TORONTO--(BUSINESS WIRE)--Jun 15, 2026--
Cizzle Brands Corporation (Cboe Canada: CZZL; OTCQB: CZZLF; Frankfurt: 8YF) ( “Cizzle Brands” or the “Company” ), the sports nutrition company that is elevating the game in health and wellness, today announced its financial results for the three and nine months ended April 30, 2026. The third quarter was the Company’s first full period operating as a integrated platform following the acquisition of the CWENCH Hydration Factory, and was highlighted by record revenue with positive Adjusted EBITDA, and new retail listings in both Canada and the United States.
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Q3 FISCAL 2026 HIGHLIGHTS
MANAGEMENT COMMENTARY
“Q3 was a breakthrough quarter for Cizzle Brands,” said John Celenza, Founder, Chairman and CEO of Cizzle Brands. “In our first full quarter as a vertically integrated platform, we delivered record revenue of $12.6 million, more than tripling the prior year, and we generated positive Adjusted EBITDA for the first time in the Company’s history. The CWENCH Hydration Factory is performing as we envisioned, contributing $9.3 million of contract manufacturing revenue in the quarter and giving us a scalable, cash-generative foundation.”
Celenza continued: “This was also a milestone quarter for our brands. CWENCH Hydration is now on shelf nationally in the United States at Target and across Canada at Walmart, Loblaws, and Real Canadian Superstores. SPOKEN Nutrition and HappiEats continue to grow, and UNFI Canada recognized CWENCH as one of the fastest-growing brands in its network. We are mindful that this growth comes alongside the work of integrating a major acquisition and continuing to invest behind our brands. Our focus remains on disciplined execution, margin improvement, and a clear path toward sustained profitability.”
Q3 FINANCIAL REVIEW (three months ended April 30, 2026)
SEGMENT AND CHANNEL HIGHLIGHTS
SUBSEQUENT HIGHLIGHTS
Subsequent to the quarter end, the Company continued to build momentum with several milestones:
OUTLOOK
Cizzle Brands enters the final quarter of fiscal 2026 as a vertically integrated sports nutrition platform with record revenue, positive Adjusted EBITDA, and an expanding retail footprint in both Canada and the United States. The CWENCH Hydration Factory is operational and ramping production, and management expects the Manufacturing Business to continue contributing meaningfully to revenue and cash flow as production scales across its contracted customer volume base.
At the same time, the Company will continue to invest in its Brands Business, with a focus on scaling its retail footprint, deepening grassroots and sports organization partnerships, improving gross margin, and driving repeat-purchase demand at retail. Management remains focused on a clear path toward sustained profitability.
Management is focused on scaling revenue, improving margins, and prudently managing the Company’s capital structure. Readers are encouraged to review the risk factors and liquidity discussion in the MD&A.
INVESTOR CALL
The Company will be hosting a conference call and webcast to discuss its results on Wednesday, June 17, 2026 at 9:30 a.m. ET. To access the call, please visit this link.
FINANCIAL STATEMENTS AND MD&A
Cizzle’s condensed consolidated interim financial statements and Management’s Discussion and Analysis for the three and nine months ended April 30, 2026 are available on SEDAR+ at www.sedarplus.com and on the Company’s website at www.cizzlebrands.com.
NON-IFRS FINANCIAL MEASURES
This press release makes reference to certain non-IFRS financial measures, including EBITDA and Adjusted EBITDA. These measures are not recognized under IFRS and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. These measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation or as a substitute for analysis of the Company’s financial information reported under IFRS. Please refer to the Company’s MD&A for reconciliations of non-IFRS measures to the most comparable IFRS measures.
About Cizzle Brands Corporation
Cizzle Brands Corporation is a vertically integrated sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several sports, Cizzle Brands has launched three game-changing brands: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 6,700 locations in Canada, the United States, and Europe; (ii) Spoken™ Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification; and (iii) HappiEats™, upgrading everyday eats with high-performance foods such as Sport Pasta™ and SnakStars™ Sport Bites. It also owns and operates The CWENCH Hydration Factory, a manufacturing facility that produces CWENCH Hydration and other leading beverage brands in Tetra Pak packaging. All Cizzle Brands products are designed to help people of all ages achieve their best in competitive sports and in living a healthy, vibrant, active lifestyle.
For more information about Cizzle Brands, please visit: https://www.cizzlebrands.com/
For more information about CWENCH Hydration™, please visit: https://www.cwenchhydration.com
For more information about Spoken™ Nutrition, please visit: https://www.spokennutrition.com
For more information about HappiEats™, please visit https://www.myhappieats.com
On behalf of the Board of Directors of the Company,
CIZZLE BRANDS CORPORATION
“John Celenza”
John Celenza, Founder, Chairman, and Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: expected financial results, manufacturing efficiency, growth strategy, retail expansion and product launches, scaling of production capacity, new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.
Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks (including manufacturing facility utilization rates, dependency on third-party co-manufacturing volume commitments, and production line efficiencies), reliance on third-party logistics (3PL) providers and outsourced supply chain networks, dependency on single-source or third-party suppliers for raw materials and packaging inputs (including outsourced proprietary flavor formulations), regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
Cizzle Brands Corporation today reported its fiscal 2026 Q3 financials, with positive Adjusted EBITDA and year-over-year revenues up 253%.
