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As you well know,those of us who believe in TRTC/BLUM the company, are not here jumping up and down trying to entice people to buy this stock.Unlike those who spend countless hours trying to get people to SELL their stock and get the price lower by planting seeds of doubt,highly questionable information,and outdated/irrelevant articles from sometimes very dubious authors with ulterior motives.WE KNOW WHAT WE INVESTING IN.The so called "cheerleaders" spend most of their time countering the highly suspect negatives posted here with REAL FACTS and truths about TRTC's operations and goals. See my signature below,that is something I do believe.
No,let's just say I'm a realist who understands it takes a little time and patience to build a quality company.Especially one in this "quasi-legal" industry which is full of hurdles and hoops to navigate.Derek has continued to grow out TRTC/BLUM in spite of the legal and political obstacles he's had to work around.IMO he's done a damn fine job keeping TRTC fully compliant and at the forefront of the US mj industry.Billion dollar companies are NOT built in a day.The future looks bright and GREEN for TRTC,IMO.Sorry if that reality upsets the flippers-NOT.
That's a really good article which combats a lot of the negative posts and bad info that gets brought up here RE: TRTC and their process as they build out the business.
"However, the state is only issuing temporary licenses right now. These temporary licenses will start to expire at the end of April (each is valid for 120 days from the date of issuance). When a temporary license expires, the license holder can apply for a 90-day extension if they’ve submitted a complete application for a regular license. This is something to watch in the coming months as things could look very different in the future."--What that says IMO is right now anybody that wants one is pretty much getting one.Then,when the "temp" licenses expire,the weeding out process will begin.There will be mergers,acquisitions,and those that simply go by the wayside into oblivion.TRTC has ALWAYS been at the top of their game,following necessary regulations.They will continue to stand tall in the marketplace.I'm sure a lot of these new "wild west" entrepreneurs won't be able to abide by all the state rules and regs.TRTC WILL as they always have.Many great opportunities will most likely arise for TRTC to increase their California footprint in both cultivation and retail dispo's as time goes by.Competition will make the good companies,like TRTC,stronger while it weeds out the weak ones.
Good article DD8.No reason at all TRTC shoudn't be at those pps levels of our Canadian counterparts .That is except for our damn gov't gumming up the works.Two interesting quotes-- "In no other industry could a company like Canopy Growth have a $4.9 billion valuation—more than 98 times its reported lifetime revenue of $46.8 million. Aurora’s valuation is over 220 times its reported lifetime revenue." And this -"But Canada’s entire population is only 36 million people, 3 million less than California alone." TRTC = $$$$$.
To put things into perspective, Apple (adjusted for stock splits) could have been bought for .20/share in 1985 during the industry’s infancy. Monster Energy (currently $49.50) could have been bought for .20/share in the energy drink industry’s infancy; marijuana is an immensely bigger market than the energy drink space, mind you. Nuff said ,save your fear mongering.That came from a Seeking Alpha article about TRTC.I simply agree with it.
TerraTech: The Google Of The Marijuana Industry?--Although TerraTech started off somewhat rocky, I believe that no other company in the marijuana space comes close to the position they are currently in. Their corporate governance could be stronger but their accounting practices seem to be solid as they have produced audited quarterly and annual reports. As this is not required of OTC stocks, this is something that I consider outstanding. Having all aspects cornered-off (from cultivation to sale) this company can be a major player in the marijuana industry. If TerraTech can cut its cost of goods sold, cut its administrative expenses, buy back shares/quit selling stock, it is an absolute home-run buying opportunity. Even at these levels it seems like a steal. Once the liabilities are taken care of and expansion is cash-flowed from current operations, they can see substantial gains going forward. Do they have plans in acquiring other dispensaries to REALLY corner-off the market?
To put things into perspective, Apple (adjusted for stock splits) could have been bought for .20/share in 1985 during the industry’s infancy. Monster Energy (currently $49.50) could have been bought for .20/share in the energy drink industry’s infancy; marijuana is an immensely bigger market than the energy drink space, mind you. Imagine if this company turns out to be the Google of the cannabis industry. The potential is certainly there. Time will be the only determining factor. Will management decide to squander this opportunity for short-term gains? Or will they make a commitment to becoming a huge monopoly in this industry and rake in billions?
Now that is a really nice fairy tale you wrote for us,I'll read it to my grand kids before bed tonight.The reality is that TRTC's share price is trending down along with a boatload of other stocks.Both within the sector and outside of it.Are all the folks up in Canada,those running ACB#^ or TWM$% , SPR#*, OGR%*,CBW&*,etc all crooks also?As their share prices all down,also.How bout the crypto stocks y'all like to pump?(well yeah,those ARE run by crooks,can't argue that point).IT'S THE MARKET,BABY.TRTC is a part of all that.Take a good hard look at TRTC THE COMPANY,and you'll see none better positioned in the US mj marketplace.Big bump in the road right now no doubt,but not the end of the world.Expansion continues as new markets open up and TRTC/BLUM is still leading the way.TRTC has REAL PRODUCTS,REAL DISPO's,REAL SALES.Unlike so many other "mj" plays who try and take your money selling you an idea and a dream.TRTC is running strong IMO,and growing as we speak.That IS A FACT.
Gotta stay focused on THE BIG PICTURE for TRTC/BLUM.Certainly not happy with the short term spanking we're having to endure,but I can't get too stressed about it.BIG PICTURE.And believe me I have a sizable amount of cash(for me anyhow)wrapped up in this baby.The opportunity was there to bail,but I'm a big picture kind of guy.And the BIG PICTURE shows TRTC/BLUM to be a monster in the making,no matter what kind of fear "the crew" keeps on trying to spread.The TRTC ship will right herself after weathering the storm and the sailing will be glorious with the next leg of the journey.
Don't worry about a thing
'Cause every little thing gonna be alright
Singing' don't worry about a thing
'Cause every little thing gonna be alright-----Bob Marley.....................Trtc will be ALRIGHT.
Investing in cannabis: Q&A with Kevin O’Leary of ‘Shark Tank’ https://mjbizdaily.com/investing-cannabis-qa-shark-tank-investor-kevin-oleary/?elqTrackId=2870aeb13ec240bba83472d0497c009d&elq=bb8696d13458410ab97d7b26271bac3f&elqaid=108&elqat=1&elqCampaignId=31
Boy I hate to say it but that's how it looked at my house yesterday AM.My calendar says April.I think it's wrong.
Equals=Higher revenues,bigger footprint,better returns,BRIGHTER FUTURE.
Divide it by 15 ,post r/s from a few weeks ago,puts it in the neighborhood of 67 million OS.
Well Yujah ,I admire your enthusiasm for sure.300 mm might be a bit optimistic for 2019.But as stated,100mm for 2018 not out of the question by any stretch.Yeah,the haters are not taking the cultivation #'s into account AT ALL.If you watched Canopy's footprint explode over just a couple of years,I definitely see that kind of potential for TRTC/BLUM.We've been pushing the ball UP the hill for the past 2-3 years,now this baby is gonna start rolling DOWNHILL and I think things are going to happen really fast for TRTC in 2018 and beyond.As IndustryParticipant has stated,things get easier with the experience TRTC has gained.Op's get built and operational much,much quicker the 8th,9th and 10th time over the first couple of times.TRTC is getting better and the political/legal climate will get more industry friendly also,in the near future.TRTC is doing a LOT of good things.
It's all speculative BUT,Nevada had only 6 months of rec sales 2017 so easily multiply those sales times 2,quite likely more as more visitors include the partaking of such products as part of their "Vegas vacation".Cali had ZERO rec sales 2017.Yes,ZERO.Much bigger market than Nevada,so numbers will be exponentially bigger than Nevada.Also,TRTC is still growing out their operations and will have MORE DISPO's as well as MORE GROW OPS resulting in exponentially MORE REVENUES for 2018.No reason at all revs shouldn't at least double to 70 plus million,with the potential to be significantly higher,IMO.And that,my friend,is not at all dumb.Now go search for your basket,it may take you a while to find it.
I would have to agree with you AP.I try not to be too overly optimistic,but I would actually be quite surprised if they're not knocking on the door of 100 million revs for 2018.I have stated that before,but I also thought they would've hit 40mm for 2017.SLightly disappointed they didn't,but no doubt heading in the right direction.Especially with all of the political "distractions" they've had to deal with.
C'mon now,are you gonna tell me that's his real name "Kenny Soulstring"? I think there should be an investigation on that one. Any policeman around here?
Honestly,I'm looking for that 70 million revs for this year.Full year of Cali,full year of Nevada(vs only 6 months in 2017).Looks as if share price has settled at the bottom(hopefully).Pick a good spot for entry.Good luck,I hear you on that retirement plan.
VERY EXCITING TIMES INDEED for TRTC/BLUM.Thanks for keeping things updated,BriarPatch.Lots of GREAT things in the works.
Wow--undated,unlinked,and non-authored.Great piece,must have got that from a Mag&% file.Everybody sell their shares,the sky is falling.Very weak effort,but thanks for playing.Hurry and go buy some LI%E before they're out of business.
Damn,Amazon shares down $85 today.Tesla down almost $100 the past month.Terra Tech down $1.50 post r/s .All the BIG boys under pressure,LOL.Glad I'm not rich enough to have to worry about watching those two tickers drop.LOL
Old news -from January 4th-preceded the mj sector decline nearly 3 months ago.
SOONER ,rather than later IMO.
Probably less than that.NO Cali rec,ZERO,in last years revs.And only 6 months worth of Nevada rec.IMO we should be approaching that 100 million figure eoy 2018,with a full year each for Cali and NV.Also much more happening with grow ops and additional dispensaries as we speak.2018 is gonna be a good year for TRTC,better than the last 2.And those weren't bad years,contrary to some of the drivel you may find posted.
Y'all do realize , I hope , that Nevada Legal Rec has not even been open 9 months.California Legal Rec open less than 3 months.New Jersey Legal Rec WILL open in about 9 months.TRTC/BLUM had over 35 MILLION in revs last year.That includes ZERO Cali rec and only 6 months Nevada.WE ARE STILL AT THE VERY BEGINNING of this multi billion dollar industry.IT IS STILL BUILD OUT TIME,that is a fact.And TRTC keeps on building and acquiring assets.Spending money now to make many times more that in the future,THAT IS HOW GREAT BUSINESSES ARE BUILT.Those who keep on trying to talk down the share price know that.That's why they are trying so damn hard,trying for best possible entry.It is so obvious.They know where this is going to end up and it's definitely not going to be .11,hell no .I don't see these tactics on any other board.That says a lot about the future of the company IMO.What an effort on their part,but in the end TRTC is gonna be leading the pack in the US for mj plays.KEEP YOUR EYES ON THE BIG PICTURE.Don't let yourself get shaken out,you'll regret paying more later on.And if you're still on the sidelines thinking about buying,keep a sharp eye out as I'd say we're pretty close to the bottom.Eventually the cream rises to the top.TRTC,the company,is doing GREAT things.TRTC the stock is trying to break the chains of manipulation.Share structure is FANTASTIC right now and the swing up is coming.
Top shelf ,rational assessment AC7880.TRTC is EXTREMELY well positioned for the future which,as we all know,comes upon us rather quickly.No other publicly traded company even comes close to what Terra Tech has built already and has working in the hopper,IMO.
Why?????? Cuz there is not a better publicly traded mj company in the US at this time that one could invest their money into.All those trash talking TRTC are trying to bring the price down as low as possible before THEY buy in.That's the basics of it.Nobody in their right mind would post negatively hour after hour,day after day about a company that they dislike.All in the name of "watching out for other folks".That makes no sense at all,IMO.It's a game for them,some of whom get paid for it.
Well if you take the Jan 12 price of .29 multiply by 15(split multiplier)= 4.35 per share.Now subtract 33% = 2.91,the appx price now.So yes it's down 6 more points post split than the stated 27% for the index,certainly NOT THE END OF THE WORLD,as you and the crew would have us believe.The sky IS NOT FALLING,CHIKLITL.But thanks for looking out for us all.
Good article,thanks.Important quote in there IMO--"My caution on cannabis stocks has been warranted, as the Global Cannabis Stock Index has sold off more than 27% over the past two months since my warning."--Hmmmm,27% is just about what TRTC is down since rs.Things will be looking up very soon.TRTC still is the best publicly traded mj company out there.Stock price beat up a bit along with the rest of the sector,but company is rock-frickin-solid.Stock price NOT beat up as badly as some of these crypto companies being pumped by anti-TRTC crew.Beware of the "whisper in your ear crew".
Damn I want NY legal.BLUM-Buf has a nice ring to it.(Blum-alo?)See if mj was legal Zay Jones might not have tried some of that funky shtuff that almost made him jump off a 30 floor balcony.Sad,but true.
Please elaborate on your nefarious fear mongering statement of -quote- "100’s and 100’s of Millions of shares are now bleeding us to death".Can you spin us some sort of fairy tale for such a statement,please?Does the TRTC o/s count not sit at around 67 million?Is there a fire in the theatre?
A big part of the anti-TRTC rant does not want investors to think about or understand start up business practices,or new growth industries.Their argument is FEAR.You'll notice how much old,outdated information also keeps getting re-posted.Has nothing at all to do with the current state of TRTC/BLUM.I see you are on top things,as are most TRTC investors who can see THE BIG PICTURE and mammoth possibilities for Terra Tech.
This article is 2 1/2 months old,that would be what precipitated the price drop,sector wide back in JANUARY.
Congratulations on your promotion to new leader of watching out for us all.I feel so much safer and ill informed now.THE REALITY OF IT ALL IS THAT TRTC is closer to canopy than any other US MJ stock out there.And with only a 200 mm valuation for TRTC there is an awful lot of room to grow this share price.TW#*# valued at close to 5 Billion$$ with 198 mm shares outstanding.TRTC has only 67 mm shares out.A 5 bagger on this is VERY REALISTIC,a 10 bagger in a few years not out of the question at all.The concentrated effort by the crew(including some new imports)trying hard to drive down the price backs it up as being a good investment,IMO.If TRTC was a lousy investment,they would simply move on to something else.
That makes his opinion at least as good or better than one who bashes daily on a stock they have no interest in.Don't hate the facts,just cuz TRTC has outgrown your agenda.You can still get in at a great price,with a REAL MJ COMPANY called TRTC.
The vast majority of the folks that left were the fearmongering penny flipper crowd.There is just a couple left,as TRTC stock no longer fits the parameters of their "playlist".They are now trying to sucker in folks to play penny crypto stocks,or other entities that have no buildings,products, or sales.That is NOT the TRTC/BLUM model as we all know.TRTC will be a giant in the US MJ industry,IMO.
Terra Tech Corp.--By Brandon A. Dorfman
MAR 21, 2018
Recently released financials for the 2017 fiscal year show Terra Tech Corporation’s (TRTC) (TRTCD) aggressive expansion plans to be paying off only three months into California’s legalization experiment. According to a statement, revenues for 2017 hit just over $35 million, representing an increase of 41 percent over the prior year. If that were not enough for pot stock investors, their last quarter saw revenues of approximately $11 million. That number represented an increase of 54 percent from the previous year.
Terra Tech runs multiple subsidiaries, including Blüm, a retail dispensary for medical cannabis products and IVXX Inc., a producer of cannabis extracts for the medical cannabis market. With locations in Nevada and other holdings in New Jersey, the company has the bulk of their properties located in California -- enough so to entice the weed stocks crowd into investing.
“In California, we currently have dispensary operations in Oakland and Santa Ana, and are continuing to build out another dispensary in San Leandro as well as cultivation and extraction facilities in the state,” said Terra Tech CEO Derek Peterson in a recent statement. “We are encouraged by our progress establishing recognizable brands, a loyal customer base and developing extensive cultivation capabilities, which we expect to allow for the production of up to 20,000 pounds of cannabis per year, when complete.”
He went on to say that, “as the U.S.'s largest state by population, California represents a major market for us.”
Trading at over $3.00 per share, and with a market cap over $200 million, Terra Tech is a California cannabis stock worth watching in the near term.
Well let's see,I've made money on TRTC and am VERY GREEN with my current holdings and I believe the future is very positive for TRTC/BLUM.Sounds to me like you haven't done so well with the company.I think I'll pass on your advice,but thanks for playing.TRTC has been pretty fantastic the past few years IMO.California has 3 dispo's operational.Nevada has 4 dispo's operational.Multiple cultivation op's are either operational,or in the works and coming on-line soon.Labs and kitchens are operating and producing IVXX brand edibles,oils,vapes,etc. for distribution.Over 35 MILLION DOLLARS IN SALES for last year.Business is growing exponentially for TRTC/BLUM.Cali rec just began in January.NJ rec happening within 9 months appx.TRTC is in position to be in the US what canopy is in Canada.Two years ago canopy stock was around 2 bucks pps.Now it's around $25-26 after spiking to $36 a couple months back.A LOT OF SIMILARITIES between them and TRTC.The footprint continues to grow for TRTC to be a dominant force in the US MJ industry.I am definitely looking to the future,as a good investor should.That is what a good company should do.I'm sure Derek is eyeing up more mergers/acquisitions for the future of TRTC/BLUM.
Well anybody that was paying attention,to this board at least,knew at least a day in advance when the r/s was announced.That gave folks plenty of time to unload shares if one chose to do so.It wasn't really all that "sneaky".Such drama.