Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) announced the closing of a US$6.2 million senior secured convertible note financing with Ascent Partners Fund LLC. The company also secured a commitment for an additional C$1 million unsecured convertible note financing. Proceeds from the financing are expected to support working capital, retail expansion of the company's CWENCH Hydration(TM) sports drink, and operations at the CWENCH Hydration Factory.
Joseph Gunnar & Co. LLC acted as exclusive placement agent for the Ascent financing. The full press release is available at https://nnw.fm/zs7Qk.
Cizzle Brands is a vertically integrated sports nutrition company that has launched three brands: CWENCH Hydration, a better-for-you sports drink now in over 6,200 locations across Canada, the United States, and Europe; Spoken(TM) Nutrition, a premium brand of athlete-grade nutraceuticals with the NSF Certified for Sport(R) qualification; and HappiEats(TM), offering high-performance foods like Sport Pasta(TM) and SnakStars(TM) Sport Bites. The company also owns The CWENCH Hydration Factory, a manufacturing facility that produces CWENCH Hydration and other beverage brands in Tetra Pak packaging.
The financing underscores Cizzle Brands' efforts to scale its retail presence and meet growing demand for its products. With the additional capital, the company aims to expand distribution of CWENCH Hydration, which has already gained traction in major markets. The investment comes as the sports nutrition sector continues to grow, driven by consumer interest in healthier, performance-oriented beverages and foods. Cizzle Brands' products are designed for athletes and active individuals seeking clean, functional nutrition.
For more information about Cizzle Brands, visit https://www.cizzlebrands.com/.
