• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • News
  • Lifestyle
  • Wellness
  • Cuisine
  • Product Reviews
  • Subscribe
Cannabis News and Culture Magazine

Cannabis News and Culture Magazine

Cannabis News and Culture Magazine

Emerald Media News Subscription
  • Print Magazines
  • 100+ Minority-Owned Companies to Support
  • No Pipe, No Problem
  • Blunt vs. Joint
  • The Cost of Cannabis in Each State
  • Calculating Your Edibles Dosage
  • Flintts Mouthwatering Mints

Diego Pellicer Worldwide, Inc. Evolves Business Model For Cannabis Market

October 9, 2018 by Emerald Media Group Leave a Comment

This information was provided by prnewswire

Send your Press Release here.

Reverse stock split ensures listing compliance as company implements new business strategies

SEATTLE, Oct. 3, 2018 /PRNewswire/ — Diego Pellicer Worldwide, Inc. (OTCQB: DPWW) the premium marijuana brand and management company, today announced a 20-to-1 reverse stock split. The reverse split will ensure that the company is compliant with the rules and regulations of the OTC Markets: see, Form 8-K filed with the SEC on August 17, 2018. With the pending implementation of the reverse stock split, the company can fully execute its new, easily scalable business model, positioning DPWW for quick expansion into 29 additional states that have legalized some form of marijuana use. The reverse stock split is subject to approval of the Financial Industry Regulatory Agency (“FINRA”).

“No doubt. The cannabis market has changed significantly since the inception of Diego Pellicer,” said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. “We’ve seen shifting trends in cultivation operations, retail stores and products. We know this sector and we continue to evolve our business model to dominate in a more competitive market. Diego Pellicer’s licensed stores continue to experience sales growth in the country’s most aggressive retail markets by leveraging management’s extensive industry expertise and the premium Diego brand.”

Next Level Business Model: Premium, Trusted Brand
The Diego Pellicer model has evolved from a lease-based, landlord business into a national premium branding, licensing and royalties model. A significant advantage of this model is the ability to rapidly expand to new markets, establishing upscale company stores and offering the finest-quality products. The new model also includes developing exclusive, branded cannabis products that will be available at company stores and beyond its branded retail locations.

Diego Pellicer Management Company, a wholly owned subsidiary of Diego Pellicer Worldwide, Inc. that launched in August, provides turnkey operations including management expertise, personnel, technology, branding and marketing for any existing or future cannabis store in the United States. This ensures a consistent, luxury brand that customers can trust no matter their location.

Already, Diego Pellicer Management Company has proven successful. The Company negotiated additional rental income with its existing stores, increasing cash flow. This cash flow position reduces the need to borrow capital for operations making it possible for Diego Pellicer Worldwide, Inc. to focus on expanding the brand.

Filed Under: Press Release Tagged With: Press

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Advertise Here

Categories

Sustainability

seaweed naturals

SeaWeed Naturals Combines the Power of Seaweed with Cannabis to Further Ocean Restoration

April 3, 2022 By Maggie Horton

fungi climate change

Research Finds Fungi Help Ease Climate Change and Benefit the Environment

March 30, 2022 By Julia Meyer

climate crisis and the pandemic

“We Can Act:” What Bending the COVID-19 Curve Teaches Us About the Climate Crisis

April 21, 2020 By Melissa Hutsell

Footer

  • Subscribe
  • About
  • Contact
  • Privacy
  • Press

Recent

  • Up in Smoke: An Interview with Smoke Proper, the Trailblazing Cannabis Accessory Brand
  • Priscilla Vilchis and Lil Kim Launch Aphrodisiak: A Cannabis Brand Focused on Sensuality, Social Justice, and Inclusivity
  • First Latina CEO of a Cannabis Company Partners with Music Industry Trailblazer Lil Kim to Launch Aphrodisiak Brand
  • Aphrodisiak: The New Female-Led Cannabis Brand Empowering Women and Promoting Inclusivity
  • Las Vegas Welcomes Aphrodisiak

Search

Copyright © 2023 · The Emerald™ · News & Lifestyle Magazine

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Cannabis News and Culture Magazine
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.