsidiary, TERP Wholesale, LLC (“TERP”).
For the five months beginning January 1st2022 ending May 31st2022, TERP released the results in unaudited Canadian dollars as follows:
Gross income $1,644,043
Gross profit $842,921
TERP has scaled its operations and significant growth is expected to continue.
TERP is in its fourth year of operation and has experienced consistent revenue growth in each year of operation. Readers are cautioned that these figures have been prepared by management and have not been audited. Actual results may differ once the audit is complete.
TERP expanded its area and machinery team to develop co-packing and overall production. These increases in efficiency not only increased sales and production, but also increased profitability. TERP launches its retail delivery service from Sacramento, Calif., and expands on-time to statewide delivery. TERP Infusion center is another route that will see product lines and revenue grow.
“TERP has had great results,” said Frederick Pels, CEO of Blackhawk Growth. “They’ve shown impactful gross revenue growth and with their new efficiencies, larger footprint and online retail delivery, I’m sure we’ll see further increases over the coming months. I look forward to sharing our progress with our shareholders as they become available.”
About TERP Wholesale LLC
TERP is a fully licensed fulfillment center in the State of California. TERP packages and manufactures some of the highest quality exotic brands and high THC products in the state of California. The team includes several distribution professionals, guided by proven leadership with extensive experience in cannabis and quality assured distribution. Current brands include, but are not limited to Delight of the sun, Norcal’s Finest, California Cannabis, and Scoopz.
Additionally, TERP provides supply chain solutions to industry using innovative technology, information management experts, security specialists and sales/marketing professionals. Using proven distribution methods, the TERP model is based on a perishable supply chain strategy that emphasizes the importance of quality assurance and customer satisfaction.
About Blackhawk Growth
Blackhawk is an investment holding company that seeks to create substantial value for its shareholders through the acquisition and development of high growth businesses. It has focused its investments in the healthcare, cannabis and cannabidiol industries in Canada and the United States. Its portfolio of companies includes TERP Wholesale, Sac Pharma, LeichtMind Clinics, Noble Hemp, Spaced Food, Blum Distributors Ltd., NuWave Foods, MindBio Therapeutics, Digital Mind Technology as well as a stake in Gaia Grow Corp. (CSE: GAIA) .
The company diligently posts updates via videos on the company’s official YouTube channel https://www.youtube.com/channel/UCs4f2tt3yAvOGhNLjgNOy-A
Please join the conversation on our Blackhawk Group supporters telegram group at https://t.me/Blackhawkgrowthcorp and visit us online at https://www.blackhawkgrowth.com.
For more information, please contact:
Frederick Pels, Managing Director
Caution Regarding Forward-Looking Statements
All statements contained in this press release, other than statements of historical facts, 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 which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions correct and that the objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, those identified and disclosed 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 the forward-looking information, there may be other factors that cause the actions , events or results are not 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, except as required by law.
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