Item 1.02 Termination of a Material Definitive Agreement.
On February 8, 2022, Diego Pellicer Worldwide, Inc. (the "Company") entered into
an Equity Purchase Agreement (the "Purchase Agreement"), with Hemp Choice
Distribution, LLC, a Colorado limited liability company ("HCD"), its owners (the
"Sellers"), and Gabriela Vergara (the "Sellers' Representative"), pursuant to
which the Company had agreed to acquire all of the issued and outstanding equity
interests of HCD.
On April 22, 2022, the Company sent a termination notice of the Purchase
Agreement to HCD, the Seller's and the Sellers' Representative pursuant to the
terms of the Purchase Agreement. The foregoing description of the Purchase
Agreement is qualified in its entirety by reference to the full text of the
Purchase Agreement, a copy of which was filed as Exhibit 2.1 to the Current
Report on Form 8-K filed by the Company on February 14, 2022, which is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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