Diego Pellicer - Colorado Celebrates First Anniversary
Retail location's success proves Diego Pellicer Worldwide, Inc. business model
DENVER, Feb. 14, 2018 /PRNewswire/ -- It's Valentine's Day and Diego Pellicer - Colorado has plenty of reasons to celebrate. It's been one year since the store opened its doors in Denver, establishing the premium Diego Pellicer marijuana brand in Colorado. Sales are strong and increased 64 percent in the just the fourth quarter alone. To better serve its increasing customer base, Diego Pellicer - Colorado has almost doubled its staff since November. Plus, plans are in place for continued advancement including upgrades at its Denver marijuana grow facility, new store acquisitions and new product collaborations.
"In just one year, Diego Pellicer - Colorado has established itself as the premium brand in the marketplace and demonstrates how licensed tenants can maximize profitability in the rapidly expanding cannabis space," said Ron Throgmartin, chief executive officer, Diego Pellicer Worldwide, Inc. "With our premium branding, leadership and experience, we look forward to helping other retailers and operators experience such prosperity."
Diego Pellicer Worldwide, Inc. Instrumental to Success
Diego Pellicer Worldwide, Inc., is the premium marijuana brand and retail development company behind the Denver location. While it does not profit from the sale of marijuana, the success of its branded tenant reinforces the company's business model and demonstrates it has developed a proven formula for marijuana branding and retail.
"Diego Pellicer Worldwide is important to our success," said Neil Demers, chief executive officer, Diego Pellicer - Colorado. "From day one, they've provided real estate and branding leadership, enabling us to focus on developing the operations, innovative products, ensuring an exceptional customer experience and building a loyal team. Today with our award-winning budtenders and wide variety of exciting products all sold in a world-class shopping environment, we've turned Diego Pellicer's vision for a premium cannabis experience into reality."
Product Introductions, Facility Enhancements and Collaborations Underway
New this month, look for cannabis inspired jewelry at the Denver store from renowned designer Genifer M, featuring THC and CBD molecules as well as striking marijuana leaf designs in sterling silver earrings, pendants, necklaces and more. Diego Pellicer - Colorado is also working on cutting edge, innovative marijuana and concentrate product collaborations with other well-regarded names in the industry to further appeal to the cannabis connoisseur. Simultaneously, Diego Pellicer – Colorado is upgrading its North Denver cultivation and infused products facility by enhancing its grower capabilities and infused product systems. Upgrades are in their final stages.
About Diego Pellicer - Colorado
Diego Pellicer - Colorado is an upscale dispensary and independent brand licensee based in Denver, focused on delivering premium cannabis products to local residents through high-quality service. Learn more at https://co.diego-pellicer.com.
About Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)
Diego Pellicer Worldwide, Inc. is the premium marijuana brand and retail development company. DPWW develops and leases legally compliant real estate, including turnkey cultivation and processing facilities as well as high-end, branded retail stores to licensed marijuana operators. When federally legal, DPWW is positioned to become a national, vertically integrated marijuana company. To learn more about how to become a branded Diego Pellicer retailer, cultivator or investor visit www.Diego-Pellicer.com.
Safe Harbor Statement
Certain statements contained in this press release 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.
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