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Most of the buys are from the 'shoulda, woulda' crowd coming back.
We need volume to get legs. Derek should have a good man on this watching the cause and effect.
Buy Back all over the news.
We are still in NV - just a reduced footprint.
What Is a Stock Buyback?
A stock buyback, also known as a share repurchase, occurs when a company buys back its shares from the marketplace with its accumulated cash. A stock buyback is a way for a company to re-invest in itself. The repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced. Because there are fewer shares on the market, the relative ownership stake of each investor increases.
Seems as if some folks are trying to change the meaning of a stock buy back. What a laugh.
I believe this may be a prelude to more good news. We shall see.
Just read a story of a private firm that grows no more than TRTC will in the near future and has revenues over 100 million.
The stock going up is a great time to sell?
You win the nut cake this morning.
Absolutely. Post on any other boards you know of. Volume will make it happen.
$TRTC - Set to drop OS significantly - On September 16, 2019, Terra Tech Corp. (the “Company”) issued a press release announcing that the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock.
$TRTC - On September 16, 2019, Terra Tech Corp. (the “Company”) issued a press release announcing that the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock.
$TRTC - On September 16, 2019, Terra Tech Corp. (the “Company”) issued a press release announcing that the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock.
Folks, it's time to spread this news to every board that will have it.
Just copy and paste the line below on every board you know of that might like a decent trade.
$TRTC On September 16, 2019, Terra Tech Corp. (the “Company”) issued a press release announcing that the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock.
Just dropped my filter and It was almost as funny as your post.
One says the share buy back is 'blowing smoke' and another is certain it is suspicious but can not figure out how.
Andy was a gem. Never knew 'Klinger(Mash)' was in that movie.
$TRTC - Announces a 20 Million dollar stock buy back. Will cut the OS almost in half.
On September 16, 2019, Terra Tech Corp. (the “Company”) issued a press release announcing that the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock.
Will drop the OS considerably. Might be a decent trade.
20 million dollars worth of TRTC stock would be close to 50 Million shares. Those shares would be placed back in circulation and drop the OS considerably. That is often accompanied by a share price increase.
I can not wait to hear the wack jobs explanation of a share buy back.
On September 16, 2019, Terra Tech Corp. (the “Company”) issued a press release announcing that the Board of Directors has authorized the repurchase of up to $20,000,000 of the Company's common stock.
What must the pests make of this?
TRTC dropped today because it looks like another Canadian missed their quarterly reports revenue prediction and the industry dropped today
And they did not just miss it a little - they missed it a lot and apparently scared some folks.
https://www.fool.com/investing/2019/09/16/heres-what-aurora-cannabis-said-that-should-have-t.aspx
I just think it's fairly normal for Canadian companies to fail to live up to expectations - even when they were given millions of Wall Street hedge fund money. Seen it happen to often over the years. Elon will find out when he finishes that Mega factory in Canada and hires the laid back locals.
Business is all about attitude and 'laid back' is never good for business.
https://www.marketwatch.com/story/aurora-cannabis-stock-sinks-after-analyst-says-its-time-to-sell-2019-09-16
This ripple will eventually be the end of lots of the over funded, over hyped Canadian mega failures and some of the US firms associated with them.
TRTC down a little but the US MJ Market is getting Hammered today as we drop a little in TRTC. Cresco labs down 8.34 %, Origin house down 7.43 %, Aurora down 6.72%.
Since I don't see any of the distractions, I can imagine today's slight loss in price is being attributed to some made up crap instead of the industry as a whole.
Was it that Amy changed her hair color? They found out if Derek wears boxers or briefs?
Yep, Time for some gains somewhere besides our waistlines.
Terra Tech’s stock has taken a severe beating over two issues we believe have largely been dealt with. With the relocation of the IVXX production facilities completed and further expansion in the final stages, it seems highly likely that Terra Tech will attain its goal of doubling last year’s top-line.
The strong response to the fraud allegations which has gone a long way in stabilizing the share price coupled with the trend of declining marijuana spot prices finally buckling bodes well for Terra Tech. According to a Colorado Department of Revenue report, “…the average price per pound of bud and trim rose moderately from the previous quarterly update, specifically to $781 per pound for the bud rate (from $759) and $396 per pound for the trim rate (from $325).”
In conclusion, Terra Tech as a speculative buy for risk tolerant investors with a price target of $5 over the next 12 months.
https://emerginggrowth.com/terra-tech-corp-otcqx-trtc-at-an-inflection-point-after-statement-on-fraud-allegations-and-expansion/
From a valuation standpoint, it seems that Terra Tech has been grossly undervalued by the market as the table above shows. Taking conservative estimates, it is evident that if the company could obtain even a tenth of the average sales multiples of its peers, the stock price should increase to roughly $5. This translates to an upside potential of about 500 percent. While this may seem highly optimistic, it is important to note that we have not even taken into account the company’s 2019 targeted revenue of at least $63 million.
https://emerginggrowth.com/terra-tech-corp-otcqx-trtc-at-an-inflection-point-after-statement-on-fraud-allegations-and-expansion/
The City of Santa Ana granted Terra Tech’s East Dyer Road, East Carnegie Avenue and South Tech Center Drive locations vertically-integrated Phase I permits. These permits allow the company to commence development of cultivation, manufacturing and distribution capabilities at these locations. All three locations have retail licenses in place. The company also continued constructing its 13,000 square foot cultivation facility in Hegenberger, Oakland which has the capacity to produce up to one metric ton, or 2,000 pounds, of cannabis per year.
Although Terra Tech was originally focused on covering multiple markets within the U.S, a stream of well-capitalized competitors such as MedMen Enterprises (OTCQX: MMNFF)and Acreage Holdings Inc. (OTCMKTS: ACRGF)have intensified the fight for market share forcing the company to rethink its strategy. As a result, Terra Tech is now positioning itself to primarily focus on California as its main target market. The rationale here is that, not only is California the 5th largest economy in the world, it’s arguably the largest cannabis market in the U.S. Furthermore, chairman and CEO Derek Peterson states that Terra Tech has a strong political, reputational and operational nexus within California that can be effectively leveraged to unlock more shareholder value.
https://emerginggrowth.com/terra-tech-corp-otcqx-trtc-at-an-inflection-point-after-statement-on-fraud-allegations-and-expansion/
Thanks to the supply constraints facing the sector, we believe that one company that is well positioned to provide above average shareholder returns is Terra Tech Corp (OTCQX: TRTC), currently trading at about $0.75 per share and up about 15 percent since the beginning of the year. This can largely be attributed to allegations of fraud and infrastructure issues, both of which are just about sorted out.
https://emerginggrowth.com/terra-tech-corp-otcqx-trtc-at-an-inflection-point-after-statement-on-fraud-allegations-and-expansion/
Hydroponic Market to Grow at CAGR of 11.7%: Aerofarms, Terra Tech Corp,. Hydroponic Market to Grow at CAGR of 11.7%:
To better appreciate the prospects of the cannabis sector going forward, here is what you need to know. The overall cannabis market was worth about $5.1 billion in 2015 and conservative estimates project that the industry will be worth $21.6 billion by 2021, representing a CAGR of about 33 percent. However, according to research from Cowen & Cothis figure could explode by 2030 to top $75 billion.
NJ market a win win with both veggies and weed.
Terra Tech M&A job offer details.
Rapidly expanding Publicly traded company looking for a sharp attorney to partner with us for a great opportunity!
Compensation: $110K-$130K DOE
Experience: Successful candidate will have 4-7 years of mergers and acquisitions experience, securities and general corporate counsel experience.
Location: Jersey City, NJ
Responsibilities Include:
Assist with mergers, acquisitions and financing transactions, in the middle market;
Negotiate and securities and corporate transactional documentation; and
Draft board minutes and resolutions.
Requirements Include:
JD with active license;
4-7 years with a corporate law firm, with direct, hands-on experience with all aspects of an M&A transaction;
Experience with corporate securities and corporation transactional work; and
Exceptional attention to detail.
TRTC fired a POS last July for theft and property damage. Strangely, the day the VV suit was settled we now have that fired employee of questionable behavior filing a counter lawsuit and announcing it on a PR rag on the same day we get good news of a settled claim.
"Smolenski's complaint comes in response to Terra Tech's own lawsuit against Smolenski, Smolenki's wife, and an affiliated company that was filed earlier this year. Among the allegations in that complaint, Terra Tech claims that Smolenski stole money from the company, damaged a company computer, and sold cannabis products for Terra Tech but failed to remit the proceeds to Terra Tech. Smolenski filed an answer to Terra Tech's lawsuit in July denying the claims." What a laugh.
Our disgruntled employee on this board is probably the same dude. That guy said he was a sales guy.
What TRTC should do is not just fire them but call the police and have them jailed.
BTW, all corporations are going through the same crap and the perps are mostly from the same age group - 'The something for nothing generation'.
The Corp I worked for had a several million dollar 'slush' fund just for getting rid of them. Sadly, it hurt the ability to have better benefits for the good employees.
The entire industry in Canada and the US has been F'd for years over the piece meal US roll out of the MJ/Hemp industries fostered by politicians at the federal level.
Even the CBD rollout was crappy and left the law enforcement clueless. In this environment, (I know from your posts in the past), we were all expecting legalization much earlier and all publicly traded MJ companies have been scrambling to find ways to extend their ability to survive in a no profit industry.
All of us, including you, were OK with dilution for growth a few years ago. Now, not so much and with still no good route for capital, because of federal illegality, all the companies like TRTC are stuck with changing their plans because all the share holders of all the companies are tired of dilutive loans that have no end in sight because of a F'd UP inactive Government.
Do you think Cresco is happy with the F'd government's handling of their planned merger?
Do you think Bank America is pleased with the F'sticks in the Senates inability to pass anything Bipartisan to help the industry given the bank's investment in Aurora?
Do you think Altria is jumping for Joy over the money pit Cronos has turned into?
Or Hexo, Or TGODF, or even the stocks that don't touch the plant?
You need to broaden you hate and at least include some of the actual folks responsible.
So last quarter Derek upheld his end, He grew revenues, increased margins, and started the move away from less productive enterprises to more productive enterprises.
I applaud his success last quarter as should every share holder. Now he has to keep producing to the plan. And I will hold him to his plan. He has until March of 2020's 10K to show me 16 million a quarter sustainable run rate, good margins along with self financing.
Perhaps this time Americans will elect someone not like them but better than them - like we used to do. If legalization does not happen in 2021 the US MJ market play is over and it will not be because of any of the CEO's in this industry.
When companies buy back shares it makes the price rise. Please don't argue this point it's just silly to do so.
Should be at least 4-6 million shares brought back from looking at the form 4's.
Terra Tech Corp. Announces Settlement of Lawsuits with Vande Vrede Family
You know what that means - every VV will show up here as disgruntled POS fired employees. They will fit right in with the crew of share poor BS rich pests.
https://ir.terratechcorp.com/press-releases/detail/268
Tomorrow ought to be interesting. Some folks will need to get some Scramble with their eggs and bacon.
As of Sept 11 2019 - “We are pleased to settle these lawsuits and put the matter behind us. Importantly, Terra Tech common stock owned by the Vande Vrede family members will now be repurchased by Terra Tech, returning value for shareholders.” Derek Peterson, CEO of Terra Tech, commented.
Terra Tech is buying it's stock back from the VV's. Sorry for the folks who sold today.
Terra Tech Corp. Announces Settlement of Lawsuits with Vande Vrede Family
Download as PDF
September 11, 2019
IRVINE, CA / ACCESSWIRE / September 11, 2019 / Terra Tech Corp. (OTCQX:TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, is pleased to announce that it has settled its lawsuits with members of the Vande Vrede family and entities controlled by them.
As part of the settlement, the parties resolved their differences, and Terra Tech purchased all shares of common and preferred stock owned by the Vande Vrede family.
“We are pleased to settle these lawsuits and put the matter behind us. Importantly, Terra Tech common stock owned by the Vande Vrede family members will now be repurchased by Terra Tech, returning value for shareholders.” Derek Peterson, CEO of Terra Tech, commented.
To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.
About Terra Tech
Terra Tech Corp. (OTCQX:TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its multiple California and Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated cannabis dispensaries throughout California and dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
For more information about Blüm Retail Stores visit: http://letsblum.com
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
Follow us on Instagram @Letsblum
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com/
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Terra Tech Corp. (the "Company") or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company's filings with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after such date.
Contact:
Philip Carlson
KCSA Strategic Communications
TRTC@kcsa.com
212-896-1238
SOURCE: Terra Tech Corp.
It's a farm. You can buy a farm through a realtor. Every farm is a business. Hiring an M&A atty to sell a farm is like hiring one to sell your rental home. Waste of money. They could list EG with any of the companies specializing in marijuana grow opns.
M&A Lawyer not a real estate broker.
40 cents today
I took all my trading bucks out of several plays and put it in TRTC.
It may take a bit but I got a feeling,(could be gas at my age).
Derek followed the plan perfectly last quarter and made impressive gains in key areas. I believe he's ahead of his plan. The guy is an over performer. Sure looks like the banking bill could be the catalyst for lift off.
New Jersey soon to be legal and TRTC looking for an M&A atty in New Jersey.
Hmmmmmmm. Something is cooking.