Diego Pellicer Worldwide, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 03:48 pm EST
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Diego Pellicer Worldwide, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.188084 million compared to USD 0.198505 million a year ago. Net income was USD 0.598326 million compared to USD 0.804619 million a year ago.
For the nine months, sales was USD 0.561096 million compared to USD 0.58201 million a year ago. Net loss was USD 2.68 million compared to net income of USD 2.29 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01.
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.
DIEGO PELLICER WORLDWIDE, INC. 
