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Curious --if you thought the pps was going to take a major dive today because "the numbers were terrible " (-your quote),and if you believe that "if this company had a real CEO instead of a pitchman that has to do shady deals to get by...it would have cleaner numbers higher revenue, solid partners, and less expense...and most of all no reverse split"(your quote)--WHY DIDN'T YOU SELL ALL OF YOUR SHARES? Or why DIDN'T YOU SELL THEM WHEN YOU KNEW R/S WAS UPCOMING? Get my drift? Y-R-U-here still complaining? You've had multiple opportunities to cash out and apparently FAILED TO DO SO.Why should anyone listen to what you have to say? Oh wait,we don't.But thanks for playing.
So, about that bath we were all going to take today...........PPS sitting higher now than it was a week ago.My bath feels pretty warm and bubbly.TRTC seems to be holding up fairly well.On pretty good volume too.Guess the sky ISN'T falling.Geez I even brought out my umbrella to protect me from the falling pieces,as per Chicken Little.
Total revenues generated for the quarter ended March 31, 2018 were approximately $8.6 million, an increase of 26% from $6.8 million in the same period in 2017
Gross margin for the quarter ended March 31, 2018 amounted to approximately 19.1%, compared to approximately 5.3% for the quarter ended March 31, 2017.
The net loss attributable to Terra Tech for the quarter ended March 31, 2018 was approximately $(10.0 million), or ($0.16) per share compared to a loss of approximately $(10.1 million) or ($0.27) per share for the quarter ended March 31, 2017.
Selling, general and administrative expenses for the first quarter ended March 31 of 2018 were $8.4 million compared to $6.4 million for the first quarter ended March 31st of 2017, an increase of approximately $2 million or 31.9% percent. The increase is partially due to an increase in the salaries and related payroll tax expenses due to new hires.
Much of the increased SGA are costs associated with current,ongoing expansion of numerous facilities for increased cultivation and production which have yet to produce any revenue but will begin to in the VERY NEAR future.Much of this will happen in the coming months short term,as well as the coming years in the long term.It is WELL KNOWN that increased cultivation will DECREASE PRODUCTION COSTS SIGNIFICANTLY for TRTC/BLUM going forward while increasing profit margins.So YES,I stand by my statement that expenses ARE DECREASING proportionally to the amount of business being done.You may cherry pick some numbers and twist them to your liking,but I will keep my eyes on the whole and complete BIG PICTURE.
Although some may be disappointed with total revs,it's still a pretty significant % increase.And for those of us who try to stay informed,we know there have been issues with the Cali roll out.Taming the "black market" will help out a lot.Tax issues to deal with.Still dealing with Fed issues,but daylight beginning to show on that front.After reading transcript,I like the tone of the call.There is A LOT to be excited about with TRTC/BLUM,IMO.TRTC has a lot of irons in the fire.Derek showing a good understanding and having a true master plan.Keeping focused on the major markets that we're involved in and NOT getting stretched too thin.Showing quality sustained growth in multiple facets of the company.Expenses on the DECREASE,contrary to some of the nonsense that you may read here at times.May there be some fluctuations in the stock price?Absolutely.Will there be folks trying to scare down the price so they can jump in cheaper?Absolutely.Is there any reason to believe that TRTC/BLUM is still the best US MJ stock play that one can buy?ABSOLUTELY.The dynamics,fundamentals,and overall plan put forth by Derek and TRTC/BLUM is still being executed just as it has been for the past few years.I see the cup as most certainly half-full,and the future is VERY BRIGHT.Building out but NOT overreaching.I am LONG and loving it.GO TRTC/BLUM !! Link to transcript https://seekingalpha.com/article/4172650-terra-techs-trtc-ceo-derek-peterson-q1-2018-results-earnings-call-transcript?page=13
what's to like? --Well, for anyone who just crawled out from under a rock--TRTC/BLUM operates MULTIPLE DISPENSARIES in the 2 largest legal rec mj markets IN THE WORLD.CULTIVATION of MJ under way in both the Nevada and California markets.Hmmm,how about THEIR OWN PRIVATE LABEL BRAND of consumables produced and sold by TRTC/BLUM? A very attractive SHARE STRUCTURE with only about 67 mil shares outstanding,trading in the $ 3.00 price range(ANYBODY WISH they would've bought Canopy at $3.00? TRTC IS YOUR CHANCE)Political climate changing DAILY to become FAVORABLE TO LEGAL MJ OPERATIONS and when THAT happens,this stock will go THROUGH THE ROOF.Yeah, I guess they don't really have much to like at all.BWAHAHAHAHAHAHAHAHA.Keep on telling yourself that and sit there and watch while WE MAKE MONEY.Back under your ROCK, now.
Not sure about Peters' but definitely some Dicks about.
Blum in Santa Ana pic,DP speaks. California marijuana taxes starting slowly
https://www.dailynews.com/2018/05/09/california-marijuana-taxes-starting-slowly-black-market-blamed/
Whatever yo say,Scarecrow.
I THINK IT'S ALMOST AT .11-- LOLOL
Ya'll should really go visit a BLUM and sample some product.It'll certainly help your disposition.Enjoy what you DO have,NOT what you wish you HAD.JMHO.
Yessiree,VERY INTERESTING INDEED.Tick Tock.
** Best Guesses **
10.17 million - BriarPatch
10.6 million - Yujah
11 million - BidnessMan
19 Million--AP17
13.5 MILLION--Grizzlyman69
Well AP,I love your positive enthusiasm @ 19.Damn ,that would be nice.Put me down for 13.5 million-Grizz
SLOW AND STEADY wins the race.TRTC is growing into a BIG BOY stock,simply mired on the OTC.I'd rather see small and steady gains for an extended period of time as opposed to the wild fluctuations that the "flippers" would prefer.So far nothing has changed politically at the fed level,and until it does-AND IT WILL-we must accept the situation as it is.TRTC continues to QUIETLY grow and expand the business while waiting for the fed politics to green light this mega-multi-billion dollar industry.That's the way it stands,crying and bitching by individuals changes nothing but one's blood pressure.TRTC stands like the corn pot simmering on the stove, getting hotter and waiting for the intense boil to begin.IT IS COMING,we all know that.Which is why we own TRTC stock.Not much else can be said about it.TRTC is perched and ready to strike when the time is right.I for one am glad to see share structure and price stabilized.It keeps away a lot of the riff-raff.I'm in for the long haul FWIW and believe that we have a winner here,barring any gestapo like interference by the con-in-chief and the DC minions.
WOW,so upper management-who receive shares as part of their compensation package-sold some shares of TRTC 8 MONTHS AGO.Thanks for the BREAKING NEWS!You are a cauldron of up to date ,in depth information.Please let me know when you hear who won the super bowl 3 months ago.
"Cali going rec did not bring in the numbers he was expecting....." I don't think ANYONE should get too discouraged by 1st Q numbers.It is JUST THE FIRST QUARTER of Cali legal #'s and NOT even a year since Nevada legal. Remember that THIS quarter ,as IP has stated previously,#'s will be lower than the next Q,and lower than the Q after that,etc.That is the TRUTH of the matter.Also bear in mind in Cali,that they are involved in a LONG battle to get rid of the BLACK markets that are still siphoning off $$$ from the LEGAL markets,in the near term.This will surely improve in the longer run as the black markets get eliminated,as well as cleaning up and eliminating the "questionable" operations that currently own so many of those licenses that were distributed.Like any other business,the "shady"
ones will fall by the wayside while the cream rises to the top. TRTC/BLUM falls into THAT category,IMHO.
TRTC will NOT show a profit until TAX RULES CHANGE.THAT IS A FACT that you most certainly can understand.Why does one insist on pretending there's some big,clandestine undertaking going on?IT IS BUSINESS UNDER THE FEDERAL RULES AT THIS TIME,nothing more.NO MYSTERY. Some folks actually believed you had some credibility at one time.Fade to black.
That is what folks need to understand about TRTC/BLUM,at least those who are unsure or on the fence about investing in TRTC/BLUM.This is not a company with "visions" and "hopes" about doing "something,someday".THEY ARE AND HAVE BEEN DOING IT.Like you said AC--real buildings ,real grow-ops,producing real products selling at real dispensaries,producing VERY REAL REVENUES.Not hopes and dreams,IT IS REALLY HAPPENING HERE AND NOW.
And those of us who KNOW, know there will be NO PROFITS shown until TAX LAWS and banking regs change.Future thinking long investors understand this. Yet the children keep batting around those inane statements.MAY the fourth be with you.
VS.--1) Generated yearly Revenues of 35.8 million compared to 25.3 million, an increase of 10.5 million or 41.4%. -----I'll take that.
Sales suffered during the first half of 2018 because of the “completely botched legalization” of adult-use marijuana in California.
“We built this whole business based on the idea the (marijuana industry) would go professional,” Hagedorn said. “It’s really disappointing to see the mayhem.” --Quote from Scotts CEO Jim Hagedorn . It's NOT a TRTC thang,it's the gov't and the industry that needs to get the bullsheet ironed out. https://mjbizdaily.com/scotts-miracle-gro-eyes-consolidation-after-botched-rollout-of-california-rec-cannabis/?elqTrackId=2a02b53cef5e4ecf84f8c8d8ef6f1323&elq=fc3d412e0a994ae6b40840b60208f5c7&elqaid=195&elqat=1&elqCampaignId=95
We need Texans to vote that sucker out.POWER of the people.When the time comes,FOLKS NEED TO VOTE OUT ALL THOSE who are against freedom of LEGALIZED MJ.Too bad it's only a Texas vote for him considering his choices/decisions affect people all across the nation.
Article in my local paper just a couple of days ago(yeah I actually still read a printed newspaper,I AM A dinosaur).One of the nearby farmers(NY) is going to grow industrial hemp on a few of his acres,in lieu of corn this year.The industry marches on.Hopefully Chuck Schumer helps to get things legalized for the mj market,both Fed level as well as NY state.Gov Cuomo's
next opponent is all for legalize in NY.
A big hearty KUDOS to that,from an always reasonable voice around here.
So far, California has 6,000 licensed cannabis businesses. Here’s what that looks like https://www.ocregister.com/2018/04/27/so-far-california-has-6000-licensed-cannabis-businesses-heres-what-that-looks-like/
Hmmm,I wonder how many employees of those companies post around here banging on TRTC.Mag probably has THAT answer.
Sounds like an interesting journey,my friend.Thanks for posting.Good luck and good health to you!
Here we go with more hallucinations about non-existent alleged bankruptcy,which is NOT HAPPENING any where outside of your mind.Nice fairy tale from the fake news forum.In case you don't know,TRTC recently secured 40 million in financing.They are also pulling in HUGE REVENUES from their ongoing operations in Nevada and California which will continue to fund TRTC/BLUM.THAT IS THE REALITY OF IT.You should change your brand and take a dose of reality for a bit.YES-BUSINESS IS BLUMING.
Interesting article,NeverPost.Folks should check this out if you want some insight to the MM game.Thanks.
You probably won't be interested in TRTC.It is a REAL COMPANY,with REAL ASSETS,REAL PRODUCTS,and REAL REVENUES.Judging from some other boards you've been on,TRTC isn't your type of investment.Not a (sub)penny-pumping BS company.
No AC, the Cali coast is going to break off and sink into the Pacific.Then TRTC will be REALLY sunk.He's just trying to warn us...
Oh YES -TONS.Hundreds of thousands of companies are SO much better positioned than TRTC---NOT.That is why you're trying to drive the price down to gain a better entry,cuz they suck so bad.Transparent much?
Thanks for that totally irrelevant AND obtuse bit of fear mongering.NOW I'll sell all my TRTC cuz I'm a non-thinking scared little sheep who is easily influenced by random statements made by folks with VERY transparent ulterior motives--NOT.
No AC, say it ain't so.They're all here just trying to help save us from ourselves.I know that is true,cuz I READ IT ON THE INTERNET.
You're right about that,sugar.There is NOBODY in a better position than TRTC/BLUM in the US mj market for when the shackles come off the industry.The senseless selling by some is ridiculous.As soon as it starts to trickle down a little,the worms come crawling out with their fear and suspicions and fake news causing the "less informed" to dump shares into a self-fulfilling drop in price.A fine example of "mob mentality".I'm in for the long haul,forget about the pimples in the highly manipulated pps.Derek keeps on building the BEAST,and when the time and circumstances are right TRTC/BLUM will flourish,IMO.
"Tax things not people"-I do believe that is one of the most intelligent statements I've ever heard,BidnessMan.When are throwing your hat into the political ring?I've always believed we should have some sort of "consumption" tax on items that ARE NOT necessary to survive.Go ahead and tax marijuana,liquor,beer,high end boats and cars and mansions.Hell,if you can afford a $100,000 boat then you can afford $110,000.If you can afford a million dollar home,you can afford 1.1 mil.DON'T TAX groceries and gasoline that we need to get to work and feed our families.But of course it's the wealthy people who make the laws,so us regular folks keep getting screwed.But yes I agree,legalization and taxation of the MJ will become necessary to help bail out our countries' fiscal mess. JMO.
Almost time-punchout time grows close.Sweet Green "Bean" and a cool IPA from Saranc Brew Co are on the 4-20 menu(actually more about 5:15 personally).Cheers to my TRTC Long and Strong brothers and sisters.ENJOY!
C'mon now,just one more dollar will get TRTC to 4.20.--"I smoke two joints in times of peace and two in times of war; I smoke two joints before I smoke two joints,and then I smoke 2 more"--The Toyes
And even though having the EG property all ready to grow was a nice thing to have in the back pocket for NJ cultivation,if the deal does fall apart(which is highly questionable at this time)TRTC will simply find another place to grow.As we've seen in the past DP knows WTF he's doing.NO PROBLEM.Happy 4-20.
Opinions and imaginations,wow I'm selling all my shares based on that,LOL.IMHO TRTC WILL ACHIEVE 100 MILLION IN SALES BY END OF 2019.THEY ARE NOW,AND WILL CONTINUE TO BE,THE #1 US MJ STOCK ONE CAN BUY.THAT is MY opinion.Go buy some fake LI*E stock.