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Good to see you posting here. Hope all is well.
Not in TRTC to make a good return anymore than someone would be in GLDFF for a good return. I keep my play money in TRTC for a moon shot or I keep it in mostly non MJ stocks that will return a good return until it's wise to move back into TRTC and neither of the two you mention meet that criteria. AMD did well for me from 18-33 and it has run it's course for now, Lately I use QCOM. 5G will be bigger than MJ and Trumps protectionist policies will benefit many US companies in that field. Then there is MO, the soon to be majority owner of Cronos, and it pays 6% dividends.
Rare earth companies are so much better than what you are peddling with the tariff war in full bloom. Most of our rare earth metals come from China. There is a lot of thought going on for fully opening our mines again here in the USA. Hence the dropping of protections for wildlife and the environment. If not we will be going to African mines but that takes military presence and an Ebola decision. I think I saw somewhere where a vaccine is coming along quickly.
There is no such thing as coincidence.
Trump is a disaster that can be capitalized.
Canadian MJ looks like it's giving back a lot of it's progress it made yesterday. TRTC could gain volume from the investors in the Canadian debt hogs.
Or invest in a knife that has hit the floor like LIBE? Apparently you do.
Not really. Seems artificially depressed by dilution and shorts and P&D program traders. All we need is volume - and the completion of the plan to increase revenues, decrease expenses, and end dilution for everything other than good growth that adds more value than it costs.
Absolutely makes a few small US companies like Terra Tech the best choices for investing in Marijuana.
Terra Tech Corp. (TRTC) CEO Derek Peterson on Q2 2019 Results - Earnings Call Transcript
https://seekingalpha.com/article/4283596-terra-tech-corp-trtc-ceo-derek-peterson-q2-2019-results-earnings-call-transcript
Yes, across the board, we're getting great traction in the wholesale environment in California. We're getting great traction in the wholesale environment in the Nevada marketplace. Our partners NuLeaf, the cultivation facility, we're kicking out some unbelievable product there. There's a few great brands in the Nevada marketplace. There's a lot of mediocre cannabis at the end of the day, but our stuff coming out of the LED cultivation facilities is top notch.
So, we're getting great penetration with our flower there. We're getting great penetration with the oils that we're producing at the manufacturing facility and we're just starting to take down our first products out of our West Grand facility and we're having expanded footprint there as well.
But coupled with that, we have the Hague and Burger cultivation that should be coming online in the not too distant future that will contribute not only to topline revenue, but gross margin enhancement coupled with EBITDA movement as well. So, great traction on the cultivation front and we're excited about announcing the opening of the Hague and Burger location in the not too distant future as well.
So, not only are we launching that CBD Store in the Nevada marketplace, but the company is seeing a tremendous amount of opportunities, especially as they tie into our retail partnership on the Edible Garden division.
We just got two extra distribution facilities through Wal-Mart, for example. And so we've got a great relationship with a tremendous amount of retail doors, and we want to start showcasing some of the CBD products as well. And so we think there's an opportunity in the CBD around to get additional upside revenue and opportunities for the company as well.
"On August 28, 2018, the Company entered into a Subscription Agreement with Hydrofarm Holdings Group, Inc. (“Hydrofarm”), one of the leading independent providers of hydroponic products in North America, pursuant to which the Company agreed to purchase from Hydrofarm and Hydrofarm agreed to sell to the Company 2,000,000 Units, each Unit consisting of one share of common stock and one warrant to purchase one-half of a share of common stock for an initial exercise price of $5.00 per share, for $2.50 per unit for an aggregate purchase price of $5.00 million. The $5.00 million investment in Hydrofarm was recorded at cost and is included in other investments on the unaudited consolidated balance sheet as of June 30, 2019."
"In February 2019, we amended and restated the NuLeaf agreements and obtained control of the operations of NuLeaf. The Company has determined these entities are variable interest entities in which the Company is the primary beneficiary by reference to the power and benefits criterion under ASC 810, “Consolidation.” The provisions within the amended agreement grant the Company the power to manage and make decisions that affect the operation of these entities. As the primary beneficiary of NuLeaf Sparks Cultivation, LLC and NuLeaf Reno Production, LLC, the Company began consolidating the accounts and operations of these entities as of March 1, 2019."
Forgot that. Wife's back and it's my turn to make dinner. keto cooking is easy. Rib Eye and a salad. See you. You take care and I'll be like Arnold - back.
Please don't sweat it. I had fun. Always do. I love the English language. There are so many ways to make a fool of oneself!
At 70 and up I think folks are pretty secure in their own skins or they already curled up and died.
Cool. reminds me of my maintenance days. I retired a CW4 test pilot and maintenance officer for AH-64 and AH-1 A/C in the US Army and tried a stint flying C-12's at Davison Army Airfield but missed the freedom of attack aircraft - no passengers.
No need to thank me. Loved every minute.
My drudge work was as an engineer with a manufacturing corporation in a plant full of whinny children. Now that was a royal pain. Those guys do not know how to do preventive maintenance. It was easier to let a 4 million dollar machine break and replace it than find mechanics that would lube and inspect the equipment. And that is why Goodyear tires cost so much. They sux at managing their people.
Probably to loose - shrinking.
Not a problem I had a mother that used to tell us 'Sticks and stones can break your bones but words can not hurt you. To bad that saying is not know to the younger generations. They seem to go berserk at the first word that does not praise them. Kinda like Trump.
My grandparents come to the states and settled in NYC so you know 'real' vs pie in the sky.
Disappointed in the Americans who hate Americans. Thanks. I got my fix.
Dasvidaniya.
Revenue increased 19% versus the second quarter in 2018; up 40% from first quarter 2019.
“Our quarterly performance shows that the Company is trending in the right direction. Our restructuring program is well underway and we have already begun transitioning out of our non-core assets, streamlined both our operations and headcount, and identified some potential acquisition targets. Terra Tech is also looking to leverage relationships to investigate operations in the global CBD market due to its wide appeal, opposed to the heavily regulated cannabis market which is yet to see the same level of acceptance. We have a clear path to profitability and remain committed to building shareholder value,”
https://www.apnews.com/ACCESSWIRE/a7590df1e35ae3eb35a7420d4ff22f5e
Because that is exactly what a Russian troll would want.
Russia suxs - even Russians know that.
You should travel outside your comfort zone and meet the people you seem to hate.
EMPATHY can not come from twitter, emails, instagram any other social media. When we no longer share experiences and feel what others feel or understand what other are going through - liberalism will be gone.
I travel. so I usually spend winters in Florida and summers in North Georgia. Sometimes NY.
I did not choose it. Richard Nixon, a criminal president drafted me and Bill Clinton a disgraced president retired me.
In the middle of those two book ends, I enjoyed every minute.
I feel sorry for the guys who have Donald Trump on their orders.
TRTC will give these folks a respite eventually and at the least require them to find other homes. The odds of a MJ stock that pulls in over 60 million dollars a year staying at these level is their dream. Soon it will be their nightmare.
Never will know for sure why. Could be for several reasons why folks spend time on a small time stock board for a stock they don't own and certainly don't like.
Any choice I can think of is fairly sad.
Thanks for the laugh. That looks just a little smaller than Johnston Island. Just a little.
Absolutely. There are folks who do lots more than the folks lucky enough to serve in the military.
The dirty little secret is that most pilots would have flown for free or even paid for the privilege of flying the state of the art aircraft.
Oh No! Comparing over and over again really disturbs some folks.
TRTC now has a market cap of 42.3 million dollars and revenues projected of 40+ million dollars putting the sales multiple at just over 1.1.
TRTC is a BUY IMHO.
Just look at the debt laden Big Boys sales multiples. TRTC could be at those levels with the current guidance and the new operations coming on line. Legalization happens and we are a moonshot
I don't do fantasy, I don't get shaken and I do care.
Seems we have nothing in common.
Have a great life, seriously.
Don't do fantasy. Reality is so much better.
TRTC about even for the day.
Med Men - down4%
Cresco - even
Aurora - Down 1%
MJ index down 1%
YOLO index down 1.5%
Charlotte's Web down 2%
Cronos down 2%
CGC even
Hexo down 3%
Origin House down 3%
Ianthus down 3.5%
Curaleaf down 5.5%
Golden Leaf down 7%
CannTrust down 25.87%
Gee, looks like CannTrust should have had the benefit of our paid mourners.
Progress. From toe tapping to finger waving, a fine example of the American education system.
Did I use the word personally ashamed? Did you meet this person? Did you talk with this person on and off for months.
As for waiting, I am sure you will have to spend lots of time waiting for answers that fit your narrow view. This is why the left always eats it's young.
Waiting for perfection is the definition of "When Hell freezes over."
Nope. Defeat Trump should be first. And the far left is almost as unpopular as the Trump right. You will lose the center that voted in the last election with Sanders or Warren.
Never let perfect get in the way of progress.
Just go back to low cost federal loans and state accredited schools instead of fly by night diploma mills that do not prepare anyone and for profit loans.
I'm a little selfish when it comes to healthcare. I want everyone I meet, share space with or shake hands with to have great healthcare they can afford. All I did was to get the privilege to fly multi-million dollar aircraft and see the world while getting paid to get great healthcare for me and my family.
Every first responder should get the same. Every teacher should get the same. All who contribute to this country should get the same treatment. Besides, like I said I am selfish on this, the ability to make designer diseases is here. The home grown terrorists who figured out how to use fertilizer off the web to blow up the Federal building in Oklahoma complete with a day care center can just as easily get a hold of scary biological material and figure out how to kill even more today. Without a great healthcare system accessible to all Americans a pandemic is a real threat.
The WHOLE TRUTH - you know the stuff that they hate.
RESULTS OF OPERATIONS
Three Months Ended June 30, 2019 Compared to Three Months Ended June 30, 2018
Revenues
For the three months ended June 30, 2019, we generated revenues of $10.37 million, compared to $8.72 million for the three months ended June 30, 2018, an increase of $1.65 million or 19.0 percent. The increase was primarily due to increased Cannabis revenues due to our Dispensary year-over-year growth of $0.95 million or 14.0% due to increased customer traffic, improvements in store operational standards and enhanced product assortment. Also driving the increase over prior year is the development of cultivation and production operations, which accounted for $0.70 million of the increase.
Gross Profit
Our gross profit for the three months ended June 30, 2019 was $4.92 million, compared to a gross profit of $3.67 million for the three months ended June 30, 2018, an increase of $1.25 million or 34.1% percent. Our gross margin percentage for the three months ended June 30, 2019 was 47.4 percent, compared to 42.1 percent for the three months ended June 30, 2018. The increase in gross margin percentage was attributable to the Cannabis segment, which had $5.43 million and $3.11 million gross profit, or 52.8 percent and 43.5 percent gross margin, for the three months ended June 30, 2019 and 2018. The Cannabis segment gross margin improvements were due to an increase of higher margin private label sales, lower cost of goods from vendor negotiations and price optimization on top selling items.
Selling, General and Administrative Expenses
Selling, general and administrative expenses for the three months ended June 30, 2019 were $12.05 million, compared to $9.86 million for the three months ended June 30, 2018, an increase of $2.19 million or 22.2 percent. The increase was primarily due to (i) a $0.77 million increase in depreciation expense, (ii) a $0.54 million increase in amortization expense , (iii) a $0.47 million increase in stock options expense related to employee bonuses and (iv) a $0.43 million increase in marketing/advertising expense.
Operating Income (Loss)
We realized an operating loss of $7.13 million for the three months ended June 30, 2019, compared to an operating loss of $6.19 million for the three months ended June 30, 2018, an increase in loss of approximately $0.94 million or 15.2 percent.
Other Income (Expense)
Other expense for the three months ended June 30, 2019 was $3.20 million, compared to other expense of $3.68 million for the three months ended June 30, 2018, a decrease of $0.48 million or 13.0 percent. This improvement was primarily attributable to a $1.02 million increase in Other Income partially offset by a $0.51 million charge for Impairment of Assets.
Net Loss Attributable to Terra Tech Corp.
We incurred a net loss of $10.14 million, or $0.10 per share, for the three months ended June 30, 2019, compared to a net loss of $9.97 million, or $0.15 per share, for the three months ended June 30, 2018.
Terra Tech just turned a corner with good margins over two consecutive quarters and this quarter's revenues made a good move toward the 15.7 million needed to achieve a 63 million run rate, achieved the second quarter of great margins and the last tranche starts shortly and will be the last dilutive financing for a while unless an M&A opportunity comes along.
The dilution it will generate will provide folks with an opportunity for the ones who see TRTC as a possible moon shot.
Nothing sold - nothing lost. Another reason for patience.
What a laugh. You assume more than you know. Spit it out - be direct.
5 mil is not massive dilution. And I think most are prepared. Some may not have come in yet. Some may be waiting for the dilution we knew was coming based on the earnings call. So your thunder is just a whimper - it was stolen by Derek.
Some will wait for the dilution and the attempt to further drive down an already bottoming stock.