For those of you who are just coming across Diego Pellicer, I would recommend you learn about the company. I've followed them since 2013 and have been purchasing shares since the beginning of this year.
Take a look at my previous post to understand more about them. This is the only real estate company who actually have operating dispensaries (1 in CO and 1 in WA). They grow and process their own cannabis of high quality which is sold through their stores. That means they control the supply chain on a lot of their inventory and thus can offer low prices on that product which is high quality.
They won dispensary of the year for 2017 in Colorado out of more than 50 dispensaries being judged. Their stores are beautiful and unique which added debt to have built out at $1M a location; however, go read reviews on Leafly and Weedmaps and you'll see they are highly regarded. Women in particular like their stores because they are beautiful and different to any other dispensary.
The more you take the time to learn about this company, the more you realize they are uniquely positioned to flourish, especially once the US Gov't gets out of the way and allows cannabis to be fully legal nationwide as Canada is doing this year. I bet it's legalized in the US within 6 months after Canada as big business does NOT want to lose out on billions of $$$$ to Canada and let them control the legal market.
Also, look at how the CEO exchanged pay for shares in 2017 and now 2018. They know they have something very unique and potentially very profitable. They have done their homework, know the right people both nationally and internationally to build this company into what the original founder Jamen Shively predicted. A world class cannabis retail chain that is equivalent to Starbucks.
At $.02/share this is WAY undervalued and will really take off at some point or they will be bought out. Hence the CEO and other directors are exchanging pay for chunks of shares. My bet is once legal, this company is sold for $.10-$.30/share within 90 days of that effective date.
Do your due diligence and really learn about this company. The more you take the time to learn, the more impressed you'll be and understand how uniquely positioned they are.
As stated prior, I don't work for Diego Pellicer. I am an investor who has followed this company, visited the store in Seattle as I live in the NW and understand what they are building.
GLTY!
AI
