There was a lot of speculation about this as of late, but it has finally been confirmed that iLoveMakonnen is no longer signed to Drake's OVO Sound label. He officially cut ties after releasing his latest Drink More Water 6 project under Warner Bros. Records last month. iLoveMakonnen originally signed with OVO Sound back in 2014 after Drake remixed his viral hit 'Tuesday,' turning it into the song of the summer. Read Makonnen's statement below:

"I cannot thank OVO, 40, Oliver, Future & Mr. Morgan, enough for all that they have done for my career. No words can express how much I appreciate Drake for being a part of the success of Tuesday. I’m sure the haters will have something negative to say, but all in all my choice to be solely on Warner Bros. Records was the right thing for me and for my best interest. Sorry there’s no beef to report, DRINK MORE WATER."