financial problems

Jay-Z’s Luxury Weed Brand In Reported Dire Financial Straits

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Millionaires and billionaires are not going to flawlessly exceed at everything they put their minds to. You can tie that fact to Jay-Z, one of hip-hop’s most successful entrepreneurs. According to HipHopNMore and SFGate, his luxury weed company, Monogram, is in serious peril financially speaking. Hov launched the brand in 2020 and was named the brand’s Chief Brand Strategist. The California-based cannabis supplier was kickstarted in a big and flashy way. Magazines like GQ, Vogue, and Vanity Fair featuring it front and center really helped get the word out.

Moreover, some of the debut promotion included a lavish photoshoot at the Frank Sinatra house in Palm Springs helped get this target audience established pretty quickly. But it turns out that that over $500 million investment was a mistake on the part of its overseer, The Parent Company (ironic name). Both outlets have gathered that Monogram was supposed to make around $300 million in its inaugural year.

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Will Jay-Z Have To Shut Down Monogram’s Operations?

CLEVELAND, OHIO – OCTOBER 30: Inductee Jay-Z speaks onstage during the 36th Annual Rock & Roll Hall Of Fame Induction Ceremony at Rocket Mortgage Fieldhouse on October 30, 2021 in Cleveland, Ohio. (Photo by Kevin Mazur/Getty Images for The Rock and Roll Hall of Fame )

However, Jay-Z and his partners were nowhere near that mark. In fact, TPCO had a net loss of $587 million. Obviously, they had to move on from the New York rapping legend’s project. They did, and Gold Flora decided to give Jay-Z a chance. However, that also backfired, as the newer parent company was also struggling mightily. They were also losing return on their investment, losing around $56 million.

Additionally, Gold Flora’s debts were well over their assets at $60 million. Since Monogram’s inception, they have accused of smuggling, allegedly failing to pay invoices, as well as allegedly owing a weed farm around $200,000. Overall, Monogram’s faults were expected by those in the cannabis industry. Seth Yakatan, an investor in this field, told SFGate that general reviews are uninspiring. “Monogram was supposed to be an ultra-premium product, and I don’t know anyone who tried it and thought it was anything more than mid-tier.”

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50 Cent Clowns Dame Dash For Being “Broke”

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A few months back, Dame Dash went viral for suffering a dental mishap on Instagram Live. While ranting about the shade 50 Cent threw at him on the Million Dollaz Worth of Game podcast, his grills came out, leaving social media users stunned. Shortly after, Dame hopped online to clarify a few things amid all the clowning.

“Yo, obviously I feel like I need to address the teeth,” he began at the time. “First of all, s**ts is not dentures. These are my grills, right? And what happened was, I have to go get implants put in, so I have implants. And I got them 20 years ago, and every 20 years, you got to switch them out. So I have to do a surgery.”

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50 Cent Calls Dame Dash’s Dental Mishap A “New Low”

Social media users continue to make light of the unexpected moment regardless, but fortunately, it doesn’t look like Dame minds. He reflected on the debacle during a recent interview, revealing that he was actually “praying” it would go viral. “The internet talked about it and I was really kinda happy,” he added. This didn’t sit right with 50 Cent, who took to Instagram yesterday to share the snippet from Dame’s interview. “So let me get this straight,” he captioned it. “@Dame dash you was praying your teeth fell out, so people would talk about it. yeah you broke for real, this is a new low ! keep my name out your mouth, and your teeth in ok ? LOL.”

He also went on to share another video of Dame from earlier this year in which he discussed his financial issues. “No lies detected what ever you do don’t go out like Dame! LOL,” he wrote in the caption. What do you think of 50 Cent’s response to Dame Dash claiming he hoped people would talk about his grills falling on Instagram Live? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

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Ari Lennox Forced To Cancel LA Show Amid Financial Woes

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Throughout 2024, things just have not been going Ari Lennox’s way. The talented Dreamville R&B singer and songwriter has been tasked paying back the IRS a lot of money and it seems to not be going so well. She even messed around and said she would do essentially anything to pay off her debts. “I’m just gonna tell y’all my business. I need to pay this IRS. The strange things I’m finna do for change, just so i can just break even. I’m gonna crazy and then we start anew.”

She isn’t trying to dodge this at all, and even is looking to manage her finances better after all of this is resolved. While this does sound good, it sounds like it’s going to take Ari some time to fulfill her promises to herself. With her music being her source of income, if she’s not able to release any or perform it, she’s going to be behind the eight ball. It sounds like that’s the case because according to The Neighborhood Talk, the “Shea Butter Baby” singer just had to cancel her upcoming Los Angeles show.

Read More: Piers Morgan Apologizes To JAY-Z And Beyonce After Controversial Interview

Ari Lennox Sounds Defeated & Deflated

 
 
 
 
 
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She painfully addressed this on what appears to be an IG Live, revealing that low ticket sales are the root cause. “We just couldn’t sell tickets,” Ari said defeatedly. “So, that’s my life right now. I guess hopefully things will change once I drop the music, drop the album and it is though very telling.” You can tell from the audio that she’s very hard and critical of herself, as she says, “I take everything personally. You’re only as good as the music you put out, so it’s just like ‘goddamnit.’” Ari does feel that there is a solution and that would be to perform in Washington D.C., as she knows she has a loyal fanbase out there. Our hearts hurt for Ari right now, so we are sending her our best during this trying time.

What are your thoughts on Ari Lennox having to cancel her Los Angeles show due to low ticket sales? Is this one of the most tragic stories going on in music right now? Should Ari drop her new album/new singles before year’s end? We would like to hear what you have to say, so leave your thoughts in the comments. Additionally, always keep it locked in with HNHH for all of the latest news surrounding Ari Lennox. Finally, stay with us for everything else going on in the music world.

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Flavor Flav Saves The Day By Paying Olympian Veronica Fraley’s Rent

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Recently, Flavor Flav decided to lend a helping hand to discus thrower Veronica Fraley, who had more than just her Olympic debut to worry about this week. The 24-year-old Athlete took to Twitter Thursday night to share that she was struggling to pay her rent, despite competing in the most prestigious sporting event in the world the very next day.

“I compete in the Olympic Games TOMORROW and can’t even pay my rent,” the Vanderbilt University student wrote. “My school only sent about 75% of my rent while they pay football players (who haven’t won anything) enough to buy new cars and houses.” Luckily, Flavor Flav caught wind of Fraley’s predicament right away and quickly swooped in to save the day. He replied to her post, offering to pay her rent so she could focus solely on giving her all at the Olympics.

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Flavor Flav & Alexis Ohanian Team Up To Save The Day

“I gotchu,,, DM me and I’ll send payment TODAY so you don’t have to worry bout it TOMORROW,,, and imma be rooting for ya tomorrow LETZ GO,!!!” he told her. From there, Reddit co-founder Alexis Ohanian also chimed in, offering to split the cost with Flavor Flav. Clearly, this was a tremendous help to Fraley, who promptly thanked the duo. “THANK YOU & @FlavorFlav SO MUCH,” she said. “This makes every difference in the WORLD & I hope to represent team USA well this week.”

Fraley went on to share another Tweet earlier today, confirming that she was able to pay her rent. “ITS MEET DAY,” she declared. “Also paid my rent this morning [crying face emoji] [praying hands emoji] [love hearts emoji].” What do you think of Flavor Flav and Reddit co-founder Alexis Ohanian helping out Olympic athlete Veronica Fraley by chipping in to pay her rent? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

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Finesse2tymes Makes Baffling Admission About How He Made $200 While Broke

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Earlier this week, Finesse2tymes took to social media to open up about the absurb lengths he once went to while broke, and his revelation has left fans shocked and disturbed. In a new clip, he admits that he once watched the mother of his kids have sex with someone else in exchange for roughly $200. According to him, he’s simply “cut different,” as evidenced by how far he was willing to go for a buck.

For obvious reasons, social media users have a lot to say about his claim, with many arguing that he should have kept this one to himself. “That was a ‘take it to the grave’ thing,” one Instagram commenter says. “Yeah this isn’t a flex,” another writes.

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Finesse2tymes Admits He Watched The Mother Of His Kids Have Sex With Someone Else For Money

While most viewers are outraged by his admission, others aren’t too surprised. He made a similar revelation during his recent, heated online exchange with NBA YoungBoy. Last week, YB posted a photo of Finesse’s pregnant girlfriend FNG Shugga in an attempt to taunt him. Instead of being offended, however, Finesse took the opportunity to try to make some cash. He offered the rapper a FaceTime call with the mother-to-be in exchange for $250K. “Somebody tell @nba_youngboy u must forgot I’m from Memphis homie we aint tender #Making #Easy #Money #Pimpin #H*es #Is #Serious,” he said at the time. “Tell him come on wit it.”

Unfortunately, YB no longer seemed interested. In fact, he fired back with full force, and promptly questioned how the Tennessee-born performer was raised and by who. What do you think of Finesse2tymes revealing that he once witnessed the mother of his kids have sex with someone for $200? What about all of the backlash he’s receiving for the shocking revelation? Should he have kept this between them? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: NBA YoungBoy Blasts Finesse2tymes For Sliding Into His Wife’s DMs: Watch

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Adrian Peterson Refutes Reports Of Financial Woes, Threatens Lawsuit

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Adrian Peterson has disputed reports that he is selling trophies and memorabilia from his storied NFL career due to financial troubles. Peterson said he is bank account was “just fine” in a video posted to social media. Reports had suggested that Peterson was selling items such as his 2007 Rookie of the Year trophy and his 2012 MVP trophy. Further reports suggested that was tied to a court-ordered $8.3M payment for a 2021 loan default. However, Peterson claims that the memorabilia was stolen by a company he contracted to handle it and is threatening to file a lawsuit.

Peterson last played in the NFL in 2021 but has not officially retired at this time. In 2022, he appeared in a boxing exhibition with Le’Veon Bell, in which he lost via knockout. That same year, he named the Rams, Bills, and 49ers as the three teams he would want to be signed with. However, at 38, it is likely that Peterson has played his final NFL game.

Read More: Cam Newton Reveals The One Team He’d Return To The NFL For

Who Is Adrian Peterson?

Born in Texas, Adrian Peterson was a standout prospect. He crossed the Red River for college, joining Bob Stoops’ Sooners’ program in Norman. After three stellar seasons, Peterson was taken seventh overall in 2007. Joining the Vikings, Peterson quickly became the prototypical running back of his era. However, his rise wasn’t without controversy. He was accused of child abuse for allegedly beating his young son. However, Peterson continued to play at an exceptionally high level. As mentioned, he captured Rookie of the Year in 2007 and the rare non-QB MVP title in 2012.

However, Peterson quickly found himself on the outside looking in after leaving Minnesota in 2016. He played for the Cardinals and Saints in 2017 before finding some stability with two seasons with the Commanders. After a year with the Lions, Peterson’s career ended with a split season in Tennessee and Seattle. Peterson currently holds the record for most running yards in a single game with 296.

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