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Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) Reports Revenues from First of Three Facilities in Colorado

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Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) has reported that the first of its three facilities in Colorado have begun generating revenue, while the other two are still scheduled to come online in the next few months. Although a consumer retail and real estate company, DPWW mainly focuses on the development of Diego Pellicer, which is a premium cannabis brand.

DPWW disclosed that it has generated over $72,000 from the CO cultivation facility, located on Jason Street. The facility has been operational for the last 6-months. Moreover, the lease agreement also contained an escalator clause, which will become effective from the current month. As such, the company expects that production revenues from the facility would almost triple to $32,000 per month.

The CEO of Diego Pellicer, Ron Throgmartin, stated that the company is growing as expected and as are the corporate development plans. Regarding the facilities, the CEO stated that he was pleased with the progress the tenants were making and he believed that they would exceed the management’s expectations. Mr. Throgmartin also stated that the market was quickly accepting the company’s business model. He also disclosed that the next three facilities would be rolled out in Colorado and Washington.

Diego Pellicer is also planning to launch its first retail store in Seattle, on May 4, 2016. The store would serve as the flagship outlet for company products. The CEO revealed that plans for the store had been in the pipeline for several years. The opening on May 4, would mark the first step to the complete rollout of retail locations for the Diego Pellicer brands. Mr. Throgmartin also disclosed that the initial goal of the company is to open retail locations, which are in compliance with state laws, which would be leased to licensed companies from the cannabis industry.

Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) lost 2.61% of its share value, to reach a close at $0.710 per share, at the end of the April 25 trading session, after having a trade volume of 9,102.

Business

Valens Groworks Corp (OTCMKTS:VGWCF) Establishes Offices In Toronto In Expansion Efforts

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Valens Groworks Corp (OTCMKTS:VGWCF) seeks to engage in significant geographic expansion. It has set up offices in downtown Toronto which it terms part of its business evolution. This company prides itself in its state of the art operations and also its highly advanced product portfolio. Operating in the new and high-value markets around the globe, the technical expertise of the company is a progressive factor. It seeks to dominate the market and also fetch high revenues as it progresses with its business operations.

Company objectives

The establishment of the offices in Toronto will see the company easily grasp international business opportunities. Leaders in the company hope they succeed at retaining their topmost talent and also effectively manage their customer relationships.

Proper coordination of the company’s global operations is a significant ingredient of its business growth and expansion. Valens Groworks also seeks to increase access to theinstitutional investment community, which also supports businesses a huge deal.

Robson’s thoughts

The CEO of Valens, Tyler Robson, has spoken about the company developmental plans. The establishment of a top-notch operational platform in Kelowna has been termed a good thing by the official. He thinks of it as an important and rather exciting milestone as they continue advancing their business. He also spoke about the company’s plan to accelerate its business operations into new areas.

Valens Groworks is placing itself on the path towards success by the act of putting up a base in Toronto. The move will see the company gain easier access to the institutional investment community.

One of the most recent developments was the entry of Valens Groworks into the OTC Markets Group. The EVP of Corporate Services at OTC Markets Group Jason Paltrowitz welcomed the company outlining that it had arrived in the best market. The company graduated from the OTCQB Market to OTCQX Market. The top official added that the company would gain in terms of attaining more visibility. It would also build a great deal on its shareholder value in the ever dynamic public market. Paltrowitz congratulated the company wishing it the best in all its business endeavors.

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International Cannabrands Inc (OTCMKTS:GEATF) Announces Its First Distribution From Riotus SODO LLC

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International Cannabrands Inc (OTCMKTS:GEATF) has thanked an entity named Riotus SODO LLC. This is after the company received the first distribution from the leading entity. An official working with International Cannabrands said that currently, they have an investment of about (20.6% in the entity. That translates to about $12,990.

Latest business developments

In the company’s press release dated August 16 and 29, 2018, it was clear that it made an investment totaling to $500,000.Analysts said that this was a show of great confidence of the company in the fast-rising entity.

International Cannabrands wished for the best. It expected that by the start of July it would be receiving its first payment. The company expects to be receiving its monthly cash distributions on time.

In a statement, the company revealed that it would be giving clear reports on the aggregate distributions that it will be obtained from the entity. It will give the reports quarterly.

The company’s CEO Steve Gormley opines, “We are extremely pleased that RIOTUS continues to reach milestones on time and under budget, and that it has met its projected distribution date. We expect that this investment will continue to materially increase the company’s earnings.”

He added that their main point of focus would be to increase their cash flow in most of their business operations. According to him, RIOTUS serves them with an ideal platform that will see their product expand a huge deal.

The letter of intent (“LOI”) with Albert Einstone’s LLC

The other development is the entry of the business giant in a letter of intent (“LOI”) with Albert Einstone’s LLC. This is a cultivation and manufacturing company based in California that prides itself in having high-end indoor warehouses. Most of them are situated in downtown Los Angeles.

Gormley says that they are speaking with the same voice with his team in the company. All of them are pleased to strike the partnership with AE and seek to take advantage of the company’s highly sophisticated operations. They also believe that the pristine facility has more to offer than meets the eye. The official says the extension of the company’s brand distribution footprint will help them generate higher revenues.

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Namaste Technologies Inc (OTCMKTS:NXTTF) And Eroll Grow Tech Ltd Agree On Marketing And Distribution Deal

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Namaste Technologies Inc (OTCMKTS:NXTTF) announced on Thursday that it signed a marketing and distribution deal with Eroll Grow Tech Ltd, a subsidiary Seedo Corp (OTCMKTS:SEDO).

The marketing and distribution deal between the two companies will allow Eroll Grow Tech to market products that exist under the Seedo Home Grow brand through Namaste online marketplace.  The products include Seedo’s fully automated devices that are designed to help customers grow plants with ease in their homes and the two firms will target Namaste’s global clientele. The devices can facilitate the growth of a variety of plants including hemp, flowers, fresh herbs, and vegetables.

“This innovative and ground-breaking product is a great addition to Namaste’s marketplace,” stated Namaste Technologies’ interim CEO, Meni Morim.

 The CEO also added that the goal of the marketing and distribution agreement is to provide a personalized and unique experience for users that want innovative solutions. Morim also revealed that the Seedo home grow devices are ready for the European market and that they will also be launched on Namaste’s outlets in Canada very soon.

Zohar Levy, the CEO of Seedo revealed that his firm was excited about the partnership because Namaste has a lot of experience with distribution in the cannabis industry. Levy also noted that his company is currently targeting new market segments and that it is also on a global expansion mission. The Seedo products will be available on Namastevapes.ca and CannMart.com in Q3 2019, thus expanding their availability in more regions across the globe.

Namaste Technologies announces reshuffle in its board of directors

Namaste also announced a week ago that there were some changes to its board of directors.  The company announced the immediate exit of Kenneth Ngo, its current Chief Financial Officer from the board of directors.

Morim expressed gratitude to Kenneth for the service rendered to the company during his tenure as a board member since December 2018 the Namaste CEO also noted that Kenneth decided to relinquish his position as a Board member. Morim also noted that Andy Wilczynski and Ken Jones have been appointed as new members in Namaste’s board of directors.

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