Cizzle Brands 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.
Cizzle Brands’ Founder, Chairman, and Chief Executive Officer
“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,” John Celenza, founder, chairman and CEO of Cizzle Brands, said. “With the closing of the $4.5 million dollar 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.”
