Issue #1 exists in two versions:
The newsstand version, priced at 10 cents, cover dated March was distributed in both Canada and USA and is contemporary with Captain Hobby Comics (Export Publishing, 1951 edition) #1 (February 1951).
It carries an advert for Captain Hobby on its back cover and its indicia appears on inside front cover.
The Canada only variant is unpriced, no month on cover and has its indicia on the back cover.
Its is uncertain at this time, which copy appeared first.