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Diego Pellicer Worldwide, Inc. (OTC Market: DPWW) has signed a binding settlement term sheet to acquire a cannabis dispensary and product manufacturing facility in Colorado. The agreement resolves a breach of contract lawsuit against Royal Asset Management, LLC and Venture Product Consulting, LLC, with both companies agreeing to transfer 100% and 99% of their membership interests, respectively. Additionally, the transaction involves potential payments of $4,500,000 and $65,000 if not completed. The deal is subject to Colorado Marijuana Enforcement Division approval.
Diego Pellicer Worldwide (OTC Market: DPWW) has announced a definitive agreement to acquire Hemp Choice Distribution, LLC for $4.4 million in cash and stock. The deal includes an initial payment of $250,000, with the remainder in common and preferred stock. This acquisition aims to enhance DPWW's portfolio in the rapidly growing hemp and CBD market. The transaction is expected to close within three months, with management optimistic about future synergies and market expansion opportunities.
Diego Pellicer Worldwide (OTC Market: DPWW) has announced a non-binding letter of intent to acquire Hemp Choice Distribution for $4.4 million in cash and stock. The deal includes an initial payment of $250,000 and aims to position DPWW in the growing hemp and CBD market. By acquiring Hemp Choice, known for its extensive distribution network and high-quality products, DPWW seeks to expand its product offerings and capitalize on the legal and growing CBD sector. The definitive agreement is expected to be finalized in Q1 2022.
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