(via TheNewswire)
HIGHLIGHTS FOR THE QUARTER ENDED
- Blackhawk acquires 100% of
Noble Line Inc. - Blackhawk portfolio companies have record 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
- Blackhawk records
$1,955,899 net investment gains on portfolio- Blackhawk reports comprehensive income
$0.06 per share- As at
December 31, 2020 , Blackhawk held$6,493,000 in current investments.
Blackhawk continues to focus its investmentsin the health, cannabis and CBD industries, in both
As at
---------------------------------------------------- |Company |Cost |Fair Value| |--------------------------------------------------| |SAC Pharma Partners Inc.|$ |$ | | |1,890,000 |3,041,349 | |--------------------------------------------------| |Noble Line Inc. | 532,935| | | | |1,349,280 | |--------------------------------------------------| |Trip Pharma |826,852 |826,852 | |--------------------------------------------------| |NuWave Foods Inc. |525,586 |525,586 | |--------------------------------------------------| |Gaia Grow Corp. |1,050,000 |750,000 | |--------------------------------------------------| |Total Equity Investments|$ |$ | | |4,825,373 |6,493,067 | ----------------------------------------------------
Short-term loans consist of the following as at
--------------------------------------------- |Loan Agreement |Principal|Fair Value| |-------------------------------------------| |February 6, 2019 |$ |$ - | | | 195,000 | | |-------------------------------------------| |May 29, 2019 |90,000 |90,000 | |-------------------------------------------| |May 31, 2019 |255,000 |255,000 | |-------------------------------------------| |Total loan investments|$ |$ | | |540,000 |345,000 | ---------------------------------------------
Board of Directors
The Company is pleased to announce that it has appointed Bill deJong as a member of its Board of Directors.
Mr. deJong is a lawyer in the
Blackhawk also announces that
Stocks Options and Restricted Share Units
Blackhawk has also granted an aggregate of 950,000 restricted share units (the " RSU ") to certain directors and officers of the Company pursuant to the Company's restricted share unit plan (the " RSU Plan "). The RSUs vest in
In addition, the Company’s board of directors has granted 450,000 stock options to purchase common shares of the company to certain directors, officers, employees and consultants of the company. The options vest over the 18 months from the date of issuance at an exercise price of
For more information on Blackhawk, please visit our website at:
https://www.blackhawkgrowth.com/
(403)-991-7737
fred@blackhawkgrowth.com
Cautionary Note Regarding Forward-Looking Statement
All statements in this press release, other thanstatements of historical fact, are “forward-looking information” with respect to the Company within the meaning of applicable securities laws, including with respect to the future prospects of the business of the Company and its portfolio companies. 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 SEDARprofile 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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Copyright (c) 2021 TheNewswire - All rights reserved., source