Diego Pellicer Worldwide, Inc. (OTCMKTS:DPWW) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On February 19, 2019, the Board of Directors of Diego Pellicer Worldwide, Inc. (“Registrant”) approved resolutions amending certain provisions of the Employment Agreements for Ron Throgmartin, CEO, and Nello Gonfiantini, Vice President – Real Estate. The Board approved extending the term of Mr. Throgmartin’s Employment Agreement, dated September 17, 2014, for an additional 5 years, through September 16, 2024.
The Board also approved resolutions, amending certain provisions of Mr. Gonfiantini’s Employment Agreement, dated February 8, 2017, extending its term through February 7, 2024. The amendment also named Mr. Gonfiantini as the Registranrt’s Chief Operating Officer as well as increased his cash compensation to $15,000 monthly and his equity share compensation to nine (9%) percent.
Item 9.01 Financial Statements and Exhibits.
DIEGO PELLICER WORLDWIDE, INC Exhibit
EX-10.1 2 e1252_10-1.htm EXHIBIT 10.1 Exhibit 10.1 AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT BETWEEN DIEGO PELLICER WORLDWIDE,…
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About Diego Pellicer Worldwide, Inc. (OTCMKTS:DPWW)
Diego Pellicer Worldwide, Inc., formerly Type 1 Media, Inc., is a development-stage company. The Company is a real estate and a consumer retail development company. The Company is focused on developing its Diego Pellicer marijuana brand along with both cannabis and non-cannabis products. The Company’s initial focus is to acquire and develop legally compliant real estate locations for the purposes of leasing them to state licensed companies in the cannabis industry. The Company leases real estate to licensed marijuana operators, including but not limited to, providing complete growing space, processing space, recreational and medical retail sales space and related facilities to licensed marijuana growers, processors, dispensary and recreational store operators. Additionally, the Company plans to explore ancillary opportunities in the regulated marijuana industry, as well as offering for wholesale distribution branded non-marijuana clothing and accessories.
