SEATTLE and DENVER, April 4, 2016 /PRNewswire/ -- Diego Pellicer Worldwide (OTCQB: DPWW), a real estate and a consumer retail development company that is focused on developing Diego Pellicer as the world's first premium marijuana brand by adhering to the highest quality and standards for its facilities and its branded cannabis and non-cannabis products, announces the grand opening celebration of their flagship retail store in Seattle on May 4, 2016. A short video detailing the Diego Pellicer roll-out is available here.
"This grand opening is the culmination of several years of diligent work by our savvy, experienced executive team," said Ron Throgmartin, Diego's CEO. "This represents the initial step in the roll-out of our retail locations in those states where recreational and medical cannabis retail are a legal, burgeoning market, and serves to exemplify our unique business model that adroitly addresses the immediate hurdles in front of entrepreneurs in the cannabis industry, while simultaneously incorporating provisions for shareholder value creation as various federal regulatory restrictions are anticipated to be lifted in the future."
The company's initial focus is to acquire and develop legally compliant real estate locations for the purposes of leasing them to state licensed companies in the cannabis industry. If, as anticipated, federal regulations are lifted, DPWW through it's future acquisition agreements (where permitted by state law) with select tenants, will acquire ownership of the retail operations, securing the revenue stream and opportunities for expansion for DPWW shareholders.
The Company is hosting a Media Day as part of the grand opening and inviting all members of the media to explore the luxurious facilities. In addition, DPWW is sponsoring a Cannabis Thought Leader Series™, hosted by Small Cap Nation, featuring leading experts in the cannabis field, discussing various elements of the medical and recreational cannabis sector and how entrepreneurs and investors are able to navigate these rapidly changing markets. To find out more about the series, please contact Mike Mcloughlin at address below. The video programming will be featured on key media and financial programs and platforms.
The company's second, branded retail location in Denver, Colorado is in the final stages of tenant improvement and build out and is anticipated to open in the third quarter of 2016.
About Diego Pellicer Worldwide
Diego Pellicer Worldwide Inc. is a real estate and a consumer retail development company that is focused on developing Diego Pellicer as the world's first "premium" marijuana brand by adhering to the highest quality and standards for its facilities along with both cannabis and non-cannabis products. The company's initial focus is to acquire and develop legally compliant real estate locations for the purposes of leasing them to state licensed companies in the cannabis industry. Diego does not grow or sell marijuana or marijuana infused products in the early stages of the plan.
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SOURCE Diego Pellicer Worldwide Inc.