Cizzle Brands is an undervalued stock, this analyst says

Research Capital analyst Greg McLeish reiterated a “Speculative Buy” rating and $1.00 target on Cizzle Brands (Cizzle Brands Corporation Stock Quote, Chart, News, Analysts, Financials CBOE:CZZL), saying the company’s CWENCH Hydration brand has reached a key Canadian retail inflection point.

Cizzle Brands is a Canadian consumer packaged goods company operating in the better-for-you hydration and sports nutrition category.

McLeish said CWENCH’s first national Walmart Canada listing, along with expanded distribution across Loblaw banners, marks a clear move from regional and specialty channels into scaled national retail.

“From an institutional perspective, this marks a clear step-change in distribution quality and commercial validation,” McLeish said in an April 30 investor update.

CWENCH will launch in 197 Walmart Canada stores, its first national big-box listing. McLeish said the rollout gives the brand exposure to mainstream consumers and creates a pathway to broader penetration across Walmart Canada’s 400-plus-store network if velocity and reorders are strong.

The Loblaw expansion covers about 400 stores and includes roughly eight powder SKUs, implying up to 3,200 SKU-door placements assuming full distribution. McLeish said that materially increases CWENCH’s grocery presence and positions it within the mainstream isotonic set.

CWENCH has expanded from about 4,400 locations in September 2025 to roughly 6,200 today, a gain of about 41%. McLeish said that reflects both broader reach and better-quality retail distribution.

The analyst also said Cizzle has a visible path to profitability through its dual model of branded growth and higher-margin co-manufacturing.

McLeish expects Adjusted EBITDA of negative $0.8-million on revenue of $42.5-million in fiscal 2026, improving to $13.0-million on revenue of $78.0-million in fiscal 2027.

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