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International Star Inc. (OTC PINK: ILST) is an industry leader bridging the entertainment and cannabis sectors. Operating through its wholly-owned subsidiary, Budding Equity Inc. (BEi), ILST has pioneered the integration of pop culture with cannabis products, creating a unique market niche.
In the second quarter of 2023, ILST reported record-breaking royalty-eligible sales exceeding US $1,400,000, a testament to its innovative business model. This model includes strategic joint ventures using globally recognized entertainment properties to develop and market cannabis products. Noteworthy partnerships include iconic brands like Cheech & Chong's Up In Smoke™, Trailer Park Boys™, and Jay & Silent Bob™ through a collaboration with director Kevin Smith.
ILST recently entered into a royalty agreement with National Tobacco to integrate IP from its partnership with Ice Cube into Clipper Lighters, highlighting the company's ability to leverage its extensive IP portfolio. This agreement is a part of ILST’s broader strategic plan to expand its market presence and diversify its product offerings.
Geographically, ILST has seen substantial sales across multiple states: Oklahoma, Arizona, New Mexico, California, and Michigan, and an international footprint in Canada. The company’s exclusive JV product lines, such as Ice Cube's Good Day Kush and Fryday Kush, have shown significant demand, reflecting the successful fusion of entertainment properties and cannabis products.
Acquiring Budding Equity in early 2023, Dan Rubin's leadership has been pivotal. With a background in financial management, Rubin has raised over $9 billion in assets, positioning Budding Equity as a transformative force in the cannabis industry. The company is also involved in the production of the movie "All My Friends Are Dead", exemplifying its commitment to integrating entertainment and cannabis.
Looking forward, ILST is focused on expanding its IP portfolio, developing new products, and increasing shareholder value. The strategic investment in B Studios further cements its position at the intersection of cannabis and entertainment, aiming to accelerate project timelines and capitalize on emerging market opportunities.
ILST remains committed to innovation, strategic partnerships, and leveraging its unique market position to drive sustainable growth and expand its market footprint.
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.
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.
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