Current Report Filing (8-k)
July 11 2017 - 6:05AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 7, 2017
Diego
Pellicer Worldwide, Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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333-189731
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33-1223037
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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9030
Seward Park Ave S. #501, Seattle, WA 98118
Registrant’s
telephone number, including area code:
(516) 900-3799
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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8.01
Other Events
.
On
July 7, 2017, David Thompson, Executive Vice President of Finance for Diego Pellicer Worldwide (DPWW-OTCQB) presented the Company’s
strategic positioning at the annual Sports and Entertainment Group conference in Miami at the Fontainebleau Miami Beach. This
is a gathering of current and former NFL players and their agents. The following information about the Company and its industry
was presented:
1.
Strategic Potential:
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Multi-billion-dollar
market potential
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Rapid
growth
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Barriers
to entry
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Recurring
revenue
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Infancy-fragmented
competition
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First
mover advantage
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Completely
scalable
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Establish
quality brand name
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Premium
brand in a high gross margin industry
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2.
Diego Pellicer Worldwide is more than a real estate company. In addition to subleasing brand name turnkey facilities to cannabis
licensees, DPWW also trains personnel, provides branding, selects the facility location based on the economics, and provides continuing
support to its “Branded”: Diego Pellicer tenants.
3.
The Company has recently opened four “Branded” facilities in multiple States. After a period of market building, the
Company expects to earn monthly rental revenues from subleases of an average of $40,000 per facility and pay monthly lease costs
of an average of $20,000 per facility.
4.
The Company earns a premium return on capital invested. The expected rate of return used to compute the current lease revenue
premium is 31 percent.
5.
The Company does not touch the cannabis product.
6.
Besides being a lucrative real estate leasing Company, the long term strategy for the Company is to roll up all successful cannabis
operations, where permitted by State law, at such time the cannabis industry becomes federally legal, thus becoming an early industry
consolidator at the exact time that the Company believes will be the greatest investment opportunity. The Company enters into
future acquisition agreements, with select qualified tenants. It expects to selectively do so at the time the sale of marijuana
becomes federally legal.
Forward
Looking Statements
This
Current report on Form 8-K contains “forward-looking statements” for the purposes of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements which are not purely historical
and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking
statements include, among other things, the development, costs and results of the Company’s leasing and real estate activities,
potential acquisitions and new business opportunities and words such as “anticipate”, “seek”, intend”,
“believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases
may be deemed “forward-looking statements”. Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the potential
adoption of new regulations and laws, both at the state and federal level, covering all aspects of the cannabis industry, the
future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding
the use and development of cannabis-based drugs. These forward-looking statements are made as of the date of this Form 8-K, and
we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from
those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained
in this Form 8-K are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove
to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit
www.sec.gov
.
Item
9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
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Diego
Pellicer Worldwide, Inc.
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Date:
July 10, 2017
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By:
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/s/
Ron Throgmartin
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Ron
Throgmartin, CEO
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Diego Pellicer Worldwide (CE) (USOTC:DPWW)
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