Terra Tech (TRTC) Announces Grand Opening Date for its First Nevada-based Cannabis Dispensary
Grand Opening of Western Avenue location to be held on April 20, 2016
PR Newswire
NEWPORT BEACH, Calif., March 8, 2016
NEWPORT BEACH, Calif., March 8, 2016 /PRNewswire/ -- Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, today announced that the Grand Opening of its medical cannabis dispensary located at 1921 Western Avenue in Las Vegas, Nevada will be held on April 20, 2016.
Located adjacent to the Las Vegas Strip, the Western Avenue dispensary will offer patients the Company's proprietary IVXX™ brand of premium medical cannabis, including flowers, shatters, waxes and oils, among other high-quality cannabis products from a range of reputable providers of superior grade medical cannabis. The 3,900 square foot facility is located adjacent to the Las Vegas Strip at 1921 Western Avenue and is expected to benefit from the heavy traffic in Las Vegas.
"We are excited to launch of our first medical cannabis dispensary in Las Vegas. This is an extremely important market for us as Nevada formally recognizes the patient status of non-residents, opening up our addressable market significantly," commented Derek Peterson, CEO of Terra Tech. "Our dispensary will offer the highest quality medical cannabis products which, coupled with our staff's extensive knowledge of how different strains and products can treat various ailments, will enable our patients to choose the right medicine for them. We encourage members of the local community that have an interest in the health benefits of cannabis to stop by our retail dispensary on April 20th to hear more about our offering."
The dispensary, which will be operated through the Company's subsidiary, MediFarm, LLC, is due to complete its final inspections by the State of Nevadaand the City of Las Vegas in late March, 2016. The Company expects to receive its business license from the City of Las Vegas on April 6, 2016, contingent upon it passing all inspections, which will be followed by a soft launch of the site. The Grand Opening, on April 20, 2016, will mark the official launch of the dispensary and is intended to showcase the Company's portfolio of medical cannabis products to the community.
Western Las Vegas is the first of four retail medical cannabis dispensaries slated to open in Nevada in 2016. Three of those, operating under the store name Blüm, will be in Southern Nevada, on Western Avenue, Desert Inn Road near the Las Vegas Convention Center, and Decatur Boulevard. The fourth is to be located in Reno, in Northwest Nevada. All locations are expected to open in time to take advantage of the very active summer tourism season in Nevada.
