Cizzle Brands Closes US$6.2M Convertible Note Financing to Fuel Retail Expansion and Working Capital

Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) has closed a US$6.2 million senior secured convertible note financing with Ascent Partners Fund LLC, the company announced today. Additionally, the company secured a commitment for an extra C$1 million unsecured convertible note financing. The proceeds are expected to support working capital, retail expansion of the company's CWENCH Hydration sports drink, and operations at its CWENCH Hydration Factory. Joseph Gunnar & Co. LLC acted as exclusive placement agent for the Ascent financing.

This capital infusion comes at a critical time for the company as it seeks to scale its presence in the competitive sports nutrition market. CWENCH Hydration, a better-for-you sports drink, is already carried in over 6,200 locations across Canada, the United States, and Europe. The new funds will enable further retail expansion, potentially increasing shelf space and market penetration. The company's vertically integrated model, which includes ownership of the CWENCH Hydration Factory, allows it to control production and respond quickly to demand.

The financing also underscores investor confidence in Cizzle Brands' strategy and growth trajectory. With additional working capital, the company can invest in marketing, inventory, and operational efficiencies. Cizzle Brands has launched three brands: CWENCH Hydration, Spoken Nutrition (featuring NSF Certified for Sport nutraceuticals), and HappiEats (including Sport Pasta and SnakStars Sport Bites). All products are designed to support active lifestyles.

For more details, the full press release is available at https://nnw.fm/zs7Qk. Information about Cizzle Brands can be found at https://www.cizzlebrands.com/.