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Thursday, June 06, 2019 7:54:03 PM
1. Status of new CO store. He would only confirm it's still awaiting city of Denver approval and then they are a go. It will come.
2. Can DPWW acquire the dispensaries and transfer the revenue to the company balance sheet. He responded that both states (CO and WA) currently don't allow publicly traded companies to operate dispensaries. Sounds like CO could change this year so that could be very positive and may open the door to get the dispensaries revenue on DPWW's balance sheet.
3. I asked about how they plan to increase revenue while awaiting changes to cannabis rules. He responded they are continuing to look at opportunities that make sense but, didn't elaborate further.
He's invested in DPWW and has family/friends invested so he appears to be all in and wants DPWW to succeed. I actually think Nello may be better suited to run the company than Ron but that's just my thoughts.
You may want to reach out to Nello with specific questions (nello@diego-pellicer.com).
Peace.
CF
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