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) delivers innovative residential land development solutions in Baja California, combining sustainable practices with prop-tech advancements. This news hub provides investors and stakeholders with essential updates on the company's strategic initiatives and market position.
Access real-time announcements including quarterly earnings, partnership developments, and sustainability milestones. Our curated collection ensures you stay informed about ILAL's land acquisition strategies, community projects, and regulatory compliance efforts.
Discover comprehensive coverage of:
• Financial disclosures and SEC filings
• Land development progress in Northern Mexico
• Eco-friendly construction initiatives
• Strategic alliances with technology partners
Bookmark this page for verified updates directly from corporate communications and trusted financial sources. For comprehensive analysis of ILAL's market performance, consult our quarterly reports section regularly.
International Land Alliance (OTCQB:ILAL) provided a corporate update highlighting key initiatives and progress in their property portfolio. Notable developments include the appointment of Frank Ingrande as President, the execution of residential sales agreements at Valle Divino, and a partnership with CleanSpark for solar microgrid installations. The company resumed construction at Oasis Park Resort, anticipating over $60 million in gross lot sales. Additionally, ILA closed a $2 million private placement to strengthen its balance sheet and paid off a $500,000 bridge loan, positioning itself for future growth.
International Land Alliance (OTCQB:ILAL) announced the upcoming construction of a model home, three casitas, and a clubhouse at its Valle Divino eco-friendly development in Ensenada, Baja California. The project utilizes CleanSpark’s sustainable microgrid power solutions and is set to begin in Q4 2021. The development, part of a larger community overlooking the Bajamar Ocean Front Hotel and Golf Resort, includes a vineyard expansion to 2 acres. Residential home prices start at $99,000 for solar-powered models. The initiative aims to attract interest with sustainable living options.
International Land Alliance (OTCQB:ILAL) will participate in two virtual conferences: the Q3 Investor Summit on August 17, 2021, at 3:30 PM ET, and the SNN Network Summer Conference on August 19, 2021, at 1:30 PM ET. ILA's management will meet with investors and host presentations during these events.
Webcasts for both conferences will be available, allowing investors to follow the discussions and insights shared by the management. ILA focuses on sustainable land investment and development, mainly in Northern Baja California.
International Land Alliance, Inc. (OTCQB: ILAL) has successfully closed a private placement, selling 3,000,000 shares at $0.68 each to an institutional investor, generating approximately $2.0 million in gross proceeds. Alongside the shares, the investor received warrants for an additional 3,000,000 shares at the same price, which will expire in 5.5 years. The funds will be allocated towards construction, sales, marketing, and debt retirement. The company plans to file a resale registration statement within 30 days.
International Land Alliance (OTCQB: ILAL) announced a definitive agreement for a private placement of 3 million shares at $0.68 per share. The offering is expected to generate approximately $2 million before expenses. Additionally, warrants for 3 million shares at the same price will be issued. Proceeds will support sales and marketing efforts, particularly at the Oasis Park Resort, aiming for over $60 million in gross lot sales. The closing is anticipated on or about July 29, 2021.
International Land Alliance (OTCQB:ILAL) issued a letter from President Frank Ingrande detailing its progress in real estate development. The company has sold 900 homesites in Rancho Costa Verde and constructed 47 homes, with growth in buying demand despite reduced marketing expenses. Key projects include Plaza Bajamar with a $16 million sales opportunity and Valle Divino worth $60 million. Oasis Park Resort shows $60 million in potential from lot sales. ILA maintains a clean balance sheet with assets valued at $27.5 million against a cost of $4.2 million and insider ownership of over 45%.
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.
