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VOTED!!! just got back and I see the "short bus" has parked outside the trtc board, again..., lol. so much misinformation has been floated out here today I'm not sure where to start.
LPR and Anson funds again?, really... bwaaahaaahaahaahaha
trtc and gl in desperate need of capital... bwaaahaaahaahaahaha
so does this other guy ws (glad he doesn't go by bill (bs) lol) does he always jump in and make deals without doing any dd? Really? I would counter that he has done his dd and is smart enough to see through all the inaccurate and total bs information that's floating around out there. trtc is the REAL DEAL!
trtc has fulfilled promise after promise after promise and is one of the most transparent companies playing the game. I mean that's why the "short bus" is out front isn't it.
just like DP said 5 or 6 years ago, we aren't going for a single or a double were going for the home run!
business is blüming!!!
Shareholders Enrichment Scheme
I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...
Share lock up agreements
Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm
Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm
Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm
Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm
Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm
DP on lock-up agreements
"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.
So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.
And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.
I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.
So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.
So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.
But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.
And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.
I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
meanwhile...
business is blümming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 70.85 million (end of Q2), (8/6 - 72,189,614)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
business is blüming!!!
Skating to where the puck is going
DP on Cali...
“We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018.
This location will obviously supply our Bloom Oakland dispensary, which has been operated by us since April 2016 after we acquired it, and we’ve got a great location. There, again, we’re seeing about a thousand patients a day out of our retail footprint in the Oakland marketplace. And this will, again, feed the IVXX brand through multiple stores, but it’ll be a great driver of product with low margins through our retail footprint in Oakland, California.
Santa Ana, as you know, we acquired a dispensary there. The fourth quarter was full first quarter revenues for us out the of Santa Ana location. We’ve got great brand recognition down here in the Southern California marketplace. I think people have been waiting for the Bloom and the IVXX brand to arrive in SoCal for some times. Santa Ana has created a great platform for us to be able to build a significant business down here. They’ve taken a spot leadership standpoint to be the Southern California hub for cannabis activities.”
“on February 1st, we submitted applications to open two additional retail dispensaries in Santa Ana, and we expect the city to announce whether these are approved in the next couple of months. In San Leandro for some of the new people joining the call, we’ve been contracting a new Bloom dispensary, as well as an extraction facility, laboratory, and commercial kitchen.
That is currently underway. They’re gonna open up a different time. The retail facility will open up some time in May, and then we’re thinking the latter part of Q2, early Q3 for the extraction in the facility to go along with that. We think those are gonna be great facilities for us, but we’ll start to see some revenue being driven out of the retail position, we’re hoping sometime in May depending on the local and state licensing”
“…in California, we have our Oakland retail dispensary; we have our Santa Ana retail dispensary, and we have our San Leandro retail dispensary that we’re gonna be opening up here in the not too distant future. But in condition to that, we have the large-scale cultivation facility that we’re building in Oakland right now. We have the onsite cultivation facility that’s part of our Oakland campus. It’s not gigantic, but it produces a couple million dollars of produce on an annual basis. That facility has been in operation for some time now.
But in addition to that, we’ve just purchased a large-scale facility down here in Santa Ana California. We bought an 11.5-million-dollar campus in Santa Ana, where we applied for new retail permits. And as soon as they open up the opportunity to apply for additional cultivation and extraction permits, we’re going to hopefully be building out a large-scale complex and campus down here in Southern California that will house extraction and cultivation, as well as an unbelievably located retail storefront on an very major busy intersection for us here in the Santa Ana marketplace.
So we acquired 44,000-square-feet on three acres, and we’re going through the permitting process there right now. And, again, that’ll be another use of capital over the next year and a half to build all these facilities out, so that we can obviously expand our cultivation and footprint our extraction footprint and be able to have enough product out there to service our existing retail footprint, but also to have a strong wholesale presence in the marketplace throughout California.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on Nevada...
“…in Nevada, we’ve got four retail dispensaries, three in Las Vegas, one in the Reno marketplace. We’ve just finished a 30,000-square-foot cultivation facility, and we’ve got a 15,000-square-foot extraction lab to produce the concentrates, oil lines, and those types of things for the Nevada marketplace. Again, not only for our stores, and New Leaf stores, but also for all the retail storefronts in multiple marketplaces throughout Nevada.
There’s the potential that they’re gonna issue additional permits in Nevada for additional retail locations. We’re not sure what’s going to happen with that just yet, but we do know for certain they’re only going to issue those permits to existing owners of retail dispensaries, so we’ll be able to maintain our market saturation and avoid outside competition from new players coming in and eroding our market share.
We are also planning and building one of our other cultivation permits that we won in Spanish Springs, so not too far away from the existing cultivation facility. We’re in planning and design right now for the construction of a one-acre greenhouse facility. Again, the benefits of greenhouse cultivation is the cost to productions are a lot cheaper. It provides a tremendous amount of feedstock for our traction line so we can produce more edibles and concentrates, and those types of things for the Nevada marketplace as well. So that’s our current footprint and our expanding footprint coming up over the next year and a half there as well.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on New Jersey...
“So where have we spent our money, and where are we going to spend our money? So in New Jersey, for example, we built ourselves a significant footprint across the country. I just want to kind of itemize that because I know we have a lot of new shareholders on the call. We went from 50,000 to 115,000 over the course of a little over a year. So I want to make sure everybody understands what kind of our geographic footprint right now looks like.
So we’ve got a 250,000-square-foot fully glass, fully automated cultivation facility in New Jersey that we grow produce. Again, our intention there is to open up retail dispensaries in New Jersey. Obviously, a big cultivation and extraction backbone on our facilities back there, leverage our current infrastructure, and reduce our time to market. So our hope is opening up multiple retail dispensaries, and obviously having the cultivation extraction backbone utilizing the existing footprint we have in the New Jersey marketplace.”
"...even more so as we work in Nevada on the legislation, the regulatory environment that’s shifting over there now with Chris Christie out, and the entering of Governor Murphy that’s made it a significant stand on his campaign to legalize adult use cannabis in New Jersey. So, first and foremost, the first thing they’re going to do is expand, rapidly, the medical program by the issuance of additional licenses and cultivation extraction in retail."
"...While that’s happening, the secondary approach is to get some framework for regulation around adult use within the state. The beauty of us is we have existing infrastructures that we’ve set back there. We have corporate offices. We have HR. We have admin. We obviously have the Capex of the facility that we built back there. The pack house could come in to potentially host an extraction facility."
"So at the end of the day, we’re relatively ramped up to semblance of first mover advantage for a second round here, and we’re working heavily right now lobbying to guide the regulations to make sure that we have the ability to produce that product at the New Jersey facility. Financing and reverse split. So as many of you see, we’ve got lots of opportunity to build our business in multiple markets..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
here is a great video by Midas Letter on the merger starting at around the 41:00 mark
here is a great video that talks about the merger, starting at around the 41:00 minute mark
are you sure about all that?
"TRTC is in bad financial shape..."
cause my dd has shown otherwise.
"...its management has a terrible criminal backround"
not familiar with this one either. Can you enlighten us?
Looks to me like both companies are being ran very similar. They're both expanding at a breakneck pace. I'm not 100% positive about this but I believe this merger will make them the largest company on the east coast and has everybody knows the cali market alone is larger than canada's. Please show your dd on the financial shape and the terrible criminal history.
I particularly liked the parts where simpson talks about how similar both companies are as well as their persons (dp and ws). WS seems like a sharp enough guy and the companies compliment each other nicely, good match. This merger among other things should fix GL's share structure and trtc can list on the cse, among with many other benefits.
the way the press release reads is that golden leaf will be a "...Under the terms of the letter of intent, a wholly owned subsidiary of Terra Tech will amalgamate with Golden Leaf, with the resulting amalgamated corporation being a wholly owned subsidiary of Terra Tech..."
"...The LOI provides that Golden Leaf shareholders will be entitled to receive 0.1203 common shares of Terra Tech for each common share of Golden Leaf held (the "Exchange Ratio"). Terra Tech currently has 79.2 million shares outstanding. As a condition of closing, Terra Tech will be required to list its shares on the CSE. Listing will be subject to satisfying all of the CSE's requirements. Upon closing, Derek Peterson will remain in his position as CEO, with William Simpson to become President of the combined company..."
https://globenewswire.com/news-release/2018/11/05/1645087/0/en/Terra-Tech-Corp-and-Golden-Leaf-Holdings-Ltd-Sign-Non-Binding-Letter-of-Intent-to-Merge.html?fbclid=IwAR0M1dbixLiHh28ynQRXBHQVRXZUhTSlqA6MZz6ubQQ0gHS3OfvjRP1Exu8
TRTC Current Holdings and Activities - Updated 7/29/2018
** California Dispensaries
* Blüm/Oakland Dispensary, 578 West Grand Avenue, Oakland, CA 94612, Dispensary, Cultivation Facility, Operational, Owned
* Blüm/Santa Ana Dispensary, 2911 South Tech Center Drive, Santa Ana, CA 92705, Operational, Owned
* Blüm/San Leandro Dispensary, 1911 Fairway Dr., San Leandro, Ca 94577, Dispensary, Extraction Lab and Production Kitchen, Owned, "Opening very soon"
* Blüm/Carnegie, 1815 Carnegie Avenue, Santa Ana, CA 92705, Dispensary, In Phase 2 of licensing, Construction started, Owned
* Blüm/Dyer, 620 E Dyer, Santa Ana, CA 92705, Dispensary, In Phase 2 of licensing, Construction started, Owned
* The Healing Tree Collective, Inc, 3222 W. Pendleton Ave, Santa Ana, California 92704, Dispensary, Acquired 25% Ownership.
*** pursuing Blüm/West Hollywood Dispensary, apps filed for Dispensary, Consumption Area and Delivery Service - Licensing selection process underway.
** California Cultivation and Production
* Hegenberger, 30 Hegenberger Loop, Oakland, CA 94621, Greenhouse and Extraction Lab (13k sq. ft.), under construction (mid '18)
* 1815 Carnegie, 1815 Carnegie Avenue, Santa Ana, CA 92705, (30k sq. ft.), Owned, Licensed Dispensary, warehouse property, Phase 1 and Phase 2 application process for non-retail commercial cannabis businesses (distribution, cultivation, and/or manufacturing) began Monday, June 4, 2018. Phase 2 publicized list to be released shortly.
* 620 E Dyer, 620 E Dyer, Santa Ana, CA 92705, (41k + sq. ft.), Owned, Licensed Dispensary, warehouse property, Phase 1 and Phase 2 application process for non-retail commercial cannabis businesses (distribution, cultivation, and/or manufacturing) began Monday, June 4, 2018. Phase 2 publicized list to be released shortly.
* Panther Gap Farms, located in Honeydew, CA, up to (44k sq. ft.), lease agreement, Operational.
* The farm, Cultivar Inc., located in Salinas, CA, up to (244k sq. ft.), lease agreement, status unknown
** California Distribution
* Blüm Distribution, Inc., Oakland, CA 94612, status unknown
* Blüm Distribution I, Inc., Oakland, CA 94612, status unknown
Company commentary on California
** Nevada Dispensaries
* Blüm/Las Vegas Dispensary, 1130 Desert Inn Road, Las Vegas, NV 89109 (flagship), Operational, 98% Owned
* Blüm/Las Vegas Dispensary, 1921 Western Avenue, Las Vegas, NV 89102, Operational, 98% Owned, * Sale Pending
* Blüm/Las Vegas Dispensary, 3650 S Decatur, Las Vegas, NV 89103, Operational, 98% Owned
* Blüm/Reno Dispensary, 1085 South Virginia Street, Reno, Nevada 89502, Operational, 50% Owned
*** Stakeholder only additional licensing processes were June 13th-June 23rd, with another process for retail locations September 7th-September 20th. Both processes carry a regulatory 90 days to deny or approve.
** Nevada Cultivation and Production
* NuLeaf Sparks Cultivation, LLC, 859 Deming Way, Sparks, NV 89509, (30,000 sq. ft.) facility, Operational, Commencement of operations June 1st
* NuLeaf Reno Production, LLC, (15k sq. ft.), 50% partners, Operational
*** Future Cultivation and Lab operation located at 6585 W Gary Ave, Las Vegas, NV 89139, Licensed (1ea), non-operational
*** Future Greenhouse operation located at 200 Hawco Court #B, Sparks, NV 89441, (Spanish Springs), Licensed, non-operational, expected completion by late ‘18
*** Future facilities for the Production of Infused Products, 0 Pyramid Way, (Spanish Springs), Licensed, non-operational
Company commentary on Nevada
** New Jersey
* Hydroponic Cultivation Facility, - Operational (lettuce, herbs), (no marijuana authorized yet)
Company commentary on New Jersey
business is blüming!!!
don't know much about Golden Leaf but found this...
Golden Leaf Holdings Reports Fiscal Third Quarter 2018 Results
http://marijuanaindex.com/industry-news-item/?newsId=8517102549906571&fbclid=IwAR2Q8S9J56T3VVak_Z4gNBHluYnn4EmjOZ_9f1vbl-VEP5SxPohP_2UcNEs
Golden Leaf Holdings Launches Golden Fruit Chews in Nevada
http://marijuanaindex.com/industry-news-item/?newsId=8815478727557877
business is blüming!!!
as far as the climate goes, I believe northern cali is as good as it gets. Of course some strains grow better in colder climates while others grow better in hot climates. it's been growing everywhere here on earth, except antarctica for a really long time. I think if growers picked the right strains it's not going to make much difference. The real key (as long as the climate doesn't get too cold or too hot) will be the soil and the knowledge of the growers.
I went on the wheat harvest when I was young. Got out of school two weeks early and took a bus to northern tx and joined up with a crew. Worked all summer all the way through oklahoma, kansas and nebraska before we had to go back and start the next school year. Point being the US can crush everybody if the price is right. and we pretty much do in everything else...
business is blüming!!!
not the correct location? your not talking about any of the pics I put up on the intro page are you?
let me know if you or your friend have any pics you would like to see on the intro share them and I'll get them up..
business is blüming!!!
the "UNEDITED" full transcript Q2 2018
After AC noticed the transcript posted and stickied was edited I did a side by side comparison between the two, the transcript that has been "stickied" and the transcript on the sec website. The one that has been "stickied" is missing numerous paragraphs. I'm sure that leaving out key information for investors, like that site often does, was just a typo or maybe an oversight by the posters. Surely no one would try and do that thing on purpose.
the COMPLETE conference call transcript
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003921/trtc_ex992.htm
can also be found here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143216673
business is blüming!!!
podcast 8.30.18
https://thekatchup.podbean.com/e/40-husband-wife-create-first-publicly-traded-us-company-that-sells-marijuana/
business is blüming!!!
Shareholders Enrichment Scheme
I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...
Share lock up agreements
Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm
Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm
Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm
Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm
Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm
DP on lock-up agreements
"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.
So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.
And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.
I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.
So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.
So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.
But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.
And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.
I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
meanwhile...
business is blümming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 70.85 million (end of Q2), (8/6 - 72,189,614)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
business is blüming!!!
Skating to where the puck is going
DP on Cali...
“We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018.
This location will obviously supply our Bloom Oakland dispensary, which has been operated by us since April 2016 after we acquired it, and we’ve got a great location. There, again, we’re seeing about a thousand patients a day out of our retail footprint in the Oakland marketplace. And this will, again, feed the IVXX brand through multiple stores, but it’ll be a great driver of product with low margins through our retail footprint in Oakland, California.
Santa Ana, as you know, we acquired a dispensary there. The fourth quarter was full first quarter revenues for us out the of Santa Ana location. We’ve got great brand recognition down here in the Southern California marketplace. I think people have been waiting for the Bloom and the IVXX brand to arrive in SoCal for some times. Santa Ana has created a great platform for us to be able to build a significant business down here. They’ve taken a spot leadership standpoint to be the Southern California hub for cannabis activities.”
“on February 1st, we submitted applications to open two additional retail dispensaries in Santa Ana, and we expect the city to announce whether these are approved in the next couple of months. In San Leandro for some of the new people joining the call, we’ve been contracting a new Bloom dispensary, as well as an extraction facility, laboratory, and commercial kitchen.
That is currently underway. They’re gonna open up a different time. The retail facility will open up some time in May, and then we’re thinking the latter part of Q2, early Q3 for the extraction in the facility to go along with that. We think those are gonna be great facilities for us, but we’ll start to see some revenue being driven out of the retail position, we’re hoping sometime in May depending on the local and state licensing”
“…in California, we have our Oakland retail dispensary; we have our Santa Ana retail dispensary, and we have our San Leandro retail dispensary that we’re gonna be opening up here in the not too distant future. But in condition to that, we have the large-scale cultivation facility that we’re building in Oakland right now. We have the onsite cultivation facility that’s part of our Oakland campus. It’s not gigantic, but it produces a couple million dollars of produce on an annual basis. That facility has been in operation for some time now.
But in addition to that, we’ve just purchased a large-scale facility down here in Santa Ana California. We bought an 11.5-million-dollar campus in Santa Ana, where we applied for new retail permits. And as soon as they open up the opportunity to apply for additional cultivation and extraction permits, we’re going to hopefully be building out a large-scale complex and campus down here in Southern California that will house extraction and cultivation, as well as an unbelievably located retail storefront on an very major busy intersection for us here in the Santa Ana marketplace.
So we acquired 44,000-square-feet on three acres, and we’re going through the permitting process there right now. And, again, that’ll be another use of capital over the next year and a half to build all these facilities out, so that we can obviously expand our cultivation and footprint our extraction footprint and be able to have enough product out there to service our existing retail footprint, but also to have a strong wholesale presence in the marketplace throughout California.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on Nevada...
“…in Nevada, we’ve got four retail dispensaries, three in Las Vegas, one in the Reno marketplace. We’ve just finished a 30,000-square-foot cultivation facility, and we’ve got a 15,000-square-foot extraction lab to produce the concentrates, oil lines, and those types of things for the Nevada marketplace. Again, not only for our stores, and New Leaf stores, but also for all the retail storefronts in multiple marketplaces throughout Nevada.
There’s the potential that they’re gonna issue additional permits in Nevada for additional retail locations. We’re not sure what’s going to happen with that just yet, but we do know for certain they’re only going to issue those permits to existing owners of retail dispensaries, so we’ll be able to maintain our market saturation and avoid outside competition from new players coming in and eroding our market share.
We are also planning and building one of our other cultivation permits that we won in Spanish Springs, so not too far away from the existing cultivation facility. We’re in planning and design right now for the construction of a one-acre greenhouse facility. Again, the benefits of greenhouse cultivation is the cost to productions are a lot cheaper. It provides a tremendous amount of feedstock for our traction line so we can produce more edibles and concentrates, and those types of things for the Nevada marketplace as well. So that’s our current footprint and our expanding footprint coming up over the next year and a half there as well.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on New Jersey...
“So where have we spent our money, and where are we going to spend our money? So in New Jersey, for example, we built ourselves a significant footprint across the country. I just want to kind of itemize that because I know we have a lot of new shareholders on the call. We went from 50,000 to 115,000 over the course of a little over a year. So I want to make sure everybody understands what kind of our geographic footprint right now looks like.
So we’ve got a 250,000-square-foot fully glass, fully automated cultivation facility in New Jersey that we grow produce. Again, our intention there is to open up retail dispensaries in New Jersey. Obviously, a big cultivation and extraction backbone on our facilities back there, leverage our current infrastructure, and reduce our time to market. So our hope is opening up multiple retail dispensaries, and obviously having the cultivation extraction backbone utilizing the existing footprint we have in the New Jersey marketplace.”
"...even more so as we work in Nevada on the legislation, the regulatory environment that’s shifting over there now with Chris Christie out, and the entering of Governor Murphy that’s made it a significant stand on his campaign to legalize adult use cannabis in New Jersey. So, first and foremost, the first thing they’re going to do is expand, rapidly, the medical program by the issuance of additional licenses and cultivation extraction in retail."
"...While that’s happening, the secondary approach is to get some framework for regulation around adult use within the state. The beauty of us is we have existing infrastructures that we’ve set back there. We have corporate offices. We have HR. We have admin. We obviously have the Capex of the facility that we built back there. The pack house could come in to potentially host an extraction facility."
"So at the end of the day, we’re relatively ramped up to semblance of first mover advantage for a second round here, and we’re working heavily right now lobbying to guide the regulations to make sure that we have the ability to produce that product at the New Jersey facility. Financing and reverse split. So as many of you see, we’ve got lots of opportunity to build our business in multiple markets..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
NJ Lawmakers tour blüms flagship location (Desert Inn) and like what they see!
https://www.scribd.com/document/371089301/New-Jersey-Lawmakers-Marijuana-Visit-to-Nevada
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
more on the blüm design...
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
lol, I agree nrti turned out to be a scam
updates on the EG website...
https://www.ediblegarden.com/our-farmers
Fresh2o Growers
http://4pfoods.com/fresh2o-growers-stevensburg-va/
Old Souls Farms
http://www.oldsoulsfarm.com/#thegreenhouse
Rocket Farms
http://www.rocketfarms.com/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143766281
business is blüming!!!
insiders buying...
Shareholders Enrichment Scheme
I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...
Share lock up agreements
Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm
Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm
Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm
Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm
Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm
DP on lock-up agreements
"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.
So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.
And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.
I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.
So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.
So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.
But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.
And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.
I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
meanwhile...
business is blümming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 70.85 million (end of Q2), (8/6 - 72,189,614)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
business is blüming!!!
any claims that "Banking" is not an issue are laughably absurd...
"...But, dispensaries are still struggling with one simple part of operating a businesses: opening a bank account.
That's forcing some pot shops to operate in all-cash, while others with bank accounts are still paying thousands of dollars in bills in cash.
"My taxes... I paid those in cash," said Mike Alvarez, vice president of retail sales for Terra Tech Corp., a publicly traded company that operates Blum dispensary in Reno.
Alvarez says the banks are hesitant to work with cannabis-related businesses because marijuana is still federally illegal.
"I really wish the federal government would declassify cannabis," said Alvarez.
He adds that if it was removed as a Schedule I drug that would open the door for banks to be more willing to work with them.
Alvarez says Wells Fargo, Bank of America and Chase Bank have all closed accounts on them. They say they do have a bank account right now, but can't use it for all of their expenses, so they end up paying cash for some bills. They also paid their taxes and licenses in all cash.
"Thousand of dollars that we have to go pay. So it is concerning when you're taking that much cash out and walking out to your car, or driving down and actually going to pay it and taking it in a building," said Alvarez..."
http://mynews4.com/news/local/nevada-marijuana-dispensaries-still-struggling-to-have-bank-accounts
"...his application was rejected. On June 13, he received a denial letter from his insurer of choice, Mutual of Omaha, with the following terse explanation:
"We have discontinued the processing of your application for insurance due to company policy. We cannot accept premium[sic] from individuals or entities who are associated with the marijuana industry. We are regulated by agencies of the."..."
https://www.thestranger.com/slog/2016/06/28/24267651/cannabis-exec-denied-life-insurance-forbeing-a-cannabis-exec
** Industry wide problem
"...rents office space in Anchorage and was informed by its landlord late last year that Wells Fargo – which holds a loan on the building – was preparing to call the loan because it had learned that "they" were a marijuana business..."
https://mjbizdaily.com/steep-hill-close-alaska-cannabis-testing-lab/
** Banking issue is still front and center...
"...Taxation and banking are still really holding back growth at a national level and even within some of the states..."
"...I would love to see that the business owner has access to banking and banking services,” he says. “It just seems to be so unfair and so hypocritical that the government will take tax revenues, whether it’s in cash, or whatever form, but they won’t allow the legal marijuana business owner that’s abiding by all the laws to be able to deposit money into a bank, as well as pay electronically like every other business does..."
https://www.thecannabist.co/2017/01/20/marijuana-industry-trends-2017/69538/
"...after virtually no bank would accept legalized marijuana sales deposits. Due to difficulty in obtaining financial services and because marijuana is a “cash only” business, marijuana related businesses (MRBs) face staggering safety, security and operational issues.
As a result, licensed and regulatory compliant MRBs are sitting on mountains of cash, while, in light of unclear legal exposure, immeasurable risk management, and nearly impossible regulatory compliance, hungry banks view accepting cannabis cash as insufficiently lucrative to pursue..."
https://www.cannabisbusinessexecutive.com/2018/02/cannabis-banking-issues-cash-no-flash/
"...brought in millions of dollars last year, but he’s had a hard time finding a bank to take the money. He’s cycled through 14 checking accounts in six years. Recently, he said, a bank shut down all his personal accounts, including college savings for his 3-year-old son..."
http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2016/03/22/why-marijuana-businesses-still-cant-get-bank-accounts
"...The lack of reliable banking services has always been a problem for the cannabis industry. We’ve seen the dearth of banking options pose problems..."
https://www.cannalawblog.com/california-cannabis-banking-an-update/
business is blüming!!!
Skating to where the puck is going
DP on Cali...
“We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018.
This location will obviously supply our Bloom Oakland dispensary, which has been operated by us since April 2016 after we acquired it, and we’ve got a great location. There, again, we’re seeing about a thousand patients a day out of our retail footprint in the Oakland marketplace. And this will, again, feed the IVXX brand through multiple stores, but it’ll be a great driver of product with low margins through our retail footprint in Oakland, California.
Santa Ana, as you know, we acquired a dispensary there. The fourth quarter was full first quarter revenues for us out the of Santa Ana location. We’ve got great brand recognition down here in the Southern California marketplace. I think people have been waiting for the Bloom and the IVXX brand to arrive in SoCal for some times. Santa Ana has created a great platform for us to be able to build a significant business down here. They’ve taken a spot leadership standpoint to be the Southern California hub for cannabis activities.”
“on February 1st, we submitted applications to open two additional retail dispensaries in Santa Ana, and we expect the city to announce whether these are approved in the next couple of months. In San Leandro for some of the new people joining the call, we’ve been contracting a new Bloom dispensary, as well as an extraction facility, laboratory, and commercial kitchen.
That is currently underway. They’re gonna open up a different time. The retail facility will open up some time in May, and then we’re thinking the latter part of Q2, early Q3 for the extraction in the facility to go along with that. We think those are gonna be great facilities for us, but we’ll start to see some revenue being driven out of the retail position, we’re hoping sometime in May depending on the local and state licensing”
“…in California, we have our Oakland retail dispensary; we have our Santa Ana retail dispensary, and we have our San Leandro retail dispensary that we’re gonna be opening up here in the not too distant future. But in condition to that, we have the large-scale cultivation facility that we’re building in Oakland right now. We have the onsite cultivation facility that’s part of our Oakland campus. It’s not gigantic, but it produces a couple million dollars of produce on an annual basis. That facility has been in operation for some time now.
But in addition to that, we’ve just purchased a large-scale facility down here in Santa Ana California. We bought an 11.5-million-dollar campus in Santa Ana, where we applied for new retail permits. And as soon as they open up the opportunity to apply for additional cultivation and extraction permits, we’re going to hopefully be building out a large-scale complex and campus down here in Southern California that will house extraction and cultivation, as well as an unbelievably located retail storefront on an very major busy intersection for us here in the Santa Ana marketplace.
So we acquired 44,000-square-feet on three acres, and we’re going through the permitting process there right now. And, again, that’ll be another use of capital over the next year and a half to build all these facilities out, so that we can obviously expand our cultivation and footprint our extraction footprint and be able to have enough product out there to service our existing retail footprint, but also to have a strong wholesale presence in the marketplace throughout California.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on Nevada...
“…in Nevada, we’ve got four retail dispensaries, three in Las Vegas, one in the Reno marketplace. We’ve just finished a 30,000-square-foot cultivation facility, and we’ve got a 15,000-square-foot extraction lab to produce the concentrates, oil lines, and those types of things for the Nevada marketplace. Again, not only for our stores, and New Leaf stores, but also for all the retail storefronts in multiple marketplaces throughout Nevada.
There’s the potential that they’re gonna issue additional permits in Nevada for additional retail locations. We’re not sure what’s going to happen with that just yet, but we do know for certain they’re only going to issue those permits to existing owners of retail dispensaries, so we’ll be able to maintain our market saturation and avoid outside competition from new players coming in and eroding our market share.
We are also planning and building one of our other cultivation permits that we won in Spanish Springs, so not too far away from the existing cultivation facility. We’re in planning and design right now for the construction of a one-acre greenhouse facility. Again, the benefits of greenhouse cultivation is the cost to productions are a lot cheaper. It provides a tremendous amount of feedstock for our traction line so we can produce more edibles and concentrates, and those types of things for the Nevada marketplace as well. So that’s our current footprint and our expanding footprint coming up over the next year and a half there as well.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on New Jersey...
“So where have we spent our money, and where are we going to spend our money? So in New Jersey, for example, we built ourselves a significant footprint across the country. I just want to kind of itemize that because I know we have a lot of new shareholders on the call. We went from 50,000 to 115,000 over the course of a little over a year. So I want to make sure everybody understands what kind of our geographic footprint right now looks like.
So we’ve got a 250,000-square-foot fully glass, fully automated cultivation facility in New Jersey that we grow produce. Again, our intention there is to open up retail dispensaries in New Jersey. Obviously, a big cultivation and extraction backbone on our facilities back there, leverage our current infrastructure, and reduce our time to market. So our hope is opening up multiple retail dispensaries, and obviously having the cultivation extraction backbone utilizing the existing footprint we have in the New Jersey marketplace.”
"...even more so as we work in Nevada on the legislation, the regulatory environment that’s shifting over there now with Chris Christie out, and the entering of Governor Murphy that’s made it a significant stand on his campaign to legalize adult use cannabis in New Jersey. So, first and foremost, the first thing they’re going to do is expand, rapidly, the medical program by the issuance of additional licenses and cultivation extraction in retail."
"...While that’s happening, the secondary approach is to get some framework for regulation around adult use within the state. The beauty of us is we have existing infrastructures that we’ve set back there. We have corporate offices. We have HR. We have admin. We obviously have the Capex of the facility that we built back there. The pack house could come in to potentially host an extraction facility."
"So at the end of the day, we’re relatively ramped up to semblance of first mover advantage for a second round here, and we’re working heavily right now lobbying to guide the regulations to make sure that we have the ability to produce that product at the New Jersey facility. Financing and reverse split. So as many of you see, we’ve got lots of opportunity to build our business in multiple markets..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
rapid expansion
trtc Awarded two additional Permits in Santa Ana
"...pleased to announce it has been granted two permits by the City of Santa Ana to operate one retail dispensary on Dyer Road and one on Carnegie Avenue in Santa Ana..."
"...commenced operating and managing a cannabis dispensary in Santa Ana. We are proud to have successfully leveraged this first mover advantage to obtain two new retail permits and expand our presence in Orange County..."
"...The first dispensary will be located at 620 East Dyer Road, with plans to become a fully vertical cannabis complex. The Company purchased this 44,000 square foot facility in January 2018, to expand its presence in Southern California. Following the receipt of the permit, the Company will avail itself of the opportunity to acquire vertically integrated permits from City of Santa Ana to conduct cultivation, distribution, and manufacturing on site. The Company plans to develop the property to include a retail dispensary; increase the size of the facility to over 50,000 square feet and transform it into a vertically integrated cannabis complex. In addition, the Company plans to include an event facility to host large-scale cannabis themed events, such as concerts and movie nights. The Dyer Road facility is adjacent to the 55 Freeway and acts as an entry point into the Southern California marketplace, allowing the Company to benefit from the area’s high population density and traffic. Potential revenues from the retail dispensary, when at full capacity and under current market conditions, are expected to be between $7 million and $10 million per year..."
"...The second dispensary will be located at 1815 E. Carnegie Avenue. The Company also plans to apply for cultivation, manufacturing and distribution permits at this location. Terra Tech selected this 30,000 square foot location because it borders Irvine and Tustin, which have a combined population of over 350,000 residents and have no cannabis dispensaries. The Company believes this strategic location will allow it to serve as a delivery hub to Orange County, opening a new untapped market...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003633/trtc_ex991.htm
trtc Secures Stake in 10th Retail Permit
"...pleased to announce that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. On July 23, 2018, The Healing Tree Collective was awarded a retail permit associated with a facility on W. Pendleton Ave, Santa Ana, by the City of Santa Ana. The remaining 75% of The Healing Tree Collective, and therefore the associated permit, is held by other members of the collective, with whom Terra Tech partnered in order to complete the permit application process...."
"...Terra Tech covered the costs of the permit application and Terra Tech’s wholly-owned subsidiary, Black Oak Gallery, will be responsible for managing all of the facility’s operations, including hiring decisions. The facility is located at 3222 W. Pendleton Ave, Santa Ana, California..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003672/trtc_ex991.htm
continuing its rapid expansion...
"...the company just announced that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. According to the release, “On July 23, 2018, The Healing Tree Collective was awarded a retail permit associated with a facility on W. Pendleton Ave, Santa Ana, by the City of Santa Ana...."
"...The company operates through multiple subsidiary businesses, including Blum, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology.
"Blum’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blum offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations...."
"...“We are pleased to have leveraged our know-how and experience in the Santa Ana market to secure this retail permit with The Healing Tree Collective, without needing to expend significant time or resources to do so. As the cannabis market continues to mature we expect these permits to become more valuable. We believe that maximizing our first mover advantage by securing a stake in this permit may lead to additional revenue opportunities in the medium and longer term.”..."
"...has a significant war chest ($4.5M) of cash on the books, which is balanced by virtually no total current liabilities. TRTC is pulling in trailing 12-month revenues of $37.6M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 26.2%..."
https://oracledispatch.com/2018/07/27/terra-tech-corp-otcmktstrtc-continues-show-positive-signals/
business is blüming!!!
hmmm, if the State of New Jersey will allow cheap prison labor to grow mj then kvv is your man
DP kicks the vv's to the curb and...
"... Edible Garden revenues increased 40% as our expanded offerings drove sales growth. Our gross profit for the first quarter ended March 31 2018 was $1.6 million compared to a gross profit margin of $400,000 for the first quarter ended March 31 2017, an increase of $1.7 million or 358.8%.
The Edible Garden herbs and produce segment gross profits increased from a negative $53,000 for the first quarter ended in March 31 of 2017 to positive $21,000 for the first quarter ended March 31st of 2018..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002325/trtc_ex992.htm
...revenues increase by 40% and gross profits increased by an astounding 358.8% - WoW!!
Here are a few key areas in the suit trtc has filed against the VV's.
could it all be related somehow? lmao
Definitely would NOT want to be in their shoes.
the VV's that is. Here is a few “lowlights” in the lawsuit trtc filed against the VV's and I for one can say I would not want to be in their shoes if this hits a courtroom, lol.
"…committed fraud against Terra Tech, stole its intellectual property, proprietary information, and usurped corporate opportunities intended for Terra Tech in order to benefit of GRO-RITE and NATURALLY BEAUTIFUL."
"…diverting Terra Tech opportunities to Vande Vrede family entities including but not limited to opportunities with Chill Waze, CBD Water and Cultivar, three companies that would have offered Terra Tech strategic and lucrative corporate alliances."
"…disseminating Terra Tech’s proprietary application documents and process to other entities for the benefit of the Vande Vrede entities including GRO-RITE."
"…failing to disclose conflicts of interest between their positions as officers and employees with Terra Tech."
"…using Terra Tech intellectual property including, but not limited to, Daily Revenue Reports, Nevada Cannabis Permit Applications, Compliance Memorandums and Terra Tech Google Analytics in order to usurp opportunities intended for Terra Tech and divert them to the Vande Vrede family entities."
"…using Terra Tech employees to produce PowerPoint presentations, and engage in other work, which was subsequently used to divert opportunities from Terra Tech to the Vande Vrede family entities."
"…using Terra Tech money to expense items that were used for the benefit of the diversion of these opportunities and the Vande Vrede family."
"…attempted to usurp or did usurp an opportunity Terra Tech had with Cultivar for their GRO-RITE, NATURALLY BEAUTIFUL and/or Vande Vrede family businesses."
"Instead of providing that opportunity to Terra Tech or Edible Garden, he forwarded the email, with the opportunity, to Defendants… …who were operating competing entities, GRO-RITE and NATURALLY BEAUTIFUL."
"…used Terra Tech’s name as a way to develop opportunities with vendors and business partners. Once a dialogue was opened, however, he dropped Terra Tech without informing anyone at Terra Tech, including other executives or members of the board, and instead pursued these opportunities for his family businesses and GRO-RITE."
"… Chill Waze CEO Vincent Gareffa emailed Defendant… …at his Terra Tech email address to pitch Chill Waze’s idea for partnering with Terra Tech."
"…never provided anyone at Terra Tech or Edible Garden the opportunity to hear Chill Waze’s pitch and, instead, copied Defendant DANIEL VANDE VREDE at GRO-RITE on all emails he exchanged with Chill Waze."
"…used Terra Tech resources for his own personal gain when he used his Terra Tech American Express credit card to pay for lunch with Chill Waze."
"…at his Terra Tech email address to break down ownership of Chill Waze and attached a PowerPoint presentation, which identifies Defendant as a “Silent Partner/Operations” and Defendant DANIEL VANDE VREDE as “COO/Inventory and Logistics”. Moreover, the PowerPoint presentation indicated that the warehouse was going to be the GRO-RITE location in New Jersey, implying that Chill Waze intended to compete with Terra Tech in New Jersey."
"…asked a Terra Tech employee to send over the Terra Tech Property ID in order to login and access google analytics for the Terra Tech website… …immediately forwarded Terra Tech’s Property ID to CEO Gareffa at Chill Waze so that he could login as a Terra Tech user and access Terra Tech proprietary information."
"…using Terra Tech’s name and resources to attract vendors and business partners, but then keep the opportunities for his family… …took an opportunity presented by Ken Voorhees of Ungerer & Co on February 6, 2018, for the Plant Based organic CBD Water packer."
"…at his Terra Tech email address and stated, “Organic CBD Water 50% Vande 50% Voorhees, $50k each initial seed money. We can open after launch to others."
"…charged his parking In Morristown, New Jersey, to the Terra Tech corporate credit card for that meeting…"
"Daniel Grover from the Great Meadows Design Group emailed Defendant KENNETH VANDE VREDE at his Terra Tech email address to ask Defendant KENNETH VANDE VREDE if he had sent over the executed contract or non-disclosure agreement… From January 31, 2018 through February 22, 2018, the two exchanged emails regarding corporate names and obtaining a New Jersey cannabis permit for “Lincoln Park and Belvidere locations.”"
"…received emails at his Terra Tech email address from Thomas Mastrangelo, a cannabis lobbyist, to discuss the next potential steps in growing the cannabis side of the Vande Vrede family business with GRO-RITE."
"…received an email at his Terra Tech email address from Quantum 9 CEO Michael Mayes… …forwarded the email from CEO Mayes to Defendants… …stating “Help us write our family cannabis permits for NJ.”… …responded and asked, “What’s this for?” Defendant KENNETH VANDE VREDE responded, “Consultant that will help our family write the NJ cannabis application for us. Scored #1 in PA. Has a 93% success rate.”…"
"From August 25, 2017, through February 6, 2018, Defendant KENNETH VANDE VREDE exchanged emails at his Terra Tech email address with CEO Mayes from Quantum 9, which culminated in Quantum 9 sending a work order, contract and non-disclosure agreement to Defendant KENNETH VANDE VREDE, which he forwarded to himself at his GRO-RITE email address, identifying GRO-RITE as the contracting party with Quantum 9 and the entity that would benefit from the work order from Quantum 9."
"…emailed Terra Tech’s proprietary Nevada Permit Applications to Mark Hanselman and David Alston, individuals who are not affiliated or associated with Terra Tech."
"…emailed with David Hollberg, the Pequannock, New Jersey Township Manager/CFO. They agreed to set up a meeting, which took place on January 10, 2018, at GRO-RITE, to discuss GRO-RITE’S application to grow cannabis."
"…used Terra Tech’s proprietary application documents to submit an application to Pequannock Township."
"…attended Terra Tech board meetings on September 26, 2017, and December 19, 2017. At each of these meetings, the board expressly asked Defendant KENNETH VANDE VREDE whether his family was competing with Terra Tech in cannabis. He misrepresented that they were not. In actuality, Defendant KENNETH VANDE VREDE led the family business charge to focus on cannabis cultivation in New Jersey."
"…were to work at least 30 hours per week. However, they worked no more than 28 hours per week there by obtaining benefits for themselves and their family under false pretenses and effectively, stealing Terra Tech resources."
WoW, looks like while shareholders are getting fitted for their tux the VV's will be getting fitted with orange jumpsuits.
I think this part is particularly hilarious...
"...The VandeVredes are seeking, among other things, a declaratory judgement that the they did not violate their fiduciary duties owed to the Company or Edible Garden and reinstating the VandeVredes to their status with the Company and Edible Garden prior to their suspensions..."
lol, they ALL want their jobs back... bwaaahaaahaahaahaha...
maybe the vv's haven't realized it yet or maybe they have... but ain't nobody out there going to want to do business with back stabbing opportunists like them, lol.
business is blüming!!!
Blüm/western
"On July 6, 2018, MediFarm LLC, a wholly-owned subsidiary of Terra Tech Corp. (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Exhale Brands Nevada III, LLC (the “Purchaser”) pursuant to which the Company agreed to sell and the Purchaser agreed to purchase substantially all of the assets of the Company related to the Company’s dispensary located at 1921 Western Ave., Las Vegas, NV 89102 (the “Business”). The aggregate consideration to be paid for the Business is $6,250,000 in cash plus the value of any inventory of the Business on the closing date."
To be clear, trtc owns 98% of blüm/western so that 6.25 Million is actually 6.125 Million plus Inventory to trtc shareholders. That should more than pay for getting the fremont location up and running.
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003475/trtc_8k.htm
business is blüming!!!
A Big Dose of Reality
trtc positions for growth in California, Nevada and New Jersey
https://soundcloud.com/newcannabisventures/terra-tech-positions-for-growth-in-california-nevada-and-new-jersey
Investor Presentation - August 2018
https://www.terratechcorp.com/news-media/presentations
https://d1io3yog0oux5.cloudfront.net/_05e749e66192835355facbfdf0098d26/terratechcorp/db/224/433/pdf/Terra+Tech+Investor+Presentation+August+2018+Final.pdf
trtc reports Record Revenues for 2017
https://www.nasdaq.com/press-release/terra-tech-corp-reports-record-revenues-for-year-end-december-31-2017-20180316-00787
trtc #1 in Revenue:
https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
blüm "The People’s Choice" voted the TOP Dispensary in both Nevada and California!!!
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
trtc one of the Top Four California weed stocks
https://www.potnetwork.com/news/here-are-4-best-california-weed-stocks-smart-investors
trtc ranked #10 on the otcqx Best 50 Companies
http://web.otcmarkets.com/otcqx-best-50/
trtc listed as THE top "fastest-growing public companies: small companies"
business is blüming!!!
marketing genius!
first off thanx for all the condolences, I truly appreciate it, it's been a rough week plus. Services today in my State then grave site services tomorrow in another State.
now back to board business.
"Mr President" - Genius marketing move. Placed the add in a regional highly respected widely read stock market paper for less than 100k (best guess). The story is now going to be picked up by several more well read news sources and also including television. this should get a lot of people talking with DP, trtc and legalization in mind. I like it!!!
business is blüming!!!
today in the WSJ
"Today in the Wall Street Journal our company placed a full page letter to our President. The purpose of this letter is to shed light on the competitive advantage other nations, particularly Canada, are gaining against the US due to our federal policy towards cannabis."
https://www.facebook.com/terratechcorp/photos/pb.284907041560615.-2207520000.1539690321./2093302704054364/?type=3&theater
business is blüming!!!
ps. sorry folks for being almost absent lately, been really busy, haven't had time to post or even follow the last week or so.
pops passed
Dear Mr President
"...Terra Tech and Peterson refuse to stay idle and let American companies get left behind.
In an effort to speed up the modernization laws in the US, Terra Tech plans to take out a full-page ad in the Wall Street Journal, aimed directly at President Donald Trump, as soon as next week. Peterson also plans to buy advertising slots during Fox and Friends, the morning talk show that's known to be a favorite of the president..."
"..."We would prefer to create our own destiny and have access to the Morgan Stanley's, Bank of Americas, and Goldman Sachs's of the world to be able to raise real capital and compete in the global marketplace."..."
https://markets.businessinsider.com/news/stocks/marijuana-stocks-terra-tech-canada-leaving-them-in-dust-2018-10-1027612501
business is blüming!!!
IVXX review
"At Ganjly, we do unpaid and unbiased product reviews. We also interview cannabis experts, entrepreneurs and company representatives who are doing something noteworthy. To learn about becoming featured, you can reach out to us at wecare@ganjly.com."
"...considered among the top and authentic cannabis producers out there. IVXX is one of the finest grade cannabis product.
IVXX is known for its finest products, following the study’s highest standards. IVXX is known for pushing the credibility and acceptance of cannabis products.
The company makes sure it partners with the best and most experienced cultivators, making sure their cannabis is grown and cultivated with the most beneficial and nurturing conditions."
"...This premium product has zero trace solvents. Interestingly, this high-quality wax is very smooth."
"...It has become a go-to company for people who want to take a hold of the finest and cannabis products out there from a secure and discreet company that puts premium service to its customers all over.
Within the company’s highly advanced and especially-created IVXX Extraction Labs, scientists meticulously produce the company’s concentrates and extracts known for being the highest-quality as well as the purest in the industry."
"...Each of the company’s lab showcases completely versatile and dynamic Supercritical CO2 Fluid Extraction equipment.
It also has precise Chromatographic applications, making sure the company can meticulously refine its products to precise micro-specifications.
IVXX is considered one of the industry’s most respected brands..."
https://ganjly.com/2017/10/05/ivxx-review-finest-grade-cannabis-products/
business is blüming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 70.85 million (end of Q2), (8/6 - 72,189,614)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
business is blüming!!!
Skating to where the puck is going
DP on Cali...
“We expect to achieve a footprint within California markets throughout 2018 that allows for us to produce 20,000 pounds of product per year of cannabis. In Oakland, let’s start there, we’re currently constructing a 13,000-square-foot cultivation facility. That will be coming online later this year. That facility, in and of itself is gonna have the ability to produce one metric ton of cannabis per year. We received a provisional cultivation permit in Q2 2017 and expect to be fully operational by mid-2018.
This location will obviously supply our Bloom Oakland dispensary, which has been operated by us since April 2016 after we acquired it, and we’ve got a great location. There, again, we’re seeing about a thousand patients a day out of our retail footprint in the Oakland marketplace. And this will, again, feed the IVXX brand through multiple stores, but it’ll be a great driver of product with low margins through our retail footprint in Oakland, California.
Santa Ana, as you know, we acquired a dispensary there. The fourth quarter was full first quarter revenues for us out the of Santa Ana location. We’ve got great brand recognition down here in the Southern California marketplace. I think people have been waiting for the Bloom and the IVXX brand to arrive in SoCal for some times. Santa Ana has created a great platform for us to be able to build a significant business down here. They’ve taken a spot leadership standpoint to be the Southern California hub for cannabis activities.”
“on February 1st, we submitted applications to open two additional retail dispensaries in Santa Ana, and we expect the city to announce whether these are approved in the next couple of months. In San Leandro for some of the new people joining the call, we’ve been contracting a new Bloom dispensary, as well as an extraction facility, laboratory, and commercial kitchen.
That is currently underway. They’re gonna open up a different time. The retail facility will open up some time in May, and then we’re thinking the latter part of Q2, early Q3 for the extraction in the facility to go along with that. We think those are gonna be great facilities for us, but we’ll start to see some revenue being driven out of the retail position, we’re hoping sometime in May depending on the local and state licensing”
“…in California, we have our Oakland retail dispensary; we have our Santa Ana retail dispensary, and we have our San Leandro retail dispensary that we’re gonna be opening up here in the not too distant future. But in condition to that, we have the large-scale cultivation facility that we’re building in Oakland right now. We have the onsite cultivation facility that’s part of our Oakland campus. It’s not gigantic, but it produces a couple million dollars of produce on an annual basis. That facility has been in operation for some time now.
But in addition to that, we’ve just purchased a large-scale facility down here in Santa Ana California. We bought an 11.5-million-dollar campus in Santa Ana, where we applied for new retail permits. And as soon as they open up the opportunity to apply for additional cultivation and extraction permits, we’re going to hopefully be building out a large-scale complex and campus down here in Southern California that will house extraction and cultivation, as well as an unbelievably located retail storefront on an very major busy intersection for us here in the Santa Ana marketplace.
So we acquired 44,000-square-feet on three acres, and we’re going through the permitting process there right now. And, again, that’ll be another use of capital over the next year and a half to build all these facilities out, so that we can obviously expand our cultivation and footprint our extraction footprint and be able to have enough product out there to service our existing retail footprint, but also to have a strong wholesale presence in the marketplace throughout California.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on Nevada...
“…in Nevada, we’ve got four retail dispensaries, three in Las Vegas, one in the Reno marketplace. We’ve just finished a 30,000-square-foot cultivation facility, and we’ve got a 15,000-square-foot extraction lab to produce the concentrates, oil lines, and those types of things for the Nevada marketplace. Again, not only for our stores, and New Leaf stores, but also for all the retail storefronts in multiple marketplaces throughout Nevada.
There’s the potential that they’re gonna issue additional permits in Nevada for additional retail locations. We’re not sure what’s going to happen with that just yet, but we do know for certain they’re only going to issue those permits to existing owners of retail dispensaries, so we’ll be able to maintain our market saturation and avoid outside competition from new players coming in and eroding our market share.
We are also planning and building one of our other cultivation permits that we won in Spanish Springs, so not too far away from the existing cultivation facility. We’re in planning and design right now for the construction of a one-acre greenhouse facility. Again, the benefits of greenhouse cultivation is the cost to productions are a lot cheaper. It provides a tremendous amount of feedstock for our traction line so we can produce more edibles and concentrates, and those types of things for the Nevada marketplace as well. So that’s our current footprint and our expanding footprint coming up over the next year and a half there as well.”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
DP on New Jersey...
“So where have we spent our money, and where are we going to spend our money? So in New Jersey, for example, we built ourselves a significant footprint across the country. I just want to kind of itemize that because I know we have a lot of new shareholders on the call. We went from 50,000 to 115,000 over the course of a little over a year. So I want to make sure everybody understands what kind of our geographic footprint right now looks like.
So we’ve got a 250,000-square-foot fully glass, fully automated cultivation facility in New Jersey that we grow produce. Again, our intention there is to open up retail dispensaries in New Jersey. Obviously, a big cultivation and extraction backbone on our facilities back there, leverage our current infrastructure, and reduce our time to market. So our hope is opening up multiple retail dispensaries, and obviously having the cultivation extraction backbone utilizing the existing footprint we have in the New Jersey marketplace.”
"...even more so as we work in Nevada on the legislation, the regulatory environment that’s shifting over there now with Chris Christie out, and the entering of Governor Murphy that’s made it a significant stand on his campaign to legalize adult use cannabis in New Jersey. So, first and foremost, the first thing they’re going to do is expand, rapidly, the medical program by the issuance of additional licenses and cultivation extraction in retail."
"...While that’s happening, the secondary approach is to get some framework for regulation around adult use within the state. The beauty of us is we have existing infrastructures that we’ve set back there. We have corporate offices. We have HR. We have admin. We obviously have the Capex of the facility that we built back there. The pack house could come in to potentially host an extraction facility."
"So at the end of the day, we’re relatively ramped up to semblance of first mover advantage for a second round here, and we’re working heavily right now lobbying to guide the regulations to make sure that we have the ability to produce that product at the New Jersey facility. Financing and reverse split. So as many of you see, we’ve got lots of opportunity to build our business in multiple markets..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
business is blüming!!!
Definitely would NOT want to be in their shoes.
the VV's that is. Here is a few “lowlights” in the lawsuit trtc filed against the VV's and I for one can say I would not want to be in their shoes if this hits a courtroom, lol.
"…committed fraud against Terra Tech, stole its intellectual property, proprietary information, and usurped corporate opportunities intended for Terra Tech in order to benefit of GRO-RITE and NATURALLY BEAUTIFUL."
"…diverting Terra Tech opportunities to Vande Vrede family entities including but not limited to opportunities with Chill Waze, CBD Water and Cultivar, three companies that would have offered Terra Tech strategic and lucrative corporate alliances."
"…disseminating Terra Tech’s proprietary application documents and process to other entities for the benefit of the Vande Vrede entities including GRO-RITE."
"…failing to disclose conflicts of interest between their positions as officers and employees with Terra Tech."
"…using Terra Tech intellectual property including, but not limited to, Daily Revenue Reports, Nevada Cannabis Permit Applications, Compliance Memorandums and Terra Tech Google Analytics in order to usurp opportunities intended for Terra Tech and divert them to the Vande Vrede family entities."
"…using Terra Tech employees to produce PowerPoint presentations, and engage in other work, which was subsequently used to divert opportunities from Terra Tech to the Vande Vrede family entities."
"…using Terra Tech money to expense items that were used for the benefit of the diversion of these opportunities and the Vande Vrede family."
"…attempted to usurp or did usurp an opportunity Terra Tech had with Cultivar for their GRO-RITE, NATURALLY BEAUTIFUL and/or Vande Vrede family businesses."
"Instead of providing that opportunity to Terra Tech or Edible Garden, he forwarded the email, with the opportunity, to Defendants… …who were operating competing entities, GRO-RITE and NATURALLY BEAUTIFUL."
"…used Terra Tech’s name as a way to develop opportunities with vendors and business partners. Once a dialogue was opened, however, he dropped Terra Tech without informing anyone at Terra Tech, including other executives or members of the board, and instead pursued these opportunities for his family businesses and GRO-RITE."
"… Chill Waze CEO Vincent Gareffa emailed Defendant… …at his Terra Tech email address to pitch Chill Waze’s idea for partnering with Terra Tech."
"…never provided anyone at Terra Tech or Edible Garden the opportunity to hear Chill Waze’s pitch and, instead, copied Defendant DANIEL VANDE VREDE at GRO-RITE on all emails he exchanged with Chill Waze."
"…used Terra Tech resources for his own personal gain when he used his Terra Tech American Express credit card to pay for lunch with Chill Waze."
"…at his Terra Tech email address to break down ownership of Chill Waze and attached a PowerPoint presentation, which identifies Defendant as a “Silent Partner/Operations” and Defendant DANIEL VANDE VREDE as “COO/Inventory and Logistics”. Moreover, the PowerPoint presentation indicated that the warehouse was going to be the GRO-RITE location in New Jersey, implying that Chill Waze intended to compete with Terra Tech in New Jersey."
"…asked a Terra Tech employee to send over the Terra Tech Property ID in order to login and access google analytics for the Terra Tech website… …immediately forwarded Terra Tech’s Property ID to CEO Gareffa at Chill Waze so that he could login as a Terra Tech user and access Terra Tech proprietary information."
"…using Terra Tech’s name and resources to attract vendors and business partners, but then keep the opportunities for his family… …took an opportunity presented by Ken Voorhees of Ungerer & Co on February 6, 2018, for the Plant Based organic CBD Water packer."
"…at his Terra Tech email address and stated, “Organic CBD Water 50% Vande 50% Voorhees, $50k each initial seed money. We can open after launch to others."
"…charged his parking In Morristown, New Jersey, to the Terra Tech corporate credit card for that meeting…"
"Daniel Grover from the Great Meadows Design Group emailed Defendant KENNETH VANDE VREDE at his Terra Tech email address to ask Defendant KENNETH VANDE VREDE if he had sent over the executed contract or non-disclosure agreement… From January 31, 2018 through February 22, 2018, the two exchanged emails regarding corporate names and obtaining a New Jersey cannabis permit for “Lincoln Park and Belvidere locations.”"
"…received emails at his Terra Tech email address from Thomas Mastrangelo, a cannabis lobbyist, to discuss the next potential steps in growing the cannabis side of the Vande Vrede family business with GRO-RITE."
"…received an email at his Terra Tech email address from Quantum 9 CEO Michael Mayes… …forwarded the email from CEO Mayes to Defendants… …stating “Help us write our family cannabis permits for NJ.”… …responded and asked, “What’s this for?” Defendant KENNETH VANDE VREDE responded, “Consultant that will help our family write the NJ cannabis application for us. Scored #1 in PA. Has a 93% success rate.”…"
"From August 25, 2017, through February 6, 2018, Defendant KENNETH VANDE VREDE exchanged emails at his Terra Tech email address with CEO Mayes from Quantum 9, which culminated in Quantum 9 sending a work order, contract and non-disclosure agreement to Defendant KENNETH VANDE VREDE, which he forwarded to himself at his GRO-RITE email address, identifying GRO-RITE as the contracting party with Quantum 9 and the entity that would benefit from the work order from Quantum 9."
"…emailed Terra Tech’s proprietary Nevada Permit Applications to Mark Hanselman and David Alston, individuals who are not affiliated or associated with Terra Tech."
"…emailed with David Hollberg, the Pequannock, New Jersey Township Manager/CFO. They agreed to set up a meeting, which took place on January 10, 2018, at GRO-RITE, to discuss GRO-RITE’S application to grow cannabis."
"…used Terra Tech’s proprietary application documents to submit an application to Pequannock Township."
"…attended Terra Tech board meetings on September 26, 2017, and December 19, 2017. At each of these meetings, the board expressly asked Defendant KENNETH VANDE VREDE whether his family was competing with Terra Tech in cannabis. He misrepresented that they were not. In actuality, Defendant KENNETH VANDE VREDE led the family business charge to focus on cannabis cultivation in New Jersey."
"…were to work at least 30 hours per week. However, they worked no more than 28 hours per week there by obtaining benefits for themselves and their family under false pretenses and effectively, stealing Terra Tech resources."
WoW, looks like while shareholders are getting fitted for their tux the VV's will be getting fitted with orange jumpsuits.
I think this part is particularly hilarious...
"...The VandeVredes are seeking, among other things, a declaratory judgement that the they did not violate their fiduciary duties owed to the Company or Edible Garden and reinstating the VandeVredes to their status with the Company and Edible Garden prior to their suspensions..."
lol, they ALL want their jobs back... bwaaahaaahaahaahaha...
maybe the vv's haven't realized it yet or maybe they have... but ain't nobody out there going to want to do business with back stabbing opportunists like them, lol.
business is blüming!!!
lawsuit against trtc dismissed with prejudice by Judge
"ORDER ON STIPULATION21 FOR DISMISSAL WITH PREJUDICE OF DEFENDANT TERRA TECH CORP. by Judge Fernando M. Olguin. IT IS HEREBY ORDERED that Plaintiffs claims against Defendant are hereby DISMISSED with prejudice. Case Terminated. Made JS-6. (iv)"
https://www.pacermonitor.com/public/case/24080186/Schawk_USA,_Inc_v_Terra_Tech_Corp
business is blüming!!!
Cali phase I / II Flowchart
http://www.ci.santa-ana.ca.us/commercialcannabis/documents/CommercialCannabisFlowchart.pdf
business is blüming!!!