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) 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.
International Land Alliance (OTCQB:ILAL) has signed a Letter of Intent to acquire a 25% stake in Rancho Costa Verde Development, LLC, a profitable developer of a 1,100-acre community in Baja California. This strategic acquisition aligns with ILA's growth strategy, enhancing its operational resources. The partnership is expected to leverage RCV's extensive sales experience, with over $500 million in residential sales in the last two decades. The agreement is subject to due diligence and customary conditions.