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NV mj sales SOAR past expectations
"The Silver State’s marijuana industry is still in its infancy, but the cannabis market has raked in more than $30 million in tax revenue for the state so far. Retailers in Nevada have sold more than $195 million in cannabis during the first six months of its adult-use market..."
https://www.forbes.com/sites/monazhang/2018/02/26/nevada-makes-30-million-in-marijuana-taxes-during-first-six-months-of-sales/#40f11d513a7f
"...Four months into Colorado’s recreational market, dispensaries in the state saw $22.56 million in sales — a fraction of Nevada’s sales four months into its recreational marijuana program..."
"...Nevada’s adult-use marijuana market is driven by the tourist-friendly Las Vegas. Cannabis analytics firm New Frontier projects the state’s cannabis market to be worth $622 million by 2020..."
"...it looks like the state’s recreational marijuana market will keep up its impressive growth..."
https://www.forbes.com/sites/monazhang/2017/12/26/nevadas-recreational-marijuana-market-hits-38m-soars-past-colorado/2/#69773ccc7bc7
"...Nevada's recreational marijuana industry is on pace to reach $60 million in its first year, exceeding the state's projection of $50 million..."
http://kdwn.com/2018/02/28/nevada-marijuana-sales-exceed-financial-expectations/
"...With all due respect to Denver, Seattle, and Portland, Las Vegas is already the party capital of the world, and this is just an extension of that,” Ferrence said. “ There’s no question that the demand is ever going to relent..."
https://hightimes.com/news/marijuana-sales-in-nevada-exceed-stores-expectations/
"Legal marijuana sales in Nevada set another monthly record in May and are approaching the $500 million mark for the fiscal year...."
http://www.ktvn.com/story/38747892/nevada-pot-sales-set-another-monthly-record-in-may
business is blüming!!!
Great Deal by Dp / trtc...
I'll link a great piece on the OS vs Float down below. The latest float count that I have for trtc is around 62.14 million. Most likely that's changed a little or is about too.
grizz posted a good read on what the dtc is in his response, pretty much just a clearing house.
https://finance.zacks.com/shares-outstanding-vs-float-2620.html
business is blüming!!!
absolutely, the greatest benefit at this moment concerning the expert craft grower Panther Gap Farms is they are already growing our next haul. Their expertise can bridge the gap while we get our facilities up and producing. With the new cali rules going into effect it's a good thing to have a contract or two locked down thus insuring our supply to quality product. We have to keep a steady supply of top notch product to help with brand recognition / loyalty. Santa Anna, San Leandro, WeHo, Hegenberger, plus... Oh My!
So so much to keep track of here, we need to find a good way to catalog everything in an easy to read format (for the board). I like the approach - nv1, nv2, nuleaf1, nuleaf2... that sorta thing. I think it was in one of your posts a few days ago. I need to do some thinking about it, if nothing else just for my own records.
The future 1 acre Spanish Spring (Sparks) facility should go up extremely quick, the Spanish Spring (Sparks) Extraction Lab to follow soon after. That will give trtc multiple grows and multiple labs in northern NV. I'd like to hear a little more info on the LV Gary Ave location (licensed for Cultivation and Extraction Lab). Someone recently stated they drove by there and said the lot was cleared, that's the first step taken, more often than not, while waiting on govs to issue planning and building permits. Generally speaking gov agencies don't like ANY improvements made prior to their ok. All this in NV and even more licenses on the way... Oh My!
I posted a link a week ago or so where NJ gov, Murphy, expects a Marijuana bill on his desk by labor day. fingers crossed...
Hard to be patient with so much happening right now and in the immediate future. I'm expecting to hear a study supply of news / progress reports to close out 2018.
business is blüming!!!
Skating to where the puck is going
DP on Cali...
“We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018.
This location will obviously supply our Bloom Oakland dispensary, which has been operated by us since April 2016 after we acquired it, and we’ve got a great location. There, again, we’re seeing about a thousand patients a day out of our retail footprint in the Oakland marketplace. And this will, again, feed the IVXX brand through multiple stores, but it’ll be a great driver of product with low margins through our retail footprint in Oakland, California.
Santa Ana, as you know, we acquired a dispensary there. The fourth quarter was full first quarter revenues for us out the of Santa Ana location. We’ve got great brand recognition down here in the Southern California marketplace. I think people have been waiting for the Bloom and the IVXX brand to arrive in SoCal for some times. Santa Ana has created a great platform for us to be able to build a significant business down here. They’ve taken a spot leadership standpoint to be the Southern California hub for cannabis activities.”
“on February 1st, we submitted applications to open two additional retail dispensaries in Santa Ana, and we expect the city to announce whether these are approved in the next couple of months. In San Leandro for some of the new people joining the call, we’ve been contracting a new Bloom dispensary, as well as an extraction facility, laboratory, and commercial kitchen.
That is currently underway. They’re gonna open up a different time. The retail facility will open up some time in May, and then we’re thinking the latter part of Q2, early Q3 for the extraction in the facility to go along with that. We think those are gonna be great facilities for us, but we’ll start to see some revenue being driven out of the retail position, we’re hoping sometime in May depending on the local and state licensing”
“…in California, we have our Oakland retail dispensary; we have our Santa Ana retail dispensary, and we have our San Leandro retail dispensary that we’re gonna be opening up here in the not too distant future. But in condition to that, we have the large-scale cultivation facility that we’re building in Oakland right now. We have the onsite cultivation facility that’s part of our Oakland campus. It’s not gigantic, but it produces a couple million dollars of produce on an annual basis. That facility has been in operation for some time now.
But in addition to that, we’ve just purchased a large-scale facility down here in Santa Ana California. We bought an 11.5-million-dollar campus in Santa Ana, where we applied for new retail permits. And as soon as they open up the opportunity to apply for additional cultivation and extraction permits, we’re going to hopefully be building out a large-scale complex and campus down here in Southern California that will house extraction and cultivation, as well as an unbelievably located retail storefront on an very major busy intersection for us here in the Santa Ana marketplace.
So we acquired 44,000-square-feet on three acres, and we’re going through the permitting process there right now. And, again, that’ll be another use of capital over the next year and a half to build all these facilities out, so that we can obviously expand our cultivation and footprint our extraction footprint and be able to have enough product out there to service our existing retail footprint, but also to have a strong wholesale presence in the marketplace throughout California.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on Nevada...
“…in Nevada, we’ve got four retail dispensaries, three in Las Vegas, one in the Reno marketplace. We’ve just finished a 30,000-square-foot cultivation facility, and we’ve got a 15,000-square-foot extraction lab to produce the concentrates, oil lines, and those types of things for the Nevada marketplace. Again, not only for our stores, and New Leaf stores, but also for all the retail storefronts in multiple marketplaces throughout Nevada.
There’s the potential that they’re gonna issue additional permits in Nevada for additional retail locations. We’re not sure what’s going to happen with that just yet, but we do know for certain they’re only going to issue those permits to existing owners of retail dispensaries, so we’ll be able to maintain our market saturation and avoid outside competition from new players coming in and eroding our market share.
We are also planning and building one of our other cultivation permits that we won in Spanish Springs, so not too far away from the existing cultivation facility. We’re in planning and design right now for the construction of a one-acre greenhouse facility. Again, the benefits of greenhouse cultivation is the cost to productions are a lot cheaper. It provides a tremendous amount of feedstock for our traction line so we can produce more edibles and concentrates, and those types of things for the Nevada marketplace as well. So that’s our current footprint and our expanding footprint coming up over the next year and a half there as well.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on New Jersey...
“So where have we spent our money, and where are we going to spend our money? So in New Jersey, for example, we built ourselves a significant footprint across the country. I just want to kind of itemize that because I know we have a lot of new shareholders on the call. We went from 50,000 to 115,000 over the course of a little over a year. So I want to make sure everybody understands what kind of our geographic footprint right now looks like.
So we’ve got a 250,000-square-foot fully glass, fully automated cultivation facility in New Jersey that we grow produce. Again, our intention there is to open up retail dispensaries in New Jersey. Obviously, a big cultivation and extraction backbone on our facilities back there, leverage our current infrastructure, and reduce our time to market. So our hope is opening up multiple retail dispensaries, and obviously having the cultivation extraction backbone utilizing the existing footprint we have in the New Jersey marketplace.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
more on the blüm design...
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
Will Panther Gap Farms deliver again?
In 2017 Panther delivered 2,000 lbs of the sticky icky, Premium Dank AF Killer Bud.
Dp confirms, in the Virtual Investors Conference Call just recently, that trtc has indeed exercised the option to renew both the yearly lease and the yearly operating contract with expert grower and "Craft Cultivator" Panther Gap Farms.
http://www.virtualinvestorconferences.com/agenda-june2018.html
"...The property is located in Honeydew, CA, in Southern Humboldt County, in an area known as the "Emerald Triangle" that is home to some of the world's highest quality cannabis products...."
(pics on "intro" page)
https://www.terratechcorp.com/news-media/press-releases/detail/190/terra-tech-%20corp-expands-cannabis-cultivation-capabilities
Humboldt County - America's Marijuana Capital!
business is blüming!!!
couldn't agree more IP
no need for a reply, the entire question is nonsense.
How?
hmm, just like everybody else does. Only trtc has a major leg up on the competition with a long history of direct Industry related business in the State of NJ. They have also been through this entire process in not one but two States already and have worked with regulators in NV, CA and NJ on setting policy. In addition trtc also operates multiple dispensaries in multiple States (6 altogether with two more opening very soon), Grow Operations in multiple States and lets not forget the Extraction Labs with another set to open very soon. To ask a question like how can they possibly prepare a budget, a five year plan etc... is just silly non sickle babbling. trtc will probably be the most qualified and well positioned company to apply. How can they right a plan? really? lol, they could just take the books of any of their business's and photocopy it.
after all...
business is blüming!!!
a quick summary for the noobs and a little reminder for the rest...
Cliff Notes for Q2 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539026
Cliff Notes for Q3 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539250
Cliff Notes for 2017 Annual Report CC (never quite finished)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140536932
Transcript of the Annual Report CC
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
TRTC is in the RIGHT place at the RIGHT time in the RIGHT industry with the RIGHT business plan with the RIGHT product with the RIGHT mission and with the RIGHT attitude... not to mention the RIGHT core of investors.
RECOGNIZE, beaches, RECOGNIZE......
I agree completely.
The benefits package is really good for a start up, maybe even a little to good has mentioned. I think he has offered such attractive "packages" to draw in the best and brightest applicants as well as to get people talking. The employees are the face of the company and it's always a good thing to have knowledgeable, cheerful, happy and smiling personnel to assist the customers. It has been brought up numerous times that DP is a swindling crook, however; my DD has shown the exact opposite. A ceo who looks after his peeps. I wasn't going to post the "pay and benefits package" submitted in the application process but I ultimately thought investors should be aware of the truth and since it was public info on the Dispensary application I thought wtf.
business is blüming!!!
claims that "Banking" is not an issue are laughably absurd...
"...But, dispensaries are still struggling with one simple part of operating a businesses: opening a bank account.
That's forcing some pot shops to operate in all-cash, while others with bank accounts are still paying thousands of dollars in bills in cash.
"My taxes... I paid those in cash," said Mike Alvarez, vice president of retail sales for Terra Tech Corp., a publicly traded company that operates Blum dispensary in Reno.
Alvarez says the banks are hesitant to work with cannabis-related businesses because marijuana is still federally illegal.
"I really wish the federal government would declassify cannabis," said Alvarez.
He adds that if it was removed as a Schedule I drug that would open the door for banks to be more willing to work with them.
Alvarez says Wells Fargo, Bank of America and Chase Bank have all closed accounts on them. They say they do have a bank account right now, but can't use it for all of their expenses, so they end up paying cash for some bills. They also paid their taxes and licenses in all cash.
"Thousand of dollars that we have to go pay. So it is concerning when you're taking that much cash out and walking out to your car, or driving down and actually going to pay it and taking it in a building," said Alvarez..."
http://mynews4.com/news/local/nevada-marijuana-dispensaries-still-struggling-to-have-bank-accounts
"...his application was rejected. On June 13, he received a denial letter from his insurer of choice, Mutual of Omaha, with the following terse explanation:
"We have discontinued the processing of your application for insurance due to company policy. We cannot accept premium[sic] from individuals or entities who are associated with the marijuana industry. We are regulated by agencies of the."..."
https://www.thestranger.com/slog/2016/06/28/24267651/cannabis-exec-denied-life-insurance-forbeing-a-cannabis-exec
** Industry wide problem
"...rents office space in Anchorage and was informed by its landlord late last year that Wells Fargo – which holds a loan on the building – was preparing to call the loan because it had learned that "they" were a marijuana business..."
https://mjbizdaily.com/steep-hill-close-alaska-cannabis-testing-lab/
** Banking issue is still front and center...
"...Taxation and banking are still really holding back growth at a national level and even within some of the states..."
"...I would love to see that the business owner has access to banking and banking services,” he says. “It just seems to be so unfair and so hypocritical that the government will take tax revenues, whether it’s in cash, or whatever form, but they won’t allow the legal marijuana business owner that’s abiding by all the laws to be able to deposit money into a bank, as well as pay electronically like every other business does..."
https://www.thecannabist.co/2017/01/20/marijuana-industry-trends-2017/69538/
"...after virtually no bank would accept legalized marijuana sales deposits. Due to difficulty in obtaining financial services and because marijuana is a “cash only” business, marijuana related businesses (MRBs) face staggering safety, security and operational issues.
As a result, licensed and regulatory compliant MRBs are sitting on mountains of cash, while, in light of unclear legal exposure, immeasurable risk management, and nearly impossible regulatory compliance, hungry banks view accepting cannabis cash as insufficiently lucrative to pursue..."
https://www.cannabisbusinessexecutive.com/2018/02/cannabis-banking-issues-cash-no-flash/
"...brought in millions of dollars last year, but he’s had a hard time finding a bank to take the money. He’s cycled through 14 checking accounts in six years. Recently, he said, a bank shut down all his personal accounts, including college savings for his 3-year-old son..."
http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2016/03/22/why-marijuana-businesses-still-cant-get-bank-accounts
"...The lack of reliable banking services has always been a problem for the cannabis industry. We’ve seen the dearth of banking options pose problems..."
https://www.cannalawblog.com/california-cannabis-banking-an-update/
business is blüming!!!
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
more on the blüm design...
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
No, that can't be it
if anything the others fear trtc. The otc is full of scumbag losers continually trying any and every lying manipulative trick in the book to try and cheat others out of their $$$. Just like way back when terra tech was first being thought of, back to the dhar mann days.
blüming, business is blüming...
"...California is the largest state by population. We have 40 million residents and over 250 million tourists that we serve throughout the market here. But a recent report that we read from BFD analytics, it’s estimated the California sales of cannabis to hit 3.7 billion by the end of 2018, and to increase 5.1 billion in 2019...."
"...I’ve seen reports ranging at full development from seven to ten billion being the market size in California full bore at full capacity. Those numbers will remain to be seen but it’s a great market in our backyard that we can build economies of scale, and really build a fundamental business here..."
"...We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018..."
"...it’ll be a great driver of product with low margins through our retail footprint in Oakland, California...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
no doubt a big improvement
One of the many things that made the 40 million in 8 quarterly tranche's deal along with the rs such a great thing for the company is not only did it fix the share structure and enable expansion for another two years minimum but it was also a "see ya wouldn't wanna be ya" to the "dominions and the magna's" predatory lending practices common for otc lenders.
I've posted this a few times but I'm not sure the board remembers so I'll quote it below. Much much better rates and terms, still not on par with a legal biz but definitely much much better.
8 quarterly tranches of 5 million each
"...So that 40 million is coming in eight tranches of five million bucks each quarter over the next 24 months. And one the main reasons we did that we scoped out what our growth and Capex requirements are over the next two years. And we may move those timelines around a little bit..."
"...the capital raise essentially provided the company with enough growth capital to execute on the business model over the next 24 months. We believe these steps will fuel the growth of the company and help create value for shareholders..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
Financing, though not as good as what a 100% legal business entity could get, is getting better and better!
“…We saved about 20 percent in costs on this major capital investment that we’re bringing in versus the prior tranche that we’ve done….”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
details of 40 million financing.
"...7.5% Senior Convertible Promissory Note..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001290/trtc_424b5.htm
more details…
https://www.terratechcorp.com/news-media/press-releases/detail/217/terra-tech-corp-provides-strategic-business-update-for-2018
* straight from the filings...
"...Global alliance Partners offering securities through Euro Pacific Capital Inc..."
http://www.globalalliancepartners.com/partners/
http://www.europac.com/
seems to be a major upgrade from dominion and magna. There in 26 countries and I noticed that global alliance has a partner in NY and one in San Fran specializing in "mergers & acquisitions / corporate advisory"
http://terracap.com/corporate-advisorymergers-acquisitions/
terracap is short for terranova capital and it is the california office for Global Alliance Partners.
business is blüming!!!
Marijuana Super Pack formed to take down Public Enemy #1
"...Marijuana reform activists have created a new super PAC aimed exclusively at defeating Texas Republican Rep. Pete Sessions, the House Rules Committee chairman who has blocked cannabis reform legislation from reaching the House floor...."
"..."[Sessions] is in fact what I call a sphincter who is constipating the process," Kampia said. "The reason we haven't won is just process; it's not content."..."
bwaaahaaahaahaahaha...
https://www.washingtonexaminer.com/news/white-house/marijuana-super-pac-created-to-oust-legislative-sphincter-rep-pete-sessions
why is it that all these types have an "evil" look to them? or is it just me?
http://www.thedailychronic.net/2018/91124/house-rules-committee-blocks-fy19-marijuana-amendments/
business is blüming!!!
and if anybody out there is smart they'll be buying them up
business is blüming!!!
what debt?
Q1 report shows $22,132,948 in debt
business is blüming!!!
NJ Lawmakers tour blüms flagship location (Desert Inn) and like what they see!
https://www.scribd.com/document/371089301/New-Jersey-Lawmakers-Marijuana-Visit-to-Nevada
business is blüming!!!
Will Panther Gap Farms deliver again?
In 2017 Panther delivered 2,000 lbs of the sticky icky, Premium Dank AF Killer Bud.
Dp confirms, in the Virtual Investors Conference Call just recently, that trtc has indeed exercised the option to renew both the yearly lease and the yearly operating contract with expert grower and "Craft Cultivator" Panther Gap Farms.
http://www.virtualinvestorconferences.com/agenda-june2018.html
"...The property is located in Honeydew, CA, in Southern Humboldt County, in an area known as the "Emerald Triangle" that is home to some of the world's highest quality cannabis products...."
https://www.terratechcorp.com/news-media/press-releases/detail/190/terra-tech-%20corp-expands-cannabis-cultivation-capabilities
Humboldt County - America's Marijuana Capital!
business is blüming!!!
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
more on the blüm design...
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
107,844,433 in shareholders equity...
what does trtc have to show for their hard work and dedication???
not much, lol
trtc footprint
** California Dispensaries
* Blüm/Oakland Dispensary, located at 578 West Grand Avenue, Oakland, CA 94612, Dispensary, Cultivation, Lab / Production Facility, Operational, Owned
* Blüm/Santa Ana Dispensary located at 2911 South Tech Center Drive, Santa Ana, CA 92705, Operational, Owned
* Blüm/San Leandro Dispensary - 1911 Fairway Dr., San Leandro, Ca 94577, Dispensary, Extraction Lab and Production Kitchen, Owned, "Opening very soon"
*** pursuing Blüm/West Hollywood Dispensary, apps filed for Dispensary, Consumption Area and Delivery Service - Licensing approval in progress
** California Cultivation and Production
* Hegenberger - Greenhouse and Extraction Lab located at 30 Hegenberger Loop, Oakland, CA 94621, (13k sq. ft.), non-operational, (mid '18)
* 1815 Carnegie - located at 1815 Carnegie Avenue, Santa Ana, CA 92705, (30k sq. ft.), Owned, warehouse property, apps filed for Dispensary, Cultivation and Extraction Lab
* 620 E Dyer - located at 620 E Dyer, Santa Ana, CA 92705, (41k + sq. ft.), Owned, warehouse property, apps filed for Dispensary, Cultivation and Extraction Lab, construction started
* Panther Gap Farms, located in Honeydew, CA, up to (44k sq. ft.), lease agreement, operational
* The farm, Cultivar Inc. - located in Salinas, CA, up to (244k sq. ft.), lease agreement, status unknown
** California Distribution
* Blüm Distribution, Inc. - Oakland, CA 94612, status unknown
* Blüm Distribution I, Inc. - Oakland, CA 94612, status unknown
** Nevada Dispensaries
* Blüm/Las Vegas Dispensary located at 1130 Desert Inn Road, Las Vegas, NV 89109 (flagship), Operational, 98% Owned
* Blüm/Las Vegas Dispensary located at 1921 Western Avenue, Las Vegas, NV 89102, Operational, 98% Owned
* Blüm/Las Vegas Dispensary located at 3650 S Decatur, Las Vegas, NV 89103, Operational, 98% Owned
* Blüm/Reno Dispensary located at 1085 South Virginia Street, Reno, Nevada 89502, Operational, 50% Owned
** Nevada Cultivation and Production
* NuLeaf Sparks Cultivation, LLC (30k sq. ft.) - located at 859 Deming Way, Sparks, NV 89509, 50% partners, Operational, 1st planting was in early June
* NuLeaf Reno Production, LLC (15k sq. ft.), 50% partners, awaiting final approval
* Future Cultivation and Lab operation located at 6585 W Gary Ave, Las Vegas, NV 89139, Licensed (1ea), non-operational
* Future Greenhouse operation located at 200 Hawco Court #B, Sparks, NV 89441, (Spanish Springs), Licensed, non-operational, expected completion by late ‘18
* Future facilities for the Production of Infused Products, 0 Pyramid Way, (Spanish Springs), Licensed, non-operational
** New Jersey
* State of the art up to (340k sq. ft.) Hydroponic Cultivation Facility - Operational (lettuce, herbs), (no marijuana authorized yet)
business is blüming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 64.71 million (Q1)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 64.7 million (Q1 only)
Total revenue 8,615,366 (Q1 only)
Total Liabilities and Stockholders’ Equity 107,844,303 (Q1 only)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
business is blüming!!!
cali cannabis events - general
https://www.cannalawblog.com/the-4-1-1-on-california-cannabis-events/
business is blüming!!!
cali financing - general
https://mjbizdaily.com/why-financing-is-a-key-hurdle-for-california-cannabis-companies-and-forcing-some-to-the-black-market/
business is blüming!!!
No pie for you...
couldn't agree more Beaverdestroyer
trtc has laid the groundwork necessary to dominate, throughout multiple States no less. DP and trtc have stayed true to their Proven and Time Tested business strategy. The keys are Expansion, Market Share and Brand Development.
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 64.71 million (Q1)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 64.7 million (end of Q1)
Total revenue 8,615,366 (end of Q1)
Total Liabilities and Stockholders’ Equity 107,844,303 (end of Q1)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
business is blüming!!!
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
Will Panther Gap Farms deliver again?
In 2017 Panther delivered 2,000 lbs of the sticky icky, Premium Dank AF Killer Bud.
Dp confirms, in the Virtual Investors Conference Call just recently, that trtc has indeed exercised the option to renew both the yearly lease and the yearly operating contract with expert grower and "Craft Cultivator" Panther Gap Farms.
http://www.virtualinvestorconferences.com/agenda-june2018.html
"...The property is located in Honeydew, CA, in Southern Humboldt County, in an area known as the "Emerald Triangle" that is home to some of the world's highest quality cannabis products...."
https://www.terratechcorp.com/news-media/press-releases/detail/190/terra-tech-%20corp-expands-cannabis-cultivation-capabilities
Humboldt County - America's Marijuana Capital!
business is blüming!!!
might want to check your facts on that
I wonder if there is a correlation here?
DP kicks the vv's to the curb and...
"... Edible Garden revenues increased 40% as our expanded offerings drove sales growth. Our gross profit for the first quarter ended March 31 2018 was $1.6 million compared to a gross profit margin of $400,000 for the first quarter ended March 31 2017, an increase of $1.7 million or 358.8%.
The Edible Garden herbs and produce segment gross profits increased from a negative $53,000 for the first quarter ended in March 31 of 2017 to positive $21,000 for the first quarter ended March 31st of 2018..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002325/trtc_ex992.htm
...revenues increase by 40% and gross profits increased by an astounding 358.8% - WoW!!
Here are a few key areas in the suit trtc has filed against the VV's.
could it all be related somehow? lmao
"…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.
business is blüming!!!
8 quarterly tranches of 5 million each
"...So that 40 million is coming in eight tranches of five million bucks each quarter over the next 24 months. And one the main reasons we did that we scoped out what our growth and Capex requirements are over the next two years. And we may move those timelines around a little bit..."
"...the capital raise essentially provided the company with enough growth capital to execute on the business model over the next 24 months. We believe these steps will fuel the growth of the company and help create value for shareholders..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
Financing, though not as good as what a 100% legal business entity could get, is getting better and better!
details of 40 million financing.
"...7.5% Senior Convertible Promissory Note..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001290/trtc_424b5.htm
more details…
https://www.terratechcorp.com/news-media/press-releases/detail/217/terra-tech-corp-provides-strategic-business-update-for-2018
* straight from the filings...
"...Global alliance Partners offering securities through Euro Pacific Capital Inc..."
http://www.globalalliancepartners.com/partners/
http://www.europac.com/
seems to be a major upgrade from dominion and magna. There in 26 countries and I noticed that global alliance has a partner in NY and one in San Fran specializing in "mergers & acquisitions / corporate advisory"
http://terracap.com/corporate-advisorymergers-acquisitions/
terracap is short for terranova capital and it is the california office for Global Alliance Partners.
business is blüming!!!
Skating to where the puck is going
DP on Cali...
“We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018.
This location will obviously supply our Bloom Oakland dispensary, which has been operated by us since April 2016 after we acquired it, and we’ve got a great location. There, again, we’re seeing about a thousand patients a day out of our retail footprint in the Oakland marketplace. And this will, again, feed the IVXX brand through multiple stores, but it’ll be a great driver of product with low margins through our retail footprint in Oakland, California.
Santa Ana, as you know, we acquired a dispensary there. The fourth quarter was full first quarter revenues for us out the of Santa Ana location. We’ve got great brand recognition down here in the Southern California marketplace. I think people have been waiting for the Bloom and the IVXX brand to arrive in SoCal for some times. Santa Ana has created a great platform for us to be able to build a significant business down here. They’ve taken a spot leadership standpoint to be the Southern California hub for cannabis activities.”
“on February 1st, we submitted applications to open two additional retail dispensaries in Santa Ana, and we expect the city to announce whether these are approved in the next couple of months. In San Leandro for some of the new people joining the call, we’ve been contracting a new Bloom dispensary, as well as an extraction facility, laboratory, and commercial kitchen.
That is currently underway. They’re gonna open up a different time. The retail facility will open up some time in May, and then we’re thinking the latter part of Q2, early Q3 for the extraction in the facility to go along with that. We think those are gonna be great facilities for us, but we’ll start to see some revenue being driven out of the retail position, we’re hoping sometime in May depending on the local and state licensing”
“…in California, we have our Oakland retail dispensary; we have our Santa Ana retail dispensary, and we have our San Leandro retail dispensary that we’re gonna be opening up here in the not too distant future. But in condition to that, we have the large-scale cultivation facility that we’re building in Oakland right now. We have the onsite cultivation facility that’s part of our Oakland campus. It’s not gigantic, but it produces a couple million dollars of produce on an annual basis. That facility has been in operation for some time now.
But in addition to that, we’ve just purchased a large-scale facility down here in Santa Ana California. We bought an 11.5-million-dollar campus in Santa Ana, where we applied for new retail permits. And as soon as they open up the opportunity to apply for additional cultivation and extraction permits, we’re going to hopefully be building out a large-scale complex and campus down here in Southern California that will house extraction and cultivation, as well as an unbelievably located retail storefront on an very major busy intersection for us here in the Santa Ana marketplace.
So we acquired 44,000-square-feet on three acres, and we’re going through the permitting process there right now. And, again, that’ll be another use of capital over the next year and a half to build all these facilities out, so that we can obviously expand our cultivation and footprint our extraction footprint and be able to have enough product out there to service our existing retail footprint, but also to have a strong wholesale presence in the marketplace throughout California.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on Nevada...
“…in Nevada, we’ve got four retail dispensaries, three in Las Vegas, one in the Reno marketplace. We’ve just finished a 30,000-square-foot cultivation facility, and we’ve got a 15,000-square-foot extraction lab to produce the concentrates, oil lines, and those types of things for the Nevada marketplace. Again, not only for our stores, and New Leaf stores, but also for all the retail storefronts in multiple marketplaces throughout Nevada.
There’s the potential that they’re gonna issue additional permits in Nevada for additional retail locations. We’re not sure what’s going to happen with that just yet, but we do know for certain they’re only going to issue those permits to existing owners of retail dispensaries, so we’ll be able to maintain our market saturation and avoid outside competition from new players coming in and eroding our market share.
We are also planning and building one of our other cultivation permits that we won in Spanish Springs, so not too far away from the existing cultivation facility. We’re in planning and design right now for the construction of a one-acre greenhouse facility. Again, the benefits of greenhouse cultivation is the cost to productions are a lot cheaper. It provides a tremendous amount of feedstock for our traction line so we can produce more edibles and concentrates, and those types of things for the Nevada marketplace as well. So that’s our current footprint and our expanding footprint coming up over the next year and a half there as well.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on New Jersey...
“So where have we spent our money, and where are we going to spend our money? So in New Jersey, for example, we built ourselves a significant footprint across the country. I just want to kind of itemize that because I know we have a lot of new shareholders on the call. We went from 50,000 to 115,000 over the course of a little over a year. So I want to make sure everybody understands what kind of our geographic footprint right now looks like.
So we’ve got a 250,000-square-foot fully glass, fully automated cultivation facility in New Jersey that we grow produce. Again, our intention there is to open up retail dispensaries in New Jersey. Obviously, a big cultivation and extraction backbone on our facilities back there, leverage our current infrastructure, and reduce our time to market. So our hope is opening up multiple retail dispensaries, and obviously having the cultivation extraction backbone utilizing the existing footprint we have in the New Jersey marketplace.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
Quite a good thing, don't you think?
"On or about November 4, 2014, we issued 200,000 shares of Common Stock to Dharminder Mann and his designee in connection with the settlement of legal proceedings instituted by Mr. Mann and We Grow Garden Supply LLC. The issuance was made pursuant to the exemption from registration afforded by Section 4(a)(2) of the Securities Act."
https://www.sec.gov/Archives/edgar/data/1451512/000147793214007296/trtc_s1.htm
what was the pps then? .20 cents or so?
paid him 40k or so (in shares) to go away, lol yeah, I remember this, he was trying to weasel his way into trtc using GrowOp and DP to do it, "Applied Contract" was the terminology if I remember correctly. Was this before or after he got his arse handed to him for defrauding Oakland (among other things)? No matter, that loser was trying to cling on to DP / trtc's coattails for years.
DP kicked his A$$ to the curb!
So you agree, DP did exactly the right thing again and again, that he has went above and beyond in following the law and looking out for employees and shareholders. Also that his aggressive expansion in a tough Industry filled with liars and crooks has been nothing short of Amazing!!!!
I Would Agree with that as well!
business is blüming!!!
oh how little we know
AJ had no choice but to step down and/or concentrate on school since he only has a Masters Degree and not a Doctoral Degree has the regulations require.
"...(a) The laboratory shall employ a supervisor or management employee who must be responsible for:
(1) Overseeing and directing the scientific methods of the laboratory;
(2) Ensuring that the laboratory achieves and maintains quality standards of practice; and
(3) Providing ongoing and appropriate training to laboratory employees.
(b) The supervisor or management employee who, at minimum, must have earned:
(1) A doctoral degree in biological, chemical, agricultural, environmental, or related sciences from an accredited college or university;
(2) A master’s degree in biological, chemical, agricultural, environmental, or related sciences from an accredited college or university and have at least 2 years of full-time practical experience; or
(3) A bachelor’s degree biological, chemical, agricultural, environmental, or related sciences from an accredited college or university and have completed 4 years of full-time practical experience. .."
business is blüming!!!
they know it's bs...
just like way back when terra tech was first being thought of, back to the dhar mann days.
Details are a little vague unfortunately.
Apparently this goes back to a disagreement on a 180k bill in '14. Don't know much more than that, they say we owe, trtc has refused to pay.?.?..
if you or anyone else has more details please share.
updates in case can be found here;
https://www.pacermonitor.com/public/case/24080186/Schawk_USA,_Inc_v_Terra_Tech_Corp
updates in VV suit can be found here;
https://www.pacermonitor.com/public/case/24193198/TERRA_TECH_CORP_v_KENNETH_VANDEVREDE,_an_individual_et_al
business is blüming!!!
I know right, lmao.
this board never seems to fail in the comedic relief department. After reading a lot of the posts earlier today, I started with a chuckle and ended up with tears of laughter running down my face. The desperation is readily apparent.
For any noobs playing catch up;
Cliff Notes for Q2 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539026
Cliff Notes for Q3 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539250
Cliff Notes for 2017 Annual Report CC (never quite finished)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140536932
Transcript of the Annual Report CC
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!