SAN DIEGO, CALIFORNIA, Dec. 29, 2022 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, announced today that it has completed the acquisition of the remaining 75% interest in Rancho Costa Verde Development, LLC (“RCV”) for $13,500,000 paid through a combination of a promissory note, common stock and common stock purchase warrants.