Welcome to our dedicated page for International La news (Ticker: ILAL), a resource for investors and traders seeking the latest updates and insights on International La stock.
International Land Alliance, Inc. (ILAL) generates a steady flow of news as an international land investment and real estate development firm focused on Northern Baja California and Southern California. Its updates frequently center on master-planned communities such as Rancho Costa Verde on the Sea of Cortez, the Cabo Oasis beachfront development in San Felipe, and the Valle Divino vineyard community in Baja’s wine country.
News coverage for ILAL often highlights land acquisitions, project expansions, and sales milestones at these communities. Recent announcements have described the execution and closing of agreements to acquire hundreds of acres of land and structures adjacent to Rancho Costa Verde, including residential homesites, existing casitas or tiny homes, and completed houses. The company’s releases also discuss sales volumes at Rancho Costa Verde and Cabo Oasis, noting land sales and construction revenue associated with these projects.
Another recurring theme in ILAL news is the introduction and expansion of tiny home offerings. The company has announced Tesla-powered tiny homes and BOXABL-branded units as part of its Cabo Oasis and Rancho Costa Verde communities, emphasizing solar power, smart home integration, and off-grid capability. Updates also cover new rental phases at Cabo Oasis, including plans for rental homes intended to create recurring rental revenue and management fees.
On the corporate side, International Land Alliance issues news about financing facilities, such as an up to $50 million institutional financing arrangement, and agreements to provide real estate services that are expected to generate long-term revenue. The company also reports on audited financial statements, record revenues in recent fiscal periods, and its stated goal of pursuing an uplisting to the Nasdaq stock exchange. For investors and observers, ILAL news provides insight into the progress of its Baja California developments, its financing activities, and its sustainability-focused housing initiatives.
International Land Alliance, Inc. (OTCQB:ILAL) reported nearly $500,000 in lot sales for June 2021 at Rancho Costa Verde, marking the best monthly sales since 2018. This included 12 lots sold and 3 new construction contracts averaging $200,000 per home. Following a 25% acquisition in May 2021, the company experienced significantly lower sales and marketing expenses compared to historical figures. Rancho Costa Verde is a 1,100-acre eco-friendly community in Baja California, emphasizing solar power and stunning views.
International Land Alliance (OTCQB:ILAL) announced the establishment of sales and distribution channels for its CBD hemp operations in Southern California. The company has contracted with an international distributor to sell up to 500 pounds of hemp per month at $125 per pound, targeting potential revenues of $62,500 monthly. Additionally, an online retail channel is set to launch by July 4, 2021. ILA recently completed its first successful hemp harvest and is expanding its growing area, with plans for further cultivation.
International Land Alliance (OTCQB:ILAL) has resumed construction at Oasis Park Resort, with expectations of over $60 million in gross lot sales. The project includes 1,344 residential home sites, with 75 lots already pre-sold. CEO Roberto Valdes highlighted the company's strengthened capabilities through a partnership, allowing for enhanced sales and marketing momentum. Phase II will commence in summer 2021, introducing additional amenities. Oasis Park Resort is positioned as a sustainable community with starting lot prices of $49,000.
International Land Alliance (OTCQB:ILAL) has launched outdoor growth operations at its Southern California property, starting with an initial planting of 2,500 hemp plants. Following a successful indoor harvest, the company is now expanding its cultivation efforts. The joint venture, established in October 2020, includes a 1,500 square-foot indoor facility and aims to enhance the company’s operating performance. Products derived from the hemp will soon be available for sale, with a retail platform expected to launch within 30 days.
International Land Alliance (ILAL) announced anticipated gross lot sales exceeding $60 million at its Oasis Park Resort. The company, holding a 25% interest in Rancho Costa Verde Development, reported an average of $250,000 in monthly lot sales and $50,000 in collections from its notes portfolio. With 1,344 residential lots available for sale at prices starting at $49,000, the project aims to meet the demand for affordable luxury housing in Baja California.
International Land Alliance, Inc. (OTCQB:ILAL) has launched a new fund to provide financing solutions for homesite construction at Rancho Costa Verde. The Company invested $4 million for a 25% stake in Rancho Costa Verde Development, LLC. The fund aims to raise $5 million and has already attracted over $1 million from existing homeowners. Currently, RCV has over 50 homes completed and 20 under construction. Located in Baja California, the community offers 1/4-acre lots starting at $22,500, emphasizing sustainable housing.
International Land Alliance (OTCQB: ILAL) announces an exclusive agreement with CleanSpark (Nasdaq: CLSK) to implement advanced solar-plus-storage solutions at its Plaza Bajamar development in Baja California. CleanSpark will oversee the engineering and development of renewable energy solutions for ILA's properties. The partnership aims to create a self-sustaining community, showcasing CleanSpark's advanced microgrid technologies. ILA's Merlot model homes start at $199,000, with a $10,000 promotional discount for shareholders through May 2021.
International Land Alliance, Inc. (OTCQB:ILAL) has appointed Frank Ingrande as President, effective May 17, 2021. Ingrande, a seasoned real estate professional, previously served at Rancho Costa Verde Development, which he co-founded. The company also finalized a 25% investment in RCV valued at $4 million, enhancing its portfolio in Baja California. This strategic move aims to leverage Ingrande's local expertise and RCV's marketing resources to meet growing demand for sustainable luxury homes.
International Land Alliance (OTCQB:ILAL) announced its participation in the Q2 Virtual Investor Summit on May 18, 2021, at 1:15 p.m. PT. The company will present and hold one-on-one meetings with institutional investors during the event.
The summit will feature over 80 companies and more than 300 investors, connecting smallcap and microcap businesses with qualified investors.
Registration is required to participate. More information can be found at www.investorsummitgroup.com.
International Land Alliance (OTCQB:ILAL) has announced four reservations for its Merlot model home at the Plaza Bajamar community, amounting to nearly 20% of Phase I's availability. The early demand is attributed to buyers capitalizing on initial pricing at $199,000, with shareholders benefiting from a lower price of $189,000 until May 2021. The community features luxury living within the Bajamar Ocean Front Hotel and Golf Resort, including planned amenities like a pool and fitness center. The official grand opening is anticipated to boost sales further.
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