Sports nutrition business Cizzle Brands has revealed its intention to list in the US.
In a statement, the Canadian company said it had filed a registration statement with the SEC, and "applied to list its common shares on a national securities exchange in the United States".
Cizzle Brands, which produces Cwench Hydration beverage sports drinks and protein pastas, said: "The United States is the largest sports nutrition market in the world, and it is where an increasing share of Cizzle’s growth is coming from.
"The US listing is intended to broaden access to US institutional and retail investors, improve trading liquidity, and raise the company’s profile in the market where a growing share of its business is being built."
Cizzle has filed its registration with the SEC through a "multijurisdictional disclosure system" which is set up between the US and Canada. That, it said, allows it "to satisfy a significant portion of its US registration and reporting obligations using the continuous disclosure record it already prepares for Canadian securities regulatory authorities".
The business said earlier this year it got its "first major" listing in US retail for the Cwench Hydration brand with Target. Cwench is sold in more than 6,900 spots in Canada, the US and Europe, it said.
According to the comapny, in the third quarter of its 2026 financial year, it booked "record revenue", seeing the measure jump 253% year over year. In that period Cizzle said it also achieved "its first quarter of positive adjusted EBITDA".
In January, the company said it had acquired the manufacturing operations of Canadian water business Flow Beverage.
That deal saw Cizzle Brands purchase all issued and outstanding shares in Flow Water for around C$83.8m (then US$60.8m) from RI Flow Sub, a statement from the Spoken nutraceuticals brand owner said.
Flow’s brand-related assets were carved out into a new entity, Flow Canada, which is wholly owned by US-based family office Rucker Investments.
Cizzle at the same said it planned to rename Flow Water to Cizzle Brands Manufacturing, and Flow’s plant in Aurora, Ontario, was to be rebranded to the Cwench Hydration Factory.
In this week's statement, Cizzle said its fiscal third quarter also was "its first full period operating as an integrated platform" after acquiring The Cwench Hydration Factory.
The group said Anheuser-Busch, the US arm of Anheuser-Busch InBev, is its "largest client" at the factory, following the Belgian brewing giant's purchase of the RTDs business BeatBox.
Speaking on the US market, John Celenza, the founder, chairman and CEO of Cizzle Brands said: "It is where Cwench is starting to win shelf space, and it is where the next phase of our growth will happen.
"Filing our Form F-10 is the first step in making sure our shareholder base and our access to capital match the size of that opportunity.
"A US listing would put Cizzle in front of a far deeper pool of investors, improve liquidity for our shareholders, and give us the currency and the visibility to keep building a category-leading platform.”
Cizzle said the listing was subject to the SEC declaring the registration statement "effective" and gaining "approval of the applicable US national securities exchange, and the satisfaction of all applicable listing, regulatory, and corporate requirements".
It said its common shares would continue trading on the Toronto-based senior Canadian stock exchange Cboe Canada.
Alongside the US listing, Cizzle also said it has appointed Dominic Scarangella to its board. He will sit on the group's audit committee.
