Blackhawk Resource Corp. (CNSX:BLR) entered into a letter of intent to acquire Spaced Food Inc. for $0.5 million on January 3, 2020. Blackhawk Resource Corp. (CNSX:BLR) entered into a definitive agreement to acquire Spaced Food Inc. on January 23, 2020. As per the consideration, Blackhawk intends to issue common shares with a value of $0.5 million to the existing shareholders of Spaced Food.  The shares will be issuable to the shareholders of Spaced Food upon the first commercial sale of products manufactured at a facility being developed by Spaced Food in Shasta Lake, California. Following completion of the acquisition, Spaced Food will form part of Blackhawk's existing portfolio of investments in the cannabis sector. Spaced Food's existing management will retain responsibility for overseeing and applying their intellectual property to day to day operations, with Blackhawk assuming overall control of the business. The completion of the acquisition of Spaced Foods remains subject to a number of conditions including, but not limited to, satisfactory completion of due diligence, negotiation of definitive agreements in respect of the transaction, and receipt of any required regulatory approvals. Blackhawk expects to sign a definitive agreement to acquire Spaced Food in the next thirty days. Blackhawk Resource Corp. (CNSX:BLR) canceled the acquisition of Spaced Food Inc. on January 23, 2021.