IGNITE International Brands, Ltd. Enters National Distribution Agreement With Radicle Medical Marijuana Inc.
November 18 2020 - 5:00PM
IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF)
(“
IGNITE” or the “
Company”), a
global consumer packaged goods brand, is pleased to announce that
it has entered into a national distribution agreement with Radicle
Medical Marijuana Inc. (“
Radicle”), a leading
white label producer of craft cannabis. Radicle operates a 40,000
square foot hydroponic facility, focused on producing small batch,
high quality cannabis and brings an established distribution
network that will help ensure IGNITE products continue to be
accessible to all Canadian consumers.
“A partnership with Radicle is a strategic move
that brings like-minded, industry leading experts together to form
a collaboration that will solidify IGNITE’s position in the
Canadian Cannabis market,” said Gene Bernaudo, Global Head of
Cannabis at IGNITE. “Curating premium craft cannabis and delivering
consistent products are goals IGNITE shares with Radicle and are
defining characteristics of the IGNITE brand. Our goal is to bring
IGNITE’s product portfolio to the next level by working with
Radicle, utilizing their expertise to research and develop genetics
that will be exclusive to IGNITE in Canada.”
About IGNITE
IGNITE is a global consumer brand, operating in
the premium product segment of the market. Founded by Dan
Bilzerian, the Company’s ‘quality‐first’ approach is fundamental to
the brand and its products. Originally operating in the cannabis
and hemp‐derived cannabidiol (CBD) wellness space, IGNITE was able
to establish its brand awareness. IGNITE product categories now
include a full line of CBD oil tinctures, CBD topicals, CBD pet
products and CBD vape devices, nicotine and synthetic nicotine vape
products, a line of premium performance drinks, named Z‐RO as well
as a gluten‐free, seven‐time distilled vodka, and apparel produced
by various partners and sold through select distributors, brick and
mortar retailers, and online through the Company’s website,
ignite.co. The IGNITE THC product line, which was launched
subsequent to the CBD product line, incorporates quality, locally
sourced, cannabis products.
Shares of IGNITE are listed on the CSE under the
symbol “BILZ” and quoted in the United States on the OTCQX under
the symbol “BILZF”.
Further information on IGNITE can be found on
the Company’s website at ignite.co.
For further information, please contact:
Linda K. Menzel, General Counsel Tel:
310‐867‐3859 Email: linda.menzel@ignite.co
About Radicle Medical
Marijuana Inc.
Founded in Hamilton, Ontario in 2014 Radicle
Cannabis Inc. is a licenced producer under the Cannabis Act. The
company received its cultivation license in 2017, and its sales
license in 2018. The company has positioned itself as a premium
white label producer and is working with the biggest and best
cannabis brands in the world. The company’s mission is to
distribute and cultivate premium craft cannabis to match the needs
of the market, and to be beloved by customers remains the centre of
the company’s core values. For more information, visit
www.radiclecannabis.ca
For more information, please visit
https://radiclecannabis.ca
CAUTIONARY STATEMENT REGARDING
FORWARD‐LOOKING
INFORMATION
This news release includes certain
“forward‐looking statements” under applicable Canadian securities
legislation, including statements with respect to the future
distribution arrangement with Radicle and its ability to distribute
IGNITE’s products. Forward‐looking statements are necessarily based
upon several estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward‐looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties and the effects and impacts of the coronavirus
disease (COVID‐19) pandemic, the extent and duration of which are
uncertain at this time on IGNITE’s business and general economic
and business conditions and markets. There can be no assurance that
any of the forward‐looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward‐looking statements. The Company
disclaims any intention or obligation to update or revise any
forward‐looking statements, whether because of new information,
future events or otherwise, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE
NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
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