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Look at the majority of companies in this sector and I think you'll see a vast number of them are down a bunch since end of last year,first of this one.Since the elction of DT and the hiring of Jefferson Beauregard Sessions A.G. ,it put a damper on a lot of MJ stocks.But now the fear is subsiding and the industry is moving forward.And it is being done with the help of certain politicians in D.C. as well as govs at the state level.Politicians working together doing what THE PEOPLE WANT...what a concept.The genie is NOT going back into the bottle.Legal rec in Nevada busts down a huge wall.California to follow, and then the states will start falling like dominoes.That will lead to the banking and taxation changes that will take a huge burden off of the industry at large.It only gets better from here on out.
"whats happening inside so many years in the making...slow and steady wins race at this point..." So very true dat.That's been my thought ,as well as a bunch of other "long timers" here,for a long time.The seeds are planted,growing season is upon us.LONG and STRONG TRTC = $$$$
I see TRTC is just turning a "little green" at this point.Expect that to change rapidly(upward of course) in the coming days and weeks.Really great job on the intro page!Nice photos and updated info.Kudos to those involved updating it,THANK YOU SO MUCH for that.What a pleasant surprise,after coming back from my vaca in the woods.I see we also "updated" the mods.Long overdue,for sure.Welcome Dj ,the Vegas insider.You're probably already standing in line at BLUM,lol.I am blown away with the new look up top.Thanks again to all involved.--Grizz
EXCITEMENT IN THE AIR as we enter the "1 week warning" for the commencement of Las Vegas sales.Seeing some new blood on (the)board.Big things on the way for TRTC/BLUM.It's been a trying bunch of months for us "long" believers,but good-no, GREAT -things are about to happen.Good luck to all my "BUDS" on the board. I'm on vaca next week,un-plugged.I wanna see a big GREEN step up when I get back to civilization.TRTC LONG and STRONG--Grizz
You are completely disregarding the concept of higher profits,and lower COGS,based upon an exponential increase in sales at same location establishments which are ALREADY IN PLACE.Yes there will be a moderate increase in employee payroll to deal with the HUGE increase in customers.Those costs easily offset by the sales that will be produced at these already existing establishments.
Be sure to read the sticky above by Bidnessman.As these changes begin to take place IN THE VERY NEAR FUTURE,the profit margins will become much more favorable for TRTC.
I guess there will be no changing your opinion.That's your loss,I'm pretty comfortable in the fact that it won't be mine :).And to be honest with you,100mm per Q is not so far fetched within just a couple of years.The numbers I stated are very conservative and does not include any major expansion of the TERRA-TECH/BLUM footprint,which I believe WILL expand.OF course this is all I-M-H-O, with which you are sure to disagree.
Well, I know you love to re-hash old,often outdated #'s but "the times they are a-changing." Here's some opinions for you--beginning with a FACT: MJ ONLY sales for TRTC in 2016 were over $12 million =over $1,000,000 per month.This excludes Edible Garden $$.Legal rec MJ sales will be what? Twice that?3x,4x,10x?How about a reasonably conservative 5x?That will put MJ only sales @ $60 mm per year.With 1/2 this year gone lets say 30mm on top of the 25mm sales for 2016.That'll put 2017 revs in the $55 mm range.With California rec coming on-line in 6 months what will 2018 revs look like?CONSERVATIVELY speaking, double that number? To easily over $110-120 mm in revs for 2018,very conservatively speaking.With any kind of additional expansion(IVXX distibution,expansion into additional legal rec states) THE SKY IS THE LIMIT.As a whole ,the industry is generally down from last Nov.,Dec.I've looked at quite a few charts ,a lot of them look very similar.That includes your little lab company as well as the real "Mom and Pop" store owner out in Oregon(that had less than 1mm in revs for 2016 with a net loss of $20 mm)Since the election there's been a huge downturn in the industry as a whole.Well, the fear is subsiding and the rec sales are going to begin,like it or not.TRTC is well positioned to capitalize in a big way.With that being said,THAT IS WHY TRTC STOCK PRICE WILL SOON BE ON THE RISE.Buy in and enjoy the ride.Don't let your past experience cloud your future decisions.
What you seem to be ignoring,are the incredible revenues that Las Vegas and Nevada are going to produce.Yes it is still "projected" at this point but it would be foolish to think that they will not be incredible.ONE WEEK TO GO -VIVA LAS VEGAS!
I gotta say,I certainly believe we'll see a double out of TRTC.It may take a couple of months but once the sales #'s start rolling in from Nevada I fully expect a nice steady climb skyward. .25 -.30 eom July; .40 eom August."To infinity and beyond" after that.--"Grizz the Greek" (for those of us old enough to remember "Jimmy")
I agree that anybody can grow weed,but it takes some talent,time,and tricks to produce top shelf high quality product.It is NOT just throwing seed in the ground adding water and fertilizer and getting great buds.There is a lot more to it at the "HIGH LEVEL"(pun intended).Especially when it comes to cloning and producing particular strains that produce different effects.Also when you figure in extraction processes to produce edibles,wax,vapes,etc.,that TRTC and other companies are in the business of producing, that gets pretty involved.Not a process "big alcohol" is in the business of doing,and certainly not something everybody is capable of doing.These MJ companies have spent a lot of time and -yes ,money -developing and refining these processes.That is where the IVXX brand becomes a hugely important part of the TRTC company.The business as a whole is a lot more involved than you give credit for.
U-B dreaming of single digits.We've been holding here for a month or better.It can only go up with Nevada rec sales.Anybody thinking it's not gonna go up is smoking way too much of the product.
As DJ said earlier,you can't smoke ANYWHERE legally in public in the USA.That hasn't exactly put a damper on demand for MJ nationwide,has it?Where there's a will there's a way.
Less than 10 days til Las Vegas rec sales begin.TRTC/BLUM dispensaries are locked and loaded for business.As TRTC gets ready to cash in BIG TIME the competition grows more nervous by the day.This is certainly NOT A "MOM AND POP" operation, with 26 MILLION in 2016 revenues and 2017 revs projected at 40 MILLION PLUS.FOUR DISPENSARIES IN NEVADA ALREADY OPERATIONAL await the beginning of legal rec sales.Who knows how high the 2017 revs may go? Time will tell.
As the sales skyrocket, there is no doubt profit margins will follow.Money that was spent building the beast will start to come back in a positive way.Remember,the more that you can sell out of the same locations,the less it costs you to do it.Business 101.
I'd be happy just seeing it start ticking upwards.Give me a penny a day for the next 10 days to begin with.Then when the sales #'s start getting reported after July 1,slip into the 40's and beyond.BOOM!
Even more evidence to the common use of marijuana among the ancient tribal societies exists as well. Interesting educational read,IMO... https://tworowtimes.com/opinion/marijuana-catching-ancients/
R/S = BS.Fake news, or just plain lies.Stop beating that same dead horse already.
So now we are back to the "R/S"talk again.Just keep re-hashing the same ol' "fake news".
FarmerGreen ,that reads like "weed porn",MMMmmmmm.Thanks for the link.
No doubt."Big alcohol"now sees that there is no stopping the "MJ Express".Buy your shares now, doubters.TRTC just treading water till July 1st rec sales go BOOM.Then the train leaves the station.Don't miss your opportunity."All Aboard"!!!
"In Marty we trust" .Better than some damn outsiders that you can't trust.Derek and Marty,making things happen.
"She said owners of animals -- from dogs, cats, lizards, turtles, alpacas, horses to farm animals -- are increasingly turning to cannabis to help treat ailments ranging from cancer and heart murmurs to arthritis and ear infections." --Nice, give some weed to your rambunctious turtle to calm him down.LOL
We await the July 1st commencement of Nevada rec sales-11 days .Tic-Toc.
C'mon Nevada, git 'er done and let's get this show on the road.
Hell as long as he worked for the Allman Bros. then he must be GOOD.RIP "Brother Greg"
Easy now.That may be a bit over-optimistic.But I like the way you think.TRTC LONG AND STRONG.
Nice job on the timeline Businessman.The catalysts are building.Thanks.
IP-that's a fair assessment of the adult use experience.I partake regularly.After work in the evening,as you say,takes the edge off the day.A little stress relief.I generally prefer a few tokes over a few drinks.Never feel "I gotta have it".Don't have to indulge in the mornings like a cig smoker.I find it to be a more controlled stress reliever than alcohol.And I'm not anti-booze at all. I consume some of that also.Sometimes I prefer a beer or JD,other times a few tokes.And I don't beat up my wife nor do kick my dog(or crash my car).
But Sleeper,according to things I read,TRTC is the only MJ company stock in the world that has gone down.I am told that just about every other MJ stock keeps going up.It's "legendary".LOL
And how much will they pull in ON A DAILY BASIS beginning July 1st in the state of Nevada?Those mind boggling numbers remain to be seen.Better wear your helmet when they start reporting those figures.I hope your other dispensary that you love so much pulls in a fair % of what TRTC/BLUM is going to do.GLTY in that venture.
TRTC had 10 million cash on hand at the last quarterly report,if I'm not mistaken.When the Nevada dispensaries start raking in the $$$ after July 1st ,there may be no need to get any more outside financing.They should be bringing in millions more per month---the beginning of self-sustainability.Hopefully that is soon followed by serious changes in the law and banking regs which will be a game changer.That puts us on the road to profitability.
"Resigned",by choice or by pressure? I think it shows Derek wants some new blood onboard-fresh perspective and ideas to move TRTC into the next phase.I think those departed got booted off the gravy train.The "friends and family plan" got shut down.DP needs some quality people on board to take the company forward.Big things on the horizon -IMO.
of course we do . thanks for having our best interests at heart.derek is a criminal, insider enrichment,blah blah,we all get it .Meanwhile in the REAL NEWS DEPT,LEGAL REC SALES BEGIN IN 15 DAYS IN NEVADA WHERE TRTC OPERATES 4 DISPENSARIES THAT WILL BE RAKING IN GOBS OF CASH.THIS WILL HELP TO CREATE REVENUES IN EXCESS OF 40 MILLION DOLLARS FY 2017.CALIFORNIA LEGAL REC SALES BEGIN JANUARY 2018.WHAT'S THE MULTIPLIER FOR REVS GOING TO BE IN 2018?THIS STOCK IS GOING TO CRUSH IT.
LOLSure they will-LOL.Law enforcement is not gonna tie up the courts and waste tax dollars arresting and prosecuting people for those minor offenses that will more than likely get tossed out of court.It would also put a bad light on their tourist business .That would be "legendary".
Sessions’ Attacks On Medical Marijuana Show He Has Limited View Of States Rights
June 14, 2017 Eurasia Review , Ron Wyden, United States
US Senator Ron Wyden (D-Oregon) criticized Tuesday news reports that U.S. Attorney General Jeff Sessions requested that Congressional leaders reverse protections provided to legal marijuana states, which would allow the Justice Department to prosecute legal medical marijuana users.
According to the National Conference of State Legislatures, about 90 percent of states allow for legal medical marijuana use in some form.
“Jeff Sessions is again showing he only values upholding states’ rights when he thinks the state is right. Any attempt to waste taxpayer dollars by going after law-abiding citizens would run contrary to the science on marijuana, not to mention basic common sense,” Wyden said.
“Voters in Oregon and other states that have chosen to legalize marijuana should not have their votes thrown in the trash by this administration. It’s past time for Congress to stand up to this administration and begin to responsibly address our outdated federal marijuana laws, ” Wyden said.
Farmer Green, the TRTC gold rush is coming.Fire up your tractor.Last couple of weeks to till up TRTC shares at bargain basement prices. https://finance.yahoo.com/quote/TRTC/community/
WRONG.2016 was dipping the toe in the water with MEDICAL MJ.The time to prosper is when LEGAL RECREATIONAL sales begin in states where TRTC operates dispensaries.When is that???? OH YEAH ,THAT WOULD BE JULY 1st ,2017.16 DAYS,if anyone's keeping count.
That has been an ongoing problem.TRTC BEGINS LEGAL REC SALES AT 4 NEVADA DISPENSARIES IN 16 DAYS.That's the start of SOMETHING BIG.Bargain bin stock price soon to be gone.
So you may say,but based on history can we really believe it?