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Curaleaf has the largest marijuana footprint in New Jersey and has expressed a desire to expand that footprint.
With recreational sales only weeks away, the long awaited legalization of New Jersey comes to fruition.
Terra Tech, which in a sense is Unrivaled,
dreamed of this and sold the idea to many of your CURRENT fellow shareholders.
One of the main selling points was the Extraordinary indoor greenhouse located in Belvedere, NJ. The bag most Unrivaled shareholders are holding was based on that NJ sales pitch that Terra Tech threw at them.
Now, Curaleaf is going to make it a reality.
Curaleaf just got approved for New Jersey recreational sales which should begin by May 15 or earlier. Remember when that company Terra Tech?
They talked about how that would catapult the PPS.
The Jersey Shore season starts on Memorial day.
Bam!
Unraveled.
Just another false alarm that allowed some raiders to make some lunch money.
The House will vote, maybe it will pass, maybe not. If it passes, the Senate will likely kill it.
Just another pocket bump in a long, long line of pocket bumps.
NJ is about to follow through on the promise of Recreational sales.
Curaleaf has the largest footprint in NJ.
Earnings this week.
Will we break out?
Thanks!
What did that cost?
I guess you never use any charts, huh?
The value?
You’ll be rolling in money soon!
Good for you!
Well, there were regular press releases stating how many new dispensaries they placed IVXX in to. I’m guessing that’s normal. Have fun!
Yep. Pretty much the exact same story as IVXX.
Good luck. I’m sure you’ll do fine.
Learn from your mistakes or you are doomed to repeat the past.
Well isn’t that wonderful!
400 stores?
Where have we seen this before?
https://www.ivxx.com/
Curaleaf is going to be big.
LOL. Hydropharm cash went into the pockets of the few at the top. As the Who said decades ago, “Meet the new boss, same as the old boss.
Reverse Split?
Yeah, nothing has changed here, but the name.
What newbies to Politics don’t know is that it is Congress that will make this decision, not the President. Funny thing about those Congressmen. One side is mostly in agreement to legalize, one side mostly not. That’s the way it’s been for years. And that is the hold up.
Derek smoked investors with the Belvedere NJ operation. He presented that facility like it was gods gift to plant life, when in fact, those types of facilities are all over New Jersey. The Conman extraordinaire made a mint off of investors who thought Belvedere was going to skyrocket TRTC into the stratosphere.
Why is Unrivaled losing share price?
They cashed out as soon as they could and you will soon be reading how they reward themselves with stock, or bonuses, likely both.
Seems the monetization of the HYFM stock has now yielded an increase in the TRTC share price of approximately .08.
Is the current share price of .32, which now accounts for that HYFM payday going to climb to $3.00? What are the drivers that will take it to $1.00? Can someone explain?
That works both ways.
I am always amazed at the “if you don’t agree with me, walk away” attitude. When I see it, I always picture a little fat kid, stomping his feet, having a tantrum.
When your only answer to a differing opinion is
“ well then walk away,” you are simply stating,
“ I have a maturity problem.”
Is it just my phone or have the recent updates to this app caused it to be slower, less responsive, and crappier than it used to be?
I like the guy that comes in here and says, “ $1.00 with news.”
He’s been posting that for Five years!
The best thing this company can do is change their name.
I will start buying when it hits 9 cents!
Why?
It’s the Republicans who bitch about spending until the moment they control Congress. Then it’s A-OK.
I am particularly loving this Biden Administration. Breaking all the rules of the past. Joe is spending like a drunken Republican, but at least he isn’t just handing the money over to the Corporations like the R’s ALWAYS do.
Have a great day.
I’m confused. How is it you can listen to the ER and HEAR about the Hydrofarm 50-60 $Million value, but completely ignore the $218 million debt?
Are you a Republican member of Congress?
From the earnings report.
The Hydrofarm deal is already spent money.
Try again.
Why is the PPS down after such a stellar earnings report? I have already explained the answer to your question, if you can’t understand it, that’s on you.
I’m just trying to point out that the Hydrofarm investment is not going to raise the PPS.
Yes, it’s approximately 1/3.
Yes, and that is a real shame, because just like me, years ago, there are many here who stood in TRTC’s corner, hoping they were on the level.
I was fortunate getting out years ago, but like many in here, I’ve been trapped with several other, similar pot stocks.
For those who wonder why I still post here, having no vested interest, it’s because I really wanted to see SOME of you come out on top.
GLTA.
They lost $46 million last year and have an accumulated debt of $220 million.
They anticipate selling assets worth $18 million and expect Hydrofarm to bring in $60 million.
$220 million
-$78 million
= -$142 million.
They also stated they are not expecting to make any profit for the foreseeable future.
Sounds like TRTC hasn’t changed a bit.
Going Concern
We have incurred significant losses in prior periods. For the year ended December 31, 2020, we incurred a net loss of $30.12 million and, as of that date, we had an accumulated deficit of $219.80 million. For the year ended December 31, 2019, we incurred a net loss of $46.93 million and, as of that date, we had an accumulated deficit of $189.69 million. We expect to experience further significant net losses in 2021 and the foreseeable future. At December 31, 2020, we had a cash balance of approximately $0.89 million, compared to a cash balance of approximately $1.23 million at December 31, 2019. We have not been able to generate sufficient cash from operating activities to fund our ongoing operations. Since our inception, we have raised capital through private sales of common stock, and debt securities. Our future success is dependent upon our ability to achieve profitable operations and generate cash from operating activities. Management feels that our past and current efforts to trim cost and our recent marketing and promotional efforts to boost sales will lead to cash sustainability. There is no guarantee that we will be able to generate enough revenue and/or raise capital to support our operations.
We anticipate receiving approximately $18 million over the next fifteen months as compensation for asset sales. In addition, we own shares of Hydrofarm stock that come off lock-up on June 9, 2021, the current value of which is $60.75 million. We anticipate these cash in-flows and acquisitions of complementary businesses to allow for our operations to grow to cash sustainability.
I am not, but I’m light years ahead of you!