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I don't think they can until Feb 7 ;)
Good post On2. And with your feet planted on the ground. Well done.
Soda and Mentos
So I and a few other have been saying that PHOT could have struck a better deal with CANX at todays price. Using a discount. True.
But here is another scenario. All conjecture and maybe it's been discussed.
Phot has been selling current A/S into open market on the recent price spikes and definitely higher then .033. Let's say 200m shares at an average of .20 = 40M. This would not be hard to do given recent volume and momentum surrounding the sector. Okay so now we are left with 100m A/S or so. This doesn't satisfy the CANX deal and 100m really isn't enough gas in the tank. So we raise A/S another 2B. It needed to be done based on the CANX deal and the price at the time of the deal. So what? Those shares IMO may never see the light of day. Unless some huge opportunity comes along. Which isn't a bad thing.
So here's the soda and mentos analogy. Everyone is calling for the price to drop before the vote (drop in the mentos). Good for me. I'm buying. The A/S passes and the next day the lid blows off the soda bottle with multiple GIFT contracts, partnerships and or acquisitions. And an announcement that they are already sitting on millions of cash for more deals. Boom!
More than just OTC.
http://shortanalytics.com/
LA
Your best post to date.
"will continue to light up the facility a section at a time throughout the year as we bring in the demand"
It didn't say crop rotation. Specifically demand. But you bring up a good point. I'm sure timed grows need to be considered for continuous supply.
I'm not stating the 10m was a pump. Just the time frame. Which is important.
Sorry. I sometimes have a problem discerning enthusiasm from pumping.
Have you read this board for the last month?
Some were saying this year. Yes it will be 10m per year. Just not this year. And yes it was being pumped.
I liked today's news and it seems so do a few others.
However those that were pumping 10m from this facility this year did no one any favors.
I like that fact that they are fazing in grows to satisfy demand as it arrives. Which tells me this facility was built with more than just EG in mind. Wink.
Otherwise they would be expanding EG grows immediately past the current half acre. I did see the projection of 25% growing expansion per quarter. Which means they won't be at full capacity until at least another year. Which is fine.
I believe it is very smart of Derek to use EG to build out grow facilities across the country so that as soon as MJ can be legally grown TRTC will be ready on day 1. I haven't looked but are most of the current EG grows and future ones being located in states that are either legal or considering legalization of MJ?
Hmmmm?
Also they are probably being built larger than the needs of just EG.
I agree which is why I posted it. But I know I read another interview where he specifically said the Fall.
Oh well. I'm going with they applied already.
From Huff post
Though medical cannabis has been legal in the Nevada since 2001, the state did not allow for dispensaries until 2013. Under Bill 374, signed into law last June, Nevada will allow 66 dispensaries and an unspecified number of grow facilities, kitchens, extraction labs, and testing labs, to operate within the state. 40 of these facilities are allotted to Clark County, where Las Vegas is located, and TerraTech is vying to operate at least one of them.
The Division of Public and Behavioral Health, under Nevada's Department of Health and Human Services, is managing the application process, and based on their criteria, Terra Tech has a strong chance of approval. According to, the agency's deputy administrator Marla McDade-Williams, companies who have a history of success in the industry stand a far better chance of gaining a license to operate. She stated, "Prior experience is a factor we're considering, as well as security, plans for monitoring product, and resources they're putting into inventory control."
As a public company, Terra Tech has only operated in commercial and retail agriculture, producing hydroponically grown food crops and other plants. Though the company has not yet gone into cannabis cultivation, CEO Derek Peterson operates a privately held dispensary in Oakland, CA. Drawing on their resident expertise in both marijuana farming and large-scale hydroponic operations, Terra Tech is the strongest candidate to begin a large-scale marijuana production facility in Nevada.
The last article where Derek was interviewed he said not until the Fall. Which is when they start taking applications.
But now this points to April and another article makes it sound like they already applied.
Maybe someone else has the answer?
I couldn't imagine holding this short overnight.
Let's see EOD run again.
I surmised that Ziggy. It's prudent. I think the mission of 420 has changed. At least it's host. IMO
Flippers from Friday that bet on PM news.
Okay.
1.) AB runs 420investor which trades a paper MJ stock portfolio. Recently we have seen articles and quotes from him regarding the sector being overvalued in his opinion. It seems that's when his portfolio is empty. And only after it's empty. Having the microphone and the only "analyst" really covering the sector it's a bit suspicious. He has a lot of followers on SA and can (IMO) influence sentiment.
2.) Hew flew to Co with a group of 420investors to visit dispensaries and grow facilities. He's has also been quoted as saying it's better to invest in private companies right now. Arcview has said the same thing. Why? Possible he is starting his own venture capital company with big dollar investors from 420 or elsewhere. Something is definitely brewing with him.
I respect some of AB's opinions on certain companies and some of my DD has backed that up. But I'm still sleeping with one eye open.
Maybe.
But I'm more inclined to think it may be investment groups looking for capital to invest in the sector. Sort of like BD stocks. Who knows.
Correct but up list isn't the same as NAS IPO.
AB has been pounding the private investment theme lately. Not sure why. I have an idea but it would speculation.
They will be new companies offering NASDAQ IPO's.
"is that new companies are on the way"
What makes you say it's TRTC?
My guess.
PHOT provides funding and equipment to FIT$ thru GIFT. In turn FIT$ forms distribution agreement with EAP$ which is a pharma involved with MJ thru a recent acquisition. I think the deal is done and they cannot announce until PHOT and FIT$ announce first. This will push EAP$ share price thru the roof due to relatively low float.
So there you have it. Financier (phot), grower (fit$) and pharma distributer (eap$)
All speculation of course.
Those were computer generated characters on stage beamed down by aliens in a 3D hologram matrix.
I can't prove it so please don't ask me to.
You are on the FIT$ boards and you know the theory posted there in regards to phot, fit$ and the arcview conference.
Not sure why he keeps pounding on valuations then promoting private investment. Something up here with his 420 peeps visiting CO?
Why does he keep feeling the need to throw a wet blanket on the sector?
In regards to valuations it's his opinion. Would I buy the company outright for current valuations? No
But I wouldn't buy speculative bios, Twitter, Amazon, Tesla, Facebook and the list goes on and on based on their current valuations either.
These and MJ stocks are based on potential future valuations. Speculation. If you want to invest in a company that's in an established industry and is trading at a low "undervalued" valuation then buy some blue chips in a week or two when the market keeps crashing.
I don't see how at this time you can place numbers on market caps. The market is forward looking and if you think PHOT has the potential to be a much bigger company, then base your market cap price expectations on that and not present conditions. This is a new and unestablished industry so who knows what a fair valuation is? Those who invested here are in on the ground floor and I don't see a basement on the elevator push buttons.
I believe another medical distribution company will be brought into the fold. A company specifically setup to benefit on the medical MJ side in perhaps Canada at first then possibly domestically. All speculation though.
GIFT and increase in A/S will be worth a lot more than 40M. ;)
The initial investment is probably around 2M or so and then equipment etc. IMO
Not a merger. At least for now. It's not PHOT$'s business model to grow mj right now. IMO it's complete funding, equipment and technology for growing without PHOT getting their hands dirty, so to speak.
Not without a share buy back or, bite my tongue, R/S.
$5 with current O/S makes it 5B company. Not for awhile IMO.
Not without a share buy back or, bite my tongue, R/S.
$5 with current O/S makes it 5B company. Not for awhile IMO.
Good post Lombardi.
There will be consolidation. How it turns out? Who knows.
But it's fragmented right now and we will see some dropping to the side and some merging together. Those that merge or work together at least in the near term will be the most successful IMO.
Thanks for the link.
"He said Terra Tech will apply for licensing as a cultivator and dispensary when the application process opens in the fall, starting in Clark County."
Not harvesting until next year in Nevada.
"adding that the company’s estimated value is more than $30 million."
Nice.
Sorry.
Ra Ra Ra. Go TRTC. Better?
I wouldn't want to see TRTC get funding from private equity at this point. They just did a round of AS increase and this probably would require more. Not that it's always a bad thing. Well for flippers it is. Not longs.
Another route would be to sell the equipment side if the margins aren't there and generate some $$ that way. I suspect that may happen anyway.
Thanks green. Good points.
But the way I see it EG won't generate enough free flow cash to build out when TRTC needs to (near term). If it's for MJ growing expansion it needs to happen now. Not later. The train is leaving the station.
I agree they won't need it in the long term though.
All speculation so we will see how this all shakes out. Exciting times for this sector.
I think you know the answer. Seems more of a rhetorical question.
This has nothing to do with PHO$. If your invested in TRTC, what do you care how PHO$ gets the money? If it's to TRTC's benefit, then personally I don't care how PHO$ gets it.
Sorry. Duplicate post.
Geesh. Of course it's speculation. And know one has proof. But we can have a discussion?
I don't consider the deal bad for TRTC (if it happens). As a matter of fact if it happens I'm buying more shares. Has nothing to do with "someone wanting my shares"
Just because TRTC may start to be cash flow positive, doesn't mean they will have enough cash to build out rapidly. Which is required. And soon.
"Derek is not going to sell the farm now when finally all the ducks are in a row. "
I never said anything about "selling" the farm. GIFT has nothing to do with that.
Not the same thing.
Ra Ra go TRTC
Growlife Infrastructure Funding Technology
In other words. Financing for rapid expansion without dilution to TRTC shareholders if it happens.
Ya ya ya. I know, don't need it. Riiiight :/
To those who discount this. You will be jumping up and down on this board if they get $$$$$ from it.
We will see soon enough.