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Ignite International Brands Ltd going private. For more information, see the Ignite International Brands news release from August 29, 2022
https://otce.finra.org/otce/dailyList?viewType=Deletions
looks like Dad did two stints in jail
https://en.wikipedia.org/wiki/Paul_Bilzerian
his lawyers must be very rich based on this profile
https://www.theglobeandmail.com/business/article-dan-bilzerian-ignite-cannabis-accounting-fraud/
Another more detailed article.
Social media superstar Dan Bilzerian’s Ontario cannabis company under investigation
DAVID MILSTEADINSTITUTIONAL INVESTMENT REPORTER
PUBLISHED 5 HOURS AGO
UPDATED 2 HOURS AGO
LISTEN TO ARTICLE
A Canadian company run by a U.S. social-media star faces criminal and civil investigations of accounting fraud in the United States, and is under regulatory investigation in Canada, a court filing has revealed.
Ignite International Brands Ltd., headquartered in Markham, Ont., operated in the Canadian cannabis market until last October. It is run by chief executive officer Dan Bilzerian, a Los Angeles-based Armenian-American poker player and social-media influencer with 33.6 million Instagram followers.
It now focuses on consumer goods that include CBD and vape products, performance drinks, apparel, and spirits such as tequila, vodka and seltzers.
Until it went private on Monday, it traded on the Canadian Securities Exchange under the ticker symbol “BILZ,” for its CEO. At the stock’s peak in 2019, the company had a market capitalization of more than $750-million, but it was worth about $170-million when it stopped trading in both Canada and the United States.
The U.S. Securities and Exchange Commission (SEC) filed a request with a California court on Monday to compel Ignite to comply with an investigative subpoena it sent the company in May. The court filing and its exhibits reveal Ignite faces multiple subpoenas in the U.S. criminal justice system. In Canada, the company says in court documents that it faces “numerous requests from the regulatory authorities.”
In the court filing, SEC staff attorney Patricia Pei said the agency is seeking information regarding “possible violations of the antifraud provisions of the federal securities laws” by Ignite. She says SEC staff uncovered information “that indicates [Ignite] may have filed public financial statements that include false or misleading representations” regarding its revenue in 2020.
In a statement posted on its website on Tuesday, the SEC said it “is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws.”
The Ontario Securities Commission (OSC), which forced Ignite to enhance the disclosures in its financial filings earlier this year, declined to comment late Tuesday.
The U.S. court documents detail a back-and-forth between the SEC and Ignite starting before the May 20 subpoena and continuing through an August message from Ignite’s general counsel, Paul Hughes, that said the company had already provided “tens of thousands” of documents to the U.S. Department of Justice in response to a subpoena issued in 2021. (Mr. Hughes did not respond to a request for comment late on Tuesday.)
Mr. Hughes replaced Ignite general counsel Paul Holden, who told the SEC in June he was leaving the company because of a family medical emergency and asked for more time for Ignite to comply.
In an Aug. 1 e-mail attached as an exhibit to the court file, Mr. Hughes asked for the SEC subpoena to be stayed, saying the matters covered by the Justice Department’s subpoena were “highly likely to overlap significantly” with the SEC’s, and that “requiring the company to address civil issues while simultaneously responding to grand jury subpoenas ... seems inappropriate.”
Mr. Hughes said “we are aware of other grand jury subpoenas as well.”
In an Aug. 22 follow-up letter, Mr. Hughes acknowledged the Canadian regulatory queries, but did not say which regulators were asking questions. He said the purpose of the Justice Department’s subpoenas is “unclear to us.”
Mr. Hughes said Mr. Holden’s abrupt departure and his attempts to get up to speed were exacerbating the delays and “perhaps created the impression that Ignite is seeking to avoid addressing the present SEC inquiries, which is not the case.”
The SEC rejected Ignite’s requests to stay the subpoenas, noting the original deadline was June 15.
Mr. Bilzerian has built Ignite’s brand around his outsized lifestyle.
In May, 2020, Bloomberg News reported on a February party at his mansion in Los Angeles where 2,700 guests, including Chance the Rapper, singer the Weeknd and Blink-182 drummer Travis Barker enjoyed “a lingerie contest, a tattoo parlor, fire-breathing bartenders and a neon-illuminated sky diver who jumped from a helicopter onto the driveway.” The event was a launch party for a premium vodka containing alkaline water.
Ignite said in October, 2021, it was pulling out of the Canadian cannabis market because there were too many barriers, including the “government’s excessive restrictions.”
In May, Ignite said after a review of its disclosures by the OSC that it was filing an annual report that included a contract between the company and a venture owned by Mr. Bilzerian. It also added multiple items to its management’s discussion and analysis and “remedied prior period reporting deficiencies noted by the OSC” by including more information about measures of profit that aren’t calculated according to generally accepted accounting principles.
here is what I was gobsmacked by was the 78 million in revs the next year. That made no sense to me . some sort of saying about the apple does not far fall from the tree. Google his father
The SEC has not even questioned
YET
SEC Files Subpoena Enforcement Action Against Issuer for Failure to Produce Documents
Litigation Release No. 25489 / August 30, 2022
Securities and Exchange Commission v. Ignite International Brands, Ltd., No. 2:22-mc-00172 (C.D. Cal. filed Aug. 29, 2022)
The Securities and Exchange Commission announced that it has filed an action against Ignite International Brands, Ltd., a publicly traded company based in Ontario, Canada, seeking an order directing it to comply with an investigative subpoena for documents.
According to the SEC's filing in the U.S. District Court for the Central District of California, the SEC is investigating, among other things, whether Ignite violated the federal securities laws by making false or misleading statements in reporting its 2020 financial results. The filing states that the SEC has reason to believe that Ignite improperly recognized and reported certain revenues as part of its 2020 financial statements. The filing alleges that SEC staff served Ignite with an investigative subpoena requiring the production of certain documents, but that, despite multiple accommodations by the SEC staff, Ignite has failed to produce the full set of requested documents.
The SEC seeks an order from the court directing Ignite to show cause why the court should not compel it to produce documents as required by the subpoena. The SEC further seeks an order from the court, following its ruling on the order to show cause, directing Ignite to comply fully with the subpoena. The SEC is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws.
https://www.sec.gov/litigation/litreleases/2022/lr25489.htm
OH BOY
SEC looking into Ignite International's revenue
U S Securities and Exchange Commission (U:*SEC)
Tuesday August 30 2022 - Street Wire
Also Ignite International Brands Ltd (C:BILZ) Street Wire
by Mike Caswell
The U.S. Securities and Exchange Commission has begun an investigation into Canadian Securities Exchange listing Ignite International Brands Ltd., the cannabis company run by poker player and social media guru Dan Bilzerian. The SEC is looking to determine if the company's financial results for 2020 contained false or misleading statements. Specifically, the regulator's concerns centre around the company's revenue for that year.
Word of the investigation is contained in an application that the SEC filed in federal court in California on Monday, Aug. 29. The SEC is seeking a court order that would direct Ignite to turn over accounting records. Among the records that the SEC is seeking are the company's purchase orders, invoices and other documentation that would support its sales figures.
The focus of the SEC's investigation is Ignite's revenue from 2020, which the company reported to be $16.9-million, up from $9.6-million the prior year. The SEC has not said exactly what the issue may be with Ignite's revenue, only saying that there are indications the figure may include false or misleading representations. (The company's 2021 revenue, which the company reported to be $78.7-million, is not included in the request.)
The SEC's application does not mention Mr. Bilzerian, the founder and chief executive officer of Ignite. He is better known as a professional poker player who made a name for himself by amassing a large number of followers (33.6 million as of today) on the Instagram platform. His page attracts endless controversy and attention, featuring private jets, barely dressed women, hot tubs, limousines, guns and parties.
Mr. Bilzerian, who lives in Florida, took Ignite public on Jan. 18, 2019, through an agreement with ALQ Gold Corp., a B.C. metals explorer that had abandoned exploration in search of a cannabis acquisition. The deal left Mr. Bilzerian with control of most of the company's shares. At last count, he had stock or convertible instruments amounting to 199.8 million shares, or 64.5 per cent of the total outstanding.
The SEC investigation, as set out in Monday's application, began on March 14, 2022. The SEC says that it sent Ignite a subpoena that required it to produce accounting records by June 15, 2022. The request covered a wide range of material, including practices on revenue recognition, audit work papers, sales orders, shipping documents and sales forecasts.
The SEC says that Ignite produced some material, but failed to send any accounting records, purchase orders, invoices or other documentation relating to its sales. Instead of producing the documents, the company's lawyer contested the subpoena. As the SEC sees things, there is no basis in law to deny the request. The regulator's mandate includes investigating any conduct that would constitute a violation of the securities laws, be it a civil or criminal violation.
For Ignite, the SEC investigation comes with the company having just gone private. The transaction saw small shareholders receive 62 cents per share, leaving Mr. Bilzerian and a handful of insiders controlling most of the remaining stock. The transaction closed on Aug. 29, 2022, the same date that the SEC filed the application.
Ignite last traded at 55 cents, well off its 52-week high of $1.80.
Going private. .62 CAD I think -
oh boy not many will make money on this buyout
Ignite Announces Proposed Going Private Transaction
TORONTO -- (Business Wire) --
Ignite International Brands, Ltd. (CSE: BILZ) ("Ignite" or the "Company") announced today that its board of directors has approved a proposed going private transaction to be completed by consolidating Ignite's outstanding subordinate voting shares on the basis of one post-consolidated subordinate voting share for each 100,000 pre-consolidated subordinate voting shares (the "Consolidation").
The Consolidation is subject to receipt of requisite shareholder approval at Ignite's upcoming annual general and special meeting of shareholders scheduled to be held on August 24, 2022 (the "Meeting"), and receipt of applicable regulatory approvals. All fractional shares resulting from the Consolidation will be cancelled and holders will receive a cash payment of Cdn $0.62 (the "Consolidation Price") for each cancelled share held immediately prior to the Consolidation becoming effective. The Consolidation Price represents a premium of 26% to the closing price of Cdn $0.49 on July 18, 2022, being the last closing price of the Company's Subordinate Voting Shares traded on
$BILZF: Wow...... $78.8Milly in 2021 REVENUES ????????????
WOW
AMAZING
GNITE’s Revenue Surged in Fourth Quarter 2021
March 02, 2022 08:30 AM Eastern Standard Time
VAUGHAN, Ontario--(BUSINESS WIRE)--IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), a global consumer packaged goods company, today announced that its revenue for 2021 was $78.8 million compared to revenue for 2020 of $16.9 million. Fourth quarter 2021 revenue was close to $50 million. The Company expects its audited financial statements for 2021 to show a profitable fourth quarter and a profitable year.
“IGNITE is delighted to have William join the senior management team. His fluency in Portuguese and Spanish and his deep personal knowledge and experience in Latin America will help IGNITE reach its goal to bring its product line to every country in South America, Central America and the Caribbean.”
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The performance is a direct result of IGNITE’s rapid international expansion which it expects to continue in 2022. Based on revenue in the months of January and February and orders and contracts in place impacting March and the remaining months in 2022, the Company projects Q1 2022 revenue to exceed $25 million compared to Q1 2021 revenue of $3.6 million. Dan Bilzerian, CEO at IGNITE, states, “Although 2021 revenue showed a substantial increase from 2020, we have only scratched the surface in our worldwide expansion and, based on new contracts and orders in the first two months of 2022, we expect a very strong revenue increase in 2022 over 2021.”
The Company also announced its President and Chief Operating Officer John Schaefer has resigned effective today to pursue another opportunity. “John’s performance since being appointed President on September 1, 2020 has been nothing short of extraordinary" says Dan Bilzerian, Ignite CEO. “John was approached by one of America’s leading companies which made him an offer he could not refuse. We wish him nothing but the best of success, and he departs with our deepest appreciation for his tireless efforts on behalf of IGNITE.” Mr. Bilzerian will oversee the Company’s operations until a successor is hired.
“It has been an honor to lead this organization and grow with the Company,” says Schaefer. “Working with outstanding consultants, a passionate and dedicated team, and the Board of Directors has been a real pleasure. As a shareholder and loyal supporter, I look forward to following and assisting IGNITE’s continued growth as it builds on the progress achieved the last two years.”
The Company is also pleased to report the hiring of William Graubard as Vice President Sales for Latin America. Mr. Graubard has spent the past thirty years working for well known companies such as Miller Brewing Company and Kraft Foods and has focused on developing brands and building sales in Latin America, the Caribbean and the United States. Dan Bilzerian stated, “IGNITE is delighted to have William join the senior management team. His fluency in Portuguese and Spanish and his deep personal knowledge and experience in Latin America will help IGNITE reach its goal to bring its product line to every country in South America, Central America and the Caribbean.”
The Company further announces the granting of options to purchase 175,000 subordinate voting shares to certain employees of IGNITE. The subordinate voting shares will vest over three (3) years from the date of grant and will have an exercise price of $1.18 per share. The Company has also cancelled options to purchase 666,666 subordinate voting shares related to the departure of Mr. Schaefer.
About IGNITE
IGNITE is a global consumer premium brand, operating in several market segments. IGNITE product categories include CBD products, nicotine and synthetic nicotine vape products, premium performance drinks named ZRO, apparel, and spirits featuring tequila and a premium vodka.
Shares of IGNITE are listed on the Canadian Securities Exchange (CSE) under the symbol “BILZ” and quoted in the United States on the OTCQX under the symbol “BILZF”.
Further information on IGNITE can be found on the Company’s website at www.ignite.co.
CAUTIONARY STATEMENT REGARDING FINANCIAL ESTIMATES AND FORWARD-LOOKING INFORMATION
The financial estimates set forth above have not yet been audited by the Company’s independent registered public accounting firm, Accell Audit and Compliance, P.A. This news release includes certain “forward-looking statements” under applicable Canadian securities legislation, including the Q4 revenue figures, expected 2022 results and the continued success of IGNITE’s expansion plans. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
Contacts
Paul A. Holden, General Counsel
Tel: 416-407-1795
Email: paul.holden@ignite.co
interesting.
IGNITE Pulls Out of Cannabis in Canada
VAUGHAN, Ontario -- (Business Wire) --
IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), a global consumer packaged goods company, today announced that it is discontinuing its cannabis business in Canada.
Dan Bilzerian, CEO at IGNITE, stated, “As we expand our portfolio of products around the world, our sales are booming except for cannabis in Canada. We applaud the Canadian government for leading the way in legalizing cannabis, but unfortunately, there remain too many barriers to build a successful cannabis business. Currently, very few Licensed Producers in the cannabis industry are making money and the government’s excessive restrictions of the marketing, sales and distribution of products has diminished the business opportunity while simultaneously making the consumer experience less than optimal. Whenever the government decides to remove and/or reduce the restrictions in marketing, sales and distribution and allow the business community to properly serve the consumers, IGNITE will consider returning to the market. By discontinuing our cannabis operations in Canada, IGNITE will be in a much better position to introduce and promote its vodka, tequila, seltzers, energy drinks, vapes, and apparel products to the Canadian market. Due to our involvement in cannabis, IGNITE was forced to block Canadians from accessing the ignite.co website. Now we can launch our ignite.co website and reach out to our Canadian customer base, allowing them to enjoy our unique portfolio of quality products.”
John Schaefer, IGNITE’s President & Chief Operating Officer, stated, “IGNITE’s third quarter sales were the highest in the history of the company. Although the fourth quarter has only just begun, I am highly confident fourth quarter sales will significantly exceed third quarter’s sales and be another record-breaking quarter. The sales of Dan’s book already qualify it for a spot on a bestseller list. Our single greatest challenge is having enough copies printed to satisfy demand.”
About IGNITE
IGNITE is a global lifestyle brand that combines premium quality products with innovation and an uncompromised standard of excellence. Inspired by CEO and founder, Dan Bilzerian, IGNITE is the gold standard in a range of broadly appealing consumer products categories including CBD products, nicotine and synthetic nicotine vape products, premium performance drinks named ZRO, apparel, and spirits featuring tequila, premium vodka and seltzers.
Shares of IGNITE are listed on the Canadian Securities Exchange (CSE) under the symbol “BILZ” and quoted in the United States on the OTCQX under the symbol “BILZF”.
Further information on IGNITE can be found on the Company’s website at www.ignite.co.
well glad he didnt waste it LOL. amazing low volume for this stock. OTC site and others have 108 Million but latest fins show 300 Million o/s
$BILZF: All in on $BILZF !!!!!!!!!!!
I expect to get an invite to the next Dan Bilzerian party !!!!!!!
GO $BILZF
You're probably right
Dan already spent all the money on hookers and cocaine
Y’all ready for this MJ rush
Dan the Man ..
$BILZF: We'll be $3/sh in January
Take it to the bank.
Today at $0.35
GO $BILZF
This is going to be a great long play
$BILZF
$BILZF these guys are going to kill it. Dan is the guy. I've already seen these products in grocery stores. Great long play IMO.
$BILZF: $25Million shares buyout
Now at $0.50
IGNITE Announces Chairman of the Board Intends to Acquire $25 Million of IGNITE Shares
8:30 AM ET 10/23/20 | Dow Jones
IGNITE Announces Chairman of the Board Intends to Acquire $25 Million of IGNITE Shares
VAUGHAN, Ontario, Oct. 23, 2020 (GLOBE NEWSWIRE) -- IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) ("IGNITE" or the "Company"), a global consumer packaged goods brand, announces that Dan Bilzerian, Chairman of the Board and CEO of the Company, intends to subscribe for and purchase from the Company 50,000 Proportionate Voting Shares (the "Share Subscription") on October 26, 2020, based on a price equal to CA$0.50 per Subordinate Voting Share, which is a 39% premium to the closing price of the Subordinate Voting Shares on the CSE on the day prior to this announcement, for an aggregate subscription of CA$5 million.
The Company also intends to enter into a series of purchase agreements with Dan Bilzerian, and a creditor of the Company on October 26, 2020. Pursuant to the agreements, the Company proposes to issue 200,000 proportionate voting shares in the capital of the Company (the "Proportionate Voting Shares") to settle CA$20 million of convertible debentures (the "Debentures") currently issued and outstanding (collectively, the "Shares for Debt Transaction"). The proposed transactions will include Mr. Bilzerian purchasing the Debentures from a creditor of the Company on October 26, 2020, immediately prior to the closing of the Shares for Debt Transaction pursuant to which, the Company will purchase the Debentures from Mr. Bilzerian for immediate cancellation in consideration for the issuance by the Company of the aforementioned Proportionate Voting Shares to Mr. Bilzerian. Pursuant to their terms, the Proportionate Voting Shares are convertible to Subordinate Voting Shares in the capital of the Company (the "Subordinate Voting Shares") at a ratio of one (1) Proportionate Voting Share for two hundred (200) Subordinate Voting Shares. For the purposes of the Shares for Debt Transaction, the Company is using a price of CA$0.50 per Subordinate Voting Share, which is a 39% premium to the closing price of the Subordinate Voting Shares on the Canadian Securities Exchange ("CSE") on the day prior to this announcement.
"As we announced last week, we project Ignite to have a profitable fourth quarter and I am very much looking forward to seeing what the Company can do in 2021, when it should be operating on all cylinders", stated Mr. Bilzerian. "The new management team is excited to show what it can do in the fourth quarter this year and next year."
The Shares for Debt Transaction and the Share Subscription each constitute a "related party transaction" as this term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). In connection with the Shares for Debt Transaction and the Share Subscription, the Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, as the securities do not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Shares for Debt Transaction and the Share Subscription were each approved by directors of the Company who are independent in connection with such transactions. A material change report will be filed less than 21 days before the closing date of the transactions contemplated by this news release. The Company believes this shorter period is reasonable and necessary in the circumstances as the Company wishes to improve its financial position by reducing its accrued liabilities as soon as possible.
Closing of the Shares for Debt Transaction and the Share Subscription is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including from the CSE.
Lastly, the Company is announcing that it has granted an aggregate of four million eight hundred thousand (4,800,000) options to purchase Subordinate Voting Shares in the capital of the Company to certain directors, officers, employees and consultants of the Company pursuant to the Company's stock option plan (the "Options"). The Options entitle the holders thereof to acquire, in aggregate, up to 4,800,000 Subordinate Voting Shares at an exercise price of CA$0.50 per Subordinate Voting Share, expiring on October 31, 2024.
About IGNITE
IGNITE is a global consumer brand, operating in the premium product segment of the market. Founded by Dan Bilzerian, the Company's 'quality--first' approach is fundamental to the brand and its products. Originally operating in the cannabis and hemp--derived cannabidiol (CBD) wellness space, IGNITE was able to establish its brand awareness. IGNITE product categories now include a full line of CBD oil tinctures, CBD topicals, CBD pet products and CBD vape devices, nicotine and synthetic nicotine vape products, a line of premium performance drinks, named Z--RO as well as a gluten--free, seven--time distilled vodka, and apparel produced by various partners and sold through select distributors, brick and mortar retailers, and online through the Company's website, ignite.co. The IGNITE THC product line, which was launched subsequent to the CBD product line, incorporates quality, locally sourced, cannabis products.
Shares of IGNITE are listed on the CSE under the symbol "BILZ" and quoted in the United States on the OTCQX under the symbol "BILZF".
Further information on IGNITE can be found on the Company's website at ignite.co.
For further information, please contact:
Linda K. Menzel, General Counsel
Tel: 310--867--3859
Email: linda.menzel@ignite.co
CAUTIONARY STATEMENT REGARDING FORWARD--LOOKING INFORMATION
This news release includes certain "forward--looking statements" under applicable Canadian securities legislation. Forward--looking statements include, but are not limited to, the closing of the Shares for Debt Transaction and the Share Subscription. Forward--looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward--looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the effects and impacts of the coronavirus disease (COVID--19) pandemic, the extent and duration of which are uncertain at this time on IGNITE's business and general economic and business conditions and markets; and IGNITE obtaining the necessary approvals, including the approval of the CSE. There can be no assurance that any of the forward--looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward--looking statements. The Company disclaims any intention or obligation to update or revise any forward--looking statements, whether because of new information, future events or otherwise, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
> Dow Jones Newswires
October 23, 2020 08:30 ET (12:30 GMT)
Interesting read. Thanks for posting.
Wink :)
Go BILZF. And yes please. https://twitter.com/Ignite_Intl?s=20
BILZ deleted from Horizons ETF
click here to read
Under a dollar now... Still waiting to jump in..
keep dumping baby
Marijuana Stock News Stories of the Week ; Cannabis Countdown
Click here for Article
Ignite International Brands to Add New Premium Vodka Product to IGNITE Beverages Division
CLcik here for read
Top 10 Marijuana Stock News Stories of the Week :Cannabis Countdown
Click here for Top 10
Anyone know where they stand with that $50M capital raise they were doing?
Dan Bilzerian’s Ignite International Expands Product Line Forming New IGNITE Beverages Division, BILZ Stock Rallies
Click here to read article
See you all there. Can't wait.
Grab your Ignite 2020 Calendar and come party with us at TAO! #Ignite2020 #Igniteyourlife #ignite #tao pic.twitter.com/voLy70Djxz
— Ignite International (@Ignite_Intl) January 8, 2020
News: https://www.otcmarkets.com/stock/BILZF/news/Ignite-International-Brands-Ltd-Announces-Closing-of-the-second-Series-in-its-Non-Brokered-Private-Placement-of-Unsecure?id=248976
Go BILZF. Getting ready for the dance!
Ignite Announces Q3 Results and the Cancellation of Certain Stock Options
Press Release | 11/29/2019
VAUGHAN, Ontario, Nov. 29, 2019 (GLOBE NEWSWIRE) -- Ignite International Brands, Ltd. ("Ignite" or the “Company”), announced the release of its financial and operating results for its third quarter ended September 30, 2019.
The Company’s Management Discussion and Analysis (“MD&A”) and interim, unaudited consolidated financial statements for the third quarter ended September 30, 2019, along with all previous public filings may be found on SEDAR at www.SEDAR.com.
In addition, the Company announced that it has cancelled a total of 1,160,000 stock options (the “Cancelled Options”) granted to certain officers, directors, and employees of the Company on November 29, 2019. The Cancelled Options were granted on February 2, 2019, expiring on February 2, 2024 and were exercisable at $3.50 per share. None of the Cancelled Options had vested in accordance with the terms of the Company’s stock option plan. The Cancelled Options were voluntarily surrendered by the option holders for no consideration.
ABOUT IGNITE INTERNATIONAL BRANDS LTD.
Ignite (CSE:BILZ, OTCQX: BILZF) is a CSE-listed and OTCQX traded company operating in permissible CBD and cannabis sectors. Ignite intends to expand its business, which currently includes lifestyle branding, marketing, licensing, sales and distribution, across the United States, Canada and United Kingdom into international jurisdictions such as Mexico 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 Contact:
Eddie Mattei, Chief Financial Officer
ir@ignite.co
T: 905.669.1212
haha...yes...and yea I do like the other. I wait for dollar volume each week though for entry.
Oh yeah friend. Just play that chart for now but it is thinning out dramatically here.
Go BLIZF. If I do get a plus 1 to the thanksgiving party, you are definitely in contention ;)!
Chart is shaping up...even given the offering...looks like the bilz is going to deliver...in the shadows.
Thin to win! It’s amazing what happens when the slaps hit.
Go BILZF. Get ready for the ball Cinderella! https://www.otcmarkets.com/stock/BILZF/news/Ignite-International-Brands-Ltd-to-be-Platinum-Sponsor-at-2020-USA-CBD-Expo?id=246020
Its fun to make money :) Great job. Lets keep it going!
Nice float here. I sent a couple of messages, waiting on response.
Go BILZF. I really hope we get an invitiation to the next party with the ladies. Halloween looks fun :) YES PLEASE!
"
"ℌ𝔞𝔭𝔭𝔶 ℌ𝔞𝔩𝔩𝔬𝔴𝔢𝔢𝔫 🎃😈👻
— Ignite International (@Ignite_Intl) November 1, 2019
Love, Ignite pic.twitter.com/frkGsy9GfL
Awsome! I got in around 1.20-1.30 right before it popped .. Sold 1/2 at 1.67 and am now waiting to buy those back
LOL. Just saw this one. I hope you did it friend.
Good Luck as always. It was easy to see the overaction to nothing.
Go BILZF. On the way back UP!
I found that first line weird but I did love all the 1.20s I got. :)
I still love this play.
Go BILZF. I am up to 200 pushups a day.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VAUGHAN, Ontario, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Ignite International Brands, Ltd. (CSE: BILZ; OTCQX: BILZF) (“Ignite” or the “Company”) announced today that its President Jim McCormick resigned from the Company as of November 4, 2019. The Company would like to thank Mr. McCormick for his contribution during his tenure as President.
The Company is also pleased to announce that it has appointed Curtis Heffernan, currently serving as Executive Vice President, to also serve as acting President effective as of November 4, 2019. The Board is not actively looking for a new President at this time.
Grant of Options
The Company also announces that it has granted an aggregate of 4,330,000 options to a director and certain employees of the Company pursuant to the Company’s stock option plan (the “Options”). The Options entitle the holders thereof to acquire, in the aggregate, up to 4,330,000 subordinate voting shares of the Company at an exercise price of $2.25 per subordinate voting share expiring on June 3, 2024.
About Ignite
Ignite is a CSE-listed and OTCQX traded company operating in permissible CBD and cannabis sectors. Ignite intends to expand its business, which currently includes branding, marketing, licensing, sales and distribution, across the United States, Canada and into international jurisdictions such as the United Kingdom and Mexico 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 further information, please contact:
Ignite Investor Relations
Tel: 905-669-0212Call via Mitel
Email: ir@ignite.co
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