In the last trading session, the stock price of Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) declined more than 8% to close the week at $0.135. During the session, the traded share volume was 13,500 compared to average share volume of 27,915.
The company issued PR last in the month of February, wherein it stated that its global brand Diego Pellicer announced the grand opening of Denver-based dispensary tenant. The dispensary was set to start at the previous site of VIP Cannabis, the same dispensary that was invaded in November 2013 as part of the federal raid against Colorado’s medicinal marijuana industry.
In the same press release, it was mentioned that in Denver, the dispensary will offer thousands of Denver residents with regulated access to cannabis in a classy, high-end location. Diego reported that the building was previously owned by VIP Cannabis, which was battered by federal raids on doubt of funneling funds from Colombia to buy a large warehouse for expanding cannabis.
Neil Demers, the Diego Pellicer – Colorado’s CEO, commented that they couldn’t be more thrilled to start this dispensary. The cannabis market is expanding at an unparalleled rate, and they are extremely grateful to have the prospect to help establish Colorado’s statewide market. They are assured that state-specific management will continue to advance the cannabis industry as the profitable, innovative and legitimate space that it is.
Diego Pellicer Worldwide is an international firm focused on the acquisition and advancement of legally compliant sites for the objective of leasing to approved operators engaged in the cannabis operations. The firm profits from the lease disbursements of real estate assets and from the sale of branded, non-cannabis offerings. Diego Pellicer – Colorado marks as an autonomous brand licensee from Denver, CO focused on operating and owning egally compliant dispensary and