Diego Pellicer Worldwide Inc (OTCMKTS:DPWWD) is one of the best performing consumer retail and real estate companies globally. The company seeks to further advance its Diego Pellicer marijuana brand. It was today that the business guru spoke in relation to its 20-to-1 reverse stock split.
Current state of affairs
An official working with the business outlines that the reverse split will help a great deal. That is in line with the compliance to set regulations of the OTC Markets. DPWW seeks to make major and fast expansions in about 29 more states.
However, the company insists on those states that have already legalized Marijuana.
The Financial Industry Regulatory Agency (“FINRA”) has to play its role in time. Most of those following closely on the matter hope that the body gives its approval for the reverse stock split.
The Diego Pellicer Worldwide, Inc’s CEO Ron Throgmartin admits that he has witnessed major changes so far. The leader says the Diego Pellicer inception has been a great game changer. He admits to having witnessed shifting trends in their products, retail stores and above all the various cultivation operations.
Throgmartin opined, “We know this sector and we continue to evolve our business model to dominate in a more competitive market. Diego Pellicer’s licensed stores continue to experience sales growth in the country’s most aggressive retail markets by leveraging management’s extensive industry expertise and the premium Diego brand.”
Diego Pellicer Worldwide Inc has also today unveiled a new symbol but it insists it will be temporary. It took a series of consultations for the company to eventually settle for DPWWD as the stock symbol. The company reveals that the symbol will be in use until November comes to a close. Past that, it reverts to using DPWW.
Diego Pellicer Management Company has experienced steady progress so far and seeks to achieve much more. It understands the essence of making necessary negotiations for additional rental income with the various stores in existence.
This company wants to give a major lift to its cash flow. It hopes that soon it won’t have the need to keep on borrowing capital to undertake its business operations.