I think PBL went bankrupt, or sold out their stake in CXBL to Valken. GI and Valken aren't super chummy, especially after the hilarity of the paint stuff around Millennium (although that was HK benefitting).
Begin the paint wars have.
On a side note, didn't the Italia brothers Found PBL?Yes, PBL went down. CXBL won't last beyond this season. The Valken thing will kill it. They have tried to break into Canada previously, 4 times without success. You can't break Canada without Badlands distribution.