Current Report Filing (8-k)
29 December 2021 - 12:00AM
Edgar (US Regulatory)
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2021-12-14
2021-12-14
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 14, 2021
INTERNATIONAL
LAND ALLIANCE, INC.
(Exact
name of Registrant as specified in its Charter)
wyoming
|
|
000-56111
|
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46-3752361
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
No.)
|
|
(IRS
Employer
Identification
No.)
|
350
10th Av., Suite
1000, San
Diego, CA
92101
(Address
of principal executive offices)
(877)
661-4811
(Registrant’s
Telephone Number)
(Former
name or address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title
of each class
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Trading
symbol(s)
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Name
of each exchange on which registered
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Common
Stock
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ILAL
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OTC:QB
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
In this Current Report on
Form 8-K, “Company,” “our company,” “us,” “ILAL,” and “our” refer to International
Land Alliance, Inc., unless the context requires otherwise.
FORWARD-LOOKING
STATEMENTS
Our
disclosure and analysis in this Current Report on Form 8-K contains some forward-looking statements. Certain of the matters discussed
concerning our operations, cash flows, financial position, economic performance and financial condition, and the effect of economic conditions
include forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events or conditions
or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,”
“estimates” and similar expressions are forward-looking statements. Although we believe that these statements are based upon
reasonable assumptions, including projections of orders, sales, operating margins, earnings, cash flow, research and development costs,
working capital, capital expenditures and other projections, they are subject to several risks and uncertainties.
Investors
are cautioned that our forward-looking statements are not guarantees of future performance and the actual results or developments may
differ materially from the expectations expressed in the forward-looking statements.
As
for the forward-looking statements that relate to future financial results and other projections, actual results will be different due
to the inherent uncertainty of estimates, forecasts and projections may be better or worse than projected. Given these uncertainties,
you should not place any reliance on these forward-looking statements. These forward-looking statements also represent our estimates
and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements,
and the estimates and assumptions associated with them, after the date of this filing to reflect events or changes in circumstances or
changes in expectations or the occurrence of anticipated events. You are advised, however, to consult any additional disclosures we make
in our reports on Form 10-K, Form 10-Q, Form 8-K, or their successors.
Item
1.02 Termination of a Material Definitive Agreement
On
December 14, 2021, International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international
land investment and development firm, executed a rescission agreement with a private grower of hemp, which terminated any and all of
its interest, directly or indirectly, in the lease of a small portion of its land in Southern California for the growing of hemp. The
Company, who is a developer of land for resorts and commercial buildings, will begin subdividing the property for the construction of
residential homes. The Company was never in the hemp business and acted strictly as a Lessor. Pursuant to the rescission agreement the
Company will be paid $150,000 over the next two years, which includes $100,000 previously loaned to the venture for the purposes of improvements
to the property.
Item
7.01 Regulation FD Disclosure
On
December 28, 2021, ILA issued a press release announcing the termination and rescission of its lease agreement for the growing
of hemp. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference
herein.
The
information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated
by reference in any filing of Basic’s under the Securities Act of 1933, as amended, unless specifically identified therein as being
incorporated therein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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INTERNATIONAL
LAND ALLIANCE, INC.
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Date:
December 28, 2021
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By:
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/s/
Roberto Valdes
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Roberto
Valdes
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Chief
Executive Officer
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