International Land Alliance, Inc. develops and invests in land and real estate projects, with a focus on raw land, residential homesites, and planned communities in Northern Baja California and Southern California. Company news commonly covers sales and construction activity at Rancho Costa Verde, Cabo Oasis Resort, and Oasis Park, as well as land acquisitions, permitting, proptech and construction-tech initiatives, and financing arrangements.
Recent updates also document capital-market actions such as the company's 50-for-1 reverse stock split, strategic-advisory engagements, and efforts to support growth across its property portfolio.
International Land Alliance (OTCQB: ILAL) reported record results for Q1 2024, with quarterly sales reaching $5.1 million and a net income of $3.7 million, translating to $0.05 per diluted share. The company's total assets increased to $30.4 million, with current assets rising to $1.7 million. Total stockholders' equity also grew to $14.4 million. ILAL attributes its enhanced performance to strategic growth initiatives and operational efficiencies. The company plans to build on this momentum throughout 2024 and beyond.
International Land Alliance (OTCQB: ILAL) announced its 2023 year-end financial results, showcasing significant growth. The company's annual sales volume reached $7.1 million, marking a substantial increase. Total assets soared from $1.1 million in 2022 to $30 million in 2023, and current assets rose from $100,000 to $1.8 million. According to CEO Frank Ingrande, Q4 2023 sales volume alone surpassed all previous revenue combined. The company successfully consolidated operations at Rancho Costa Verde and transitioned to a new independent auditor. Despite inflationary and currency exchange challenges, ILAL achieved notable revenue growth and reinvested in its business. ILAL focuses on acquiring raw land in Northern Baja California, leveraging technology for sustainable and socially responsible development.
International Land Alliance (ILAL) has acquired 20 beachfront acres adjacent to their Oasis Park Resort. This acquisition adds 36 residential homesites, with projected gross land sales of $2 million and potential construction revenues of $9 million. The deal was completed without any cash at closing; payments will be made as a percentage of sales. President Frank Ingrande highlighted the success of recent sales at Phase I and the strategic growth potential without depleting cash, incurring debt, or issuing equity. The company focuses on acquiring land in Northern Baja California, aiming for sustainable and socially responsible development.
International Land Alliance (ILAL) reported significant sales achievements for May 2024.
Highlights include home site sales at Rancho Costa Verde totaling $500,000, completed home sales of $580,000, $900,000 in new home construction contracts, and $400,000 in home site sales at Oasis Park Resort.
ILAL credits digital media marketing initiatives launched early in the year for driving sales growth. The recent acquisition of Rancho Costa Verde Development has facilitated home site sales to the public at Oasis Park Resort for the first time.
The company expects financial statements to more accurately reflect closed sales volumes due to changes in revenue recognition.
International Land Alliance, Inc. (OTCQB: ILAL) has established a real estate office in Monterrey, Mexico with Shawn Casias Real Estate Group to market real estate products in Baja California. This move aims to expand sales to Mexico, increase shareholder value, and leverage the experience of R-MAC Properties in the real estate market.
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