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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) 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.
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