Diego Pellicer Worldwide, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 03:15 pm EDT
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Diego Pellicer Worldwide, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 251,451 compared to USD 208,869 a year ago. Net income was USD 670,240 compared to USD 362,855 a year ago. For the half year, operating loss was USD 426,857 compared to USD 389,437 a year ago. Net income was USD 1.486 million compared to net loss of USD 148,367 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.