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Great place to put money when you are confident in good returns. He has enough to finish building out what we do own and reward the share holders while increasing asset values and share values while waiting to see how the current assets perform.
True. Honestly, I am not surprised the sector is in the shape it is. Lots of these companies are hanging on with their finger nails.
I am really disappointed in the government passing up the chance to right a wrong and to create a new job creating industry in the process. I figure TRTC has until the 2019 10k to get it's act together. Then who knows.
TRTC is short proof while we are at this level and with the news of a share buy back. All our pests employers are busy elsewhere, hence the missing pests.
I own two stocks that will be the short killers if it all goes well - Tesla and Terra tech.
BTW - Disney Oracle is more like it.
Well Said. And quite true.
The market is currently neutral with Terra Tech but unimpressed with CuraLeaf, Planet13, Trulieve, Canopy Rivers, TGOD, Origin House, Aphria, Cresco Labs, CVSI, Golden Leaf, Kaly and MedMen.
The only ones up are coming off bottoms and then only slightly.
Half truths are lies.
TRTC is not borrowing the money to do the share buy back so there is no answer needed. Try again, there are good questions to ask.
Don't be silly, TRTC is a small company in an federally illegal business and a profitless industry.
There are no lower borrowing costs for these companies.
TRTC is using idle money from the sale of assets to buy back shares. around 40% of their shares could be brought back with 20 Million dollars. They did not borrow it.
The buy back will be on the open market which should drop the OS considerably & increase the value considerably.
This makes me think the price will do a slow walk up over the buying period while it's going on. Assuming the OTC follows the same practice.
SEC Rule 10b-18 - Company requirements to the broker(s) used - It should specify that:
The company and affiliated purchasers may work with only one broker or dealer on any single day.
The company may not buy on the opening trade on the NASDAQ National Market or during the last half hour of scheduled trading.
The company's purchase or bid price may not exceed the highest current independent bid quote or last independent sale price, whichever is higher.
The company must stay within trading volume restrictions unless it is doing a block trade.
https://www.journalofaccountancy.com/issues/1999/may/mccarthy.html
“Stocks of companies that buy back their shares tend to outperform both short and long term,” the report says.
https://www.cnbc.com/2019/07/18/companies-have-been-buying-back-massive-amounts-of-stock-this-year.html
Apparently you do. Here's the 8k at the top of the boards page.
You want me to spoon feed you?
Bend over baby - https://ih.advfn.com/stock-market/USOTC/terra-tech-corp-TRTC/stock-news/80738725/current-report-filing-8-k
The Motives of a stock buy back
Why do companies buy back shares? A firm's management is likely to say that a buyback is the best use of capital at that particular time. After all, the goal of a firm's management is to maximize return for shareholders, and a buyback typically increases shareholder value. The prototypical line in a buyback press release is "we don't see any better investment than in ourselves." Although this can sometimes be the case, this statement is not always true.
There are other sound motives that drive companies to repurchase shares. For example, management may feel the market has discounted its share price too steeply. A stock price can be pummeled by the market for many reasons such as weaker-than-expected earnings results, an accounting scandal, or just a poor overall economic climate. Thus, when a company spends millions of dollars buying up its own shares, it can be a sign that management believes that the market has gone too far in discounting the shares—a positive sign.
https://www.investopedia.com/articles/02/041702.asp
Key Takeaways of a Stock Buy Back
A stock buyback occurs when a company buys back its shares from the marketplace.
The effect of a buyback is to reduce the number of outstanding shares on the market, which increases the ownership stake of the stakeholders.
A company might buyback shares because it believes the market has discounted its shares too steeply, to invest in itself, or to improve its financial ratios.
https://www.investopedia.com/articles/02/041702.asp
How Does a "Buyback" Work?
There are two ways that companies conduct a buyback: a tender offer or through the open market.
1. Tender Offer
The company shareholders receive a tender offer that requests them to submit, or tender, a portion or all of their shares within a certain time frame. The offer will state the number of shares the company wants to repurchase and a price range for the shares. Investors who accept the offer will state how many shares they want to tender along with the price they are willing to accept. Once the company has received all of the offers, it will find the right mix to buy the shares at the lowest cost.
The market typically perceives a buyback as a positive indicator for a company, and the share price often shoots up following a buyback.
2. Open Market
A company can also buy its shares on the open market at the market price. It is often the case, however, that the announcement of a buyback causes the share price to shoot up because the market perceives it as a positive signal.
https://www.investopedia.com/articles/02/041702.asp
What is a stock buy back?
A stock buyback, also known as a share repurchase, occurs when a company buys back its shares from the marketplace with its accumulated cash. A stock buyback is a way for a company to re-invest in itself. The repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced. Because there are fewer shares on the market, the relative ownership stake of each investor increases.
https://www.investopedia.com/articles/02/041702.asp
We can agree on those issues.
Right. Canada will lock up the mom and pop MJ business - in Canada. Wow, a real hot bed of activity there.
Then there is the problem of thinking the rest of the world wants weeks old weed from Canada when they can grow it like weeds all over the world. It's a fricking plant grown successfully by lots of high folks all over the world. I'm sure Europe, Asia, Africa, and the Aussies can do well with out Canadian weed.
So can the US.
If I posted a list of the top 10 Canadian companies no one here except maybe Canadians would know who or what they were. There is a reason for that. Canadians took the European holiday month in August and made it all year long.
The reason why Canadians have not launched a rocket to the space station or the moon is because the entire country can not stay awake long enough to finish the countdown. (Copyrighted material)
Great, you are invested in a company you believe will do well. I don't believe it will but I can respect your opinion and not spend all day posting on that companies board.
I believe, with my wallet, that TRTC has a good chance to do well.
Now, Why are you here?
It's gonna be a shocker when those dispensaries in the states, opened by Canadian firms growing their product in Canada are stopped at the border and turned around. They need to read the Ag Departments lists of prohibited foods. Most plants are prohibited except for personal use in some cases.
Then there is the protected status the US normally applies to beginning industries.
Canadian MJ will be for Canadians and not for Americans.
Anyone remember Canadian Hockey? It suffered the same fate the Canadian MJ industry will - tiny customer base. They need to stick with syrup. You have to ship that product and with commerce being illegal it won't come through because all the borders are federal borders - not state borders.
AliBaBa is dead. Doesn't matter which party is elected and the reason why is China is a country that has very little ability to innovate so they steal and the US is done with them. They have stole their last trade secret. Even Apple is looking for a different source. Goodyear is done. Tesla sees the writing on the wall which is why they are developing three gigafactories. You did it again - you picked a POS.
Yep, we finally have some daylight ahead. Goodnight and cross your fingers. We still have two more quarters where Derek can not backslide. He needs to hit 16.3 million in revenues on the 4th quarter at the latest and raise the margins into the 60-70% levels for us to break even or see profits.
I'm sorry for people buying into Green Growth Brands to see it slide from 5 bucks to one in 6 months. A much larger loss than the TRTC 6 month loss.
What a laugh.
The truth is both companies are in an industry made out of patchwork regulations that are constantly changing, countervailing laws, crappy financing and ineffective state(provincial)/federal governments. And both could do well if the can get to profitability.
Please don't pretend there is a difference - dilution and it's effects are always the same and finding the one out of a hundred that will get out of the dilutive hole and make profits is the only reason to put any money on any of these stocks. My choice is TRTC and I'll know in 6-9 months if it was a good choice. If I lose it doesn't effect me in the slightest.
In the mean time, we don't need folks who have no money in the game pissing on the table. Basically you are sitting in the Green Bay bleachers rooting for Chicago. Not cool.
When both Nixon and Clinton was impeached usual business still took place. I was in the military during both impeachments and the government passed and enforced laws all during those times.
Based on what I am seeing, my entire list of MJ stocks are down anywhere from -8.61 to -3%.
The 20 million dollar stock buy back part of it, Still on track to further improve margins and attain a 63 million run rate with the primary goal of becoming a self sustaining business. Then we have the Form 4's only being buys for all of this year to date, Dyer road, increased grow ops, the M&A lawyer for New Jersey, as well as the strategic investment in OneQor technologies which will probably be involved with the CBD store in Vegas.
You do realize the buy back will almost cut the OS by 50%?
One can make a lawn business with a rusty pickup, lawnmower and some Walmart lawn tools. Takes more to build retail outlets in a new industry. The concept was pitched in July.
IRVINE, CA / ACCESSWIRE / July 2, 2019 / Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech") or (the "Company"), a vertically integrated cannabis-focused agriculture company, today announced that it started the process to open a CBD only retail location called Blüm CBD in downtown Las Vegas at its retail location on 121 North 4th Street.
The future Blüm CBD is positioned to be easily accessible and draw high volumes of customers on North 4th Street, located just 100 feet from the world-famous Fremont Street Experience which attracts more than 14 million annual visitors. The design of the store will be reflective of new Blüm store concepts and the artful vibe of downtown Las Vegas . Blüm CBD is expected to have an eye-catching façade and a bright and modern interior with modular displays in place to keep the visual merchandising of the store fresh, clean and organized.
Chief Executive Officer, Derek Peterson , said, "Converting our North 4th Street location into an exclusive one stop shop for CBD products will allow Terra Tech to excel in its retail initiatives and stay ahead of the booming CBD industry that's unfolding in the U.S. With its location in the heart of Las Vegas , the new CBD focused store will reflect high consumer demands and set standards for our CBD sales. Much planning has gone into operating as a CBD provider at this location and we are extremely excited to share our products with all who are a part of such an iconic city."
Blüm CBD is planned to operate as a luxury retail concept that will mimic the Blüm cannabis retail shopping experience in a CBD-only environment. The retail floor will be subdivided into zones categorized by products including Beauty, Pantry, Wellness and Lifestyle.
The Beauty section is expected to feature CBD-infused lotions, facial creams, makeup and bath products by brands such as Wink and Kush Queen . The Pantry section will sell CBD-infused kitchen items such as honey, olive oil and teas. The Blüm CBD Pantry will also carry educational resources for cooking with CBD. The Wellness section of the store will be dedicated to holistic CBD products such as tinctures, topical balms for pain, hemp-based nutritional supplements as well as CBD-only vapes. Additionally, with the store's location in a high-traffic area for tourism, the Lifestyle portion of the store will carry items such as books, clothing and ashtrays.
The Company plans to approach its Blüm vendors to potentially create CBD-only products exclusive for Blüm.
To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.
About Terra Tech
Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc. , Edible Garden, and MediFarm LLC . Blüm's retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California . Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its multiple California and Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated cannabis dispensaries throughout California and dispensaries in Nevada . The Company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite , Walmart , Ahold , Aldi , Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech's MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada .
For more information about Blüm Retail Stores visit: http://letsblum.com Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline Follow us on Instagram @Letsblum Follow us on Twitter @terratechcorp For more information about Edible Garden visit: http://www.ediblegarden.com/ Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Pissed off with your POS dropping below 3 cents and down another 8% today?
I'd say the only thing that matters is getting out before it crosses 3 cents - except that has already happened.
This is the Terra Tech board not GLDFF. You should not talk about the stock you are pumping that way. Golden Leaf has a chance - about 1 in a million. I hear they are changing their name to Golden Shower when they drop below 2 cents.
It is getting to look real bleak for the dude. No telling what he'd promise. MJ would be easy - except for Mitch and Grassley.
In the beginning, I had hopes the dude would be more a populist in the vein of Teddy Roosevelt. Instead of Snidely Whiplash.
Touch and Go. I found out one thing.
It's way harder to make anything on the valleys down than the peaks up.
You do know you are supposed to have fun. Not FUNN having you.
I'm more comfortable about Terra Tech's future than I've been in a long time.
Volume is the problem. The last pop was related to traders buying in after the news. Now it's folks who are invested buying drips and drabs. TRTC lost a ton of small investors to the RS. Most will not come back. It will take sustaining the gains and marketing to grow the investor base back.
By 2024, legal marijuana global sales are projected to reach USD 63.5 Billion while exhibiting a CAGR of 21.1% from 2017 to 2024. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Planet 13 Holdings Inc. (OTC: PLNHF) (CSE: PLTH), Emerald Health Therapeutics Inc. (OTC: EMHTF) (TSX-V: EMH), The Supreme Cannabis Company, Inc. (OTC: SPRWF) (TSX: FIRE), Terra Tech Corp. (OTC: TRTC)
Wonder where the big farmers are on Hemp. The laws are a bag of worms with tape covering the holes.
Good luck. It's always better to grow things than kill things.
I think if I was younger I'd look at buying land in the illegal southern states to eventually grow MJ. But at my age by the time it's legal and the black market is ended will be more than a decade or more.
Nope. But I am saying it's the manufacturing that adds value - so growing 20 acres of hemp is a hobby not a business.
I heard 3d printers can print using food. There goes the convenience stores
And yet it's sold in gas stations. What a laugh. You need to write your lies down so you can keep them straight.
20 Acres of wheat gets about 20 - 30 dollars an acre. Another product that is processed and sold in gas stations.