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yet nobody can find one single instance.
trtc expanding into fully legal cbd market and most likely combining forces with the fully legal EG agriculture aspect is a good thing
business is blüming!!!
massively undervalued
still waiting for Nevada to transfer the licenses for the 36 million from the "pending" sale of disp. that alone far exceeds the market cap
business is blüming!!!
Q3 financials to be released on...
https://www.terratechcorp.com/news-media/press-releases/detail/273/terra-tech-corp-schedules-third-quarter-2019-earnings?fbclid=IwAR2fFP5XikBOLI3OIcsABqTffCVYZUQU8fC0Z_7HQ8UHJGHa31lqBpbQaJY
business is blüming!!!
Dr. Joseph Fortunak as its Chief Scientific Officer
https://www.linkedin.com/in/joseph-fortunak-48617a5
business is blüming!!!
trtc and OneQor Pharmaceutical Agree to Merger
"OneQor is an innovative, cannabinoid-focused pharmaceutical company, concentrating on the development, manufacturing, and delivery of patented, proprietary OTC products to established suppliers and consumer brands. OneQor presently has a number of ongoing case studies utilizing CBD as well as other Cannabinoids and is in the planning stages of subsequent studies targeting opioid cessation, sleep disturbances, chronic pain, and inflammation. OneQor has also filed patent applications covering a wide scope of technical and clinical innovations. All OneQor products are/will be manufactured in a facility that is FDA-approved for OTC drugs. Lastly, OneQor is currently in late-stage talks with established national retail chains to formulate and supply them with their private-label topical cannabinoid-based wellness products.
The philosophy that life is worth living - and worth living well - is the core of the OneQor mission. OneQor shows its dedication to this belief with life-changing scientific research, innovative business strategies, and formulations that are manufactured and delivered the way that nature intended them to be. Because the best way to help people Start Living is by providing them with access to the quality products they want - and, more importantly - they deserve."
https://www.oneqor.com/
https://ir.terratechcorp.com/press-releases/detail/270
business is blüming!!!
old outdated and completely disproved post.
and now for the real story...
Quote:
________________________________________
Imagine if one will, your neighbor has their business for sale and the garage has been turned into a green house. Their business lost 500K last year but that's because it was not for profit so they say. They want 22 million dollars for their business and part of the assets is their name worth 6 million ? Now you already use that name in other stores....
Now its time to negotiate .....and your neighbors wife has been chosen to represent shareholders and she has to deal with her husband over the price. Now two weeks before you sign the deal your neighbor buys the house the business is in and forces you to pay 28,000 a month to rent his house and then he charges you 800,000 to remodel his house and he uses his construction company to remodel it. And for security, you pay him 340,000 a year to make sure your business that lost 500,000 last year is secure. Now you dont have to pay the bill for a year but when you do, some in that household want 2 million dollars in cash......not stock.......
________________________________________
bwaahaahaha, now image if you will a federal swat team raiding your neighbors garage, arresting everybody for the manufacturing of a federally controlled substance, seizing ALL their properties and bank accounts why your dumb arse neighbors rot in jail.
Quote:
________________________________________
My posts are for entertainment purposes only.
________________________________________
now this we agree on...
Quote:
________________________________________
"The Company is a party to the following transactions with Martin Kaufman and Salwa Ibrahim, each of whom beneficially owns more than 5% of our outstanding Common Stock.
An entity owned 100% by Mr. Kaufman and Mr. Ibrahim owns the property where the Company’s Blum Oakland facility is located. That entity leases the property to an unaffiliated third party for $16,000 per month. The Company subleases the property from the third party for $28,840 per month.
The Company pays $24,000 per month in rent for the property where its Oakland, California cultivation facility is located to an entity owned 50% by Mr. Kaufman and Ms. Ibrahim .
The Company pays $24,000 per month in rent for the property where its San Leandro, California dispensary and production facility is located to an entity owned 50% by Mr. Kaufman and Ms. Ibrahim.
The Company pays approximately $35,000 per month to an entity owned 50% by Mr. Kaufman to provide security at the property where its Blum Oakland facility is located.
During the twelve months ended December 31, 2016, the Company purchased $76,638 in products from an entity owned 9% by Mr. Kaufman".
http://ih.advfn.com/p.php?pid=nmona&article=75337470
Now we see a permit pulled to renovate it by SK Builders "also" owned by Martin Kaufman IMHO
https://www.buildzoom.com/property-info/30-hegenberger-loop-oakland-ca
We can connect Martin Kaufman to Fairway Medical Plaza LLC via the company contact CCIG aka CALIFORNIA CAPITAL & INVESTMENT GROUP, INC .
________________________________________
sounds like someone is jealous. All within the normal price range for comparable properties. Many landlords in Cali have gotten cold feet and have refused to renew leases. It's good to have mj friendly landlords!!!
Quote:
________________________________________
BlumOak uses CCIG for lease purposes(paragraph 1) and is included in the past filings by TRTC. Whats interesting on paragraph 54 is that since 2012 MKSI Investments is listed as Master Landlord. MKSI is owned by Martin Kaufman. Two weeks before the close of BlumOak, MKSI became owner of BlumOak and charges rent of 28,000 a month to shareholders after shareholders paid 22 million for BlumOak.....Who sat at the table representing shareholders? Salwa Ibrahim, wife of Martin Kaufman.....MKSI I wonder if that stands for Martin Kaufman and Salwa Ibrahim ?
https://www.sec.gov/Archives/edgar/data/1451512/000147793216009491/trtc_ex1027.htm
CCIG now represents Fairway Medical Plaza LLC which may turn into BlumSL.
https://businesssearch.sos.ca.gov/CBS/Detail
CCIG General counsel is Skyker Sanders
http://www.californiagroup.com/contact.php
Skyler Sanders is also agent for Airport Loop Properties, which controls an address on 30 Hegenberger Loop in Oakland.
http://cabusinesssearch.com/AIRPORT-LOOP-PROPERTIES-LLC
That address has 13000 sq feet and if it becomes the new cultivation site for Blum.......shareholder might want to determine ownership ..
https://www.prospectnow.com/property/alameda-ca/30-hegenberger-loop-oakland-ca-94621.html
________________________________________
Again, it's good to have mj friendly landlords!! at least that's what I think
Quote:
________________________________________
Why are shareholders paying 48,000 a month in rent with no possible return for 12 months . Who is receiving the rent money ?
________________________________________
Because it's the LAW! Cali requires properties to be secure before the applications for licensing are even submitted. Following the law is more expensive upfront but not nearly expensive has being raided by the DEA, having all your assets frozen and being thrown in jail for NOT following the law.
Quote:
________________________________________
All these statements are for entertainment purposes and should not be used as reasons to buy or sell any stock..........
________________________________________
another statement we agree on...
business is blüming!!!
research update
looks like it probably won't be a "reef" collaboration. further research reveals Morgan is no longer with reef but he has a very impressive resume nonetheless.
https://cannabisaficionado.com/matt-morgan/?fbclid=IwAR1cBDZrf_-FPz1VCnczsi_XgPufC8KEqrtcaQc7tz75voyqDy86-leBJA8
business is blüming!!!
it's the only way they can get any conversation on this board. Still sour about trtc rejecting the possible merger awhile back. reality is the other stock making big moves and expanding with major facilities opening in the very near future on the heels of not one but two excellent quarterly reports and a pps that's up over 30% in the last week triggered by major announcements, insider buys and a 20 million dollar stock buyback program. meanwhile WILTED LEAF has gotten rid of all but a minimum number of employees, stopped all expansion and is playing musical chairs with its ceo's. one of which left to go on a "sabbatical" wtf, a sabbatical? lmao.
not to mention they have a MAJOR SHARE STRUCTURE PROBLEM -- AS = OS
(sing along to the theme of "cops")
dilute dilute, what you gonna do, what you gonna do when the bills come due, dilute dilute...
make no mistake WILTED LEAF is on the ropes with a great big FOR SALE sign on the front door.
... and ain't nobody interested.
20 Million Dollar Share Buyback Program
"...the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock. This share buyback program is in addition to the previously announced purchase of shares of the Company’s common stock in connection with the settlement of litigation with members of the Vande Vrede family. The Company expects to receive approximately $36,000,000 upon the closing of previously announced asset sales."
"...Repurchases may be made at management’s discretion from time to time on the open market or through privately negotiated transactions. The repurchase program has no time limit and may be suspended for periods or discontinued at any time. Any shares acquired will be held by the Company as treasury shares. As of August 2, 2019, the Company had 109,278,898 shares of common stock outstanding."
"Chief Executive Officer, Derek Peterson, said, “We believe that Terra Tech’s current market value does not reflect the underlying value of its business and future prospects, and that implementing a share buyback program is the best way we can return value to shareholders. We have several growth initiatives in the pipeline and are engaged in a fundamental restructuring to improve profitability and build value for our shareholders. The share repurchase program is supported by our continued focus on building a stronger, more efficient business based around premium quality, recognizable brands.”"
https://ir.terratechcorp.com/press-releases/detail/269/terra-tech-announces-20000000-share-buyback-program
business is blüming!!!
Excellent Find!!!
Quote from dp facebook page,
digging a little deeper...
Matthew Morgan with some pics with dp on his instagram
https://www.instagram.com/thematthewmorgan/?fbclid=IwAR3yqwT_HgNz-ef1-VliWQbAY5UH7C4qgFruGeh0lH5v-TO2arfiKBL1zoA
Who is Matthew Morgan?
"...Morgan then moved on from Bloom to start Reef Dispensaries and Tryke Industries with a new investment team and aggressive growth strategy. Under his experienced leadership as CEO, Reef grew to six retail locations, two manufacturing plants, two laboratories, and more than 400 employees. Morgan went on to partner with well-known moguls to co- found Ignite Cannabis Co. and Green Axis Capital Corporation. Today, Morgan is working as a consultant and serving as the CEO of OneQor."
https://matthewleemorgan.com/pages/about?fbclid=IwAR3-qisoWqY1MwNixAE4Xb5uioZPInp6KIyHnWdQyuwSfdFTSoT2zno2HYA
tryke owns Reef
http://trykecompanies.com/
cresco labs bought tryke
https://www.marketwatch.com/press-release/cresco-labs-to-acquire-tryke-including-the-reefdispensary-portfolio-consistent-with-stated-plan-to-establish-market-leading-positions-in-both-nevada-and-arizona-and-build-brand-and-wholesale-capabilities-2019-09-16?mod=mw_quote_news
Also of particular interest is OneQor, mentioned above and also mentioned in trtc's last quarterly report.
"...On July 15, 2019, the Company loaned OneQor Technologies, Inc., an unaffiliated 3rd party, $100,000 in the form of a promissory note that accrues interest at 10% per annum and matures on July 14, 2020. On August 2, 2019, the Company entered into a second agreement with OneQor Technologies, Inc. to lend $250,000 in the form of a promissory note that accrues interest at 10% per annum and matures on August 1, 2020. The purpose of the loans were to make a strategic investment in a CBD company..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793219004600/trtc_10q.htm
business is blüming!!!
bwaaahaaahaahaahaha...
I particularly liked the comment section...
Quote;
one thing us "old timers" know is to be very wary of anonymous articles posted by anonymous people.
for example, this is the only mention of the cultivation aspect or the extraction labs.
"TRTC is also involved in the agricultural side of cannabis, a move that exposes it to every stage of the marijuana value chain from seed to sale."
what I don't see;
* a mention of blüm/san leandro having an extraction lab or production facility.
* a mention of blüm/oak having a cultivation operation, an extraction lab / production facilities.
* a mention of the company owned Hegenberger greenhouse and lab facility expected to be operational in mid '18
* a mention of the company Carnegie warehouse property
* a mention of the Panther Gap Farms lease agreement, up to (44k sq ft) of cultivation space
* a mention of The Farm, Cultivar Inc lease agreement, up to (244k sq ft) of cultivation space
* a mention of NV also being recreational legal
* a mention of the NuLeaf partnership with a (30k sq ft) cultivation facility and a (15k sq ft) production facility
* a mention of the 4 remaining NV licenses, (2) for cultivation and (2) for extraction labs
* a mention of EG's massive state of the art Greenhouse facility in NJ or the fact NJ is about to expand their program
* a mention of EG at all
* a mention of the massive increase in shareholder value
I could go on but let’s get to the ridiculous conclusions and assumptions.
Let's start here;
"...An increase in outstanding shares results in a decline in share price. This dilutes stock. If a hypothetical company’s share price is $10 and it has 1000 outstanding shares, it is worth $10,000 ($10 multiplied by 1000). If the worth of the company remains unchanged at $10,000, creating an additional 1000 shares (to bring total outstanding shares to 2000) will automatically cause the share price to decline to $5 (as $5 multiplied by 2000 is $10,000). This hypothetical example illustrates the dilutive impact of creating new shares on a company’s share price..."
the worth of the company does NOT go "unchanged", it increases by the number of new shares multiplied by the pps.
https://finance.zacks.com/happens-share-price-new-shares...
now this;
"...To avert foreclosure and stay in business, the only foreseeable play for TRTC will be to effect a reverse split..."
hardly the only foreseeable play, no mention of the cash on hand or the big increase in revenues from the expansions or the big increase in margins due to the "seed to sale" approach.
or this;
"...it is difficult to understand why Peterson does not see the correlation between convertible notes and eroded shareholder value..."
they mean "massively increased" shareholder value
and then there's this;
"...It makes you wonder what the objective of the company is, if not to enrich a few people..."
which I find hilarious, 'cause the article makes a person wonder what the objective of this crap opinion piece is, if not to enrich a few "flippers".
OMG, can't forget this;
"...What is certain is that TRTC is a strong sell. The massive stock dilution that has taken place over the past five years greatly limits the chance that this stock will deliver any solid long-term growth for investors..."
just ridiculous...
how can I finish this and not mention the website disclaimer? Answer - I can't.
"...not guaranteed to be accurate or all-inclusive..."
Sums this "crap" piece up pretty good, I think.
bwaaahaaahaahaahaha...
Please, for your own sake people, do your own DD!
business is blüming!!!
now thats funny.
I've schooled those two sooo many times, they owe me at least a dozen apologies each. wilted leaf is all shriveled up with no buyers to bail their failing business out.
AS = OS Have they done anything other than stop expansion and layoff every employee possible to reduce expenses in order to delay long enough that maybe somebody will buy them out? NO, didn't think so. must be time for another round of musical ceo's
(a sing along to the tune of the Bad Boys cop show)
Dilute Dilute, what ya gonna due, what ya gonna do when the bills come due, Dilute Dilute
they didn't borrow money for a buyback. their getting from what I can tell nearly a 50 million dollar infusion from sells of cannabis products and the sell of a few underperforming assets for a massive gain of 36 million. sad that wilted leaf couldn't keep the deal going with that other company but I commend that other company for dropping them. It would have fixed their massive share problem and they wouldn't of had to "let go" the employees down to a bare minimum and stop all expansion. sad the once hailed greatest ceo in the game got pissed and went on "sabbatical", seems they've been playing musical ceo's ever since while the stock plummets. Despite all the cutbacks it appears they still can't find a buyer - so sad...
that other company has won every suit against them and is up over 20% today. they don't play musical ceo's, or have a massive share problem like wilted leaf, matter of fact they announced a 20 million dollar share buy back program. wilted leaf needs to get the share structure fixed.
AS = OS means dilute dilute dilute just to stay open
is that why this stock board has averaged only 3 posts per day since it was created.
did they get that nasty share problem fixed or are they continuing to dilute?
no, absolutely not
kvv, if memory serves, only had around 650k shares of stock (somebody may want to double check that number). at today's pps that's only around 230k. besides it takes awhile for the State to approve any sell, so no I do not think the sell of blüm reno was for that. I think it was for the expansion of trtc's ventures into more profitable areas.
business is blüming!!!
this one
"We are offering $5,000,000 principal amount of our 7.5% Senior Convertible Promissory Notes due September 12, 2019 (each, a “Note,” and, collectively, the “Notes”). The Notes will bear interest at a rate of 7.5% per annum, payable on the maturity date and on each conversion, prepayment, event of default, and/or other acceleration of principal outstanding on each such Note. Interest may be payable in either cash, or at our option, in shares of our common stock, par value $0.001 per share (our “Common Stock”). The Notes will mature on September 12, 2019, unless earlier converted. This prospectus supplement also relates to the offering of the shares of our Common Stock issuable upon conversion of the Notes..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001290/trtc_424b5.htm
business is blüming!!!
it appears most everything went in trtc's favour regarding the lawsuit. for instance
vv's wanted back pay - appears to have been DENIED
vv's wanted to terminate lease with EG - appears to have been DENIED
vv's wanted their jobs back - appears to have been DENIED
...(among other things).
most of the shares they received were done so legitimately so it will be interesting to see what was paid for them. we will find out soon enough but it was most likely at today's pps, lmao
business is blüming!!!
another one down
the 1st 5 million dollar tranch was due today. appears to be holding up quite nicely despite the ridiculous negative pushing, lol
business is blüming!!!
simple answer, you keep bringing it up
furthermore;
link us, maybe you missed this. I provided a link to the actual court documents for your viewing pleasure. Goto page 5 and start reading the actual court documents and you'll see DP had nothing to do with the fraud.
I get it now
if you bought back then at .09 then the company ran up to 1.41 that's around a 1500% increase (just shy I think, somebody wanna do the math on that). terra tech delivered to shareholders a 1500% gain - a 1500% GAIN. I for one was extremely happy about that. Just earlier in this year trtc ran up and delivered yet another huge gain, more than doubling and there is no doubt in my mind terra tech will deliver another massive gain again.
business is blüming!!!
nope, it seems you have the facts twisted around all back to front.
lol, sounds like somebody sure has some major "sour grapes" about that other company dumping the possibility of a merger after gldff finished dead last in the rankings in the west hollywood dispensary process. that other company is growing and processing their own products out of their own production sites in Reno, as well as in california, where they not only cultivate and produce their own products out of their own facilities but just so happen to have multiple facilities on the verge of opening up - dispensaries, cultivation and production. not to mention they just got a 36 million dollar infusion of capital from selling a couple of heavily taxed underperforming locations in NV. he keeps going on and on and on about some bs "fraud" thing that isn't even a thing since dp told them what they were doing was illegal but they did it anyway and got busted, DP totally in the clear, had nothing to do with the scam the other company was doing, notta, zero, zilch.
meanwhile, goldenleaf has stopped all expansion, cut employees down to a bare minimum with the once hailed "greatest ceo of all time" pissed off and went on a "sabbatical" - wtf? really? lmao. They got a great big FOR SALE sign out front and nobody's interested. did I forget the share structure problem? yes I do believe I did, the AS = OS. they have to dilute to try and stay afloat.
they lied to you and evidently from reading your post you bought into it. thankfully I've actually done the DD. I'll share a small insert of my research, complete with links for verification.
a total lie. I've proved this wrong at least a dozen times and fools keep posting this nonsense.
nope, they still haven't.
AS = 597,096,138
OS = 597,096,138
there trying to find a buyer and no one seems to be interested.
(a sing along to the tune of bad boys)
Dilute, Dilute, what you gonna do, what you gonna do when the bills come due, Dilute, Dilute.
ALL evidence to the contrary
not a single sell, only buys going on two years now
https://www.nasdaq.com/symbol/trtc/insider-trades
business is blüming!!!
sounds like a good Fictional drama.
Personally I would prefer the non-fiction thriller about the true story of a start-up fighting and clawing its way to dominate a new burgeoning Industry. The Villains in this epic saga have been relentless but like in all great stories truth, honor, justice and the American way will prevail in the end.
Despite governmental road blocks, baseless attacks by greedy and manipulative hedge funds, tortious interference, sabotage, character assassinations and heavy shorting along with many other below board activities, TRTC has remained true to itself, the stockholders and the public in general. By staying focused on its excellent business plan and keeping their promises, TRTC has emerged has the Industry "goto guy" for reliable information. Armed with truth, character, top notch talent and a loyal following of investors TRTC is blazing a trail for others to follow.
...a blockbuster mini-series in the making.
business is blüming!!!
Massively Undervalued
the last few sales alone have brought in 36 million. Thats around 70% of the market cap.
pps @.4272, os @ 109,278,898
so market cap is only 46,683,945
lol, laughably undervalued
business is blüming!!!
challenge accepted
be sure to read the reply as well
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142255258
business is blüming!!!
Business Update
CALIFORNIA
"All of Terra Tech’s operating California facilities were issued a provisional license from the State of California, which is valid for one year and requires METRC compliance. The issuance of these licenses ensures that operations will continue in a lawful and uninterrupted manner for the next year."
* Santa Ana
"The Company launched its legal cannabis delivery service operating from its state licensed Blüm dispensary in Santa Ana, making Terra Tech a major supplier of medical and adult-use cannabis to Santa Ana and the surrounding cities, such as Irvine, Laguna Beach and Newport Beach. All of the aforementioned cities suffer from a scarcity of existing cannabis dispensaries and launching a premier delivery service enables the Company to expand distribution of its best-in-class cannabis products to reach an even greater number of patients and customers."
"Terra Tech has begun the process to fully permit and open a vertically integrated cannabis complex to host large-scale, cannabis-themed events at its East Dyer Road location."
* Oakland
"The Company is in the final stages of construction at its 13,000 square foot cultivation facility in Hegenberger, Oakland, which is expected to be fully operational upon receipt of State licensing. The Company’s Blüm Oakland dispensary reported strong sales in the second quarter."
* San Leandro
"Blüm San Leandro commenced sales to the adult use market after receiving City and State approval."
NEVADA
* Las Vegas
"The Company started the process of opening a CBD only retail location called Blüm CBD in Downtown Las Vegas at its retail location on 121 North 4th Street. The future Blüm CBD is positioned to be easily accessible and draw high volumes of customers on North 4th Street, located just 100 feet from the world-famous Fremont Street Experience which attracts more than 14 million annual visitors. The design of the store is going to be reflective of new Blüm store concepts and the artful vibe of Downtown Las Vegas."
* Reno
"The Nevada Department of Taxation approved Terra Tech’s agreement to acquire the remainder of the interest in the Blüm Reno dispensary and the building where the facility is located from Forever Green NV and Forever Young Investments, LLC, affiliates of Heidi Loeb Hegerich. Terra Tech Corp.'s ownership in the Blüm dispensary, including its cannabis licenses and the building which houses the dispensary, increased from 50% to 100%."
https://www.terratechcorp.com/news-media/press-releases/detail/265/terra-tech-corp-reports-financial-results-for-the-second
business is blüming!!!
Financial Update
"...the Company generated revenues of approximately $10.37 million, compared to approximately $8.72 million for the second quarter ending June 30, 2018, an increase of approximately $1.65 million or 19%. The increase was primarily due to increased Cannabis revenues due to our Dispensary year-over-year growth of $0.95 million or 14.0% due to increased customer traffic and higher average sale amounts. Also driving the increase is the development of cultivation and production operations, which accounted for $0.58 million of the increase. The Herbs & Produce division increased by $0.12 million year-over-year."
"Gross margin for the period ending June 30, 2019 was approximately 47.4% compared to approximately 42.1% for the second quarter ending June 30, 2018. The increase in Gross Margin was primarily due to operational improvements in the cannabis segment."
"Selling, general and administrative expenses for the period ending June 30, 2019 were approximately $12.05 million, compared to approximately $9.86 million for the second quarter ending June 30, 2018."
"The Company reported a Gain on Interest in Joint Venture of $0.35 million for the period ending June 30, 2019, due to measurement period adjustments recorded for the consolidation of the Nuleaf joint venture."
"The net loss attributable to Terra Tech for the period ending June 30, 2019 was approximately $10.14 million or $0.10 per share compared to a loss of approximately $9.97 million or $0.15 per share for the second quarter ending June 30, 2018."
"The Company had $1.9 million in cash as of June 30, 2019, compared with $7.2 million as of December 31, 2018."
"Stockholders’ equity for the period ending June 30, 2019 amounted to approximately $110.14 million, an increase of approximately $15.27 million compared to approximately $94.87 million as of December 31, 2018."
https://www.terratechcorp.com/news-media/press-releases/detail/265/terra-tech-corp-reports-financial-results-for-the-second
business is blüming!!!
TRTC BREAKS GROUND ON LARGE SCALE CANNABIS COMPLEX!!!
Construction begins to build large scale, one-of-a-kind cannabis complex in major cannabis market.
"...a vertically integrated cannabis-focused agriculture company, today announced that it has broken ground at 620 East Dyer Road, Santa Ana, CA, following receipt of the necessary permits from the City of Santa Ana which allow construction to commence. The Company is developing a large scale, one-of-a-kind cannabis complex on East Dyer Road, which is adjacent to the 55 Freeway and acts as an entry point into the Southern California marketplace, allowing the Company to benefit from the area’s high population density and traffic.
Terra Tech purchased the 45,000 square foot facility at 620 East Dyer Road in January 2018 to expand its retail presence in Southern California. In addition, the Company plans to include an event facility to host large-scale cannabis themed events, such as concerts and movie nights.
Chief Executive Officer, Derek Peterson, said, “I would like to extend our thanks to the City of Santa Ana for its ongoing support as we advance our plans to build out a Blüm-branded retail dispensary at our East Dyer location. We are also developing a cannabis event center, which is anticipated to make us a highly sought-after destination in one of the country’s most important cannabis markets. The Dyer Road facility is in a densely populated area, with approximately 4,100,000 residents living within 20 miles of the location. It also benefits from a high level of tourism due to its proximity to Disneyland, another major Southern California attraction. This is a very exciting project for us and we expect construction to be completed in the fourth quarter of 2019.”"
https://www.terratechcorp.com/news-media/press-releases/detail/266/terra-tech-breaks-ground-at-east-dyer-road-santa-ana
business is blüming!!!
Definitely would NOT want to be in their shoes.
the VV's that is. Here is a few “lowlights” in the lawsuit trtc filed against the VV's and I for one can say I would not want to be in their shoes if this hits a courtroom, lol.
"…committed fraud against Terra Tech, stole its intellectual property, proprietary information, and usurped corporate opportunities intended for Terra Tech in order to benefit of GRO-RITE and NATURALLY BEAUTIFUL."
"…diverting Terra Tech opportunities to Vande Vrede family entities including but not limited to opportunities with Chill Waze, CBD Water and Cultivar, three companies that would have offered Terra Tech strategic and lucrative corporate alliances."
"…disseminating Terra Tech’s proprietary application documents and process to other entities for the benefit of the Vande Vrede entities including GRO-RITE."
"…failing to disclose conflicts of interest between their positions as officers and employees with Terra Tech."
"…using Terra Tech intellectual property including, but not limited to, Daily Revenue Reports, Nevada Cannabis Permit Applications, Compliance Memorandums and Terra Tech Google Analytics in order to usurp opportunities intended for Terra Tech and divert them to the Vande Vrede family entities."
"…using Terra Tech employees to produce PowerPoint presentations, and engage in other work, which was subsequently used to divert opportunities from Terra Tech to the Vande Vrede family entities."
"…using Terra Tech money to expense items that were used for the benefit of the diversion of these opportunities and the Vande Vrede family."
"…attempted to usurp or did usurp an opportunity Terra Tech had with Cultivar for their GRO-RITE, NATURALLY BEAUTIFUL and/or Vande Vrede family businesses."
"Instead of providing that opportunity to Terra Tech or Edible Garden, he forwarded the email, with the opportunity, to Defendants… …who were operating competing entities, GRO-RITE and NATURALLY BEAUTIFUL."
"…used Terra Tech’s name as a way to develop opportunities with vendors and business partners. Once a dialogue was opened, however, he dropped Terra Tech without informing anyone at Terra Tech, including other executives or members of the board, and instead pursued these opportunities for his family businesses and GRO-RITE."
"… Chill Waze CEO Vincent Gareffa emailed Defendant… …at his Terra Tech email address to pitch Chill Waze’s idea for partnering with Terra Tech."
"…never provided anyone at Terra Tech or Edible Garden the opportunity to hear Chill Waze’s pitch and, instead, copied Defendant DANIEL VANDE VREDE at GRO-RITE on all emails he exchanged with Chill Waze."
"…used Terra Tech resources for his own personal gain when he used his Terra Tech American Express credit card to pay for lunch with Chill Waze."
"…at his Terra Tech email address to break down ownership of Chill Waze and attached a PowerPoint presentation, which identifies Defendant as a “Silent Partner/Operations” and Defendant DANIEL VANDE VREDE as “COO/Inventory and Logistics”. Moreover, the PowerPoint presentation indicated that the warehouse was going to be the GRO-RITE location in New Jersey, implying that Chill Waze intended to compete with Terra Tech in New Jersey."
"…asked a Terra Tech employee to send over the Terra Tech Property ID in order to login and access google analytics for the Terra Tech website… …immediately forwarded Terra Tech’s Property ID to CEO Gareffa at Chill Waze so that he could login as a Terra Tech user and access Terra Tech proprietary information."
"…using Terra Tech’s name and resources to attract vendors and business partners, but then keep the opportunities for his family… …took an opportunity presented by Ken Voorhees of Ungerer & Co on February 6, 2018, for the Plant Based organic CBD Water packer."
"…at his Terra Tech email address and stated, “Organic CBD Water 50% Vande 50% Voorhees, $50k each initial seed money. We can open after launch to others."
"…charged his parking In Morristown, New Jersey, to the Terra Tech corporate credit card for that meeting…"
"Daniel Grover from the Great Meadows Design Group emailed Defendant KENNETH VANDE VREDE at his Terra Tech email address to ask Defendant KENNETH VANDE VREDE if he had sent over the executed contract or non-disclosure agreement… From January 31, 2018 through February 22, 2018, the two exchanged emails regarding corporate names and obtaining a New Jersey cannabis permit for “Lincoln Park and Belvidere locations.”"
"…received emails at his Terra Tech email address from Thomas Mastrangelo, a cannabis lobbyist, to discuss the next potential steps in growing the cannabis side of the Vande Vrede family business with GRO-RITE."
"…received an email at his Terra Tech email address from Quantum 9 CEO Michael Mayes… …forwarded the email from CEO Mayes to Defendants… …stating “Help us write our family cannabis permits for NJ.”… …responded and asked, “What’s this for?” Defendant KENNETH VANDE VREDE responded, “Consultant that will help our family write the NJ cannabis application for us. Scored #1 in PA. Has a 93% success rate.”…"
"From August 25, 2017, through February 6, 2018, Defendant KENNETH VANDE VREDE exchanged emails at his Terra Tech email address with CEO Mayes from Quantum 9, which culminated in Quantum 9 sending a work order, contract and non-disclosure agreement to Defendant KENNETH VANDE VREDE, which he forwarded to himself at his GRO-RITE email address, identifying GRO-RITE as the contracting party with Quantum 9 and the entity that would benefit from the work order from Quantum 9."
"…emailed Terra Tech’s proprietary Nevada Permit Applications to Mark Hanselman and David Alston, individuals who are not affiliated or associated with Terra Tech."
"…emailed with David Hollberg, the Pequannock, New Jersey Township Manager/CFO. They agreed to set up a meeting, which took place on January 10, 2018, at GRO-RITE, to discuss GRO-RITE’S application to grow cannabis."
"…used Terra Tech’s proprietary application documents to submit an application to Pequannock Township."
"…attended Terra Tech board meetings on September 26, 2017, and December 19, 2017. At each of these meetings, the board expressly asked Defendant KENNETH VANDE VREDE whether his family was competing with Terra Tech in cannabis. He misrepresented that they were not. In actuality, Defendant KENNETH VANDE VREDE led the family business charge to focus on cannabis cultivation in New Jersey."
"…were to work at least 30 hours per week. However, they worked no more than 28 hours per week there by obtaining benefits for themselves and their family under false pretenses and effectively, stealing Terra Tech resources."
WoW, looks like while shareholders are getting fitted for their tux the VV's will be getting fitted with orange jumpsuits.
I think this part is particularly hilarious...
"...The VandeVredes are seeking, among other things, a declaratory judgement that the they did not violate their fiduciary duties owed to the Company or Edible Garden and reinstating the VandeVredes to their status with the Company and Edible Garden prior to their suspensions..."
lol, they ALL want their jobs back... bwaaahaaahaahaahaha...
maybe the vv's haven't realized it yet or maybe they have... but ain't nobody out there going to want to do business with back stabbing opportunists like them, lol.
business is blüming!!!
Ground Broken!
"Finally broke ground on our 3 acre Santa Ana based cannabis complex "The Plug" which will house one of our Blum retail dispensaries as well as a cannabis event center. #letsblum"
https://www.facebook.com/terratechcorp/?__tn__=%2CdkCH-R-R&eid=ARCzR9Znpe-Znsx7_khswtwGmEq3uRlKEC2rFpxq4wEHLoxkwZe8Dry_efsvt8xMY9umDnhS5y6fP-IV&hc_ref=ARTfGh4SR4S8u6cVMCR1RX7ln2sT0Uod9rksW7DfRsw_gRf9NBbe_VgEvHsxYFeE2H8&fref=nf&hc_location=group
business is blüming!!!
Downtown Vegas!!!
Fremont - blüm cbd
if only there was a way to check this... oh wait there is, just check my past postings. as far as the trtc stock. I've been "loading the boat" purchased just over 50k shares in the upper .50's, positioning myself for the next run up.
that nasty share problem fixed yet?
you got me. I wish I could have lost 60% of my investments but no I had to sell and put that small gain I made into trtc where it more than doubled.
yep, SOUR GRAPES is right.
Dilute, Dilute, what ya gonna do, what ya gonna do when the bills come due, Dilute, Dulute...
tried to help investors but will waste no more time. it's all right there in the company filings...