Ignite International Brands: Bilzerian's Cannabis Company Reduces Losses, But Questions Linger About Net Worth
Ignite’s Performance in Recent Years: A Rollercoaster Ride Ignite International Brands, founded by Instagram sensation Dan Bilzerian, has faced financial challenges in recent years. Despite losses of $19.7 million in 2020, Ignite has implemented cost-cutting measures, improved revenue streams, and undertaken divestitures in an attempt to stabilize its financial position. High Expenses and Low Profits: A Struggle to Break Even Ignite’s financial woes stem from high operating expenses, particularly in areas such as salaries and office overhead....