Loving the great outdoors
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Heavy volume heading into the close,and they were BUYERS not sellers.Excitement in the air.Let's hope we're not disappointed.IN DP WE TRUST.
You know I hate pointing out your inaccuracies BUT they could've gone as high as 50:1 r/s, so 15:1 is closer to the bottom than the top.Your quote "Man i can't believe derek went to almost the highest approved RS which was 20 to 1", is a bit off.This is the statement put out by TRTC --Incorporation to implement one or more reverse stock splits of the Common Stock at an aggregate ratio of not less than one-for-five and not more than one-for-fifty
With this now happening today,the fact they're releasing #'s this THursday tells me those #'s must be looking really,really good.Anybody have any thoughts on that?(Coherent ones,please.Save the old and tired "they're criminals" rants)."Jumpers" get a chance to jump either today or Friday if they don't like what they hear.I'm holding tight and riding long.GO TRTC!Bye,bye flippers.Now you're either in as a believer,or you are out.The madness ends.
Now We'll See What Happens--Details
Previous Value Current Value
Symbol TRTC TRTCD
Issue Name Terra Tech Corp. Common Terra Tech Corp Common Stock
Class
Maturity Date
Market Category Other OTC Other OTC
Unit of Trade 100 100
Regulatory Transaction Fee Yes Yes
Financial Status Indicator
Current Value
Daily List Date/Time 03/12/2018 12:00:27
Event Type Reverse Split/CUSIP Change
Effective/Ex Date/Time 03/13/2018 00:00:00
Subject to Corporate Action CD
Offering Type No Restrictions
Daily List Comment Fractional shares rounded up to the next whole share
Daily List Event Code DA
Forward Split Ratio
Reverse Split Ratio 1:15
Dividend Type Reverse Split
Percentage 0
Cash Amount 0
Declaration Date
Record Date
Payment Date
Payment Method PUS
Qualified Dividend Code
Record ID 40110494
We should start a go fund me page and send pj to both BLUM and Disney.That cat needs a hug from Mickey.
Wow such animosity(that means anger FYI,don't want to confuse you).I know you love Canopy,up north.Your rant (quote)-"ALL THAT MATTERS IS THE FINANCIAL NUMBERS" Hmmm how much have they made IN PROFIT so far? I'll save you the trouble...NOTHING,ZERO profits,zip,nada.THEY ARE RE-INVESTING TO GROW OUT THEIR COMPANY,THE SAME AS TRTC/BLUM.I guess TW#$% must be a sucky company too.You'd be very hard pressed to find many (any???) mj companies showing profits at this time.Please take your agenda elsewhere,or keep it civilized on the TRTC forum.The nonsense you post is tiresome and old.Stop trying to bully folks who are trying to have a discussion.
Well at least you altered your cut-n-paste a little bit,we appreciate the variety.--One of many "alternative facts",your quote"There's a reason the PPS is .26 after Nevada has been recreational a year, and California has ben recreational for 3 months lol"-For one who tries to sell themself on being SO into facts and details, FYI it's only been 8 months in Nevada,and only two for Cali.But hey,what's a little stretching of truth between strangers,eh?Also,please do a little research on startup and operation of a NEW business,then you may understand how one generally doesn't just open the doors of a new business and become an instantly profitable success,that would be more the exception as opposed to the rule.Do some research and you will find that out.Many hugely profitable companies struggled mightily in their early years.In particular for TRTC they didn't just look to open a single profitable dispensary to sell mj,they've been in the process of building out a multi-state operation including dispensaries,grow ops,labs and kitchens for producing various edibles,oils,etc."Seed to sale" they truly are.And they have built it despite the financing issues and legal hurdles,TRTC is on their way to being a MAJOR PLAYER in the US mj industry.I know this flies in the face of your agenda,but REALITY is what it is.TRTC will prosper,despite the fairy tales some like to share with us.Hope I didn't hurt your feelings with a dose of truth.
On March 12, 2018, Terra Tech Corp. (the “Company”) issued a press release announcing that it will release its full-year 2017 results on Thursday, March 15, 2018 after U.S. markets close. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.----Nice,just three days away.And on a Thursday,I'm thinking they must look pretty good.TRTC will be on the RISE.
America is giving away the $30 billion medical marijuana industry
Interesting read,IMO.---http://www.msn.com/en-us/money/markets/america-is-giving-away-the-dollar30-billion-medical-marijuana-industry/ar-BBJYgDy?li=BBnb7Kx&ocid=U348DHP
If opioids aren’t the answer to chronic pain, what is?
For a growing number of doctors, the answer comes in the form of another less dangerous drug: cannabis. https://www.yahoo.com/lifestyle/marijuana-treat-chronic-pain-better-opioids-205015851.html
Thanks BidnessMan, for filling in that info for those who aren't aware of where this persecution originated.Yet the lies and propaganda continue.You would think that "a very stable genius" of a president,like we now have,would take the easy victory and stop the madness of mj prohibition,while increasing state tax dollars.Hell,slap a fed surcharge on it and use it to fix our infrastructure with it.Of course prohibition is also a tool he can use in the event he needs to crack down on some blue-staters that upset him.
Thanks for the daily cut-n-paste.It really adds a great dimension for discussion and as we all see it's really working to drive up the price of TRTC stock and increase the value of your investment.
The part that really makes my blood boil about mj and its' prohibition is that they keep calling it a "drug".IT IS NOT A DRUG,IT IS A PLANT,or an herb.I don't know,but are there any other plants that are deemed illegal here in the "land of the free"? Poppies must be processed to produce heroin.Coca leaves must be processed to produce cocaine.CANNABIS is a damn plant just like tobacco,EXCEPT IT'S LESS ADDICTIVE.The prohibition of mj is purely political repression.Nixon stated such a thing.It is time to end the nonsense of locking up people for possessing a damn plant! One that GOD put here on this earth,for those of you with religious convictions.One that's been used by civilizations for thousands of years.It is truly ridiculous.Congress must end the madness NOW.
But would you agree that an uplist probably won't happen without some clarity/legalization from the feds?That's what I think is our biggest problem right now.Investors are hesitant,and even the quality businesses like TRTC/BLUM,operating under state legal formats,still have to keep looking over their shoulders for the very slim chance of some type of fed intervention.Though I personally don't think it will ever happen,one can't be certain with the unstable lunatics we have running things in D.C.I just wish we could get some solid federal legislation passed and let this multi-billion dollar enterprise fly with all the shackles off.
I'm thinking that you know what you're talking about.Most of us here realize that it takes time to execute the TRTC game plan.Then there are those few who enjoy playing the "hating game".More for entertainment on their part than anything else,IMO.There is no company in better position in the US mj market than TRTC.
Now that is funny cuz I make a lot of jam myself.I have pears,blueberries,apples and grapes on my property.I always make a big batch of hot pepper/pear every year.Good stuff,just like the next TRTC numbers will be,TASTY.
You got that right.And true to form,the first one of the day backs up what you said.Cut-n-paste same old,same old.What flavor you making? Waiting on the TRTC numbers....
"Weedmaps.com must immediately cease all activity that violates state cannabis laws"--https://mjbizdaily.com/california-orders-weedmaps-stop-advertising-unlicensed-marijuana-businesses/-- The crackdown on unlicensed mj businesses continues in California.This is GOOD NEWS for those playing by the rules,like TRTC/BLUM.On another note AG Sessions is in Cali to talk immigration.Maybe he'll stop into BLUM and finally see the light,and loosen up his ultratight bunghole.Wishful thinking.
Along with most of the mj sector being down,both Canadian and US.It's not a TRTC thing,it's a "sector" thing.TRTC is still the BEST mj stock in the US with REAL BUILDINGS,REAL GROW OPS,REAL PRODUCTS,producing boatloads of REAL REVENUES.This is NOT a "maybe/someday/I have a dream" company.TRTC is the REAL DEAL.
Publicly traded plant-touching marijuana companies: Q&A with Terra Tech CEO Derek Peterson
Published 9 hours ago | By John Schroyer
One arena in which the cannabis industry has struggled to make serious gains is the stock market.
Most plant-touching companies that are also publicly traded still live on the over-the-counter markets, dreaming of the day when they’ll graduate to the Nasdaq or the New York Stock Exchange.
Derek Peterson is no exception.
As the founder and CEO of California-based Terra Tech Corp. – one of the largest and most stable publicly traded plant-touching cannabis companies in the United States – Peterson’s ambitions for his business include getting to $100 million in revenue and then upgrading from over-the-counter markets to a major stock exchange.
Terra Tech has acquired 10 marijuana retail and cultivation permits in both California and neighboring Nevada since its founding in 2008, along with a burgeoning traditional produce business to help diversify its portfolio.
Over the past decade, Peterson has built the company into a solid force that went from roughly $7 million in revenue in 2014 to more than $25 million in 2016.
Though Terra Tech’s financials for 2017 haven’t been fully released yet, the company stands to do even better, with revenue of nearly $25 million for just the first three quarters of last year.
Marijuana Business Daily caught up with Peterson to talk about marijuana banking issues, Terra Tech’s growth and how U.S. cannabis companies can compete with their Canadian counterparts.
What are the biggest challenges in running a publicly traded plant-touching company?
Banking. Because we’re publicly traded, we have quarterly reviews and annual audits.
And because we have to deal in cash at almost all of our locations in some capacity … we have no long-term banking solution generally in any market.
That adds a ton of time and complexity to the audit.
When you add time to the audit, it raises the risk of not meeting your filing deadline. When you add complexity to the audit, it raises the cost.
The cash handling – besides the security of it, the expense of it, the irritation of it – creates a very challenging and expensive environment to audit a public company.
Literally everything – every transaction that we make on the cultivation side or the retail side, every piece of product that passes through distribution to retail, every product movement – needs some sort of journal entry in our accounting.
Any one of those journal entries in the accounting could be subject to our audit review at the end of the year.
We have to do monthly cash counts, where auditors come out to our facilities and reconcile our cash on a monthly basis at our different locations.
It just ties into so many little nuanced areas of the company, from the reporting, from the 10-K filings, to the Q filings to different 8-K filings.
Terra Tech’s revenue more than tripled from $7 million to $25 million between 2014 and 2016, and you were at nearly $25 million during the first nine months of 2017. What do you attribute that solid growth to?
The main driver over the last year was the implementation of adult use in Nevada.
We hold the most permits in Nevada. We have four retail stores, large-scale cultivation, large-scale extraction, two additional stores that we have in partnership with NuLeaf by sharing a cultivation facility.
We also had some other acquisitions and some organic growth within California, and some growth on the (traditional) produce side.
This year, we’re spending more time on pushing our wholesale brand throughout California.
We’re lighting up a lot more cultivation and extraction space in the California marketplace.
We’re bringing online our large-scale cultivation and extraction facility in Nevada.
So, this year, we’re hoping that a lot of the organic growth will come from M&A on the retail side and from organic growth of our manufacturing and wholesale brands.
Which states or countries are you targeting for expansion?
We were heavily focused on Nevada.
Being in Nevada was not only to take care of the tourism aspect, but you get macrobranding there because you get to expose your brand to people from Asia and Europe and everywhere.
That’s a really interesting byproduct of doing business in Nevada.
California, the sixth-largest economy in the world, biggest cannabis market – it’s a no-brainer to be here.
We were really avoiding all the other states.
In New Jersey, we have a farm where we grow Edible Gardens produce.
And new Gov. (Phil) Murphy is now expanding medical and fast-tracking adult use at some point this year, so by default we’re going to go to Jersey.
We want to execute in those three states and grab as much market share as we can with our brands.
What do you think Terra Tech may have to do to compete long term on an international scale, given that Canadian companies are expanding their footprints so quickly and taking the lead globally?
It’s access to capital. Real institutional support will change that paradigm drastically.
True access to Wall Street capital markets, not just the smaller hedge funds and the family offices, but real institutional access will change the paradigm for a lot of players in the United States.
That’s where the industry really grows.
Is Congress going to have to act in some way before that happens?
I think so, but I don’t think we need to see federal legalization.
What it may be is just some fixed piece of law that looks a lot like the Rohrabacher-Blumenauer Amendment, which is, hands-off, states’ rights and so on.
That is probably enough to open up access to the capital markets, the institutional capital, the large broker dealers and the investment banks.
I don’t think we need sweeping federal legalization, but we need something codified in law that says, “Hands-off the states when it pertains to this.”
This interview has been edited for length and clarity.
John Schroyer can be reached at johns@mjbizdaily.com
"How long can TRTC continue to operate on the current Share Structure ?" Now that's a question that NOBODY,who is not a liar,has an answer for.What IS TRUE is that TRTC incoming revenues are increasing EACH and EVERY DAY,which could make them self-funding in the very near future.One must remember the EXTREME tax burden faced by these companies with the current tax structure.They simply can't afford to be profitable at this time.It comes back to politics in that regard.Keep on building out the company and gaining market share,Derek.When the politics get straightened out,TRTC will be in a very enviable position in the US mj market,IMHO.
"February was a rough month for these stocks"Did you read the article?The majority of the stocks they talk about were down in Feb.-Here's a sampling-------"recorded a double digit percentage decline for the month of February";"recorded a significant decline during February (more than 25%)";"fell approx. 35% during the month";" fell more than 20% during the month of February ".So yeah,overall the WHOLE SECTOR took it on the chin from the January highs.Thanks for confirming that,though certainly NOT your intention.
Very positive article--"Terra Tech Corp. – one of the largest and most stable publicly traded plant-touching cannabis companies in the United States" .Thanks,Creepy.Here's some good PR you've been looking for pea-jamma.
Nice to see you back in the game Yujah,for the "home run" that TRTC is going to be.GLTY,glad to see you got in at a GREAT entry point this time.Long and Strong,TRTC is GOLD.
WTF happened,I'm seeing green again,yay.Funny how a big chunk of the sector seems to move in unison ,like a school of fish.They all go red together,they all go green together.Let's hope it's an upward trend,and not just a "blip".
Marijuana Stocks Falter(It's NOT just a TRTC thing)
The North American Marijuana Index, which tracks 39 top cannabis producers across the continent, fell 4.8% on Monday to $246.02. That was the lowest level since Dec. 26.
Huge losses were reported across the board, with Abcann Global Corporation (ABCN) and MYM Nutraceuticals Inc. (MYM) each falling double-digits percentage-wise.
Losses were evenly spread across U.S. and Canadian marijuana stocks. The U.S. Marijuana Index closed down 4.8% at $78.50, while the Canadian index fell 4.4% to $675.46.
https://hacked.com/continue-reading/
Possible rs?Possible asteroid striking the earth?Possible presidential impeachment?Possible dinosaur clones produced from fossilized DNA?Ah yes-anything is possible.
That is sound,SANE advice.One either likes TRTC and holds the stock,or if you have no faith in the company then I'd sell and move on to something else.To keep on ranting and re-posting the same stuff EACH and EVERY DAY is ridiculous,to say the least.I'm certainly not thrilled with recent pps of TRTC(NOBODY WHO OWNS IT IS),but I do believe in the company over the(not too) long term.And again,it's an industry wide depreciation of share prices,not at all unique to TRTC/BLUM or even just US companies.The Canadian "darlings" are suffering the same fate right now.
Yes Zen , the list is very long for stocks that are down the past few weeks.With some of them down MUCH,MUCH more than TRTC/BLUM.I wonder if there is as much lunacy posted on other boards as there is here.Makes me think there is a definite agenda being orchestrated.My guess is trying to drive down the price of TRTC to scoop it up before the GREAT Q4 NUMBERS come out AND THE INEVITABLE RUN UP.No other reasonable explanation for repetitive,nutty reactions playing out here.In the meantime TRTC/BLUM just keeps on producing and selling products,raking in cash and building out the business while acquiring more and more market share.I'm good with that.
I'm just curious why the poster felt that she had to REPEAT AT LEAST 7 of those transactions,as well as including AT LEAST 6 ACQUISITIONS of stock.Looks like she was trying to pad the list a bit, IMHO.Nearly half the list is either duplicated listings or acquired shares.More pushing of half truths,imagine that.
Very true.Nothing better than a hit or two before pumping iron.Not too much,just a wee bit.
Let's hope they're too busy adding up those massive Q4 sales numbers.Having to use all their fingers to count:)
Nice selfie! LOL.Just kidding,trying to keep things light so I don't become a ranting lunatic like...........
I always find it ridiculous when those who are anti-herb preach their "gateway drug" nonsense.The reality is if they truly want to identify a "gateway drug" it's beyond obvious that it's alcohol.How old are most kids when they sneak one of dad's beers,or drink what's left in the glasses after their parents party the night before?I'm sure that happens long before most kids smoke their first joint.Or they sample some things they find in the medicine cabinet or mom's purse.Yet the prohibitionists keep trying to blame the "demon weed" for all the evils in the world.TRTC/BLUM and the rest of the industry leaders need to turn up the heat on those "anti" politicians,and the people need to vote them out.I never heard of this other Sessions guy til your article.Yet it appears he's a big part of the problem.Too much power in too few hands.
For all those who are in love with Canopy,up north,I found this article interesting.TRTC's business model seems to mirror the Canopy business model,including growth,spending, and yes dilution that the top
mj companies-LIKE TRTC/BLUM have to deal with in order to expand.Take note of the large amount of expenses for Can. "loss from operations in the quarter was C$26 million".For those crying about the losses and expenditures by TRTC,it's the only way to GROW THE BUSINESS.Enjoy the read. "Further out the larger companies that are able to grow revenue and earnings together will be the biggest winners"--https://seekingalpha.com/article/4148824-canopy-growths-earnings-report-confirms-future-outlook-overall-industry?ifp=0
Multiple duplications on your list.One could say you're trying to be very misleading with your information that you post,imagine that.
Crack down on the ILLEGAL COMPETITION-California initiates enforcement against approximately 500 unlicensed marijuana businesses--https://mjbizdaily.com/california-initiates-enforcement-unlicensed-marijuana-businesses/
It is down for the same reasons,and very similar percentages I might say,that aurora,canopy,supreme,evio,c-wheaton,and a large majority of the other mj stocks are down across the board.It does not change the fact that TRTC is still running strong,producing and selling products in Nevada and California,while they continue to prep for the new legalization in New Jersey.All the whining in the world DOES NOT CHANGE THOSE FACTS.Once the feds get real and change their stance re: mj,TRTC will be THE US mj stock to own.That time is coming soon.
Anyone considering an investment IN TRTC/BLUM should take a good look at what TRTC/BLUM CURRENTLY has operational as ONE OF THE LEADING publicly traded MJ companies in the United States of America.Dispensaries in Nevada and California ARE OPEN FOR BUSINESS and SELLING MASSIVE AMOUNTS OF PRODUCT.TRTC/BLUM is growing and selling product,and producing edibles,vapes,etc from MULTIPLE FACILITIES in the two largest mj markets in the US.They are ready to open up facilities in the state of New Jersey which is the next state in line to legalize .Yes TRTC/BLUM has loads of good things going for it RIGHT NOW.There are a few who would have you believe that TRTC is a scam because it's not made them
quick and easy money.Well GOOD COMPANIES take time to get established Excessively posted (highly questionable)articles from 2012,2013,2014,2015 are meaningless as to what TRTC has accomplished and WHAT TRTC IS TODAY.Todays REALITY is much,much brighter and Derek Peterson and company have been busy building out TRTC/BLUM.As soon as fed restrictions change,WHICH IS INEVITABLE,TRTC/BLUM will fly.They are doing a fantastic job right now working through the current restrictions while EXPANDING THE BUSINESS and GROWING MARKET SHARE.THAT is a big deal and will make TRTC a big winner once the shackles come off of the industry.The repetition of old stories,half truths,and twisted statistics does not change the CURRENT FACTS.Revenues for 2017 will be in the 40 million dollar range(at least),2018 revs will be double that,conservatively speaking.Do some independent research and invest wisely.TRTC/BLUM IS AT THE FOREFRONT OF THE MJ INDUSTRY in the US.IMHO,of course.
I found this article interesting.Although it is about Canopy,it's a mirror as to the business model,growth,spending, and yes dilution that the top
mj companies-LIKE TRTC/BLUM have to deal with in order to expand.Take note of the large amount of expenses "loss from operations in the quarter was C$26 million".For those crying about the losses and expenditures by TRTC,it's the only way to GROW THE BUSINESS.Enjoy the read. "Further out the larger companies that are able to grow revenue and earnings together will be the biggest winners"--https://seekingalpha.com/article/4148824-canopy-growths-earnings-report-confirms-future-outlook-overall-industry?ifp=0