Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This shows your cheerleader credibility. Losses are quite relevant because the only way to cover them is further dilution. I can see TRTC having anywhere from 1.5 billion to 2 billion authorized shares by the end of 2018. Guess what that does to your pops. Back to the teens and low 20’s!
I’m not the one on here trying to pump this mid level company as some “behemoth”. TRTC would do better if it just tried to operate within its means and not try and pretend it is one of the big boys.
They have 2 dispensaries and possibly a 3rd once the stockholders provide more capital so that they can actually finish the building. They are positioned terribly. Let’s pick the cheapest areas we can and hope the stockholders don’t know anything about California.
You might want to do some research on that. Just on that top ten list I provided there are 3 companies way larger than TRTC is California. Sparc is the “behemoth”
Well not me anymore. I smartened up.
Even with the R/S, they still have the 990 authorized shares to use to dilute further. They have create a vacuum of dilution that will be almost impossible to escape from. It is like a person who uses credit cards to pay off other credit cards. Eventually the interest becomes too great and you are forced to claim bankruptcy.
San Leandro will require stockholders to front more money to get it open. The money they were supposed to use to get it open, is more than likely gone.
Another 7 million dollar + loss in Q4 is gonna be pretty relevant when the company has to dilute further to stay afloat.
TRTC isn’t even in LA which is “the gem” of the California market. TRTC being in Oakland, Santa Ana, and soon San Leandro is like being in the nosebleeds during the big show.
Not Blum, I can guarantee that. Haha
TRTC obviously isn’t a “behemoth” if a private company pulls in 500 million a year in revenue compared to TRTC at 38-40 million. TRTC’s revenue isn’t even top 10 in the US. Some “behemoth”
The money that they have to survive comes from us and dilution. They don’t ever use their own money. They will take a huge loss in Q4 and be forced to dilute further. That’s why I don’t get why everyone is getting so excited about the stock price now. It has to go down. There is no avoiding dilution.
TRTC is one of those smaller business contrary to most people’s beliefs on here.
TOP-GROSSING US PRIVATELY-OWNED CANNABIS PRODUCERS
#1 – LIVWELL
Location: Denver, CO
By the Numbers: Revenue $500 million
#2 – SHAWN PHILLIPS
Location: Denver, CO
By the Numbers: Revenue $250 million
#3 – NATIVE ROOTS
Location: Denver, CO
By the Numbers: Revenue $300 million
#4 – SPARC
Location: San Francisco, CA
By the Numbers: Revenue $282 million
#5 – HARBORSIDE HEALTH CENTER
Location: Oakland, CA
By the Numbers: Revenue $138 million
#6 – O.PEN VAPE
Location: Denver, CO
By the Numbers: Revenue $120 million
#7 – COLORADO HARVEST COMPANY
Location: Boulder, CO
By the Numbers: Revenue $65 – 100 million
#8 – BERKELEY PATIENTS GROUP
Location: Berkeley, CA
By the Numbers: Revenue $80 million
#9 – MEDICINE MEN
Location: Denver, CO
By the Numbers: Revenue $68 million
#10 – NATURE’S AZ MEDICINE
Location: Phoenix, AZ
By the Numbers: Revenue $48 million
They pay taxes just like everyone else. States have records of that info.
I’m looking at that list and I still fail to see the numerous private companies that don’t lose millions each quarter and do way more revenue than TRTC.
You guys overestimate the amount of people that care about this. If you lived in Southern California you would realize how ridiculous it is to travel to Santa Ana from LA for weed. After Jan 1st, Santa Ana is an afterthought.
As soon as LA goes fully recreational, they won’t be mentioned anymore. No one from LA is going to drive to Santa Ana for weed if it is available in the city.
Derek is ignorant calling the private companies mom and pop stores. Many of them aren’t publicly traded yet they have a much bigger footprint and are more profitable than TRTC.
The bigger they get, the larger the net losses.
Congrats! Compared to private companies though they are a speck in the landscape.
That list is only public companies. They don't even crack the top 10 overall with private included.
How so? It went up to .56 during the elections. Not even close to that now.
Derek, Bernie Madoff, Joel Osteen, Tony Robbins... charismatic leaders who are only in interested in self enrichment.
Derek is gonna have to settle for much worse than 2nd. 2 dispensaries and none in LA won't even let TRTC crack the top ten.
It could be. How do you know?
Those dispensaries aren't even in a strategic location. It would be like the state of New York going legal and opening dispensaries in Buffalo and Albany.
Maybe CBDS doesn't have an insider enrichment scheme going on.
TRTC is small potatoes. They are a novelty because they are publicly traded.
So knowing the only way to expand is more toxic financing and dilution, how can anyone think this stock is going anywhere but back down?
Any guesses on Q4 revenue and net loss? My info tells me Q4 revenue will be around 9.9 million (below Q3) and net loss will be around 8 million. Dilution imminent as they run out of free cash.
Can someone explain this USMJ/PURA issue? I bought PURA shares. Are these affected by anything?
Goodbuddy, TRTC isn't even in the top ten for US marijuana sales. All the major companies are privately owned. TRTC is an insider enrichment scheme, that's the only reason they went public. How much did Derek & Co. actually put into this company of their own money?
Congrats on the licenses for 2 dispensaries. Still wondering why people are so excited about this incredibly small footprint. Not going to gain market share that way.
You guys all seem to have very selective memory. Did anyone think this stock would hit .14 after hitting .56 last year?
If you have been following this stock at all, you'd know that it has huge sudden drops for no reason. First day of a new year would be ideal for flippers. Money doesn't count towards 2017 income.
That’s the thing about this stock Oyster, it is just as likely to drop back into the .20’s Tuesday from flippers taking profits in a new tax year as it is to go to .50
When you guys invested in those companies did they act like real stocks or did they operate like TRTC does and have the stock manipulated all the time?
TRTC isn’t in the LA market.
In the history of penny stocks, can anyone name one company that went on to be successful?