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An overview of Terra Tech Corp. (ticker TRTC):
Vimeo interview with the president:
https://vimeo.com/127555354
OTC Comapany Summit Interview:
Thanks for the heads up senor_c.
Of course they merged with them! The company is private and this was the only way to go. Blum Oakland is far more than just a dispensary.
See here: http://blumoak.com/edibles/
The only other route / option would've been to purchase the company with cash but since no major bank in their right mind would lend such an amount considering the laws in place, this was the route to go. So they merged.
Regardless that is an acquisition for how the laws stand now.
You may not agree but this is an emerging sector and TRTC did this to take a hold of a 40 billion dollar market (California) while Dixie Elixirs is still stuck in Colorado.
We may be bearing the floundering now but anybody in their right mind can see this will benefit them immensely in the future.
California is a great place to cultivate, grow and distribute this product with a population heavily interested in marijuana (greatest density in the U.S.).
Edit: It should also stand to note that Blum Okaland is also expanding to Nevada (the 2nd densest pop. interested in marijuana).
Site: http://www.blumlv.com/
+1
It should also be noted that because marijuana is listed as a Scheduled I drug? Companies like TRTC can't go to the big banks for loans because no one wants to risk it against the Federal law.
In my eyes, if the Federal government was out of the way we'd be looking at a company on the NASDAQ with a share value well over what it is now.
That however, is what makes this company a value in my opinion and worth the risk because the public opinion on marijuana is changing.
Not trying and sound condescending but this is the OTC. If you're weary on a stock because of how its chart looks? You're not for the stock market in general.
You need to look at long term / short term debt, revenue, gross profit and what direction the company is moving (to name just the key filings).
The chart is just a puppet on strings of all those things drawn together as a present term conclusion.
It does not however, reveal what all those things mean (individually) for the long term.
Link or some kind of statement to what you're saying?
The company has projected revenue increases that have been met or exceeded and has acquired Blum Oakland to do competitive marketing against Dixie Elixirs.
They are also opening up dispensaries in the two most populated areas in the U.S. with an interest in marijuana (Las Vegas and the Bay Area).
The actions of the company speak for themselves IMO.
I disagree, not to mean any disrespect but it should be painfully obvious and even clear that TRTC should flounder right now due to the whole market being in upheaval and recession.
Anyone who cares should take note that the stock market is due for another crash.
They occur every 2 to 9 years and it's been 8 years since the 2008 crash.
I am not surprised TRTC is where it's at IMO.
TRTC is not something you want to invest in if you're looking to make a quick dollar. I see it as a company to go for because it has a good chance of being one of the most bullish companies coming out of the recession (which is right upon us).
Just my 2 cents.
+1
Yep following you on that all the way down to the last sentence. This sector has always been up against those big fish though.
Unfortunately. )_(
With that I agree with you.
The only thing however is Apple didn't have the FDA saying their product was a Schedule I drug but then also saying, "we're still going to tax you like we stole it ."
I'd argue it is not DP's entrepreneurial dreams that hold the company down but more the
FDA's hypocrisy (IMO).
That once changed though through legislation will all be history. I believe 2017 will be the year but time will only tell.
No they were not but the degree of my point is not when they went public but the fact that they have such backgrounds to begin with.
In other words, a rough start does not mean the idea of the company will be a future catastrophe.
The management of Terra Tech Corp. has clearly shown strategic movement in acquiring Blum Oakland which sells edibles.
It is a clear move on Dixie Elixirs.
We all want the guns and bullets but the trenches are being built right now.
I see no reason why management would do otherwise in such a tough sector (considering the laws in place) to take care of its own first.
My 2 cents.
No they were not but the degree of my point is not when they went public but the fact that they have such backgrounds to begin with.
In other words, a rough start does not mean the idea of the company will be a future catastrophe.
The management of Terra Tech Corp. has clearly shown strategic movement in acquiring Blum Oakland which sells edibles.
It is a clear move on Dixie Elixirs.
We all want the guns and bullets but the trenches are being built right now.
I see no reason why management would do otherwise in such a tough sector (considering the laws in place) to take care of its own first.
My 2 cents.
Thanks!
Grade A DD man on that.
I scratch my head at people who say this company is not going anywhere. I really do.
CNN documentary on Charlotte's Web, medical marijuana treating seizure disorders:
+1
On the employee count. Does the 100 include Blum Oakland? I've lost count (tbh).
+1 fatstaxx.
I had forgotten about Amazon!
Apple was started in front of a garage and was named after a fruit (think how that looked against "Microsoft"). Google was started IN a garage.
The worry that TRTC is diluted, taking an interest in serving its management first and has debt is not a reason to back out.
It is a sign to observe that expansion is occurring of the brand and product while revenue is forecasted to rise (as it has done so).
Gross profit is the concern here (lets be honest) but that is not something that will be seen until tax reform and most keenly the FDA steps to the side on the Schedule I listing of marijuana.
This stock however, would not be a great potential investment if those things already occurred!
TRTC has 11 employees. I'd be worried if they weren't looking after them instead of us share holders! They are expanding, what they are doing makes logical sense.
Just my 2 cents.
Every company has dirt from its inception:
https://en.wikipedia.org/wiki/Criticism_of_Apple_Inc.
This is the OTC and the cannabis sector.
#1 in the US: Terra Tech Corp. (ticker TRTC):
OTC Comapany Summit Interview:
For those that don't know anything about TRTC:
https://vimeo.com/127555354
Count me in as being down in the OTC because of cannabis. There are a few companies I'm watching on the side (BRFH and ELTP) but overall, I like this company the most.
Cannabis companies on the OTC are forced because of the FDA scheduling of cannabis as a Schedule I drug. My opinion is that something like TRTC would be on the NASDAQ otherwise.
I own 21,000 shares (as a disclosure).
-Canada is soon to fully legalize cannabis with a 10 billion dollar market and the largest company called Tweed Inc. (TWJMF). A company with a capital over 100 million.
-The U.S. is estimated to have a 40 billion dollar market in California alone and 110 billion overall.
I believe these numbers are under the mark by about 25 - 40% for both the U.S. and Canada.
I have tried CBD, I've looked at the research (Science major as another disclosure) and this stuff is the golden future of medical research.
Fights epilepsy, headaches, sleep apnea, pain, headaches and tumors. Just to state the obvious things that people experience without research to affirm other possibilities on top of all that!
I've used Cannavest's pills and BIOCBDPlus's, "Total Body care" (more costly but more bio-available to the body).
My last order from BIOCBDPlus took almost a month to get to my house. That's how back ordered they are; their products are literally flying off the shelves.
I can't imagine what will happen to this sector once the FDA gets out of the way.
Just my 2 cents but a firm 2 as I believe this is the next major consumer product. Aside from the research sec. like GWPH and application sectors like Hemp Inc. it's my firm opinion that companies like:
Tweed Inc., Terra Tech Corp., Dixie Elixirs (privately held), Golden Leaf Holdings (largest in Oregon and partnered provider to Dixie Elixirs) and Organigram Cannabis (#2 in CAN).
This companies will explode, merge, converge and go global.
Now why you may ask did I invest in TRTC over all of them?
Bay Area and Las Vegas are the most densely populated areas in the U.S. where the largest population exists interested in cannabis.
If I had the capital I'd be in all of these companies with the exception of Dixie Elixirs (again, privately held company - unfortunately).
This is why I hold in the OTC.
Don't be keen, be wise.
"A good decision is based on knowledge and not on numbers."
-Plato
I agree Dixie has more variety / product options but IVXX did tie them for the best cannabis in-fused product. That's worth something IMO.
I agree however that they need to diversify more (especially once more dispensaries open come May).
Thanks,
I wish our society harped on investing more. A ton of young folks hear, but don't listen.
Our schools ought to teach at least the basics along other things like coding and web development.
Just my 2 cents though.
I bought a good amount this morning. I honestly can only take this company and two others seriously on the OTC (ELTP and BRFH).
These companies are how I plan to get a jump start on college debt (before graduation). This company in particular has some serious potential to go vertical in the next few years.
Question to you ladies an gents.
How easy would it be to switch IVXX over under a different label for recreational production and use?
I'm having a bit of trouble finding if there's any difficulty at all to do so (considering the medical aspect is obviously more stringent).
Just trying to wrap my head around this as to what TRTC's potential is in moving into that niche of the sector as well.
Agreed,
It'd make sense to attend if TRTC was new to the State (I.e. California) but they are selling IVXX in many dispensaries. Makes more sense to go push in the other States where things are more fragile (I.e. Nevada).
Everyone should consider the possibility that he's such a figure now in the marijuana industry that he wouldn't announce whether he'd be there or not. A lot is happening for TRTC in the next few months.
Just my 2 cents.
Can anyone confirm some kind of reference source to the planned openings of dispensaries in Settle, Denver and the Netherlands?
I keep seeing comments on this but haven't been able to get a source on the subject?
Also, I agree on Thursday being key trend for this week and beyond. I think it'll show what kind of impact decisions made by management have on share value (i.e. if it will become less volatile on pump and dumps or more predictable due to the goods moves they've made thus far).
Thanks!
Here's to a strong year for TRTC!
Overall, I really hope Ted Cruz will win (I believe he will help legalize cannabis but also keep taxes in check).
Much appreciated on the other quote (I do enjoy his quotes).
I agree, Bernie out of all the candidates is pro cannabis. However, it's the Congress that passes law, the President only sets the mood / movement.
I would appreciate the link however!
Call me too much of a visionary but I see TRTC partnering with Tweed Inc. and opening up shop next to every Starbucks around the world.
Benjamin Franklin quote is indeed fitting for this company hahaha! (referring to the death and taxes comment, that was his quote ;) ).
Anyways, I call for NASDAQ listing either 2018 or 2019. I don't see that as impossible with the future plans for development this company is putting out (i.e. assuming FDA legalization).
Morning btw.
I have 21,500 shares in this company and I intend to ride into the sunset with this (i.e. all the way to legalization and mass commercialization).
If this company is indeed going to expand to the Netherlands?
I may have to sell my car.
Awesome they put the interview at the end of the video!
Not a problem.
It should also be noted that tying with Dixie is no laughing matter as that private company is one of the strongest (if not the strongest) private company in the US. They are based in Colorado with a solid position there.
+1 HeatfoX
Let's also not forget that IVXX tied with Dixie for the best cannabis in-fused product. IVXX is considered one of the best products out there:
https://www.cashinbis.com/laurel-award-cannabis-infused-product-dixie-ivxx/
There may be competion in the Bay area in Cali. and in Las Vegas but that is only because they are also the two most densely populated areas in the US with the highest ratio of people interested in cannabis.
TRTC is postioned well. Period.
What is the probability TRTC will reverse split before going to NASDAQ? I am not experienced in stocks in transition to NASDAQ.
I want to go long (holding 21,500 shares right now) but am hesitant for that reason alone.
TRTC has fully acquired Blum Oakland who is poised to open a dispensary in Berkeley, CA.
We will know most likely on Thursday if that is in fact going to occur.
This company doesn't have profit because they're diligently been paying their debts (no reason to be alarmed in that regard also because they've just expanded).
Now is when you want to stay and reap the rewards of the announcments coming from here till May (and beyond).
Just my 2 cents.
This company sells a product still considered a schedule I drug by the FDA and some of you are complaining it's at 14 cents?
Logic I think not.
Revenue is being used to pay debts, company is expanding and acquiring other companies such as Blum Oakland. Nothing but good moves here.
No reason to hold off. I flip this company with plans of going long after May. This company is a gem of a penny stock.
If you can't see that you've clearly not been in the OTC zoo long enough to know much different.
Noob question, what does BMAX mean? I'm holding shares for long?!
There are two things I'm waiting for to go long (disclosure been flipping for the past 2 weeks).
#1: When the dispensaries open in Nevada (supposedly in May) what will be the demand for IVXX? The two areas in the US with the highest density of people interested in marijuana is in the Bay area in Cali. and Las Vegas. Both of which are areas Terra Tech Corp. will be opening their doors. In other words. It isn't really known if people are willing to pay for a brand name, all organic marijuana over cheaper alternatives (i.e. will people care about marijuana quality / brand like they do their other popular consumer products like Starbucks and their caffeine line?). That remains to be seen and is THE question I'm waiting to be answered.
#2: How will they manage their debt? Terra Tech Corp. has been managing their debt fairly well as of now. However, once their revenue kicks up, the demand increases and the media coverage becomes more extensive. Will they be able to take the pressure (both internally and externally)? It is one thing to manage debt while you're expanding and another entirely when you're profitable and under competition against other companies (both private and public). Let's not forget there are many private shops in place where TRTC is expanding (this also ties back to my #1 point of view).
Overall, my position is by this summer it will be pretty clear if this company can take the heat (pun not intended).
The thing I wonder as whole on the cannabis sector is how particular are people about their product? Is it like alcohol or tobacco or more like fast food (I know I know some people are particular even there but bare the analogy for a sec.). I'm sure you've all read that IVXX tied with Dixie's as the best, "in-fused cannabis" product but does that, mean anything? Really?
It makes sense that they'd PR the heck out of it though. Blum Oakland is an 18 year old company. Not a small thing to acquire (IMO).
Disclosure: (own 23,000+ shares).