Blackhawk’s TERP Wholesale LLC reports unaudited gross revenue of $2,503,133 for the nine months ended September 30, 2021

(via TheNewswire)

Vancouver, British Columbia –The Newswire– January 6, 2022 – Blackhawk Growth Corp. (the “Company”) (CSE: BLR) (CNSX:BLR.CN) (Frankfurt:0JJ) is pleased to provide an update on the operations of its wholly owned subsidiary, Wholesale TERP, LLC (“TERP”). The acquisition of TERP was successfully completed on December 1, 2021.

For the nine months ended September 30, 2021, TERP released the results in unaudited Canadian dollars as follows:

Gross revenue $2,503,133

Gross profit $1,533,923

Net profit $249,838

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.

Operations update

TERP expanded its co-packing and transportation services and was retained by several other transportation customers for its logistics arm of the business. TERP provides product across the state for several nurseries that produce clones for dispensaries with growers. Recently, TERP added two notable clients to its ever-growing list:

Humboldt Farms:

Humboldt Farms is a great Californian brand. TERP will co-pack 200 pounds of their dried flowers per week. Their flower will be packaged in 1/8 ounce jars. Totaling 25,600 jars.

Rimrock Farms:

TERP will also provide co-packing and transportation for the last leg to Rimrock Farms. They have two acres of cultivation and are expected to provide £100 per week for TERP services.

“I am delighted to present the growth of TERP Wholesale” declared Frederic Pels, CEO of Blackhawk Growth. “TERP continues to add significant customers to its distribution portfolio and once all the synergies of Blackhawk’s portfolio are deployed, I expect to see revenue continue to grow. I look forward to sharing our progress with our shareholders over the coming quarters. »

On 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 toDelight of the sun,Norcal’s Finest, California Cannabis,andScoopz.

Additionally, TERP provides supply chain solutions to industry using innovative technology, information management experts, security specialists and sales/marketing professionals. Using proven distribution methods, TERP’s model is based on a perishable supply chain strategy that emphasizes the importance of quality assurance and customer satisfaction.

On 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 both Canada and United States. Its portfolio of companies includes TERP Wholesale, Sac Pharma, LeichtMind Clinics, Noble Hemp, Spaced food, 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 channelhttps://www.youtube.com/channel/UCs4f2tt3yAvOGhNLjgNOy-A

Please join the conversation on our Blackhawk Group supporters telegram group athttps://t.me/Blackhawkgrowthcorpand visit us online athttps://www.blackhawkgrowth.com.

For more information, please contact:

Frederic Pels, Chief executive officer

(403)-991-7737

Fred @blackhawkgrowth.com

Caution Regarding Forward-Looking Statements

All statements contained in this press release, other thanstatements 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 those 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 updateor 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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