BLR Reports Increase in Value of its Portfolio by 49% Vancouver, British Columbia – TheNewswire - March 1, 2022 – Blackhawk Growth Corp. (CSE:BLR); (Frankfurt:0JJ) (the “Company”), is pleased to announce that the financial statements and MD&A for its first quarter ended December 31, 2021 have been filed on Sedar.
Highlights for the quarter ended December 31, 2021:
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Blackhawk acquires Digital Mind Technology Pyt Ltd., a clinical trial stage company developing digital interventions to treat mental health conditions. It successfully completed a pilot randomized controlled trial with 69 patients of an on-line mindfulness-based program for people diagnosed with melanoma. Digital Mind's clinical trial protocol was developed by leading scientist Dr. Russell at a major Australian university.
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Blachawk acquires TERP Wholesale LLC is a fully licensed distribution center in the State of California. TERP packages and manufacturers some of the highest quality exotic brands and high THC products in California. Distribution professionals, guided by a proven team with extensive experience in cannabis and quality-assured distribution.
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As at December 31, 2021, Blackhawk held $ 24,845,437 in current investments, a 49% increase from the value at September 30, 2021
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As at December 31, 2021, 2021, Net Asset Value (NAV) per share was $0.42
Blackhawk Growth Corp. (“Blackhawk” or the “Company”) continues to review both equity and debt investment opportunities. The Company has focused its investments in the health, cannabis and CBD industries, in both Canada and the US.
“The two acquisitions in the the quarter ended December 31, 2021 have increased both out asset base and the strength of the life sciences based portfolio of compnies that Blackhawk holds. Our portfolio of companies continue to show growth and value to our shareholders as we work to execute, expand and deliver even more value to shareholders over the course of the year” says Frederick Pels, CEO of Blackhawk Growth.
As at December 31, 2021 the Company’s equity investments consist of the following:
| Company | Cost | Fair Value |
| | $ | $ |
| MindBio Therapeutics | 10,826,638 | 10,826,638 |
| Digital Mind | 5,370,000 | 5,370,000 |
| Terp Wholesale, LLC. | 2,500,000 | 2,500,000 |
| SAC Pharma Partners Inc. | 1,890,000 | 1,890,000 |
| Gaia Grow Corp. | 1,050,000 | 750,000 |
| Noble Line Inc. | 986,800 | 986,800 |
| Trip Pharma Inc. | 997,644 | 997,644 |
| NuWave Foods Inc. | 899,392 | 899,392 |
| Spaced Food Inc. | 355,110 | 355,110 |
| Engine Media (UMG) | 56,377 | 10,244 |
| Fantasy Aces | 9,470 | − |
| Total Equity Investments | 24,941,431 | 24,585,828 |
Short-term loans
As at December 31, 2021 the Company’s short-term loans consist of the following:
| | December 31, 2021 | June 30, 2021 |
| | $ | $ |
| Short term loans | 259,609 | 259,609 |
| Total loan investments | 259,609 | 259,609 |
About Blackhawk Growth
Blackhawk Growth is an investment holding 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 Sac Pharma, LeichtMind Clinics, Noble Hemp, Spaced Food and Stable Foods Co, MindBio Therapeutics, Digital Mind Therapeutics as well as an equity positon in publicly traded company Gaia Grow Corp (CSE:GAIA)..
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 more information on Blackhawk, please visit our website at:
https://www.blackhawkgrowth.com/
Frederick Pels, Chief Executive Officer
(403)-991-7737
fred@blackhawkgrowth.com