Welcome to our dedicated page for International news (Ticker: ILST), a resource for investors and traders seeking the latest updates and insights on International stock.
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) 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.
International Star, Inc. (OTC:ILST) announced a $200,000 investment in a film production titled All My Friends Are Dead, with an expected nationwide release in late 2023 or early 2024. This investment is part of the company's strategy to create value through new opportunities beyond traditional sales. Dan Rubin, CEO of Budding Equity, the subsidiary involved, and the Company's CEO, Nochum Greenberg, expressed optimism about the long-term growth potential of this venture. Rubin also purchased $200,000 in ILST Class B Preferred Shares to finance the project.
International Star, Inc. (OTC:ILST) announced the completion of its acquisition of Budding Equity Inc. (BEi), a Canadian firm focused on monetizing intellectual property in the cannabis sector. The acquisition, valued at approximately $1.7 million CAD ($1.27 million USD), provides ILST with royalty agreements with recognizable brands like Sony Pictures and Paramount. The deal follows a prior loan agreement of $375,000, giving ILST a 7.5% equity stake before acquiring the remaining 92.5%. This strategic move aims to enhance ILST's revenue growth and market presence in the cannabis industry.
International Star, Inc. (OTC:ILST) has elected Avi Minkowitz to its Board of Directors and is finalizing the acquisition of Budding Equity, Inc. Budding Equity partners with movie studios to monetize intellectual property in the cannabis sector. Minkowitz's extensive experience in business development and finance is expected to facilitate the acquisition's transition and enhance shareholder value. The acquisition positions ILST as the sole owner of Budding Equity, which may significantly expand its market presence.
International Star (OTC: ILST) announced its acquisition of Budding Equity, a cash-flow-positive company in the global cannabis sector, emphasizing its unique market position. The initial purchase of 6% will be financed through a senior secured loan, with options for future acquisition based on performance. ILST management believes this acquisition will lead to further opportunities and enhance growth. Plans to form an advisory board are underway to secure strategic partnerships, while management remains committed to a long-term vision despite potential risks outlined in forward-looking statements.
International Star, Inc. (OTC:ILST) has appointed Mr. Nochum Greenberg as interim CEO and Chairman following a recent control change. Greenberg intends to drive the company's transition and repositioning strategy, focusing on acquiring revenue-generating firms. A significant announcement regarding an initial acquisition is expected within two weeks. The company aims to create a financially robust enterprise, enhancing shareholder value. New communication channels, including a website and Twitter handle, have been established to keep stakeholders informed.