Diego Pellicer Worldwide, Inc. Announces Best Quarter In Company’s History For Denver Licensee

Diego Pellicer Worldwide, Inc. Announces Best Quarter In Company’s History For Denver Licensee

Diego Pellicer – Colorado reports record-breaking sales for the second quarter of 2020

RENO, Nev. (July 9, 2020) – Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), a premium marijuana brand and retail development company, today announced that its Denver licensee reported its 2020 second quarter fiscal results with a 24 percent increase in year-over-year gross receipts and 38 percent increase over the first quarter of 2020.

“High quality products, incredible value and outstanding customer service in a clean and socially distant, world-class environment make for a winning formula. These second quarter numbers are impressive and a testament to the power of the Diego Way,” said Nello Gonfiantini III, chief executive officer, Diego Pellicer Worldwide, Inc. “We’re very pleased that customers continue to turn to Diego Pellicer for a premium experience and applaud all the employees for their diligence in providing a safe shopping environment that’s compliant with state and federal guidelines.”

During the COVID-19 pandemic, the state of Colorado has permitted cannabis dispensaries to remain open as an essential service. Diego Pellicer – Colorado has implemented strict protocols according to state and federal guidelines that include social distancing, frequently sanitizing surfaces and order-ahead services via the Diego Pellicer App. To ensure no more than 10 people are in the store at one time, an innovative text message service notifies customers waiting outside in their cars, when a budtender can welcome them.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)

Diego Pellicer Worldwide, Inc. is a premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to acquire and manage high-end, turnkey cannabis retail stores, cultivation and manufacturing facilities. DPWW is executing on its long-term vision to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

CONTACT: Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com
WEBSITE: www.diego-pellicer.com; co.diego-pellicer.com

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Diego Pellicer Worldwide, Inc. Announces Denver Licensee Is On Track Again For Record Monthly Sales

Diego Pellicer Worldwide, Inc. Announces Denver Licensee Is On Track Again For Record Monthly Sales

Diego Pellicer – Colorado is on target for best month in company’s history, while adhering to COVID-19 healthy and safety social distancing guidelines.

RENO, Nev. (May 19, 2020) – Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), a premium marijuana brand and retail development company, today announced that its Denver licensee is again projecting record-breaking sales for both its West Alameda and Broadway locations. May is on track to be the West Alameda location’s best month ever, beating its previous monthly record by 18 percent. The newly-remodeled Broadway location is projected to nearly double its sales over the month of April.

“During these unprecedented times, such strong sales are further evidence that Diego Pellicer is a solid brand with a strong strategy for the competitive cannabis marketplace,” said Nello Gonfiantini III, chief executive officer, Diego Pellicer Worldwide, Inc. “Diego locations offer a winning combination of high-quality, affordable products and world-class service in an outstanding shopping environment. Today, part of that outstanding shopping environment is ensuring adherence to CDC, state and local guidelines for health and safety.”

In addition to record-breaking monthly sales projections, Diego Pellicer – Colorado is reporting an increase in average ticket sales as well as an increase in the number of customers per month, all while maintaining social-distancing practices.

 Exotics and Order-Ahead Drive Growth

Diego Pellicer fosters relationships with quality cultivators and producers. As such, dispensaries are able to offer an unparalleled selection of exotics, tailored to an evolving customer palette and cannabis connoisseurs. Customers will find an extensive selection of exotics at both the West Alameda and Broadway locations.

In keeping with CDC and Colorado Department of Public Health and Environment guidelines, Diego Pellicer – Colorado has implemented strict protocols for health and safety. Among many measures, customers are encouraged to order ahead for express pick up at the location. Employees and customers must wear masks inside the store. For those without a mask, single-use masks are provided free of charge. Clear, acrylic screens have also been installed in front of checkout stations in addition to frequently sanitizing surfaces.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)

Diego Pellicer Worldwide, Inc. is a premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to acquire and manage high-end, turnkey cannabis retail stores, cultivation and manufacturing facilities. DPWW is executing on its long-term vision to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

CONTACT:             Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

WEBSITE:               www.diego-pellicer.com; co.diego-pellicer.com

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Diego Pellicer Worldwide, Inc. Projects Record-Breaking Gross Sales In March For Denver Licensee

Diego Pellicer Worldwide, Inc. Projects Record-Breaking Gross Sales In March For Denver Licensee

Diego Pellicer – Colorado projecting double-digit, year-over-year sale increase

RENO, Nev. (March 24, 2020) – Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), a premium marijuana brand and retail development company, today announced that its Denver licensee is projecting record-breaking sales in March with a 15 percent year-over-year increase.

“Diego Pellicer – Colorado has done it again, implementing a winning strategy to provide quality cannabis, celebrated budtenders and a world-class shopping experience to its customers. Leading the charge is the West Alameda Avenue location with its outstanding selection of affordable, sought-after marijuana including hard-to-find exotics,” said Nello Gonfiantini III, chief executive officer, Diego Pellicer Worldwide, Inc. “We look forward to bringing the Diego way to the rebranded Broadway store with its new look unveiling  in April.”

Implementing Strict Protocols for Health and Safety

As the world faces the COVID-19 crisis, Diego Pellicer – Colorado has implemented strict protocols according to state and federal guidelines to minimize risks. Some of these measures include social distancing, frequently sanitizing surfaces and order-ahead services via the Diego Pellicer App.

To ensure no more than 10 people are in the store at one time, an innovative text message service notifies customers waiting outside in their cars, when a budtender can welcome them. The state of Colorado has permitted cannabis dispensaries to remain open as an essential service. Diego Pellicer – Colorado will continue to monitor and follow CDC, state and federal guidelines.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)

Diego Pellicer Worldwide, Inc. is a premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to acquire and manage high-end, turnkey cannabis retail stores, cultivation and manufacturing facilities. DPWW is executing on its long-term vision to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

# # #

CONTACT:             Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

WEBSITE:               www.diego-pellicer.com; co.diego-pellicer.com

 

Diego Pellicer Takes Home Top Honor as “Business Of The Year” at The 2019 International Cannabis Business Awards, “CBA Globes”

Diego Pellicer Takes Home Top Honor as “Business Of The Year” at The 2019 International Cannabis Business Awards, “CBA Globes”

Las Vegas, Nev. (Dec. 12, 2019) – Diego Pellicer Worldwide, Inc. (OTCQB: DPWW) the premium marijuana brand and management company, today announced that Diego Pellicer was awarded the top honor as Business of the Year at the 2019 International Cannabis Business Awards in Las Vegas on Tuesday night. Diego Pellicer received the prestigious CBA Globe Award beating out tough competition including Benzinga, NuWu, Precision Labs and Tilray.

“This is quite the honor for Diego,” said Nello Gonfiantini, CEO of Diego Pellicer Worldwide, Inc. “The CBA Globes are the penultimate in the cannabis industry. Being celebrated as the business of the year underscores the power of Diego’s progressive business model and demonstrates that the industry also recognizes Diego’s business leadership.”

CBA Globes Presented at Exclusive Event in Las Vegas

The CBA Globe award was presented to Nello Gonfiantini, CEO of Diego Pellicer Worldwide, Inc. and Neil Demers, CEO of Diego Pellicer Colorado, at an exclusive black tie event at the Hakkasan in Las Vegas on December 10, 2019. The evening event was packed with the top business executives, trailblazers and thought leaders in the cannabis industry.

“The CBA Globes are the premier awards of the cannabis industry,” said Demers. “We are truly honored to be recognized for our business leadership. While we have known the power of Diego’s business model driven by a world-class customer experience, it’s outstanding to see our peers recognize it as well.”

Topping the 2018 CBA Globes

Just one year prior in Denver, Diego Pellicer took home two Cannabis Business Awards, receiving two CBA Globe awards in the sought-after categories of retail and branding. Diego Pellicer was awarded “Most Valuable Brand of the Year” topping tough national competition including MedMen™, The Clinic, Lightshade and Olio. Diego was also honored as the “Best Retail Center,” defeating other highly regarded names including LiveWell, The Clinic, The Green Solutions, Euflora and Kind Love.

CBA Globes

Since 2011, Chloe Villano and Clover Leaf have been producing the Cannabis Business Awards to honor cannabis professionals deserving of historical recognition and esteemed accolades for industry progression and innovation. The Cannabis Business Awards are presented to cannabis industry businesses, individuals and organizations in both medical and recreational sectors, as well as ancillary industries.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)

Diego Pellicer Worldwide, Inc. is the premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to develop and manage high-end, turnkey cannabis retail stores and grow facilities. When federally legal, DPWW is positioned to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

CONTACTS:           Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

Neil Demers, Diego Pellicer Colorado, 720-937-9073, neil@diego-pellicer.com

URLS:                      www.diego-pellicer.com; www.cbaglobes.com

 

Diego Pellicer Plans to Become a Fully Integrated Cannabis Company

Diego Pellicer Plans to Become a Fully Integrated Cannabis Company

The company has announced several letters of intent to purchase retail, manufacturing and cultivation assets in Colorado.

October 3, 2019

Colorado Gov. Jared Polis signed H.B. 19-1090 into law this past summer, opening the door for outside investment and ownership opportunities in the state’s cannabis market, and Diego Pellicer is in turn launching an M&A strategy to take its business to the next level.

The company, which primarily functions as a cannabis brand and development company, has announced letters of intent to purchase a series of yet-to-be-named assets in Denver: a 3,300-square-foot retail store, a 2,287-square-foot cannabis-infused product manufacturing facility and two cultivation facilities with a total of just under 30,000 square feet of grow space.

“We have a series of assets that we are pursuing currently, both the ones we’ve announced and ones that are still in the pipeline,” Diego Pellicer CEO Ron Throgmartin told Cannabis Business Times. “We’ve been patiently waiting for the Colorado market to open up business to publicly traded companies, which we are on the OTCQB. We’ve had very close ties in the marijuana industry … in Colorado but we’ve never, until the recent passage of H.B. 1090, had the opportunity to directly profit from the sale of marijuana, and this is a major shift for Diego Pellicer.”

Read more…

Diego Pellicer Worldwide, Inc. Executes Letter of Intent to Purchase a Second Cannabis Cultivation Facility in Denver

Diego Pellicer Worldwide, Inc. aggressively advancing its business model into direct ownership

DENVER (Sept. 25, 2019) – Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), the premium marijuana brand and development company, today announced that it has executed a letter of intent to purchase a second cannabis cultivation facility in Denver. The fully upgraded, 16,279 square-foot cultivation facility produces approximately 2,650 pounds of medical and recreational cannabis per year.

“We have been aggressively implementing our new business model which includes direct ownership in cannabis operations. Diego Pellicer Worldwide has announced letters of intent to purchase a retail location, processing facility, a cultivation facility and now, this second cultivation facility,” said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. “With this second facility, Diego Pellicer Worldwide will have more than 29,000 square feet of space producing more than 4,500 pounds of cannabis each year. We look forward to working with the Colorado Marijuana Enforcement Division to garner approval for Diego Pellicer Worldwide to become a fully licensed cannabis company.”

The letter of intent for the first cannabis cultivation facility in Denver was announced on Sept. 10, 2019. That modern, 13,000 square-foot cultivation facility produces approximately 2,000 pounds of cannabis per year.

The non-binding letter of intent is subject to compliance with the Colorado Marijuana Enforcement Division and House Bill 19-1090. The letter of intent will be followed by a contract once rulemaking for Colorado House Bill 19-1090 has concluded and the Marijuana Enforcement Division has issued regulations guiding the process for public companies and out-of-state investors to apply for cannabis licensing ownership. The completed regulations and application process are expected in November 2019 after the final public comment hearing is held on Oct. 8. Diego Pellicer Worldwide, Inc. has been actively engaged in the rulemaking workgroups, working alongside other stakeholders to assist and help complete the rulemaking process.

A Premium Diego Pellicer Cannabis Experience Begins with Outstanding Products

Diego Pellicer branded stores feature the finest products, concierge quality service in an approachable, world-class environment. Diego Pellicer elevates the cannabis shopping experience featuring premium products both cultivated and selected by experts, ensuring that no matter the location, customers can count on Diego Pellicer to deliver the same exceptional customer service, premium cannabis and competitive pricing.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)

Diego Pellicer Worldwide, Inc. is the premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to develop and manage high-end, turnkey cannabis retail stores and grow facilities. When federally legal, DPWW is positioned to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

# # #

CONTACTS:           Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

Nello Gonfiantini, Diego Pellicer Worldwide, Inc., 775-690-2188, nello@diego-pellicer.com

 

WEBSITE:               www.diego-pellicer.com

Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase A Marijuana Infused Products Facility In Denver

Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase A Marijuana Infused Products Facility In Denver

Intent to purchase the facility is an integral component in the company’s commitment to become a vertically integrated cannabis company.

News provided by

Diego Pellicer Worldwide, Inc.

Sep 17, 2019, 09:09 ET

DENVER, Sept. 17, 2019 /PRNewswire/ — Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), the premium marijuana brand and retail development company, today announced that it has executed a letter of intent to purchase a marijuana infused product (MIP) manufacturing facility in Denver. The 2,287 square-foot facility is a brand new, state-of-the-art, division 1/class 1 facility with an office and walk-in vault.

“From cultivation and manufacturing to medical and recreational sales, this latest LOI is a strategic acquisition in our expanded business model  as we become a fully, vertically integrated marijuana company,” said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. “Pending approval from the Colorado Marijuana Enforcement Division, Diego Pellicer Worldwide, Inc. will be able to manufacture premium concentrates and marijuana infused products within its own facility, to ensure only the very best premium marijuana infused products are being offered for sale in our world-class retail locations. This is truly a monumental step forward for the company and a blueprint for expansion of our business in states where public company ownership of medical and recreational cannabis operations are permitted by state law.”

The non-binding letter of intent to purchase the MIP is subject to compliance with the Colorado Marijuana Enforcement Division and House Bill 19-1090. The letter of intent will be followed by a contract once rulemaking for Colorado House Bill 19-1090 has concluded and the Marijuana Enforcement Division has issued regulations guiding the process for public companies and out-of-state investors to apply for cannabis licensing ownership. The completed regulations and application process are expected in November 2019 after the final public comment hearing is held on Oct. 8. Diego Pellicer Worldwide, Inc. has been actively engaged in the rulemaking workgroups, working alongside other stakeholders to assist and help complete the rulemaking process.

Marijuana Infused Production Facility and Equipment
Included in the letter of intent to purchase the MIP is an extensive list of equipment including a cannabis extraction machine with a recovery pump, fumigation hoods, rotary evaporator, rosin press, isolated grind room/flower preparation room, vacuum oven and more.

Premium Quality from Seed to Sale
Diego Pellicer branded stores feature the finest products and concierge quality service in an approachable, world-class environment. Diego Pellicer elevates the cannabis shopping experience with premium products both cultivated and selected by experts, ensuring that no matter the location, customers can count on Diego Pellicer to deliver the same exceptional customer service, outstanding cannabis and competitive pricing.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)
Diego Pellicer Worldwide, Inc. is the premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to develop and manage high-end, turnkey cannabis retail stores and grow facilities. When federally legal, DPWW is positioned to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement
Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

CONTACTS:

Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

Nello Gonfiantini, Diego Pellicer Worldwide, Inc., 775-690-2188, nello@diego-pellicer.com

WEBSITE:

www.diego-pellicer.com

SOURCE Diego Pellicer Worldwide, Inc.

Special Report: Cannabis Researchers, Scientists Confront Vaping-Related Lung Disease Debate

Special Report: Cannabis Researchers, Scientists Confront Vaping-Related Lung Disease Debate

Vitamin E acetate, terpene content and the illicit market are in the spotlight, but plenty of unanswered questions remain.

September 10, 2019

At Diego Pellicer in Denver, Colo., dispensary employees are confronting the question that’s landed on the doorsteps of all cannabis businesses in recent weeks: How should the legal cannabis industry engage the sudden rise in vaping-related illnesses in the U.S.?

With five reported deaths, more than 450 other cases of vaping-related illnesses in 33 states and a rollicking series of headlines in national news media, cannabis business owners and scientists are educating a general public—and an industry—that’s not yet entirely informed on vape technologies, the bioactivities of molecules and compounds in vape products and the disparities between the legal and illicit cannabis markets (and the popular e-cigarette market).

Nick Jack, chief retail officer of Diego Pellicer, says that it’s not so much the potential sales hit that has his company worried—rather, it’s the public education gap that’s become clear this summer.

“We are working with our staff to ensure they understand the testing and regulatory procedures that recreational and medical cannabis oil companies must go through before their products are available on our shelves,” Jack says. “It’s important that we’re able to educate the consumer on product safety and regulatory guidelines that help reduce the chance of an unsafe product reaching the market.”

Read more.

Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase Cannabis Cultivation Facility In Denver

Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase Cannabis Cultivation Facility In Denver

Strategic move comes on the heels of news to purchase a cannabis retail location in Denver: Diego Pellicer Worldwide, Inc. advances into direct ownership and operations in cannabis.


News provided by

Diego Pellicer Worldwide, Inc.

Sep 10, 2019, 09:08 ET

DENVER, Sept. 10, 2019 /PRNewswire/ — Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), the premium marijuana brand and development company, today announced that it has executed a letter of intent to purchase a cannabis cultivation facility in Denver. The 13,000 square-foot cultivation facility produces approximately 2,000 pounds of cannabis per year.

“Our intent to purchase this cultivation facility complements our intent to purchase the retail location which we announced last week. We have been evolving our business model, fulfilling our commitment to become a vertically integrated premium cannabis company,” said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. “We look forward to working with the Colorado Marijuana Enforcement Division to garner approval for Diego Pellicer Worldwide to become a fully licensed cannabis company, including the retail operation and now, this cultivation facility.”

The non-binding letter of intent is subject to compliance with the Colorado Marijuana Enforcement Division and House Bill 19-1090. The letter of intent will be followed by a contract once rulemaking for Colorado House Bill 19-1090 has concluded and the Marijuana Enforcement Division has issued regulations guiding the process for public companies and out-of-state investors to apply for cannabis licensing ownership. The completed regulations and application process are expected in November 2019 after the final public comment hearing is held on Oct. 8.

Diego Pellicer Worldwide, Inc. has been actively engaged in the rulemaking workgroups, working alongside other stakeholders to assist and help complete the rulemaking process.

A Premium Diego Pellicer Cannabis Experience Begins with Outstanding Products
Diego Pellicer branded stores feature the finest products, concierge quality service in an approachable, world-class environment. Diego Pellicer elevates the cannabis shopping experience featuring premium products both cultivated and selected by experts, ensuring that no matter the location, customers can count on Diego Pellicer to deliver the same exceptional customer service, premium cannabis and competitive pricing.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)
Diego Pellicer Worldwide, Inc. is the premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to develop and manage high-end, turnkey cannabis retail stores and grow facilities. When federally legal, DPWW is positioned to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement
Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

CONTACTS:      

Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

Nello Gonfiantini, Diego Pellicer Worldwide, Inc., 775-690-2188, nello@diego-pellicer.com

SOURCE Diego Pellicer Worldwide, Inc.

 

Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase Denver Cannabis Retail Operation

Diego Pellicer Worldwide, Inc. Executes Letter Of Intent To Purchase Denver Cannabis Retail Operation

Latest strategic move is consistent with Diego Pellicer’s commitment to evolve the company’s business model

Diego Pellicer Worldwide, Inc.

Sep 04, 2019, 09:06 ET

DENVER, Sept. 4, 2019 /PRNewswire/ — Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), the premium marijuana brand and development company, today announced that it has executed a letter of intent to purchase a cannabis retail store in Denver. The 3,300 square-foot retail location is projected to have gross sales exceeding $8.5 million in 2019 and $9.5 million in gross sales in 2020.

“This is a critical milestone for Diego Pellicer Worldwide. The execution of the LOI in Colorado is the first step in the evolution of our business model. We are delivering on our commitment to become a vertically integrated premium cannabis company. We look forward to working with the Colorado Marijuana Enforcement Division to garner approval for Diego Pellicer Worldwide to become a fully licensed cannabis company, that includes direct ownership in cannabis operations,” said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. “For Diego Pellicer Worldwide to continue to grow, we need to pursue these new avenues of ownership as well as branded cannabis products that will be available at company stores and beyond its branded retail locations.”

The non-binding letter of intent is subject to compliance with the Colorado Marijuana Enforcement Division and House Bill 19-1090. The letter of intent will be followed by a contract once rulemaking for Colorado House Bill 19-1090 has concluded and the Marijuana Enforcement Division has issued regulations guiding the process for public companies and out-of-state investors to apply for cannabis licensing ownership. The completed regulations and application process are expected in November 2019 after the final public comment hearing is held on Oct. 8.

The Premium Diego Pellicer Cannabis Experience
Whether a new customer or a cannabis connoisseur, Diego Pellicer elevates the cannabis shopping experience, ensuring that no matter the location, customers can count on Diego Pellicer to deliver the same exceptional customer service, premium cannabis and competitive pricing. Diego Pellicer branded stores feature the finest products, concierge quality service in an approachable, world-class environment.

About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)
Diego Pellicer Worldwide, Inc. is the premium marijuana brand, retail and management company. In addition to its branded locations in Colorado, the company actively seeks to develop and manage high-end, turnkey cannabis retail stores. When federally legal, DPWW is positioned to become a national, vertically integrated cannabis company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.

Safe Harbor Statement 
Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

CONTACTS:

Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079, suzanne@fedorukinc.com

Nello Gonfiantini, Diego Pellicer Worldwide, Inc., 775-690-2188, nello@diego-pellicer.com

SOURCE Diego Pellicer Worldwide, Inc.