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Dan Bilzerian's Ontario-based cannabis company under investigation

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Ignite International Brands Ltd., a cannabis company led by social-media influencer Dan Bilzerian, is under investigation by the U.S. Securities and Exchange Commission. — via TheGrowthOp cannabisnews

Among other things, the SEC is investigating whether the Markham, Ont.-headquartered company violated the federal securities laws by making false or misleading statements in reporting its 2020 financial results.

“The SEC is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws,” the release adds.

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