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New Jersey Holds Hearing on Marijuana Legalization
http://www.thelaughinggrass.com/new-jersey-holds-hearing-marijuana-legalization/
TRTC trading at less than Book value, when Rec sales start soon the stock will double in PPS.
Book Value is .30 , 6 dispensaries 200 million in Assets.
Yeah sure bagholder....whatever , a big time investor being in sub penny stocks. hope you make your 100.00 lol
ONCI Sub Penny Garbage !!!!! .00001 then Bankruptcy coming.
Old news, living in the past still ? .... TRTC Profitable company in 2018, Recreational sales in NV and CA.
They were building out their business, and they also did not have Recreational sales added to revenue in each Quarter like they will in the very near future in NV then CA.
TRTC will have profitable Q's in 2018
Math Learn it
Thanks for the reply, yeah my concern was making sure the patients take their dose daily to get full effect. I guess the company has to trust its patients which is a concern but I will try not to lose sleep over it lol.
I'm Looking forward to early September, very excited about where this stock is headed. GLTA
Wolf: I’ll Protect Medical Marijuana Patients from Jeff Sessions
http://www.thelaughinggrass.com/wolf-ill-protect-medical-marijuana-patients-jeff-sessions/
My goal is to make money, but I know if I sell some now I will be buying back at a higher price in about a month from now. So for that reason not selling any shares and will ride this next month or two out, with the two upcoming Phase 2 by EOY and the cheap price its trading at with the PPS valuation so low I think we are looking at the bottom right now...the offering is at 1.15. I'm still very Bullish despite my recent comments. Just need to vent a little regarding the extra wait and timing the offering at the same time.
VKTK long
TRTC Entering The Craft MJ growing biz , likely then we should see some of their Humboldt strains at Cannabis Cups in the future.
I think EG will get sold when NJ approves legalising MJ , the Greenhouse will be converted to Growing Cannabis. The VV will still be our landlord but TRTC owns the greenhouse. The VV family will re work the lease when NJersey legalises and it looks like Murphy will win and he said already he approves of MJ legalisation.
Getting rid of Amy and the VV family off the BOD was good, they will be replacing them with directors that have a better understanding of this Industry.
I don't think it will be that long of a wait, thinking by early August this stock will be starting it move up before results, the next couple months will be churning just above 1.00.
Whats disapointing is that this stock was getting some action hitting 1.32 last week and was starting to move up on another companies SARM drug data....until our CEO threw a dagger into our hearts.
Still long here despite the CEO 's bad judgment.
Science Calls Out Jeff Sessions on Medical Marijuana and the "Historic Drug Epidemic"
Rolling back protections from federal interference in state legalization laws could worsen the opioid overdose crisis
https://www.scientificamerican.com/article/science-calls-out-jeff-sessions-on-medical-marijuana-and-the-historic-drug-epidemic/
hey Waffles, i noticed many of the 33 locations withdrew but many still active if that means anything ?
https://clinicaltrials.gov/ct2/show/study/NCT02578095?term=viking&rank=7&show_locs=Y#locn
Also wondering how often is VK5211 pill administered during the duration of trial ? how many weeks ? and is there a certified witness to patient actually taking real VK5211 pill and or the placebo pill ?
THanks ahead for reply Waffles !
Hi Waffles , The timing was terrible , they could have done this after good trial results without hurting a shareholder base down that has mainly funded this company. I'm not to happy with the CEO performance and think he can be more tactful with his shareholders , especially if he has any confidence in upcoming trial results.
Another question I have have is why are they still looking for 5211 patients on June 6th ? is the timeline going to be longer than early September as Brian said in the CC ?
also would like to know who at company is responsible for poor recruitment. Would it be person from Phrma development or clinical development person in the company ?
https://clinicaltrials.gov/ct2/show/NCT02578095?term=viking&rank=7
We need a new CEO, Brian needs to go. He has underperformed...and the person running patient recruiting. both of them...
now I know why this stock does not trade at valuations like GTX< and MDGL. Its because of Poorly run Management.
VKTX Management is terrible, they either do not think their results for phase 2 will be good or they just don't care about its investors.
The timing of this dilution after they fail to get the Phase 2 done on time and delay it a couple months then dilute us down during this waiting time ? why ? They have enough cash to last them another 8 months...doing this now does not look good. The CEO needs to do a better job recruiting patients for trials and stop putting its investors in a bad spot.
Any smart Judge will factor in stall tactics being played here ...the distributors had all the time in the world to apply for a License.
Does Medifarm hold any Assets ? . Probably not if they decided not to renew.
wrong , The Net worth of 6 dispensaries on the open Market if they were to sell is not a Goodwill or intangible Asset.
analysis , TRTC trades very close to its book value . I think they are trading under book value
according to the true Value of their Assets.
"By setting up the infrastructure to grow produce hydroponically, the company will be prepared to deliver if the state warms to the idea of legalization of marijuana, Vande Vrede said.
"Therefore, when (growing cannabis) becomes legal we will enter into that market with the infrastructure behind us and already in place with herbs and lettuces," he said. "We are pretty much probably the first ones looking at cannabis this way."
Highly profitable
In the meantime, Vande Vrede said Terra Tech's produce model would be sustainable as the company estimates it will generate between $1.5 million and $1.8 million per acre in annual revenue selling produce to supermarkets.
That number, however, would skyrocket to anywhere between $18 million and $30 million per acre with cannabis sales, he said.
"We wanted a business model that is profitable and shows synergy with where the cannabis market can go," he said.
White Township Mayor Sam Race attended an open house last week at the Edible Garden addition. He said that if it's done correctly, he has no qualms about a marijuana-based business in his township.
"If it's properly managed and it's legal and there is protection from people who may want to create problems, I would have no problem with them growing that material," he said.
wishful thinking but reality is they only have 4 labs and they have no money to buy any more. The company cant turn any profit and The CEO needs to dilute this stock in the near future just to stay afloat...but there are too many holes in the ship ....dilution coming will sink this down.
The 5 acre Greenhouse was built by TRTC for the sole reason to Grow MJ. Murphy will win. It will be a very interesting year indeed.
4 crappy little labs...CEO is diluting ...he has run out of options to fund this company....DILUTION !!!!!!! coming !!!!!!!! ENJOY sub penny soon
The lease will be re worked when NJ legalizes...so your reply is meaningless.
agreed, Sessions does suffer from "little man syndrome" ....He needs to resign from AG. I hope the Russia scandal does him in.
https://www.washingtonpost.com/news/wonk/wp/2017/06/13/jeff-sessions-personally-asked-congress-to-let-him-prosecute-medical-marijuana-providers/?utm_term=.a97d67956df5
Legal marijuana could be a $5-billion boon to California's economy
http://www.latimes.com/politics/la-pol-ca-pot-economic-study-20170611-story.html
agreed this is the bottom, we should see a some upside action soon. Vegas Rec. in July is still on track.
TRTC Trading below book value...valuation needs adjustment :]
Afternoon green bump. $$$$ here it comes on L2 , ask slappage.
Thanks for the info, looks like VKTX is getting a bump up from it.
This week, ..."Mr. Peterson will speak on the panel "Up in Smoke? How to Invest in the Cannabis Industry" at 2:00PM Eastern Time on Thursday, June 15, 2017. The panelists will discuss the opportunities, the financial and legal hurdles, and the outlook for the cannabis industry under the new administration. Mr. Peterson will also deliver a presentation about Terra Tech Corp. at 3:00 p.m. Eastern Time the same day, which will offer the investment community an opportunity to hear the company's business methodologies and latest corporate achievements, as well as the Company's near and long term outlook."
incorrect, but everybody is welcome to their own opinions ;] ... when factoring in buildout expenses is not the true indicator of financial rev the company makes from its dispensaries.
question ....do you think your numbers which are wrong BTW will look the same in 2018 after NV and CA are Recreational ?
TRTC
And the only time it will fit the agenda is when they want to uplist...there is no other reason. That's why the CEO went on record.
deal with it....cling to that...lol
The CEO has gone on record to say the only time they would do a R/S is to uplist to the Nasdaq. It could happen in a couple years but not until the Federal picture is clear with rescheduling and tax laws.
stock is turning green today....keep up the good work...lol
exactly , there are more shareholders than what he posted....once again the facts get twisted as always here.