Ignite Net Worth 2023; Revenue, Net Income, Share Price & Market Cap

Ignite International Brands is a company that specializes in the production and distribution of cannabis and CBD products. The company was founded by Dan Bilzerian, a social media influencer, in 2017. Ignite offers a wide range of products, including CBD oils, topicals, edibles, and vaping products.

  • Market Cap- CA$170.33 Million
  • Enterprise Value- CA$160.18 Million
  • Revenue- CA$78.78 Million

The company also produces THC products in markets where they are legal. Ignite has expanded its product line to include merchandise, apparel, and accessories. The company operates globally, with distribution in the United States, Canada, Mexico, and the United Kingdom.

Ignite Revenue Details:

According to the filing, IGNITE only lost $19.7 million in 2020, per documents filed with the Canadian Securities Exchange. Its revenue for 2021 was $78.8 million compared to revenue for 2020 of $16.9 million. Fourth quarter 2021 revenue was close to $50 million.

In 2022. Based on revenue in the months of January and February and orders and contracts in place impacting March and the remaining months in 2022, the Company projects Q1 2022 revenue to exceed $25 million compared to Q1 2021 revenue of $3.6 million.

The 2023 Years Revenue details not release from IGNITE authority.

Ignite Net Worth 2023:

Dan Bilzerian is the founder and CEO of Ignite International Brands, and it’s likely that a significant portion of his wealth is tied up in the company’s value and performance.

It’s important to note that Ignite International Brands is a publicly traded company and its net worth is based on the company’s assets, liabilities, and market capitalization, rather than Dan Bilzerian’s personal wealth.

At that time, Ignite International Brands had a market capitalization of approximately $170 million USD. So, Ignite Net worth is $170.33 Million.

Ignite Net Income:

In 2020, The company claimed its first-ever profitable quarter in Q4, with a net income of $3.1 million.

Ignite Share Price and Market Cap:

Ignite had a market capitalization of $170.33 million USD. The company reported revenues of $7.8 million USD for the first half of 2021, with a net loss of $19.2 million USD. As for the share price, it was trading at around $0.55 USD per share on the Canadian Securities Exchange (CSE) at that time 2023.

Over the past six months, its share price has underperformed the Toronto Stock Exchange 300 Composite Index by -37.54%. As of the last closing price of CA$0.55, shares in Ignite International Brands were trading -41.19% below their 200 day moving average.

Shares in Ignite International Brands last closed at CA$0.55 and the price had moved by -56.35% over the past 365 days. In terms of relative price strength the Ignite International Brands share price has underperformed the Toronto Stock Exchange 300 Composite Index by -52.58% over the past year.

Ignite Key Product :

IGNITE brand through various product platforms in the synthetic and tobacco-derived nicotine e-liquid, spirits, apparel, beverage, cannabidiol (CBD), and cannabis sectors.

Ignite International Brands’ management team is headed by:

  • Dan Bilzerian – CHM
  • John Schaefer – PRE
  • Paul Holden – GCN
  • Pradeep Albert – IND
  • Gregory Gilpin-Payne – IND
  • Lester Lee – IND
  • Vered Nisim – IND

Here are the trading details for Ignite International Brands:

  • Country of listing: Canada
  • Exchange: CNX
  • Ticker Symbol: BILZ

How does ignite make money?

The company issued and sold shares of its company stock, and the company also raised money via debt. As per its annual filing, Ignite recorded $25 million from “proceeds of the issuance of shares,” $19.9 million from “convertible debt,” and $23.7 million from a “short-term promissory note.”

Elena Eremina

Hi there! I am Elena, the curator of all the biography, Net worth content that you will be reading on this blog. What makes me relatable and credible is my experience and the will to make fashion and being a new mommy an incredible journey for you.

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