Diego Pellicer Worldwide, Inc. (OTCMKTS:DPWW) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. .
On August 13, 2018, Diego Pellicer Worldwide, Inc. (“Registrant”) received notice from the OTC Markets (the “Notice”) that the bid price for the Registrant’s publicly traded common shares closed below one-cent for more than 30 consecutive days and no longer met the Standards for Continued Eligibility for OTCQB as per the OTCQB Standards, Section 2.3(2). Accordingly, to the Notice, the Registrant has 90 calendar days during which the minimum closing bid price for the Registrant’s common stock must be $.01 or greater for ten consecutive trading days in order to continue trading on the OTCQB marketplace. If this requirement is not met by November 11, 2018, the Registrant will be removed from the OTCQB marketplace. Management of Registrant is considering various options to maintain its listing.
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.