TRTC is a Great Long Term Investment.
I see many worrying about day to day price changes here. Worrying about if a PR will be issued or not, etc...
The facts regarding TRTC's business are simple and indisputable.
TRTC now has two open medical marijuana dispensaries, and has three more getting built out for opening within the next few months. That means they will have four in Nevada, and one in California.
So five dispensaries. The four in Nevada they own half of. California is fully owned.
TRTC also has a lab producing their IVXX branded Marijuana products which are now sold in over 200 dispensaries in California. IVXX now has additional products just rolled out. Vape cartridges, Waxes, shatter, and soon edibles, and drinks.
TRTC also grows their Marijuana in California, eliminating the need to find growers.
TRTC also has licenses in Nevada for Cultivation and production of Marijuana. These facilities will be built out this year. There is no rush in Nevada as they just came on as a medical Marijuana state, and it will take time for people there to get their cards allowing them to buy. Medical Marijuana card holders in other states can buy in Nevada.
TRTC has shares plans to acquire Marijuana dispensaries and business, and has therefore filed for the right to sell up to $75 million to be able to buy such businesses. Since this was announced shares have risen i n price around 30%.
TRTC also needs to raise the maximum authorized shares to be able to sell the above shares.
They also want to be able should it be necessary to do a Reverse split of the shares so that they can uplist onto the Nasdaq. This is entirely different than companies doing a reverse split to keep from being delisted.
A listing on the Nasdaq would make TRTC shares available for all investors to purchase. VERY FEW investors buy OTC traded stocks. The whole world buys Nasdaq traded stocks.
TRTC is also selling it's edible garden brand of herbs, salads, vegetables, etc.... This business is also growing, and will soon be profitable, if not already.
The plan to acquire more dispensaries is especially exciting as it is LIKELY that both California, and Nevada will be the next recreational Marijuana states late in 2016. This will make sales rise in such dispensaries possibly by double, or even more.
Considering that TRTC's Blum Oakland dispensary does about $16 million in revenue. Full legalization could take that over $30 million next year. Factor in other newly to be acquired dispensaries, plus those in Nevada, and you see a HUGE potential for revenue.
Over the short run it is expected that Marijuana will be rescheduled from a class 1 which makes it federally illegal to a class that would make it legal under some circumstances. In the case of rescheduling shares of TRTC would likely more than double overnight.
Full legalization in Nevada, and California would also have a HUGE impact on TRTC's businesses. Guessing a share price after both rescheduling, and legalization would be difficult, but clearly it would be at least a couple times higher than today, and possibly ten times higher.
Investors like to worry about dilution of shares, but if the shares are used to purchase money making businesses then I love it, and so should you.
Each dispensary TRTC buys may cost $15 to $20 million in shares, but when those shares go up in value we all win. The assets of the company also go up with such purchases, so the price is worth it. Especially when you consider the following ten years of revenue.
Insiders have sold shares of TRTC stock every six months for the past three years. This is part of their compensation, and understandable. People need money for varying reasons, and they sell just a small part of their holdings. Most selling happens before the tax deadline as shares given as compensation also mean some have tax due on that compensation.
TRTC also has plans for opening other dispensaries around the USA. It looks like their plan is to become the Starbucks of weed. Add to that IVXX as a national marijuana brand sold in every state, and every dispensary in the USA, and other countries.
The FUTURE has never been brighter for TRTC!!
