Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) recently announced its entry into a licensing agreement with CannMart Inc., a leading online provider of high quality cannabis products and accessories, operating as a wholly-owned subsidiary of Namaste Technologies Inc. (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ). According to the update, the agreement grants CannMart a non-exclusive license to utilize certain IGNITE brand trademarks on legal cannabis-based products in consideration for certain royalty payments. “The IGNITE team remains committed to delivering cannabis products to every market we target. We firmly believe working with CannMart will provide quality product offerings and a quicker route to market given CannMart’s competencies,” IGNITE CEO Dan Bilzerian said in the news release. “The IGNITE philosophy aligns with CannMart’s passion to deliver innovative products through its global distribution channels.”
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About Ignite
IGNITE is a CSE-listed and OTCQX traded company operating in permissible CBD and cannabis sectors in addition to other product categories such as beverages. IGNITE intends to expand its business, which currently includes branding, marketing, licensing, sales and distribution, across the United States, Canada and United Kingdom into international jurisdictions by leveraging multiple product platforms. The Company intends to affect this expansion through brand leverage, product development, targeted marketing and strategic supply chain partnerships in each of its active and target jurisdictions. For more information, visit the company’s website at www.Ignite.co.
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