Cizzle Brands obtains $5M credit facility from eCapital

Mr. John Celenza reports CIZZLE BRANDS SECURES $5 MILLION REVOLVING CREDIT FACILITY Cizzle Brands Corp. has entered into a three-year $5-million secured revolving credit facility provided by eCapital. The facility will be available to be drawn down as needed for general corporate purposes and working capital needs as the company continues to execute its business strategic growth plans for Cwench Hydration and Spoken Nutrition, along with new product offerings planned for the short and medium term. The facility bolsters Cizzle Brands' cash position following its oversubscribed private placement, in which it raised over $4.5-million. Cizzle Brands' founder, chairman and chief executive officer John Celenza commented: "Entering into the facility is a strategic decision that provides us non-dilutive working capital with a financial partner in eCapital that is prepared to grow with us. With the closing of the $4.5-million private placement along with the recent additions to the board of directors, including retired NFL star, Ndamukong Suh, we have the cash we need and are extremely well positioned to continue to sustainably grow our brands in Canada and strategically enter the U.S. market." About Cizzle Brands Corp. Cizzle Brands is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) Cwench Hydration, a better-for-you sports drink that is carried in over 4,400 locations in Canada, the United States and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF certified for sport qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. We seek Safe Harbor.