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Dan Bilzerian’s Weed Company Is Reportedly Burning Through $1.5 Million A Month, May Be Bankrupt In Two Weeks

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Listen, the last thing I want to do is pile it on Dan Bilzerian, who by all accounts has had a tough go at it the past 39 years—having orgies with sorority girls, crashing in $75 million mansions, and refusing to lift legs.

Despite the glamorous life Mr. Bilzerian’s cultivated on social media over the years, reports over the past year have been anything but peachy.

There was that report that Bilzerian moved out of the $75 million mansion he rented because he was behind on rent. And the much-anticipated autobiography that went up in flames because he hated the ghostwriter’s portrayal of him.

Now, it’s being reported that Bilzerian’s weed company, Ignite, could go bankrupt in the next two weeks.

In July, news broke that Ignite was $50 million in the red, resulting in Bilzerian ending the lease on the aforementioned mansion (to the elation of his neighbors).

According to Forbes, CannMart, a distribution company that moves Ignite-branded product in Canada—where Bilzerian’s firm is publicly traded—cut ties with Ignite last week after shares of the company tanked from to $1.44 (Canadian) to about $0.35.

To Read The Rest Of This Article By Matt Keohan on Brobible

Published: October 19, 2020

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1 Comment
  • Will
    November 3, 2020 at 8:31 AM

    What a trainwreck. I feel terribly for all the folks who invested their hard-earned money into this company when there are tons of other great opportunities in the industry.

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