- Business
- Diego Pellicer Worldwide, Inc. (DPWW) operates as a real estate development and consumer retail company focused on the cannabis industry, acquiring and leasing properties to licensed cannabis operators across the United States; it provides turnkey growing space, processing facilities, recreational and medical retail sales areas, and related infrastructure to marijuana growers, processors, dispensaries, and recreational store operators. The company develops and licenses its premium Diego Pellicer (DP) brand through wholly owned subsidiary Diego Pellicer Management Company, offering branded training, design services, accessories, systems, location selection, and advisory support to tenants; it also operates marijuana retail stores, explores ancillary opportunities in regulated marijuana including wholesale distribution of non-marijuana branded clothing and accessories, and maintains a presence in medical cannabis cultivation, testing, processing, wholesaling, and dispensing. Founded in 2013 and headquartered in Reno, Nevada, with operations noted in Seattle, Washington, and activities in states such as Colorado and Nevada, the company targets premium cannabis markets serving licensed operators, retailers, and consumers. In recent developments, Diego Pellicer signed a definitive agreement in February 2022 to acquire Hemp Choice Distribution, LLC for $4.4 million in cash and stock to expand into hemp and CBD distribution as a wholly owned subsidiary, advancing its strategic goals in fast-growing non-psychoactive cannabinoid segments like CBG, CBC, and CBDA in oil and water-soluble forms.