Diego Pellicer Worldwide Tenant Passes Final Inspection for Retail Sales

SEATTLE, Sept. 21, 2016 /PRNewswire/ -- Diego Pellicer Worldwide, Inc. ("Diego Pellicer" or the "Company") (OTCQB: DPWW), a real estate and consumer retail development company that is focused on developing Diego Pellicer as the world's first "premium" cannabis brand, today announces its first Flagship Store tenant, Diego Pellicer Washington, has passed its final inspection for retail marijuana sales and will commence operations in the fourth quarter of 2016.

The Company's flagship store will feature high-end cannabis product and accessories that include flower, waxes and edibles as well as state of the art ancillary products such as glassware, vaporizers, grinders and torches. The 3,000 square foot space is equipped with best of breed technology providing consumers with the ultimate cannabis sales experience.

Ron Throgmartin, CEO of Diego Worldwide, stated, "Diego Pellicer Worldwide is committed to delivering customers a unique and world class experience through our branded tenant's high-end stores. With the inspection now complete, we are eager to provide individuals with a one-stop premier cannabis shopping destination and we are confident consumers will agree as they visit the Diego Pellicer Washington flagship store."

About Diego Pellicer Worldwide:

Diego Pellicer Worldwide Inc. is a real estate and consumer retail development company that is focused on developing Diego Pellicer as the world's first "premium" marijuana brand. Through the development and acquisition of premium, legally compliant real estate locations for cannabis growers and retailers, Diego Pellicer Worldwide provides a best-in-class platform for new business growth in the cannabis industry. Diego Pellicer does not grow or sell marijuana or marijuana infused products. For more information, please visit our website at http://DiegoPellicer.com/

Diego Pellicer Worldwide Safe Harbor Statement

Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of Diego Pellicer review its filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contact:
Todd Fromer
KCSA Strategic Communications
tfromer@kcsa.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/diego-pellicer-worldwide-tenant-passes-final-inspection-for-retail-sales-300331569.html

SOURCE Diego Pellicer Worldwide, Inc.