ILAL subsidiary receives subdivision approval, enabling recognition of $4.2M deferred revenue

International Land Alliance Inc.

Rancho Costa Verde subsidiary in Mexico got subdivision approval from San Felipe municipality for Phase II and III.
Approval fulfills final performance obligation for 600 residential lots previously sold.
Gross sales from those lots exceeded $18M; $4.2M in deferred revenue can now be recognized.
Payment of final transfer taxes is also required for revenue recognition.

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