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Oh, the trials and tribulations of the narrow minded!!
This article is funny.
How can Texas fix its marijuana problem after legalizing hemp? Forensic experts have a plan.
This Is The Most Marijuana-Friendly Congress In History
https://www.forbes.com/sites/tomangell/2019/07/31/this-is-the-most-marijuana-friendly-congress-in-history/#4ba43e73672f
Now all we need is Moscow Mitch out on the street. I hear a marine fighter pilot will kick his butt.
San Leandro which just opened may the 8th of 2019 will only slightly effect the 2nd Qtr 10q but watch out for 3rd Qtr it will pop.
https://mjglobalreport.com/terra-tech-corp-otcmkts-trtc-on-track-hit-highs/
TRTC now owns all of a great dispensary in Reno as of 13 June and will be reflected in the 3rd Qtr 10q.
Terra Tech Corp. Acquires Remainder of Interest in Blüm, Reno Dispensary
https://mjobserver.com/investments/stocks/terra-tech-corp-trtc-acquires-remainder-of-interest-in-blum-reno-dispensary/
Lest we forget - Terra Tech Secures Provisional Licenses for all California Operations.
How many have in the state?
IRVINE, CA / ACCESSWIRE / June 24, 2019 / Terra Tech Corp. (TRTC) (“Terra Tech”) or (the “Company”), a vertically integrated cannabis-focused agriculture company, today announced that all of its currently operating California facilities have been issued a provisional license from the State of California, which is valid for one year and requires METRC compliance. The issuance of these licenses ensures that operations will continue in a lawful and uninterrupted manner for the next year.
Licenses are issued only after an exhaustive review of operational and corporate documents that provide assurance to the State of California that lawful and transparent operations are being conducted and verify transparency of financial and ownership information. Terra Tech is migrating its entire existing inventory into the Marijuana Enforcement Tracking Reporting Compliance (METRC) system, bringing all licensed activities into compliant operations.
Chief Executive Officer, Derek Peterson, said, “I would like to thank the State of California for recognizing our efforts to ensure transparency and regulatory compliance at all our locations, and for issuing these provisional licenses, including one for our recently renovated Oakland cultivation facility. We are proud to be using the METRC software system to record the inventory and movement of our cannabis products through the commercial supply chain; this system advances the State of California’s objectives to promote a regulated, safe and conscientious cannabis market so that consumers can be assured that the products they’re buying are safe.”
Terra Tech operates licensed retail dispensaries under the business name Blüm in Oakland, San Leandro, and Santa Ana; and licensed cultivation and distribution activities in Oakland.
To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.
Looks like a grow area to me.
https://www.facebook.com/terratechcorp/videos/1705187052865933/
Just Totally Bananas.
Which Blum did you work at?
Some pest says the posts of the Sacramento Grow facility was from a suspicious web page. Here is that 'suspicious page' you be the judge.
https://www.loopnet.com/
Looks like a place to look for real estate.
Another case of just flat out lies.
AMAZING BENEFITS TO MARGINS AND REVENUES IN ONE FELL SWOOP.
Cultivation..................31338 Square Feet
Cultivation and Mfg.....25068 Square Feet
Manufacturing.............9547 Square Feet
At least 100 million dollars in revenues a year at full production - AND THAT IS A LOW ESTIMATE.
https://www.loopnet.com/Listing/5801-Warehouse-Way-Sacramento-CA/16654728/
https://images1.loopnet.com/d2/Yeri0DV5G4190sufGgxMnyRKYPePnvfQRqSi-roHBYA/document.pdf
Husband And Wife Team Created America's First Publicly Traded Cannabis Company [THE KATCHUP PODCAST]
https://www.foodbeast.com/news/blum-amy-derek-cannabis-company/
Terra Tech Corp (OTCMKTS:TRTC) is Set for Big Profits
Maybe the greatest shade on shares of Terra Tech Corp (OTCMKTS:TRTC) has been a reverse split. After second quarter income were accounted for, it a reverse split that was at the forefront of shareholder’s thoughts. The shorts detected the shortcoming and added to Terra Tech plunging underneath $.30 a share.
Be that as it may, now shares are reviving again as a reverse split is solidly off the table. This is awesome news for Terra Tech shareholders and imprints the begin of another bull keep running on the back of Green Rush 2.0 that is going to warm up.
In the second quarter, its generated strong financial performance as TRTC saw development in all cases. Its revenue was standing around $9.7 million, contrasted with $5.0 million in the same time frame in 2015. This is an expansion of 93% from the quarter finished June 30, 2015.
The expansion in second quarter revenue was essentially inferable from sales from the procurement of the Blüm dispensary in Oakland, California, which shut on April 1, 2016, and deals from the Western, Las Vegas Blum dispensary which opened amid the quarter. Second quarter incomes likewise profit by higher Edible Garden offers of its produce, herbs and botanical items.
The company ‘gross margin remains very strong. Its Gross margin for the second quarter of 2016 added up to roughly 17%, contrasted with a gross margin of around 5% for the second quarter of 2015. The enhanced edges were inferable from better margins at Edible Garden, as the business keeps on scaling and higher gross benefit from the cannabis fragments of Blum and IVXX.
Right now, its share is exchanging in the range of 0.37 a share with a market capitalization of $124 million. Its outstanding shares are standing around 349,911,822, while authorized share at 350,000,000
https://stocksnewswire.com/terra-tech-corp-is-set-for-big-profits/
Major Players in Industrial Hemp market are:
CBD Biotechnology Company Limited, Marijuana Company of America Inc., Botanical Genetics LLC, HempMeds Brasil, Terra Tech Corp, Industrial Hemp manufacturing LLC, American Hemp, Plains Industrial Hemp Processing Limited, Hemp Food Australia, Blue Sky Hemp Ventures Limited, and Hemp Oil Canada among others.
https://baystateherald.com/2019/07/30/industrial-hemp-market/
Great read.
North America Cannabis Market: Focus on Product Type, Medical Application, Distribution Channel, Countries Data (U.S. and Canada) and Competitive Landscape - Analysis and Forecast, 2019-2025
https://finance.yahoo.com/news/north-america-cannabis-market-focus-220300848.html
Because in this market for publicly traded startups shares are their only access to capital in many cases. Clear?
Let me know where to send the crayons so we can get this picture clearer for you.
I don't know anymore than what I found on those two links. I'm hoping 8 August reveals something more. I will ask on the call if I get through.
Sometimes our senses fail us all. I don't mind skepticism as long as it does not go to my veracity.
My first P&D stock was a real well set up fake reverse merger into a shell. It looked real, smelled real and even tasted real but it was as fake as they come - SPCL. A well hidden lark with all sorts of misdirection. You never know. Skeptics are a good think to have in any conversation.
I had a friend who used to check his aircraft after he parked it for any leaks and he would sometimes use the taste test to figure out what type of fluid it was if he found a leak and could not tell.
One day he was instructing a new pilot to the unit and they had a hard landing. As the maintenance officer, I had to check out the aircraft and was the first person on the scene. My friend, John was walking around to the side I approached and I saw him reach down and look at a pool of fluid under the tail. He touched his finger tip to the fluid and did his taste test.
About the time he had finished his student pilot walked up still zipping up his flight suit. I was the first to know what the fluid was, then John figured it out and finally his poor student pilot who obviously failed that check ride and barely escaped a whipping. I never saw John do the taste test after that.
What? You went about 50 different directions. I just reported what I found.
I did not make the materials on the links I posted nor did Terra Tech. The folks selling the Suite A listed Terra Tech Corp as the only tenant.
That's the extent of it. Bringing in ridiculous conspiracies so you can deflate the impact and conflate the story with that weird conspiracy is just wasted electrons.
There was something about the lease starting at the end of August.
Regardless the Major Tenant is listed as Terra Tech Corp. plain as day on the link I posted.
I have asked around to find more info.
Was thinking along those lines but you never know - there might be news.
Did some digging today. I know all the old hats know all this and more - but when I went looking for EVIO Labs it directed me to the Florida EVIO Labs. Which made me think William was gone and some guy named Martinez was the president - good news. Then I found out the Florida labs are owned by Kaycha Group and they leased the name EVIO Labs from EVIO INC. basically EVIO Inc appears to be the 'Trump' of Cannabis Labs and is leasing it's name and that may have dried up after the fiasco with their testing.
Kaycha Group is paying dividends and Florida EVIO Labs says they are an independent lab.
Sad ending - sure would enjoy Sigby running amuck all over the OTC.
It was the investors from what I can see. Who would not get skittish with that 10 day gain? Might be another self made run coming but if that's the case it will end the same way but probably reach a lower high.
You were right - self inflicted gunshot. I sold at .75 for pocket change.
Honestly if you look at the three numbers: Annual revenues, market Cap and Enterprise value you get a sense of if the company is in financial straits. TRTC is not. It's problem is related to the number of share owners, volume and the unexpected long trek to legalization.
In a nutshell The quandary is:
If share ownership does not increase TRTC will most likely not be able to make progress in margins or revenues. Of course there are things in the Continuous Improvement arena that do not cost money but many of the improvements to margins and revenues involve building out and improving current assets.
If TRTC does not make increases in margins and revenues then share ownership will likely stagnate or decrease.
If TRTC succeeds and increases margins and revenues by the 4th quarter then the share holder stand to win.
If they do not the shorts will win.
That's the ball game. I'd guess it's the 7th inning stretch while we wait for the 4th quarter.
Legalization will change the game.
I posted the links and you choose to ignore them. Let me know where I can spoon feed you. Be glad to bring my entrenching tool.
And again.
This is found 3/4's of the way below the top of this links info under the heading MAJOR TENANTS
https://www.loopnet.com/Listing/5801-Warehouse-Way-Sacramento-CA/16654728/
The link below shows the layout and the square footage. Terra Tech is in all of it but Suite A which amounts to the 76,800 feet the brochere says TRTC occupies.
https://images1.loopnet.com/d2/Yeri0DV5G4190sufGgxMnyRKYPePnvfQRqSi-roHBYA/document.pdf
But please do drop me a line and let me know where to bring the shovel.
TRTC is no where near a point of having to sell out. It's more in danger of being brought out than sold out.
The value (look for enterprise value) of the company is well over it's market cap and represents less than 2 years of revenues - this is huge.
It's between 58 million and 67 million as reported on the web and is less than 2 years of revenues. (I believe it's closer to 58 million.)
For reference anything below 10 years is fantastic for any company.
You are asking the wrong end of the horse.
And the links provided. Do you own DD. Or you can be like like your BBF and regurgitate the same old crap over and over, ad nauseam.
Why this stock is undervalued - BIG TIME!!
Terra Tech's Revenues:........$31.33 million
(2018 Revenues from 10k)
Terra Tech's market Cap:.....$39.42 million
(Outstanding shares X share price)
Terra Tech's Value:............$58.49 Million
(if it's assets were sold - enterprise value)
AND THIS DOES NOT INCLUDE THIS NEW FACILITY
Terra Tech's NEW Grow facility -
AMAZING BENEFITS TO MARGINS AND REVENUES IN ONE FELL SWOOP.
WONDER WHY THE PESTS IGNORE THIS NEW ASSET?
Cultivation..................31338 Square Feet
Cultivation and Mfg.....25068 Square Feet
Manufacturing.............9547 Square Feet
At least 100 million dollars in revenues a year at full production - AND THAT IS A LOW ESTIMATE.
DRASTIC INCREASE IN MARGINS AND REVENUES.
At that rate they will be able to pay off the 250 million dollars a year in 100 years. Except they like most MJ companies make no profits.
Face it folks, TRTC is the best in class for these profitless MJ stocks waiting for legalization and the upside is huge for those stocks with the lowest debt.
Wish I could find out more info on the unexpected Sacramento venture. Maybe it's coming Aug 8th. I will definitely ask the question. Just looking at the exile of scientist in the FDA, weird stuff going on there. That will delay legalization. Actually looks like we are ousting scientists from our government. They have a terrible habit of telling the truth.
Not really. The politics were unexpected. Many of the folks in the business and those investing were sure MJ legalization would be further along than it is today. Who could foresee a few years of Jeff Sessions as the AG in the US? Now the entire FDA is in turmoil and being forced retired to the point I expect to not eat anything fresh without getting a wet deck in a few months as science is expelled from our institutions.
Medmen is stuck. It's slide is due to poor financials and it's in a worse boat than TRTC. It owes more than it can pay back and the debt is high enough to make any buyout speculation less of a chance.
https://www.fool.com/investing/2019/04/01/4-things-you-overlooked-with-medmens-250-million-i.aspx
250 Million dollars US of dilution - What a laugh. This will take Medmen out of the pan and into the fire.
And to think, if they had waited they could have gotten non dilutive financing from the Canadian banks.
Watch out below!!!
New industry - new ways to screw up. I give them slack on that. In the beginning their workers were not the best of the breed in any MJ business.
EVIO has new leadership!! William is out? That F'ing Fantastic news. And a much better web page.
https://eviolabsfl.com/cannabis-testing
The more the states go after illegal weed the better off the labs will be as well as the other mj stocks.
Yep, SGBY was a fun time. The roller coaster that only went up.
For a while.
Still got stakes in both but tiny compared to 2016/2017.
What a great stock back in the day. Between it and TRTC they werr killer trades with their consistent pendulum swings.
Now neither one behaves well. My guess - both were to soon and both would do well to change leaders.
Speculation is better than what it saw prior.
William leaving would be a boon to all investors. The guy is as hard charging as a limp piece of lettuce and why I left. I see he's still the dude or should I say dud. Take care and good luck. I'll hold a bit longer just to keep it on the radar.
Just brought back in a couple of days ago - just a little. Anyone know what the catalyst is?
It would be great to see "SGBY" back.
It sold medical only until -
This report is April-June 2019. Adult recreational selling began 3 May 2019 and Medical would not be anywhere near the draw.
Try again.
https://kcbsradio.radio.com/blogs/matt-bigler/blum-san-leandros-first-marijuana-dispensary-opens
https://www.terratechcorp.com/news-media/press-releases/detail/254/terra-tech-commences-cannabis-sales-to-the-adult-use-market
Lets talk long term debt2.
MedMen Ent Total Long Term Debt 84 Million
TRTC Total Long Term Debt 18.3 million
Lets talk long term debt.
Aurora Cannabis Total Long Term Debt (Quarterly):
639.10M for March 31, 2019
TRTC Long Term Debt 18.3 million
Still a top ten. Unfortunately lots of Cranialupdarearism with our dear friends. So I doubt they will respond with anything akin to facts to dispute your info.
Terra Tech's Sacramento California Manufacturing and Grow facility - UPDATE
Cultivation..................31338 Square Feet
Cultivation and Mfg.....25068 Square Feet
Manufacturing.............9547 Square Feet
At least 100 million dollars in revenues a year at full production - low balling it.
Drastic reduction in revenue costs at the dispensaries.