Greetings,
Amid the COVID-19 outbreak, we are diligently focused on the health of employees, customers, the community and the company.
The state of Colorado has permitted cannabis dispensaries to remain open as an essential service. Diego locations are implementing strict protocols for health and safety according to CDC, state and federal guidelines. Some of these measures include social distancing, frequently sanitizing surfaces and order-ahead services via the Diego Pellicer App.
During this time, customers continue to turn to Diego for quality cannabis and product expertise in a world-class shopping environment. Retail sales have gained momentum through the new year, with the West Alameda location in Denver projecting a strong, year-over-year increase in gross sales in March.
Another bright spot during this global crisis has been the progress of the Broadway location store prototype in Denver. It has remained open for business during both the remodel and as an essential service in Colorado. The re-branding is expected to be complete in time for 420. An update is available in this newsletter.
As Diego Pellicer Worldwide, Inc. pursues definitive agreements on its letters of intent to acquire retail, cultivation and processing facilities, the company has engaged FTI Consulting, a highly respected business advisory firm. FTI Consulting will ensure each acquisition is accurately valued and that it is a responsible transaction for the company and its shareholders.
Wishing you good health,
Nello Gonfiantini III - CEO
Diego Pellicer Worldwide, Inc., OTCQB: DPWW
Strong Sales In March For Diego Denver Licensee
Diego Pellicer – Colorado has done it again, implementing a solid strategy to provide quality cannabis, celebrated budtenders and a world-class shopping experience to its customers. Leading the charge is the West Alameda Avenue location with its outstanding selection of affordable, sought-after marijuana including hard-to-find exotics. Diego Pellicer Worldwide, Inc.’s Denver licensee is projecting robust sales in March during this challenging month.
“Customers continue to turn to Diego as an essential service during this difficult time. We take their trust very seriously and with great honor. Beyond providing outstanding service and affordable, premium cannabis, each location has taken great measures to ensure the health and safety of employees and customers,” said Nello Gonfiantini III, chief executive officer, Diego Pellicer Worldwide, Inc. “We look forward to bringing the Diego way, a quality product mix, world-class service and a refreshing environment to the re-branded Broadway store with its new look, unveiling in April.”
News from the Store Front: Diego Pellicer Worldwide, Inc. New Store Prototype Nears Completion in Denver
Spacious, inviting, modern, approachable and sophisticated are just some of the words used to describe the new Diego Pellicer Worldwide store prototype. Located at 2057 S. Broadway, the store is the first in the new, scalable Diego design system spearheaded by world-renowned architect Michael Rotondi and original Apple retail store creative team member Jill Savini.
“This is the future of cannabis dispensaries and a remarkable step forward in Diego Pellicer Worldwide’s evolved business model. It represents the company’s world-class branding model plus momentum into direct cannabis retail ownership and operations,” said Gonfiantini III. “We look forward to the Broadway location’s unveiling in April and the opportunity for a proper celebration when it is deemed safe by the CDC, state and federal officials.”
Sought-After Exotics, Grow-at-Home Clones and a Community Room
With the widely celebrated 420 occasion around the corner, the store will feature fully stocked shelves including sought-after exotic strains and flowers, clones for growing at home as well as a unique Community Room with views into cultivation rooms.
Rather than rows of pre-packaged, hard-to-see products, the exotics bar will house shelves of premium flower and genetics on full display in glass jars. A dedicated, knowledgeable budtender will weigh each customer’s order for a connoisseur experience, allowing each to see exactly what they have ordered.
In Colorado, customers are allowed to purchase small cannabis clones to grow at home. Elevating the experience, the Broadway location will offer a complete kit including nutrients and lights.
A unique element of the store is a Community Room with space for cannabis education and views into both a mature flower room as well as vegetative stage. This aspect is grand-fathered into the acquired location and an element store employees are planning to take advantage of for education and community engagement.
Diego Pellicer Worldwide, Inc. Commences Acquisition Strategy; Engages Global Business Advisory Firm FTI Consulting
Diego Pellicer Worldwide has initiated a recapitalization and acquisition strategy to take advantage of market opportunities in Colorado and throughout the United States. FTI Consulting, a highly respected business advisory firm, will assist Diego Pellicer Worldwide, Inc.’s management team as it enters into definitive agreements to acquire cannabis retail, cultivation and manufacturing operations.
“With potentially millions of dollars pending in acquisitions, we are working to ensure each acquisition is accurately valued and that it is a responsible transaction for the company and its shareholders,” said Gonfiantini III. “FTI Consulting works with 56 of the Fortune Global 100 companies offering services that manage change and mitigate risks. We’re thrilled that they will be providing their services to Diego Pellicer Worldwide, Inc. and look forward to working with them on current and future acquisitions.”
Safe Harbor Statement
Certain statements contained in this electronic newsletter 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.
Copyright © 2020 Diego Pellicer Worldwide, Inc., All rights reserved.
OTCQB: DPWW
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