IGNITE International Brands enters into agreement to raise $2.86 mllion for its CBD brand

IGNITE product categories include CBD products, nicotine and synthetic nicotine vape products, premium performance drinks named ZRO, apparel, and spirits featuring tequila and a premium vodka

IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), a global consumer packaged goods company, today announced that it has entered into an agreement to issue 2,000,000 subordinate voting shares by way of private placement to Brisa Max Holdings VI LLC, which is expected to close on September 8, 2021. The subscription price is $1.43 per subordinate voting share, which was the closing price on September 2, 2021, for a total of $2,860,000 for the Company.

Dan Bilzerian, Chairman and CEO of Ignite, stated, “This subscription was the result of an unsolicited request to invest in IGNITE, not because of any financial needs of the Company. The investor is a sophisticated shareholder that will also add value to IGNITE beyond its investment”.

About IGNITE IGNITE is a global consumer premium brand, operating in several market segments.

IGNITE product categories include CBD products, nicotine and synthetic nicotine vape products, premium performance drinks named ZRO, apparel, and spirits featuring tequila and a premium vodka. The IGNITE THC product line was introduced in Canada in 2020.

Shares of IGNITE are listed on the Canadian Securities Exchange (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 www.ignite.co.