Diego Pellicer Worldwide, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 20, 2020 at 05:22 pm EST
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Diego Pellicer Worldwide, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 298,271 compared to USD 254,272 a year ago. Net loss was USD 834,112 compared to net income of USD 1.446 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.02 a year ago. For the nine months, operating loss was USD 687,706 compared to USD 1.054 million a year ago. Net loss was USD 759,610 compared to USD 881,901 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Diego Pellicer Worldwide, Inc. is a real estate and consumer retail development company. The Company leases real estate to licensed marijuana operators, providing complete turnkey growing space, processing space, recreational and medical retail sales space, and related facilities to licensed marijuana growers, processors, dispensary, and recreational store operators. It is focused on developing its Diego Pellicer marijuana brand and quality facilities and products. It has developed a brand name strategy, providing training, design services, branded accessories, systems and systems training, location selection, and other advisory services to their tenants. In addition, the Company plans to explore ancillary opportunities in the regulated marijuana industry, as well as offering wholesale distribution-branded non-marijuana clothing and accessories. Its wholly owned subsidiary, Diego Pellicer Management Company, licenses the upscale Diego Pellicer (DP) brand to various operators.