Vancouver, British Columbia – TheNewswire - April 6, 2021 – Blackhawk Growth Corp. BLR; (Frankfurt:0JJ); BLR; BLRZF (the "Company" or "Blackhawk"), is pleased to announce that the Company's wholly owned subsidiary, Spaced Food, has 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 (the "Distributor").
In addition, the Spaced Food product line has been accepted for sale in the province of British Columbia. Sales of the revolutionary products are expected to start in Alberta and Saskatchewan soon. Spaced Food's production capacity currently stands at 100,000 packages per month and can be increasing to 500,000 packages per month as other provinces come on board and demand increases.
Through the Distributor, Spaced Food has received multiple purchase orders from the Province of Ontario and British Columbia totalling 42,000 units. The Distributor will be responsible for all sales and distributions of Spaced Foods cannabis edibles.
All products have been listed on Health Canada's cannabis tracking and licensing system (CTLS) allowing for the sale and distribution of its Spaced Foods cannabis infused products effective March 21, 2021. It is anticipated the orders will be recurring monthly. Additional products and SKUs will also be added.
The current approved SKU's are as follows:
"Astronaut Sorbet" a shelf stable "Ice Cream" that requires no refrigeration, and is fully shelf stable, vegan, gluten-free, dairy-free, made with100% real fruit, and contains zero preservatives. Each piece contains 10mg of THC
"Cosmic Cheesecake" a fully shelf stable cheesecake enrobed with chocolate. Each Piece contains 10mg of THC
"S'More Blasteroids" bite sized crispy 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)
The above products and SKUs have also been accepted and will be listed with the regulators in Alberta, British Columbia and Saskatchewan. Through the Distributor, Blackhawk also anticipates expanding this approved offering to the remaining provinces as well as other regulated jurisdictions outside of Canada.
Frederick Pels, CEO of Blackhawk, commented, "the revolutionary Spaced Food product line is about to elevate what consumers expect to see in a cannabis edible. I look forward to updating shareholders as we bring Spaced Foods coast to coast."
The agreement with the Distributor covers an initial term of two years and stipulates that 60% of the net revenue, after all direct costs related to production, sales, and transportation will be earned by Spaced Food.
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About Spaced Food
Spaced Food produces and will sell shelf-stable, cannabis infused edibles that require no refrigeration. After three years of research and development, Spaced Food has come up with a product with excellent bioavailability and accurate dosing. Made using the same technology used on food for astronauts in space, Spaced Food's technology locks in 90% of the nutritional value as well as 100% of the medicinal ingredients.
About Blackhawk Growth
Blackhawk Growth is an investment issuer looking to create substantial value for our shareholders through the acquisition and development of high growth opportunities. The company has focused its investments in the health, cannabis and CBD industries in both Canada and the United States. Its portfolio of companies include Sac Pharma, LeichtMind Clinics, Noble Hemp, Spaced Food and NuWave Foods.
The company diligently posts updates through videos from the official company YouTube channel
https://www.youtube.com/channel/UCs4f2tt3yAvOGhNLjgNOy-A
Please join the conversation on our Blackhawk group supporter'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 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 Company within the meaning of applicable securities laws, including with respect to production and sale of the Spaced Foods products and approval of the products. 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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