Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) has reported excellent sales for the period ending December 1, 2018. It has reported an increase of 150% in gross revenues.
Diego Pellicer has bagged awards like ‘Most Valuable Brand of the Year’ from tough competition posed by top players like Olio, Lightshade, The Clinic, and MedMen. It has been successful in beating the prominent names like The Green Solutions, The Clinic, Live Well, Kind Love, and Euflora to become Best Retail Center.
Chief Executive Officer of Diego Pellicer Worldwide Inc., Ron Throgmartin has said the company is growing at a fast pace along with the flourishing market for cannabis. The company is successful in featuring finest products and offers exceptional service. Its success is attributed to expertise and leadership. Diego Pellicer is planning to expand into retail locations such as California. It is also scouring the new markets.
Diego Pellicer Worldwide Inc Secures 2nd Store Location in Denver
Diego Pellicer Worldwide Inc has announced securing of 2nd store location in Denver. The store will get the license for the Diego Pellicer brand. CEO of Diego Pellicer said the company will develop the location to the same upscale style and optimistic that the Diego Pellicer Model will work.
The company is witnessing double-digit growth in Seattle, and Denver where it has existing stores. Diego Pellicer is hoping to achieve the same success in the new location.
Diego Pellicer Worldwide Inc Announces 20 to 1 Reverse Stock Split
Diego Pellicer Worldwide Inc has announced the launch of a twenty-to-one reverse stock split to comply with regulations and rules of the OTC markets. Following the implementation of the reverse stock split, the company will be able to execute the scalable business model. It also paves the way for quick expansion into twenty-nine states where the use of marijuana is legalized.
The Chief Executive Officer of Diego Pellicer commenting on the development said the market for cannabis has considerably changed. With changing trends in retail stores, cultivation processes and products, the business model adopted by the company will help to dominate the sector. Its licensed stores will continue to see an explosive growth going forward.