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what’s the story señor I’m not seeing it
$DPWW Daily Chart - once she breaks 20EMA, will test 50MA and more IMO. So much room to run on the chart. This is a tiny mkt cap right now at ~$2M. Profitable company reported $1.86M in net income for March 2018 qtr. OS is around 165M and think float is 65-70M going off memory. Very small at these price levels. Any volume on the chart and she rockets IMO.
Looks shiny. I was wondering if you could add a few bullet points to summarize the investment for those short on time. I can provide some input for you if you like. But right now otc markets site is down for maintenance. I was thinking - include SS, especially float, net profit etc. lot of turds in otc land. This one is a gem and folks got to be able to see it imo.
Thoughts?
Someone tell Ron or Nello to start posting some new videos on YouTube. I’ll do same too.
Who is that ETRF guy trying to lighten up. Stupid retail tripping over each other for couple ticks when this will run pennies imo $DPWW
When mgt is dumping into the bid shorts just need to sit and relax. Shorting this stock is still a dangerous game but to each their own imo
Nice news out AH. $DPWW
Diego Pellicer Worldwide, Inc. Launches Diego Pellicer Management Company
Wholly owned subsidiary to provide opportunity for increasing revenue
NEWS PROVIDED BY
Diego Pellicer Worldwide, Inc.
15:15 ET
SEATTLE, Aug. 2, 2018 /PRNewswire/ -- Diego Pellicer Worldwide, Inc. (OTCQB: DPWW), the premium marijuana brand and retail development company, today announced that it has formed Diego Pellicer Management Company. The new company will license the upscale Diego Pellicer brand to qualified operators and receive royalty payments, while providing expertise in retail, product and manufacturing from Diego's accomplished management team with extensive industry experience.
"The cannabis market is evolving and so must Diego Pellicer Worldwide," said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. "Diego Pellicer Management Company provides an opportunity for Diego Pellicer Worldwide to develop an increasing revenue stream through licensing and royalties, while ensuring that carefully selected operators get the support they need for profitability and success using the Diego branding and retail system."
Taking Cannabis Retail to the Next Level
By elevating the customer experience, ensuring the product is deserving of the Diego Pellicer premium branding and maintaining competitive pricing, Diego Pellicer is establishing itself as the leader in the upscale market in the rapidly expanding cannabis space for licensed tenants and their customers with discerning tastes.
Diego Pellicer Management Company is actively seeking to work with licensed operators who are enthusiastic and qualified to ensure the brand's high caliber products, merchandising mix, assortment and world-class customer service.
From retail build-outs tapping an architecture system created by renowned architect Michael Rotondi, FAIA, and branding developed by original Apple store creative team member Jill Savini, each operator will be set up for success. In addition, operators will have ongoing access to employee training, store operations and expertise to help them navigate each state's cannabis regulations.
About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)
This one needs to reclaim 91¢ or else will keep drifting in downward channel.
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=142432645
Ceo is holding a bag here imo. He sure should know the value of co?
What idiot dumped into 65 bid
They’ve opening higher every day so that it’ll close as a red candle on daily. Ben watching games every day
Wrong. I’m on the bid. Put my money where my mouth is. Also I don’t trade under influence.
You can make her your own. Slap that ask
$DPWW just lazy math here but annualized earnings of 4¢ and very conservative multiple of 20 in a very large market at ground floor, I get pps of 80¢. We trade below $0.008. So that’s the opportunity imo.
I think many folks tend to forget that this is a profitable MJ company. In an industry where most companies and smoke and mirrors (see what I did there), numbers speak for $DPWW JMO.
Up 11%. Start to get noticed imo. $DPWW
Just a feeling that sellers are getting weak here but buyers need to step in. Stock still following the channel that I drew out weeks back. Interesting for sure. https://www.tradingview.com/x/adH9of5V/
I think next store expansion will be in Cali. Based on 8K language. Investor is based in SFO. So makes sense as well. $DPWW
Some DD on the investor who gave $DPWW $700K in last round -
https://www.sec.gov/Archives/edgar/data/1559172/000149315218010250/ex10-1.htm
They have no money. You probably put more money in their stock than they have on hand. Scary? Yes.
You answered your own question. Chart is weak. 91¢ will break imo. Indicators still bearish and this is summer. If 91 indeed does break you don’t know how low they will take her down. I know nothing about the co so not going to pretend that I do. But can go out on a limb and say that especially in a complex area like nuclear, odds are stacked to the gills against a small co like LTBR. I see this getting really cheap, before it goes back up perhaps a RS or so won’t surprise me. Now if that chart turns around and picks up momo, I’ll be sure to play it. Will be happy to come back here and eat my words. Have got no ego. Glty with your investment.
Yes. This sector going to start blowing up very soon into fall. Rising tide lifts all boats. Lot of money will be pumped into MJ tickers. Ceo knows what he is doing here imo. Or else he would have worked in his family business which has billions in valuation. He is no idiot to play this setup. All imo.
Nobody want those 6s? What a tough crowd here
Good point there. But any time they do they’ll get their 50% as long as chart is trending up. Hence best interest for them to run it after conversion. May be running out of posts for the day.
I too think locked up for two years or they won’t have 20¢ stipulation in there for nothing. If you do get a response from co please post here. I’ll do the same
Ron Throgmartin, CEO
Diego Pellicer - DPWW
Ron@Diego-Pellicer.com
They won’t do that. They have $700K our into this not mentioning the previous funding from the same investor presumably at much higher level. They’ll run this up
You should check DP W W. They’re the Apple stores of MJ. Literally. Or like Starbucks if you’re into coffee.
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 19, 2018
Diego Pellicer Worldwide, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 333-189731 33-1223037
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
9030 Seward Park Ave S. #501, Seattle, WA 98118
Registrant’s telephone number, including area code: (516) 900-3799
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
1.01 Entry into a Definitive Material Agreement;
1.02 Termination of a Material Definitive Agreement
2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant;
3.02
Unregistered Sales of Equity Securities
9.01 Financial Statements and Exhibits
On July 19, 2018, Diego Pellicer Worldwide, Inc. (the “Company”) and Diego Pellicer, Inc., the subtenant of the Company’s retail store in Seattle, Washington (“Diego Washington”) entered into a certain Option to Renew and a certain Amended and Restated Agreement and Plan of Merger (the “Merger” and the “Merger Agreement”, respectively).
Option to Renew .
This Option to Renew, dated July 19, 2018 (the “Option”) provides Diego Washington the right to continue to sublet the Company’s retail marijuana store located at 2215 4 th Avenue S, Seattle, Washington (the “Premises”). The Option provides Diego Washington the right to continue to sublease the Premises for an additional 5 years and establishes monthly rent at $24,000 and annual rent at $288,000. Due to Diego Washington’s commitment to renew and its other contributions to the Diego Pellicer brand, the Company forgave all back due rent and left-over build-out charges. All of the other terms and provisions of the original Sublease, dated March 1, 2014, not expressly modified in the Option remain in full force and effect.
Merger Agreement.
The Merger agreement restates, amends, replaces and supersedes that certain Agreement and Plan of Merger between the Parties, dated January 23, 2014. Pursuant to the principal terms of the Merger Agreement and subject to certain “Conditions Precedent”, upon the Company’s 60-day’s notice (the “Merger Notice”), Diego Washington shall merge with and into the Company for merger consideration of 2.5 times Diego Washington’s gross revenue for the most recently ended fiscal year with a minimum merger consideration value of $8,000,000. The merger consideration shall be paid 20% in cash and 80% in Company shares valued as the average price paid by public investors during the 20-day trading period immediately preceding the Merger Notice.
Conditions Precedent to the Merger.
In order to provide the Merger Notice, the Parties must establish that:
1 st : the production, processing and retailing of cannabis for recreational use in the United states becomes sufficiently legal for privately owned entities, and;
2 nd : Diego Washington or the Company receives written consent from the Washington State Liquor Control Board that Diego Washington, or its corporate successor, may continue to be a licensed cannabis retailer and/or own cannabis retail entities in the State of Washington while also maintaining shareholders, directors, officers and employees who are residents of states other than the State of Washington.
Notwithstanding these Conditions Precedent, either Party may challenge the Merger by demonstrating, by reasonable and substantial evidence made to the other Party, no later than 45 days after the Merger Notice, that any of its respective directors, officers, employees or stockholders is more likely than not to become subject to federal criminal charges as a result of the consummation of the Merger. In the event Diego Washington rejects the Merger due to any of the 2 above Conditions Precedent, the Company may submit a new Merger Notice any time 90 days following any such rejection. In addition to the customary terms and provisions found in agreements of this type, the Company has the right of first refusal to purchase Diego Washington, having 30 days to match any bona fide third party offer. Any shareholders of Diego Washington who reject the Merger consideration may dissent in accordance with the applicable laws, rules and regulations of the State of Washington.
The foregoing descriptions of the material terms and provisions of the Option and Merger Agreement do not purport to be complete and is qualified in its entirety by reference to the full text of these documents which are included as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
10.1 Option to Renew the Company’s Seattle, Washington Retail Cannabis Store.
10.2 Amended and Restated Agreement and Plan of Merger by and between the Company and Diego Washington.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Diego Pellicer Worldwide, Inc.
Date: July 25, 2018 By: /s/ Ron Throgmartin
Ron Throgmartin, CEO
Have asked that Q to Ron. No response yet. If you find answer let me know please
Time to break into top shelf granny’s recipe soon my friend.
Don’t do it.
This is going to go much lower. Don’t overcommit capital yet imo. Keep some dry powder. https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=141743096
Good luck to you too señor false profit. I’ve loaded my boat here. I’ve lost count how much I have. Will give her the time she needs to fully play out. Canada is around the corner. Summers are slow. This is the time to load and then watch money grow in account come fall imo.
This one has got eyes on her now imo. https://www.tradingview.com/x/9ti0immz/
Csti looks hungry for some shares. He moved up his bid of 100K - hopefully no idiot dumps into him. Keep him hungry Imo