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Source: Ignite International Brands, Ltd.
VAUGHAN, Ontario, Oct. 02, 2020 (GLOBE NEWSWIRE) -- IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), a global consumer packaged goods brand, today announces the mutual termination of an agreement between IGNITE and CannMart Inc., a wholly-owned subsidiary of Namaste Technologies Inc. (“Namaste”), to utilize certain IGNITE trademarks on cannabis-based products. CannMart will continue selling remaining IGNITE inventory through provincial control boards and through its medical channel at Cannmart.com until December 29, 2020 and will no longer act as a distributor for IGNITE in Canada. IGNITE products, to the extent made available by licensed retailers in Saskatchewan, will also continue to be available on Cannmart.com via it’s VendorLink platform.
“It has been a pleasure working with Cannmart to launch IGNITE THC products into Canada,” said John Schaefer, President of the Company. “The IGNITE team has done a fantastic job delivering superior products to consumers across the country which, has created demand beyond initial expectations. We remain committed to delivering premium cannabis products to our valued consumers, retail and provincial distribution partners as we continue to grow and scale at a fast pace.”
https://www.globenewswire.com/news-release/2020/10/02/2103132/0/en/IGNITE-Announces-Termination-of-Agreement-With-Namaste.html