Ignite International Brands Announces Business Combination Approval From the CSE and Commencement pf Trading
03 Junho 2019 - 8:52PM
Ignite International Brands, Ltd. (“
Ignite” or the
“
Company”) is pleased to announce that, further to
its news release of May 30, 2019, Ignite has received final
approval of the Canadian Securities Exchange (the
“
CSE”) for the previously announced business
combination (the “
Business
Combination”) between Ignite and Ignite
International, Ltd. The Company anticipates that trading of the
subordinate voting shares of Ignite will commence on the CSE on
June 4, 2019 under the ticker symbol “BILZ”.
Jim McCormick, President of Ignite, stated, “We
are certainly pleased that our subordinate voting shares will
commence trading on the CSE tomorrow following the reorganization
of the Ignite corporate structure into one business entity. This
will facilitate the execution of our long term strategy and we
appreciate the patience of shareholders during the process.”
About Ignite
Ignite is a CSE-listed vertically-integrated
company operating in the cannabis industry. Ignite intends to
expand its business, which currently includes branding, marketing,
licensing, sales and distribution, across additional legal
jurisdictions in the United States and into international
jurisdictions, across multiple product applications. Ignite intends
to affect this expansion through brand leverage, product
development, targeted marketing and strategic supply chain
partnerships in each of the target jurisdictions.
For further information, please contact:
Eddie MatteiTel: (905) 669-0623Email:
eddie@ignite.co
THE CANADIAN SECURITIES EXCHANGE (CSE) HAS NOT
REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION: This news release includes
certain “forward-looking statements” under applicable Canadian
securities legislation. Forward-looking statements include, but are
not limited to, statements with respect to the commencement of
trade of the Ignite subordinate voting shares on the CSE and the
Company’s intended business focus and strategy. 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; ability
of the Company to give effect to its business plan; reliance on Dan
Bilzerian and the “IGNITE” brand which may not prove to be as
successful as contemplated; the ability to and risks associated
with unlocking future licensing opportunities with the “IGNITE”
brand, building a global cannabis brand and the ability of the
Company to capture significant market share; ability to source and
secure companies or businesses to acquire and risks related to the
acquisition of such companies or businesses; and the uncertainties
surrounding the cannabis industry in North America and
internationally. 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.
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