Tycoon, playboy, influencer, “King of Instagram”, and cannabis lover Dan Bilzerian attempted to get into the cannabis industry in September of 2018.
Ignite Cannabis Co. launched with a wide variety of cannabis products: from flower to live resin, pre rolls and vape cartridges, and so much more. It didn’t take much for the brand to gain traction in the cannabis scene: at the 2018 Alaska Cup, Ignite’s CBD vape pen already won an award. But Bilzerian has already been working on the business for around two years before they launched, and he planned to have his products for sale in 56,000 locations, with rapid expansion plans happening after that.
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Dan Bilzerian Job List
So what went wrong?
Last July, Ignite declared on their annual filings that they lost $50 million, $43 million of which went to marketing and office rentals, which was first reported by Forbes. Ignite had a $22 million allocation for marketing, which was already twice as much as its yearly sales revenue. Guess where it all went? Throwing luxurious branded parties with tons of booze and sexy women. It also seems that the Ignite funds went to paying for Bilzerian’s publicly lavish lifestyle, including his private jets, booze, women, and parties to name a few.
Many aren’t surprised, to be honest. Bilzerian is a professional at burning cash that he uses to rent yachts, private jets, and pay for women, parties, and his lifestyle. He is a trust fund baby after all, but he used the business funds as if it were his own spendings account. He shelled out $40,000 for a rock climbing wall, a $130,340 photo of the Bahamas, and other ludicrous expenses.
“He traveled the world with a harem of models that would make Hugh Hefner jealous,” commented Tamara Freeze, lawyer for Curtis Hefferman, the former president of Ignite, “expecting that the company would cover it all.”
The truth is that Ignite just didn’t bring in any sales. The only way they were able to stay afloat was to sell shares in Canada’s stock exchange, but they still ended up having to borrow money from other people.
But late in October, it was announced that Bilzerian, who sits as chairman of the board as well as CEO, will be buying 50,000 shares of Ignite in order to save the company. The announcement also stated that Ignite would be entering several purchasing agreements starting October 26, 2020.
CannMart Breaks Up With Bilzerian
CannMart Inc., a subsidiary of Namaste Technologies Inc together with Bilzerian’s Ignite brand struck a deal.
“Our agreement to become the exclusive distributor of IGNITE products in Canada is an important milestone for the company and positively reflects on our value proposition,” said Meni Morim, CEO of Namaste Technologies. “CannMart continues to demonstrate its ability to grow its sales distribution channels in the Canadian market and this is attracting the attention of well-established brands like IGNITE. We place a high value on our relationships with these brands as it is our belief that brand recognition will be a major driver of growth as the legal industry matures and transitions to consumer-packaged goods. The opportunity for CannMart to be the exclusive distributor for IGNITE in Canada reinforces our position in the competitive cannabis market as consumers gravitate towards brands that are well known and trusted for their quality,” reads Namaste Technologies’ release in June 2020.
However, things did not go well as Ignite released a statement last month saying that they are breaking away from the joint venture after just one month.
CannMart will still continue selling their Ignite inventory until December 29, after which they “will no longer act as a distributor for IGNITE in Canada,” said a press release.
“It has been a pleasure working with CannMart to launch IGNITE THC products into Canada,” said John Schaefer, Ignite president. “The IGNITE Team has done a fantastic job delivering superior products to consumers across the country which, has created demand beyond initial expectations. We remain committed to delivering premium cannabis products to our valued consumers, retail and provincial distribution partners as we continue to grow and scale at a fast pace.”
Meni Morin, CEO of Namaste, released their own statement as well. “Our customers and partners are critical to the long-term success of our company, and we are on a mission to connect consumers with the solutions that fit into their lives,” he tells the media. “It is also our belief that brand recognition will be a major driver of growth as the legal industry matures and transitions to consumer-packaged goods. The cannabis landscape is continuously changing, and I’m excited about our future, innovative product portfolio that will continue to delight our consumers. We wish Ignite all the best in its future endeavors,” he says.
Is Dan In Bad Financial Shape?
There seems to be no light at the end of the tunnel for Bilzerian, as rumors keep popping up of his financial mess and it’s just bad press after bad press. Tom Nash, a YouTube influencer, has revealed earlier this month that Bilzerian has actually been paying massive amounts of money to a marketing firm to increase his Instagram followers.
“They claim Dan Bilzerian was their client since 2018 and paid them a staggering amount of $25,000 per month to boost his Instagram profile,” says Nash in a USA Herald report. According to Nash, Bilzerian abruptly stopped paying the firm though they still continued working for him after giving him the “benefit of the doubt”. Eventually, his bill reached $100,000 and it still hasn’t been paid. They eventually stopped working for him. Though the article states that Nash’s accusations aren’t proven, surely there must be some fire where there’s lots of smoke?
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What would you like to know about Dan Bilzerian?
Content overviewYou can find much more stuff about Dan Bilzerian on this page!
Dan Bilzerian's net worth over the years
Year | Net worth |
---|---|
2020 | $210 million |
2019 | $170 million |
2018 | $150 million |
2017 | $135 million |
Age: How old is Dan Bilzerian? Where was he born?
Hometown: The Instagram star was born in Tampa, Florida, United States, on Dec 07, 1980.
Age: Dan Bilzerian is 39 years old now.Nationality: American/ArmenianEthnicity: WhiteSign of the Zodiac: Sagittarius
Age: Dan Bilzerian is 39 years old now.Nationality: American/ArmenianEthnicity: WhiteSign of the Zodiac: Sagittarius
Dan Bilzerian's height and weight
Let's find out how tall Dan Bilzerian is and how much he weighs.- Height in cm and feet: 174cm/5 ft 8.5 in
- Weight in kg and lbs: 86kg/190 lbs
What is his real/full name?
Dan Bilzerian's real/full name is Dan BrandonBilzerian
Dan Bilzerian Career Earnings
.Is Dan Bilzerian married? Does he have a girlfriend or wife?
Although Dan Bilzerian usually posts photos with lots of beautiful girls around him, he was in a monogamous relationship during 2017.
Dan Bilzerian's girlfriend was Sofia Bevarly, American model who is 16 years younger than him.
Dan B described her as a cool and very smart person who loves the same things that he loves.
Before Sofia, Dan Bilzerian was dating actress and model, Lindsey Pelas, but that was an open relationship.
Current girlfriend: Dan Bilzerian's current girlfriend is Katie Bell, a model who was born on March 30, 1995. The couple is together since September 2018. Katie also helps Dan to promote his IGNITE CBD brand.
Family: Does Dan Bilzerian have any brothers, sisters or kids?
Parents: Dan Bilzerian's parents are Paul Bilzerian (father) and Terri Steffen (mother).
Currently they live in Saint Kitts and Nevis, which is a country in the Carribbean, because of Paul's problems with US authorities who want him to pay a $62 million fine for tax evasion and fraud.
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Siblings: Dan has a brother whose name is Adam Bilzerian. Adam is three years younger than Dan Bilzerian and he was also a professional poker player.
Kids: Dan Bilzerian still has no kids.
Friends and associates
Find out who are Dan Bilzerian's friends and associates:
- Tom Hardy
- Joe Rogan
- Donald Trump
- Floyd Mayweather
- French Montana
- Swae Lee
- T-Pain
- Drake
- Dj Khaled
- Berner (rapper)
- Diplo
- Bill Perkins
- Mel Gibson
- Larry King
- Eli Michael Wehbe
- Kevin O'Leary
- Anderson 'The Spider' Silva
Dan Bilzerian's house photos
Dan Bilzerian has a lake house in Minnesota and in 2017 he bought a new house in Bel-Air, California.
You can watch his new house tour video below:
Which cars Dan Bilzerian owns?
Cars collection: Dan Bilzerian owns lots of different cars. He usually drives Mercedes-Benz and Ferrari, but he also has a white Range Rover and a white Rolls-Royce Cullinan (SUV).
He was one of the first people to buy Mercedes-Benz G63 AMG 6x6 in the US.
Dan Bilzerian's Merch
Dan Bilzerian will start selling his merch soon on www.danbilzerian.com
But before he launches his clothing line, you can get some fashion tips and inspiration at Fashionterest.
Tattoos
Dan Bilzerian doesn't have tattoos.
Dan Bilzerian's quotes
We handpicked Dan Bilzerian's best inspirational quotes for you:The only regrets I have are the things I didnt try, I’ve failed and got rejected plenty, but I dont regret trying.
The best thing about social media is it takes power away from the regular media.
If you lose respect for a girl because she f*cks you quickly it means you don’t think very highly of yourself.
What if the people that are less attractive are just running the simulation on a higher difficulty setting.
The road to the top is better than the top, dont be in such a hurry that you don’t enjoy the ride.
Spent time this week in the mountains. It’s good to disconnect, all things important in the city are irrelevant here.
Dan Bilzerian Ignite
I think fat shaming is like motivational speaking, if I got fat I’d hope my friends shamed me into fitness.
When u got money everyone wanna f*ck you, I only complain when it’s guys.
We need to ignore race and stop focusing on it, people need to stop picking sides, this constant racial focus and pride is just gonna divide.
I’ve been asked to give and apology, so here goes.. If you’re offended by my cannabis ads, I dont give a f*ck.
If a guy is tryin to impress you with his clothes he don’t got real money.
My dad said invest in movies, NASCAR & buy a plane if you hate money, so I did all 3. I’m good at poker.
If a person bluffs a lot in poker, he just thinks everyone else is bluffing more often. People equate things to how they live.
Dan Bilzerian Job
Your perspective dictates your happiness
Education: Did Dan Bilzerian go to college?
High School
- Gaither High School
College
- University of Florida (Business and Criminology)
Dan Bilzerian on social media
Here is the list of all Dan Bilzerian's social media accounts:
- Facebook profile: /
- Facebook page: 12,935,000+ followers
- Instagram: 26,500,000+ followers
- YouTube: 88,000+ subscribers and over 6,124,000 video views!
- Twitch: /
- Google+: /
- Twitter: 1,510,000+ followers
- Snapchat: Dan Bilzerian's Snapchat username is @dbilzerian
- LinkedIN: 500+ connections
- TikTok: /
- Musical.ly: /
- Vine: /
Trivia: Did you know these facts about Dan Bilzerian?
- Jobs before the fame: Before he became famous Dan Bilzerian wanted to work for the army, but he dropped from the Navy SEAL training in 2000. after he violated some rules.
- Famous for: Dan Bilzerian is famous for his poker and acting career and for his lavish lifestyle that he presents on his social media accounts.
- Years active: Since 2009
- Nicknames: Dan Bilzerian is also known as The King of Instagram.
- Citizenship: Dan Bilzerian has American and Armenian citizenship.
- Religious views / Religion: /
- Hobbies: /
- Eye color: Hazel
- Hair color: Dark brown
- Sexual orientation: Straight
- Plastic surgeries: Dan Bilzerian hasn't undergone any plastic surgeries.
- Phone number: Lots of people search for Dan Bilzerian's phone number on Google each month, but he never posted it on the Internet. If you find his phone number somewhere on the web, that will probably be a fake number.
- E-mail address: Dan Bilzerian's email address is [email protected]
- Favorite color: /
- Favorite number: /
- Favorite food: /
- Favorite celebrities: /
- Favorite bands: /
- Favorite football club: /
- Favorite superhero: /
- Favorite movie: /
- YouTube views: Dan Bilzerian's YouTube channel has over 6.1 million views!
- Pets: /