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My point is, trying to value weed companies using any sort of logic right now doesn't work. Purely speculative market fueled by enthusiasm and dreams. Everything is a gamble, and valuations are guesses. Whoever is the current "favorite" gets the most money pumped into it. These stocks won't be trading by financials until well after U.S. decriminalization.
:shrug: I don't know, but I'm also not worried about it. Curaleaf has a $10b market cap right now. Diego has $25m. The OS could double and there would still be huge upside potential.
I agree with all of this
100% buy on Barchart https://www.barchart.com/stocks/quotes/DPWW/opinion
41.16M market cap in May 2016, share price would be ~$0.19 today. Looking at competition, I think we'll go higher.
Micro-cap price breakouts like today's tend to alert day-traders and trading bots. Vultures.
This sub .02 bid is pretty insulting, especially after today's news. Look at the chart. The moving averages alone support a continued upward trend, and the market cap for this stock is anorexic. The RSI at this point is meaningless for a stock that spent the last year continually oversold. We all know the strength and direction of this company. I just wish the options traders and trading bots would leave us along. It's really annoying.
Don't know if anyone saw this, thought it was hilarious.
https://www.businessinsider.com/gamestop-stock-short-seller-squeeze-losses-reddit-traders-citron-gme-2021-1
It's good that the open gap filled earlier than later. Gaps fill eventually, so congrats to those who bought the dip.
I'd say we did okay today. Not bad.
Good morning
Racing toward .02
People on the ask need to stop putting up walls and read the room. Most orders are between 25k and 50k shares. This ~1m share sell order is doing nothing but disrupting the trend.
Things will be much more exciting when we start moving by 1/10 instead of 1/100 of a cent.
Barchart opinion changed to buy. https://www.barchart.com/stocks/quotes/DPWW/opinion
Remember what this stock did at the end of 2018?
Sold all of their assets? No. Their licenses are still in place, and they're in the process of merging with two highly successful licensees, making the future of their business model fully seed-to-sale. They are acquiring assets.
Market cap is still ~$1m. Undervalued.
Nello apparently owns 20m restricted common shares. Nice to see he has some skin in the game. Can't imagine he'd choose to dilute his own holding, and the stock could make him rich if it performs well.
https://ih.advfn.com/p.php?pid=nmona&article=83896767
Morning! Dunno if you saw this from Friday...
http://www.globenewswire.com/news-release/2020/12/11/2143824/0/en/Diego-Pellicer-Awarded-Coveted-2020-CBA-Globes-For-Best-Dispensary-Center-And-MVPs.html
Good luck this week, and Happy Holidays!
I'm expecting some movement tomorrow. Friday PRs are a great way to attract new investors.
The email they sent out. I thought it was nice.
Cannabis Stock: Diego Pellicer [DPWW] Awarded Coveted 2020 CBA Globes For “Best Dispensary/Center” And MVPs
https://www.globenewswire.com/news-release/2020/12/11/2143824/0/en/Diego-Pellicer-Awarded-Coveted-2020-CBA-Globes-For-Best-Dispensary-Center-And-MVPs.html
DENVER, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Diego Pellicer Worldwide, Inc. (OTC Pink: DPWW) a premium marijuana brand and management company, today announced that its Colorado licensee took home three 2020 Cannabis Business Awards during a virtual awards ceremony on Thursday night. Diego Pellicer received a prestigious CBA Globe Award for “Best Dispensary/Center – Medical or Recreational” as well as two CBA Globes for MVPs: one to CEO of Diego Pellicer – Colorado Neil Demers and one to Chief Operations Officer Nick Jack.
“Congratulations to the outstanding team at Diego Pellicer – Colorado. The CBA Globes are the top honor in the cannabis industry,” said Nello Gonfiantini, CEO of Diego Pellicer Worldwide, Inc. “This recognition is a testament to the power of the Diego brand, operators, leadership, business model and customers.”
Voters nominated Diego Pellicer as “the best place to buy high-quality well-stocked products, with the best experience, and engage with educated and friendly staff,” as described by the CBA Globes nomination form. Diego beat out tough competition including Colorado Harvest Company, Euflora, The Green Solutions, Native, Roots and WolfPac. In addition, Diego Pellicer leadership were award two of the ten overall MVP awards for their valuable roles and work in cannabis.
“What an honor for our team,” said Neil Demers. “Diego Pellicer is committed to delivering a premium retail experience, and in these unprecedented times, it’s been a challenging year for everyone. We’ve all had to adapt, and I especially want to thank our amazing team on the front lines. They’ve continued to excel in serving the community throughout all of this and without them, winning these awards would not be possible. It’s also thanks to our community of Diego customers for their assistance during the evolving situation and for their part in keeping things safe and fun at the store.”
Four Consecutive Years of CBA Globes
Just one year ago in Las Vegas, Diego Pellicer was awarded a CBA Globe as “International Business of the Year.” In 2018, Diego Pellicer took home two CBA Globe Awards in the sought-after categories of retail and branding. That same year, 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” in 2018 and in 2017, the first year it had opened its doors in Denver.
About the Cannabis Business Awards
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. (OTC Pink Market: 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.
Suzanne Herrick, Fedoruk & Associates, Inc., 612-247-3079,
URLS: co.diego-pellicer.com; www.diego-pellicer.com; www.cannabisbusinessawards.com
Pretty low, I think. Only 198,432,057 shares currently outstanding with a bunch more authorized. The only reason I can think of that they might do that is to get the share price back above $0.01 in order to regain their QB market certification, but it would be cheaper and easier for them to just release news about the merger. They aren't actually too far away from $0.01 in terms of trading sessions.
He emailed me Tuesday morning to say that they are keeping an eye on the progress of federal legalization, in discussion over the details of their merger, and respectively working out the timing of a shareholder vote for the merger.
A change to the company's name sounds low on their list of priorities, but if they chose to do so, it would be part of the merger because it too would require a shareholder vote.
He CC'd a few of their board members in his email to me, so it's nice to know that he wasn't just blowing me off. It sounds like what's important to them right now is moving forward with the merger.
What I recommended to Nello and Chris was Diego Pellicer Premium Cannabis or Diego Pellicer Premium Marijuana. Anyway, my point was that the word "Worldwide" should be replaced with something more descriptive to the nature of their business, which is cannabis retail.
Market Cap / OS = PPS, DPWW is undervalued compared to similar companies' market valuation.
Update: Nello replied to let me know that they're considering it.
Great to hear that you're investing in companies that you believe in. I hope that they all do well. I'm still really excited to see Diego Pellicer one day take over the cannabis high-end retails space.
I've emailed Nello in the past about it, and also emailed Chris recently. When it comes to branding, every word takes up valuable real estate. You shouldn't waste it on words like "worldwide".
Get ready... I'm sure that Nello and Chris are discussing this stock's price today. I could guess at what they might be planning, but their focus is on getting PPS over $0.01 and keeping it there. If it were me, I'd issue a PR with their 2021 - 2022 roadmap, then kindle a fire by shrinking the float ~5%. This stock moves pretty quick with a little pressure, and a paced buyback paired with a forward looking statement could lob this over the mark in a single session.
I do have a general recommendation though, if anyone from the company looks at this board: Change the company's name to "Diego Pellicer Cannabis". The word "Worldwide" serves no real purpose, and having the word "Cannabis" in the name will attract investors.
It would be excellent timing for the company to issue a PR now with their 2021 objectives. I'm sure they've been cleaning up their balance sheet this year for a reason.
I really do like this company. As a rule, I won't invest in a security unless I support what they're doing. Helps to keep my hands steady when the stock isn't doing great.