Ignite International Brands Ltd (BILZF)
Ignite was founded as a premium brand for discerning people who are most concerned with substance over-promise. They are committed to delivering the world’s best cannabis products, period. By selectively partnering with the most experienced cultivators, manufacturers, and processors, they deliver products as potent as they are consistent, and as industry-leading as they are reliably clean. Ignite takes pride in our operations, and hold our partners to the same enduring standards.
Ignite flower is at the heart of each and every Ignite product. At the core of everything they make, it represents an unwavering dedication to deliver premium cannabis and CBD products worldwide. From the way in which it’s curated and grown, to the way it’s enjoyed, Ignite flower represents cannabis at its finest. Ignite selects the best input material from state-of-the-art grow facilities and pair it with pharmaceutical-grade extraction labs to bring superior cannabis and CBD based products to life.
This past week Dan Bilzerian, Chairman of Ignite, announced that Ignite will finally be able to be traded on the U.S OTC markets. Ignite has a market cap of 177.12 million. On its opening day of trading, the stock had over 6 million shares traded. The only financial statements given are in Canadian numbers, but we can see this is a momentum stock that could benefit in other areas than just cannabis for short term momentum/hype. This kind of name can either double with volume, or get lost without notice. Give it 2-3 weeks and see how it reacts, could be good to look for short term trades.
