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Blackhawk Completes Investment in Psychadelic Development and Wellness Space – TheNewswire.ca

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Vancouver, British Columbia – TheNewswire – October 16, 2020 – Blackhawk Growth Corp. (CSE:BLR) (CNSX:BLR.CN) (Frankfurt:0JJ) US (OTC:BLRZF) (the “Company“), is pleased to announce that it has acquired (the “Transaction“) all of the outstanding share capital of Trip Pharma Inc. (“Trip Pharma“).

Led by Dr. Krista Leicht, Trip Pharma is a privately-held arms-length psychedelic development and wellness company based in Edmonton, Alberta. Trip Pharma is currently pursuing the buildout of a purpose-built facility that will provide a supply of high-quality products for use in research and prescription for clinical patients. Trip Pharma intends to conduct research in psilocybin producing mushrooms, is in the process of submitting an application for a Controlled Drugs and Substances Dealers License in Canada and is working to source a library of Psilocybin Cubensis genetics.

Trip Pharma also plans to develop a psychiatric research clinic where patients are able to access care, as well as complementary treatments, in a welcoming and stigma-free environment. If and when Trip Pharma receives its dealers license, the clinic intends to conduct research into the use of psilocybin for the treatment of depression, anxiety, post-traumatic stress, chronic pain and fatigue, sleep disorders, sexual dysfunction, and attention deficit symptomatology, and then meet with patients to gauge their interest in the use of psilocybin as a potential therapy.

Once the clinic is developed, it is anticipated that Trip Pharma will own a 51% interest with Dr. Krista Leicht owning the remaining 49%.

About Trip Pharma’s Founder: Dr. Krista Leicht

Dr. Leicht is a Canadian-trained and Alberta-licensed medical doctor and psychiatrist, who brings over 20 years of clinical experience to the team. She has divided her time in a busy practice between inpatient and outpatient care, treating both the general adult psychiatry population and specializing in addressing the complex needs of developmentally handicapped individuals. Dr. Leicht maintains a hospital practice at Alberta Hospital Edmonton and sees outpatients in a South Edmonton clinic. She continues to teach medical students, residents and provides further education to family-practice colleagues. Dr. Leicht’s goal in clinical practice and in her own life has always been to go beyond — to provide unique and innovative treatments that better enrich the lives of patients is her mission.

About Trip Pharma’s Advisors:

Nicole Babey: About 3 years ago, both Ms. Babey and her husband went through some very difficult times with their mental health, and the two of them decided to look into natural treatment options as traditional pharmaceuticals were not working. Their research led them to both cannabis and psilocybin containing mushrooms. Over the last 3 years, Nicole has learned an enormous amount about the physiology and growing needs of fungi including ideal substrate, inoculation methods, incubation techniques, fruiting conditions, and preservation steps. She has also obtained an extensive genetics library, as well as become an expert on genetics preservation (spore collection and cloning as well as selection criteria to ensure vigorous growth and potency). She has also done experiential experimentation on dosing in both a micro and macro scale. Through this process, both Nicole and her husband have seen significant success in managing the symptoms of their mental health conditions, and can see the value in sharing this potential solution with others who suffer from treatment resistant depression, anxiety, and other life impacting issues. Psychedelics can truly be the key that unlocks a person’s ability to live an enjoyable, productive life.

Faith Shumba: Ms. Shumba has a sales and marketing background which she has used extensively in the cannabis community. With over 10 year experience working within the industry she has developed a passion for natural healing. After spending several years working in real estate and architecture, she has moved back to her passion of helping people enrich their lives. She strives to be an advocate within the community and as someone who has used psychedelics to drastically change her own life she aspires to help and educate others on how to also use alternative medicines to better their health and mental well-being.

Daniella Smith: Having spent 15 years in the integrative lifestyle and personal coaching industry, Daniela has a strong passion for assisting others with achieving a better sense of being and healthier way of life. She believes, through creating awareness in the body and mind, we can establish a new path that directs us into our strength.

Trip Pharma now forms part of the Company’s existing portfolio of investments in the cannabis sector. Trip Pharma’s existing management will continue to retain responsibility for overseeing day-to-day operations, based upon an agreed budget.

Transaction Structure

The Company acquired all of the outstanding share capital of Trip Pharma pursuant to a share purchase agreement entered into between the Company, Trip Pharma and each of the shareholders of Trip Pharma, dated effective October 13, 2020. In consideration for the completion of the Transaction, the Company has issued 30,000,000 common shares to the existing shareholders of Trip Pharma.

The Company is at arms-length from Trip Pharma and its shareholders. The Transaction neither constitutes a fundamental change nor a change of business for the Company, nor has it resulted in a change of control of the Company within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. In connection with the completion of the Transaction, the Company has issued 3,000,000 common shares to an arms-length third-party who assisted with facilitating the Transaction.

Trip Pharma now forms part of the Company’s existing portfolio of investments in the health care sector. Trip Pharma’s existing advisors will continue to retain responsibility for overseeing day-to-day operations, based upon an agreed budget.

“I am extremely excited about this new venture” says Frederick Pels, CEO of Blackhawk. “Partnering with Dr. Leicht and her team gives us an incredible insight and edge into the psychedelic and wellness space in Canada. While we’re currently in the midst of pursuing a Canada dealers license that will allow us to conduct research, test, possess, buy and sell substances, our clinic should be ready to launch sometime in the new year. Given Dr. Leicht experience in the space, we hope our clinic will become a leader in the health and wellness space in Canada.”

“I am thrilled to be part of this foray into new frontiers where we hope to bring the opportunity for unique treatment to many” says Dr. Krista Leicht. “People suffering with various psychiatric issues, chronic pain, fatigue, and metabolic dysregulation, may have an alternative where conventional treatments have failed them, or have produced incomplete results. It is an exciting time in psychiatry and medicine. I am very grateful for the support of Blackhawk, and CEO Fred Pels, for their support, as I work to expand the treatment options for my patients.”

For more information on Trip Pharma, please visit their website at: www.trippharma.com

Readers are cautioned that Trip Pharma does not currently hold a Controlled Drugs and Substances Dealers License, and while an application for such a license has been submitted in Canada, there can be no guarantee that such application will be successful and a license granted. Until such time as the license is received, Trip Pharma is not permitted to possess psilocybin for the purposes of research and testing.

Frederick Pels, Chief Executive Officer

(403)-991-7737

fred@blackhawkgrowth.com

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 the future prospects of the business of the Company and Trip Pharma. 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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BC Liberals promise $2 million investment in McAbee Fossil beds – Ashcroft Cache Creek Journal

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BC Liberal candidate Jackie Tegart has announced that $2 million from the Liberals’ Rebuild B.C. plan has been earmarked for the development of the McAbee Fossil Beds as a tourist destination.

The McAbee Beds are located east of Cache Creek on the Trans-Canada Highway, and are internationally recognized as the most diverse site known in British Columbia for plants and insects of the Eocene Epoch from 50 million years ago.

In 2012 the beds were declared a heritage site by the provincial government and closed to the public. In 2017 a working group of volunteers secured funding to develop a business plan for the site, which set out a phased approach to develop a world-class interpretive and research centre at the globally significant site, which could attract up to 50,000 visitors each year.

The McAbee Beds were recognized with a “Stop of Interest” sign and reopened to the public in the summer of 2019. The COVID-19 pandemic halted plans to open the site again in 2020, but work on a trail system for visitors began in September, with the hope of welcoming visitors again in 2021.

The BC Liberals recently announced their $8 billion Rebuild B.C. plan, which includes increased funding to accelerate infrastructure projects to meet the needs of the province’s growing population, create jobs, and improve long-term productivity. The McAbee site has been recognized for the enormous potential it has as a centre for education, research, and tourism, and the Liberals say that investment in it would put people to work immediately as the site is developed, and for years to come as the centre becomes operational.

“This site is of interest to researchers, students, and visitors,” says Tegart. “Investing in developing McAbee as a tourist destination will create jobs and allow more British Columbians to safely visit and spend time in our community.”

BC Votes 2020Election 2020

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Investment of $550-million will build 20 new schools, expand others: province – durhamradionews.com

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Over the next year, 20 new schools will be built across Ontario and eight existing schools will see state-of-the-art permanent additions.

That’s according to the provincial government, who are investing $550-million in the project, which is expected to add nearly 16,000 new learning spaces and 870 new licensed child care spaces over the 2020-2021 school year.

“Our government is doing everything possible to ensure our students can achieve lifelong success,” said Premier Doug Ford. “That’s why we made a significant commitment to fix our schools and ensure students and staff have access to the best classrooms, with features like modern ventilation systems and high-speed Internet access. During construction, these projects will create hundreds of jobs and contribute significantly to our economic recovery.”

Some schools will also be getting upgrades to enhance their facilities and add more student spaces.

“This government firmly believes that all children deserve to learn in state-of-the-art, modern, technologically connected and accessible schools,” said Education Minister Stephen Lecce. “We will continue to take action to ensure students are safe today and well into the future by approving more new school buildings and permanent additions, and increasing access to child care for working parents.”

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Israel, UAE, US launch joint regional investment fund – Anadolu Agency

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JERUSALEM 

Israel, the United Arab Emirates (UAE) and US announced on Tuesday the establishment of a development fund during the first-ever visit of an Emirati delegation to Tel Aviv.

The Abraham Fund, derived from the Abraham Accords, the official name of the normalization deal between Israel and the UAE, will be launched with an initial investment of $3 billion, said US International Development Finance Corporation CEO Adam Boehler.

He said the Jerusalem-based fund aims to promote economic cooperation and prosperity in the Middle East and North Africa.

In a statement, the US Embassy in Israel said the fund is “a manifestation of the new spirit of friendship and cooperation between the three countries, as well as their common will to advance the region”.

On Sept. 15, the UAE and Bahrain agreed to establish full diplomatic, cultural and commercial relations with Israel after signing controversial agreements at the White House.

The deals have drawn widespread condemnation from Palestinians, who say the accords ignore their rights and do not serve the Palestinian cause.

* Ahmed Asmar contributed to this report from Ankara



Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

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