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International Star Inc. Appoints Robert Klein as New CEO

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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 Inc. (OTC PINK:ILST) ha nominato Robert Klein come nuovo CEO, sostituendo Todd Masse che ha ricoperto il ruolo da aprile 2024. Klein, fondatore di Budding Equity con connessioni a family office in Canada e negli Stati Uniti, mira a guidare ILST attraverso la sua prossima fase di crescita. L'azienda prevede di espandere la gamma di prodotti in nuovi stati e di migliorare le collaborazioni con celebrità. Klein ha espresso ottimismo riguardo a potenziali opportunità di riassegnazione della cannabis e al loro impatto sulla crescita dell'industria. ILST prevede inoltre di nominare ulteriori dirigenti a livello C-suite per sostenere l'espansione dell'azienda.

International Star Inc. (OTC PINK:ILST) ha nombrado a Robert Klein como su nuevo CEO, reemplazando a Todd Masse, quien ocupó el puesto desde abril de 2024. Klein, fundador de Budding Equity con conexiones a oficinas familiares en Canadá y EE. UU., tiene como objetivo guiar a ILST a través de su próxima fase de crecimiento. La empresa planea expandir su oferta de productos en nuevos estados y mejorar las asociaciones con celebridades. Klein expresó optimismo acerca de las posibles oportunidades de reprogramación de cannabis y su impacto en el crecimiento de la industria. ILST también planea nombrar más direcciones en C-suite para apoyar la expansión de la compañía.

International Star Inc. (OTC PINK:ILST)는 Robert Klein을 새로운 CEO로 임명하였으며, 이는 2024년 4월 이후 Todd Masse를 대체하는 것입니다. Klein은 Budding Equity의 창립자로, 캐나다와 미국의 패밀리 오피스와의 연계가 있습니다. 그는 ILST를 다음 성장 단계로 이끌 계획입니다. 회사는 새로운 주에서 제품 라인업을 확장하고 유명인과의 파트너십을 강화할 계획입니다. Klein은 잠재적인 대마초 재편성 기회와 그것이 산업 성장에 미치는 영향에 대해 낙관적인 입장을 보였습니다. ILST는 또한 회사 확장을 지원하기 위해 추가 C-suite 관리를 임명할 계획입니다.

International Star Inc. (OTC PINK:ILST) a nommé Robert Klein en tant que nouveau PDG, remplaçant Todd Masse qui a occupé le poste depuis avril 2024. Klein, fondateur de Budding Equity avec des liens vers des bureaux familiaux au Canada et aux États-Unis, vise à diriger ILST à travers sa prochaine phase de croissance. L'entreprise prévoit d'élargir son offre de produits dans de nouveaux États et d'améliorer les partenariats avec des célébrités. Klein a exprimé son optimisme quant aux opportunités potentielles de reclassification du cannabis et à leur impact sur la croissance de l'industrie. ILST prévoit également de nommer d'autres cadres dirigeants pour soutenir l'expansion de l'entreprise.

International Star Inc. (OTC PINK:ILST) hat Robert Klein zu seinem neuen CEO ernannt, der Todd Masse ersetzt, der seit April 2024 im Amt war. Klein, ein Gründer von Budding Equity mit Verbindungen zu Family Offices in Kanada und den USA, hat sich zum Ziel gesetzt, ILST durch die nächste Wachstumsphase zu führen. Das Unternehmen plant, das Produktangebot in neuen Bundesstaaten zu erweitern und die Partnerschaften mit Prominenten zu verbessern. Klein äußerte Optimismus über potenzielle Chancen zur Neuregelung von Cannabis und deren Auswirkungen auf das Wachstum der Industrie. ILST plant auch, zusätzliche C-Suite-Managementmitglieder zu ernennen, um die Unternehmensausweitung zu unterstützen.

Positive
  • Appointment of company founder with established industry connections
  • Plans for product expansion into new states
  • Strategic positioning for potential cannabis rescheduling opportunities
  • Planned strengthening of C-suite management team
Negative
  • CEO turnover after only 7 months indicates potential leadership instability
  • Uncertainty during management transition period

DOVER, DE / ACCESSWIRE / November 4, 2024 / International Star Inc. (OTC PINK:ILST) (the "Company" or "ILST") is pleased to announce the appointment of Mr. Robert Klein as the new CEO of ILST, replacing Mr. Todd Masse, who has served as CEO since April 2024. Mr. Masse has chosen to pursue pastures anew, and we thank him for his work, consulting, and direction in helping ILST complete certain milestones that were key to the company.

Mr. Klein was one of the founders of Budding Equity and is a seasoned entrepreneur who currently has ties to various family offices in Canada and the USA. He is poised to take International Star Inc. through the next growth period as ILST looks to working with additional Celebrities and expand product offerings in new states.

Mr. Klein has been in touch with new promising opportunities for our current celebrities and new points of contact to grow our product offering profile. "It makes the most sense for me to lead ILST and its wholly owned subsidiary, Budding Equity, through the next development phase, and I am looking forward to this opportunity," said Mr. Klein. "Also, as we anticipate the rescheduling of cannabis, we're on the brink of an unprecedented era for the industry. This potential regulatory shift will unlock new opportunities for growth, investment, and innovation across the cannabis sector, positioning International Star Inc. to expand our offerings, reach new markets, and drive significant value for our stakeholders.

I also want to thank Mr. Masse for his involvement and expertise and wish him all the best in his next venture."

"Working with ILST, getting them to this point, and handing off the company to the good hands of Mr. Klein gives me confidence in their future while I pursue other projects. I look forward to maintaining an open relationship with ILST and their team", said Mr. Masse.

In the near term, we look forward to appointing additional C-suite management to navigate the growth of ILST as we embark on new opportunities, work with new celebrities, and grow the business.

About International Star Inc:

International Star Inc. (OTC: ILST) operates through its wholly-owned subsidiary, Budding Equity Inc. ("BEi") and its 20% ownership stake in B Studios LLC. BEi owns and licenses intellectual property through contracts with movie studios and celebrities and structures licensing deals with third parties for cannabis-related products. The company also maintains joint ventures with affiliates of Ice Cube and Kevin Smith to license and brand cannabis and cannabis-related products. B Studios focuses on producing cannabis-themed films and capitalizing on product placement and licensing. A core focus of ILST remains acquiring and developing innovative businesses with high growth potential in the cannabis space and beyond. For more information, you can visit our website at www.ilstinc.com.

For media inquiries, please contact:

Investors@ilstinc.com

International Star, Inc.
8 The Green
Suite 16020
Dover, DE 19901
Website: www.ilstinc.com

Forward-Looking Statement

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

SOURCE: International Star, Inc.



View the original press release on accesswire.com

FAQ

Who is the new CEO of International Star Inc. (ILST)?

Robert Klein, one of the founders of Budding Equity, has been appointed as the new CEO of International Star Inc. (ILST).

When did International Star Inc. (ILST) announce its CEO change?

International Star Inc. (ILST) announced the appointment of Robert Klein as new CEO on November 4, 2024.

What are International Star Inc.'s (ILST) expansion plans under the new CEO?

Under Robert Klein's leadership, ILST plans to work with additional celebrities, expand product offerings in new states, and capitalize on opportunities from potential cannabis rescheduling.

Who did Robert Klein replace as CEO of International Star Inc. (ILST)?

Robert Klein replaced Todd Masse, who served as CEO of International Star Inc. (ILST) since April 2024.

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