Diego Pellicer Opens Million-Dollar Dispensary in Denver

Diego Pellicer Opens Million-Dollar Dispensary in Denver

Kate McKee Simmons
February 15, 2017

In some families, raising the cannabis plant is a time-honored tradition. Back at the end of the 1800s, farmer Diego Pellicer, who owned one of the largest hemp farms in the Philippines, made products for the Spanish navy. Over a century later, his great-grandson, Jamen Shively, founded a dispensary with his partner, Doug Anderson, and named it in honor his great-grandfather.

The first dispensary in the Diego Pellicer chain opened on October 15, 2016, in Seattle. The second opened in Denver on February 14. According to Ron Throgmartin, CEO of Diego Pellicer Worldwide, six more locations are in the works.

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High-end dispensary makes a play in Denver

High-end dispensary makes a play in Denver

BusinessDen

Amy Dipierro

February 14, 2017

The first dispensary Neil Demers owned, Mr. Stinky’s, had a skunk for a mascot.

The second, which the 31-year-old opened Tuesday at Federal Boulevard and Alameda Avenue, has oak cabinets and Doric columns meant to give off a different aroma – luxury.

“We built a really high-end store, which this market hasn’t had before,” said Demers, CEO of dispensary Diego Pellicer Colorado. “But we have competitive prices.”

The contrast between his first and second store is by design, Demers said: Diego Pellicer aims to make customers, especially women, feel at ease by outfitting its shops with sleek fixtures from the likes of Restoration Hardware.

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Global Cannabis Company Opens Denver Dispensary at Former Raid Site

Set to Revamp the VIP Cannabis Dispensary on Tuesday

DENVER, Feb. 10, 2017 /PRNewswire/ — Diego Pellicer, a global brand by Diego Pellicer Worldwide, LLC (OTCMKTS: DPWW), focused on the development and leasing of valuable locations for cannabis businesses, announces the grand opening of their Denver-based dispensary tenant, Diego PellicerColorado, on Tuesday, February 14th. The dispensary will open at the former site of VIP Cannabis, a dispensary that was raided in November of 2013 as part of the largest-ever federal raid against Colorado’s medical marijuana industry. The opening comes on the heels of the confirmation of Jeff Sessions as Attorney General of the United States.

Diego PellicerColorado’s location will open this Tuesday, with the ribbon cutting taking place at 9am MST. Located at 2949 W. Alameda Ave. in Denver, the $1 million dispensary will provide thousands of Denver residents with access to cannabis in an upscale, high-end location.

The building was formerly owned by VIP Cannabis, which was targeted by federal raids on suspicion of funneling money from Colombia to purchase a large warehouse for growing cannabis.

Diego PellicerColorado’s CEO, Neil Demers, commented, “We couldn’t be more excited to open this dispensary. The cannabis industry is growing at an unprecedented rate, and we’re extremely grateful to have the opportunity to help build Colorado’s statewide industry. We’re confident that state-specific administrations will continue to support the cannabis industry as the legitimate, profitable, and innovative space that it is.”

Diego Pellicer Worldwide, Inc. is a global company focused on the acquisition and development of legally compliant locations for the purpose of leasing to licensed operators engaged in the cannabis business. The organization profits from the lease payments of real estate holdings and from the sale of branded, non-cannabis products. Learn more at http://www.diego-pellicer.com/

Diego PellicerColorado is an independent brand licensee based out of Denver, CO focused on owning and operating legally compliant dispensary and grow operations. Learn more at https://co.diego-pellicer.com/

CONTACT:
Ethan Andersen
ethan@nisonco.com
732-207-6771

Diego Pellicer Worldwide Announces Business Update

Press Release: Diego Pellicer Worldwide Inc.

Nov 15, 2016, 09:29 ET

DENVER, Nov. 15, 2016 /PRNewswire/ — Diego Pellicer Worldwide, a real estate and consumer retail development company that is focused on developing the world’s first “premium” cannabis brand, today announced an update on the Company’s operations through the third quarter of 2016.

2016 Operational Update

Branded tenant Diego Pellicer Washington opened the 3,600 square foot freestanding flagship store in Seattle on October 16, 2016. The store has secured one recreational cannabis store license. The store is seeing week over week sales increases that average between 100-150%.
Diego Pellicer’s Colorado tenants have opened two cultivation facilities in Denver in 2016, Elizabeth Street and Jason Street.

The 18,500 square foot Elizabeth St Cultivation Facility has secured a total of six state cannabis licenses: two medical marijuana cultivation licenses, two recreational marijuana cultivation licenses, one infused medical products manufacturer license (Medical Processor License for edibles and concentrates), one infused recreational products manufacturer license (Recreational Processor License for edibles and concentrates). Wholesale recreational sales commenced in August of 2016 and the facility is anticipating its seventh harvest take down in December 2016.
The 13,000 square foot Jason St Cultivation Facility has secured two cannabis licenses: one medical marijuana cultivation license and one recreational marijuana cultivation license. Medical wholesale sales commenced in March 2016 and the facility will continue perpetual harvest take downs through December 2016.
Diego Pellicer’s Colorado tenant has also completed construction on its 3,300 square foot freestanding flagship retail store on West Alameda Avenue in Denver. The store has secured two cannabis licenses: one medical marijuana center license and one retail marijuana store license. Final inspections and licenses were issued on November 7th and the store is scheduled to open in December 2016.
Diego Pellicer Worldwide launched online retail accessory sales on October 16th.
Ron Throgmartin, CEO of Diego Pellicer Worldwide, stated, “2016 has turned out to be the watershed moment the cannabis industry and Diego Pellicer were hoping for. Following the elections last week, we were very pleased to see the impressive turnout and results across the country as citizens voted yes to legalize recreational cannabis in four states including California and Nevada with medical cannabis becoming legalized in three additional states, including Florida. These election results have allowed us to expand upon our growth strategy and move into larger target markets outside of Colorado and Washington as we aim to increase our market share and drive shareholder value.”

Throgmartin concluded, “We continue to see increasing sales figures across the board with our flagship Seattle store averaging 100-150% increases in weekly sales volume. Our tenant’s cultivation facilities in Denver are seeing increased wholesale results and we anticipate the flagship store in Denver to open in December 2016. Also, we are anticipating to be cash flow positive in the first quarter of 2017.”

The full third quarter 2016 report for Diego Pellicer will be available on the SEC website at https://www.sec.gov/.

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. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of Diego Pellicer review its filings with the Securities and Exchange Commission. 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.

Investor Contacts:
Todd Fromer

KCSA Strategic Communications

tfromer@kcsa.com

Original Press Release

Diego Pellicer Announces Leases of Two Grow Facilities in Colorado

SEATTLE, Aug. 16, 2016 /PRNewswire/ — Diego Pellicer Worldwide, Inc. (“Diego Pellicer” or the “Company”) (OTCQB: DPWW), a real estate and consumer retail development company that is focused on developing Diego Pellicer as the world’s first “premium” cannabis brand, today announces that the company has leased two facilities to grow operators in Denver, CO.

The grow facilities are licensed for both medical and recreational cannabis and are in excess of 30,000 square feet. The Jason Street grow facility is currently operating at 100 percent capacity while the Elizabeth Street grow facility is operating at 30 percent. The leases at both facilities are set to expire in 2020 and have five year options for renewal.

Ron Throgmartin, CEO of Diego Worldwide, stated, “The grow facilities we lease are best of class, allowing our tenants to compete from the start as they aim to become successful in this burgeoning industry. The cannabis industry is still in its early stages but through our unique commercial and retail business models we can substantially manage risk and generate leasehold revenue while capitalizing on the long term growth potential of the cannabis market. As our grow & retail tenants mature and demonstrate a track record of revenue generation and reliable cash flows, we will negotiate to acquire select tenants for equity and fully consolidate these businesses at attractive valuations, when State and Federal law permits.”

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