Ignite International Brands Ltd. said the Canadian Securities Exchange granted final approval to its deal to acquire privately held cannabis company Ignite International Ltd.

Ignite International Brands previously said it will acquire all shares of Ignite International Ltd. not already held in exchange for 756,257 proportionate voting shares and 67,681,000 subordinate voting shares. Ignite International Brands will create a new class of proportionate voting shares and rename its class of common shares currently listed on the Canadian Securities Exchange as subordinate voting shares.

The subordinate voting shares will trade on the Canadian Securities Exchange under the BILZ symbol beginning June 4.