©2020 EHM PRODUCTIONS,INC. This money was spent on operational costs alone. A post shared by Dan Bilzerian (@danbilzerian) on Jan 18, 2020 at 4:24pm PST. Reports also emerged that Dan Bilzerian, the Founder of Ignite, also used it to fund his lavish lifestyle. Follow us on The company is experiencing a PR nightmare right now as its CEO Dan Bilzerian's facade is falling apart. Enjoy the broad benefits of our CBD oil, vape, and drops. Instagram Internet playboy Dan Bilzerian's company, Ignite International Brands, Ltd., managed to lose about $50 million last year and may not survive until the next Halloween party.
The popular playboy poker player and cannabis sector CEO is being sued by Curtis Heffernan, who claims he was fired from his job at Dan's weed company, Ignite, after noticing some company funds were being spent on things that seemed personal ... and then blowing the whistle. In a recent YouTube video, financial analyst Tom Nash does a deep dive into Ignite’s financial records for Q2 (which were recently revealed two-and-a-half months after the deadline) and explains how the end may be near for Bilzerian’s baby. According to the suit, Heffernan claims he told the board at Ignite the company could not afford to keep spending money in the same manner during the pandemic, and in response, Dan falsely accused him of doing drugs and he got canned. This article is exclusive for subscribers. The report, filed in June at the Canadian Stock Exchange where Ignite shares (BILZ) are publicly traded, also revealed two ways in which the company ‘made’ money last year. © 2020 EHM PRODUCTIONS,INC.
Some of the company’s employees who spoke on the condition of anonymity also confirmed much of what Heffernan filed in his suit. Get TMZ breaking news sent right to your browser! At Growcola.com, she covers everything from the cannabis stock market, cannabis market regulations to cannabis legalization news from the USA and worldwide. Ignite was launched in 2018 in a true Bilzerian fashion at a party attended by thousands of guests. Dan Bilzerian is being sued by an Ignite employee who says he was fired after blowing the whistle on the company's lavish spending. it will also include a second flavour and a set of Merch. Much of it covered marketing and promotion, compensation for staff and executives, and leases on offices. — Dan Bilzerian (@DanBilzerian) October 14, 2020. It hosted lavish parties with teams of expensive models, threw events, and did virtually everything that ready cash could do. According to a lawsuit filed by Ignite’s recently ousted former President Curtis Heffernan, Bilzerian used company funds to pay for his lavish lifestyle.
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