International Star Inc. (ILST) reports news around its Budding Equity LLC subsidiary, cannabis brand licensing, joint ventures, and market-expansion agreements. Company updates have centered on celebrity-driven cannabis brands, including Fryday, Da Grassy, Jay and Silent Bob, and new product collaborations, as well as manufacturing, distribution, and licensing arrangements in U.S. and international markets.
International Star also announces strategic relationships tied to deal origination, cannabis and emerging consumer opportunities, and broader plans involving AI-driven operating businesses, digital assets, and acquisition evaluation. Its news flow reflects a small public company using partnerships and brand platforms to pursue growth across regulated cannabis and emerging technology categories.
International Star (ILST) has signed a non-binding Letter of Intent (LOI) with Rolling Room (RRC) to license RRC's advanced solventless pre-roll processing technology. This partnership aims to expand ILST's presence in North America and Europe, beginning with Canada and followed by the US and Europe. Todd Masse, CEO of ILST, highlights the partnership's potential to redefine the cannabis consumer experience globally. Steve Mix, CEO of RRC, emphasizes RRC's commitment to quality and innovation, aligning with ILST's vision. The collaboration is expected to enhance ILST's brand and market presence, aiming to increase shareholder value by introducing high-quality, innovative pre-rolled cannabis products.
International Star (ILST) has announced that its subsidiary, Budding Equity, will debut its co-produced film, 'AMFAD: All My Friends Are Dead,' at the Tribeca Film Festival on June 8, 2024. Directed by Marcus Dunstan, the film blends slasher horror with dark humor and features a young cast including Jade Pettyjohn and Jojo Siwa. It will be released theatrically in August, followed by a digital release.
The movie introduces a new cannabis strain, the G.O.A.T., available in five states, with plans for expansion. Budding Equity holds a 10% equity stake in the film. The project signifies ILST's strategic move into content and IP development, aiming to build high-end, recognizable brands in the cannabis market.
Future projects with B Studios will be announced later this year. The new CEO, Todd Masse, emphasizes the company's market differentiation through such unique deals.
International Star CEO Todd Masse issued a letter to shareholders outlining his commitment to the company's success. Masse plans to optimize current operations, monetize assets, expand revenues, pursue acquisition opportunities, and stay abreast of changing regulations in the industry. Shareholders can expect updates on operational growth, new contracts, and potential acquisitions in the future.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
International Star (ILST) provides updates on its recent progress and future plans. In February 2023, it acquired Budding Equity Inc. (BEi), now a wholly-owned subsidiary. BEi is enhancing hardware sales and developing new products, with sales of infused products starting in Canada on April 1. Production of prerolls in New Mexico commenced on March 16. ILST also invested in the film All My Friends Are Dead, gaining international royalty rights and a share of profits. The company is actively pursuing cash-flow positive acquisition targets and plans to file Q4 2022 financials by month-end.