CALGARY, Alberta, April 24, 2019 /PRNewswire/ -- Blackhawk Resource Corp. (the "Corporation" or "Blackhawk") (CSE: BLR), is pleased to provide an update on its proposed acquisition, The Green Room. The Company wishes to announce that they have passed the initial screening and have been added to the list of pre-qualified applicants for entry into the second round of the Manitoba Retail Cannabis Lottery.
Here is an excerpt from the letter received by Fred Pels, CEO of The Green Room, received from the Procurement Services Branch of The Province of Manitoba:
"Thank you for submitting a response to our Request for Prequalification (RFPQ) for Retail Cannabis Stores. On behalf of Manitoba Growth, Enterprise and Trade, Procurement Services Branch is pleased to advise that you have passed the initial screening of the responses and will be added to the Pre-qualified list for the opportunity to enter a lottery for a cannabis retail store licence."
"Manitoba is an exclusive cannabis retail market Canada, with only 22 stores currently operating in the whole province" says Fred Pels, CEO of The Green Room. "We are excited to be among the next group of qualified applicants to have a chance at a retail license in Manitoba. Bringing our unmatched customer service and product knowledge to bear in Manitoba has long been a goal of The Green Room. We look forward to working with the regulators in Manitoba to ensure we bring the highest quality of cannabis and CBD related products to consumers."
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Neither the CSE nor its Regulatory Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the Transactions. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, the risks that the parties will not proceed with the Transactions, that the ultimate terms of the Transactions will differ from those that currently are contemplated and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Completion of each Transaction is subject to a number of conditions, including but not limited to, CSE acceptance and if applicable, shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with each Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied on. Trading in the securities of Blackhawk should be considered highly speculative.
The CSE has in no way passed upon the merits of the proposed Transaction and has neither approved or disapproved the contents of this press release.
All information contained in this press release with respect to the Corporation and Green Room was supplied by the Corporation and Green Room, respectively, for inclusion herein.
This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.
For further information on please contact:
Blackhawk -Chief Executive Officer
The Green Room
Noble Line Inc
SOURCE Blackhawk Resource Corp.