International Land Alliance, Inc. exited its joint venture agreement with a privately-held California hemp grower (“Grower”) for commercial hemp operations on 40 acres of the Company’s Southern California property to begin the due diligence process of subdividing the property for the construction of residential homes. The Company executed a new agreement which terminated any and all of its interest, directly or indirectly, in the lease. Pursuant to the agreement the Company will be paid $150,000 over the next two years, which includes $100,000 previously loaned to the venture for the purposes of improvements to the property.