![]() ![]() Speaking to the latter, Bilzerian delivered. He also added that IGNITE was going to have a profitable Q4. In October 2020, Bilzerian addressed the situation on his Instagram stories, saying IGNITE had an “idiot incompetent president” and that he “fired his ass,” adding that he put $25 million into the company. Some speculated the company was about to go bankrupt. Some of the extravagant personal expenses allegedly bought with IGNITE funds included a rock climbing wall, a ping pong table, a paintball field, and a Bahamas photo shoot.Īccording to reports, the company reported a loss of $67 million CAD ($50 million USD) in fiscal year 2019. Last year, Bilzerian was sued by IGNITE business partners for allegedly misusing company funds to finance his partyboy lifestyle. Instead, he appears to be quietly working behind the scenes on rebuilding his cannabis company, IGNITE. The so-called “Instagram Playboy” hasn’t posted to his account since December. Dan Bilzerian seems to be on a bit of a run lately.
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