secwatch.observer — SEC 8-K summary
======================================

Issuer:     International Land Alliance Inc. (ILAL)
CIK:        0001657214
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0001493152-21-032568
Event type: other_material
Sentiment:  positive
Materiality: 0.40
Item codes: 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Land Alliance terminates hemp lease, to subdivide 40 acres for homes
--------------------------------------------------------------------------------

- Rescinded lease with private CA hemp grower for 40 acres; will receive $150,000 over two years.
- Company pivots from hemp lease to subdividing property for residential home construction.
- Property acquired Q1 2019 for $1.1M; one 20-acre parcel previously sold for $630,000.
- President cites strong demand for Southern California homes and land prices as rationale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657214/000149315221032568/0001493152-21-032568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657214/000149315221032568/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-032568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer