Welcome to our dedicated page for INTL STAR news (Ticker: ILST), a resource for investors and traders seeking the latest updates and insights on INTL STAR stock.
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 Inc. (OTC PINK:ILST) announced that its subsidiary, Budding Equity , has renewed its licensing agreement with Ice Cube through February 2027 for the Fryday cannabis brands. The agreement, previously held by Canadian-domiciled Budding Equity Inc., has been transferred to US-based Budding Equity The renewal follows strong performance of Ice Cube's cannabis product lines across multiple states. CEO Dan Rubin emphasized the partnership's success in delivering premium cannabis products that align with Ice Cube's brand standards. The extended collaboration aims to continue product innovation and market expansion in the cannabis industry.
International Star (OTC:ILST) provided a strategic update highlighting its progress and future opportunities. The company, historically focused on the cannabis industry, is expanding through celebrity partnerships and diversification initiatives. ILST is currently in negotiations with two high-profile celebrities for new cannabis brands and is collaborating with Zionic Beverages and a nicotine manufacturer for innovative products, with announcements expected in Q1 2025.
The company's entertainment division, B Studios (20% minority position), is planning to begin production of a new movie in the first half of 2025 and is developing three additional films integrating cannabis properties. ILST aims to add two more celebrity brands to its portfolio in 2025 and plans to enter the Asian market in Q1 2025.
International Star Inc. (OTC PINK:ILST) and Zionic Beverages Inc. have signed a Letter of Intent to jointly develop alcoholic and non-alcoholic beverages. The collaboration leverages ILST's celebrity connections, including consultants who have worked with Mike Tyson, Tommy Chong, and Snoop Dogg, alongside Zionic's established relationships with 7-Eleven and Republic Brands. The partnership aims to combine product innovation with celebrity endorsements for market expansion.
International Star Inc. (OTC PINK:ILST) has appointed Robert Klein as its new CEO, replacing Todd Masse who served since April 2024. Klein, a founder of Budding Equity with connections to family offices in Canada and USA, aims to lead ILST through its next growth phase. The company plans to expand product offerings in new states and enhance celebrity partnerships. Klein expressed optimism about potential cannabis rescheduling opportunities and their impact on industry growth. ILST also plans to appoint additional C-suite management to support company expansion.
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.
FAQ
What is the current stock price of INTL STAR (ILST)?
What is the market cap of INTL STAR (ILST)?
What does International Star Inc. specialize in?
Who is the CEO of International Star Inc.?
What recent sales milestones has ILST achieved?
What are some key partnerships for ILST?
What geographical markets does ILST operate in?
What is Budding Equity Inc. and its role in ILST?
What upcoming projects does ILST have?
How does ILST leverage its intellectual property?
What is ILST's strategic focus for future growth?
How does ILST plan to increase shareholder value?
