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So glad I took a chance on this a few weeks ago. It feels good to be a part of something that is going to effect so many people's lives across the planet in such a dramatic way.
Awesome buying op this morning. For those that jumped on the dip, good for you. Nicely Done!
you are correct Rickylane...
COVETED SEAL OF APPROVAL
Quote:
"Upon receipt of a Medical Marijuana Establishment Registration Certificate or Provisional Certificate from the State of Nevada, a person may file an application for a Clark County Business License to operate a Medical Marijuana Establishment located within the unincorporated areas of Clark County, Nevada, by completing the Application Form and providing certain requested documents and information for review by the Department of Business License."
http://www.clarkcountynv.gov/Depts/business_license/lg/Documents/Final%20MME%20BL%20Application%20Instructions_20141112.pdf
Instructions for Applying for a Business License
http://www.clarkcountynv.gov/Depts/business_license/Pages/MedicalMarijuanaEstablishments.aspx
Business license ordinance of title 8 of Clark County code
http://www.clarkcountynv.gov/Depts/business_license/lg/Documents/Proposed%20Amendment%20Title%208%208%2060_MME_Ord11.pdf
I too have been wondering about Washoe Co / Reno and spent a few days last week scouring through .gov websites looking for info. I emailed both incorporated Washoe Co and unincorporated Washoe Co. The incorporated Washoe Co, which would be the dispensary in Reno, has yet to respond. The unincorporated Washoe Co, which would be the cultivation and production facilities, response is as follows:
Quote:
"I can only answer for unincorporated Washoe County and we have not yet received any applications."
My guess is we have been pretty busy getting the 10Q completed and preparing the new applications for the local process of obtaining the Business Licensing Dept. and the Planning Dept. (zoning) stamp of approval.
still doing DD, more to come
thanx sleek, just trying to pay you back a little for all the 1st's you shared with the rest of us. Red fruits, touching the plant etc... Licenses in hand will open up many many possibilities.
long-n-strong, brotha
What I find Hahaha is the other mmj stocks with nearly a BILLION shares os that doesn't have anywhere near the infrastructure, assets, master plan, leadership, foresight or potential that TRTC has. 189,648,936 os shares isn't bad, not bad at all considering what we've accomplished with it. If we need to dilute, we dilute, no biggie. Dilution done the right way for the right reasons is NOT in itself bad. Dilution is how young companies raise capital. PERIOD!
A young company who aggressively and continually invests in it's future earnings potential = good. A young company who wants and demands instant gratification = bad.
lol, I couldn't agree with you more Dickybad. Back at you, your and others efforts to prevent lies and truth twisting from running rampant is a pleasure to watch.
Good call BB...
I might ad that I wouldn't be surprised one bit if TRTC has already been approached by BIG MONEY looking for a piece of the pie. Whether that be from those like O'leary (shark tank) who said on a televised interview the other day how he would go about an mj play, coincidentally was very similar to TRTC's approach, or it be from some of those players who have been denied licenses from Nevada and still looking for an mj play, or both. I believe they have already started negotiations with investors and now it's time for those high priced lawyers to further prove their worth by structuring a TRTC friendly deal(s).
Along with everything you mentioned EG has also gotten us the Dutch Hydro System, respect in the Ag industry, a high entry point for new competition, positive relationships and vender #'s with the largest retailers on the planet (no easy task), the beginnings of a National Brand and a solid footprint in numerous states etc etc etc...
EG has many many benefits that some just refuse to see, maybe we should try printing it out in braille.
you are all welcome. It is a complicated process and could probably only be fully understood by a politician or lawyer.(which is worse, flip a coin. imo) I think it was intentionally set up this way to provide multiple approvals by multiple departments at all levels of gov (who all have to agree) to ensure, for one, that lawsuits won't drag this out through '15.
I think all that's left is for checks to be written, fee's to be collected, I's to be dotted and T's to be crossed. I've included a link to the original "press packet" giving the broad strokes of the process. page 3 is relevant, check it out
http://health.nv.gov/MedicalMarijuana/MMEPressPacketFinal.pdf
here here, very exciting times, a November to Remember. I will continue sorting through gov "red tape" time permitting, between normal Sunday activities along with Football and consequences of first snowfall of the year (rosy red cheeks, wet clothes, warm towels and hot chocolate in front of the fire) I probably wont have everything sorted out, but I'll try to keep longs up to speed. Shorts move along, pay no attention to the man behind the curtain.
could be, If my understanding is correct there will be more than one day.
State approval/rankings breakdown:
Dispensaries = 4 provisional licenses total
Clark County / LV = 1 provisional license
Clark County / unincorporated = 2 provisional licenses
Washoe County / Reno = 1 provisional license
Cultivation / Production = 4 provisional licenses total
Clark County / unincorporated = (1 each) cult / prod
Washoe County / unincorporated = (1 each) cult / prod
If my understanding is correct Tuesday is about business licenses in unincorporated Clark County = (2 disp, 1 cult, 1 prod) We have a whole new set of applications filled out along with any requested documents to submit for review by the Department of Business Licensing. They will start entering info into their systems and could possibly issue licenses, but we still need Zoning approval. I'm unsure at this moment if CC initiates planning Dept (zoning) approval or we do. Licenses can not be given without Dept of Licensing and Dept of Planning (zoning) approval. It's all very confusing.
I imagine a very similar process may also take place for the other 4 provisional licenses.
Clark County incorporated / LV = 1 disp
Washoe County incorporated / Reno = 1 disp
Washoe County unincorporated = 1 cult, 1 prod
There could be additional meetings for incorporated CC, incorporated Washoe, and unincorporated Washoe.
Someone sort through this and correct me if I'm wrong.
tuesday...
Instructions for Applying for a Business License
http://www.clarkcountynv.gov/Depts/business_license/Pages/MedicalMarijuanaEstablishments.aspx
Quote:
"Upon receipt of a Medical Marijuana Establishment Registration Certificate or Provisional Certificate from the State of Nevada,
a person may file an application for a Clark County Business License to operate a Medical Marijuana Establishment located
within the unincorporated areas of Clark County, Nevada, by completing the Application Form and providing certain requested documents and information for review by the Department of Business License."
http://www.clarkcountynv.gov/Depts/business_license/lg/Documents/Final%20MME%20BL%20Application%20Instructions_20141112.pdf
Business license ordinance of title 8 of Clark County code
http://www.clarkcountynv.gov/Depts/business_license/lg/Documents/Proposed%20Amendment%20Title%208%208%2060_MME_Ord11.pdf
more legal rec in NV news...
http://www.therepublic.com/view/story/35f7b0c56a0c4fb19bf34fa4c9c5145f/NV--Marijuana-Politics-Nevada
Business license ordinance of title 8 of clark county code
http://www.clarkcountynv.gov/Depts/business_license/lg/Documents/Proposed%20Amendment%20Title%208%208%2060_MME_Ord11.pdf
THE 2014 STATE BUSINESS TAX CLIMATE INDEX
Nevada Rankings:
Corporate Tax No. 1
Individual Income Tax No. 1
Taxes on Businesses No. 3
Overall Tax Friendly Rankings:
Nevada No. 3 (Wyoming No. 1, South Dakota No.2)
Texas No. 11
Arizona No. 22
Worst ranked states:
New York, New Jersey, California, Minnesota, Rhode Island, Wisconsin,
North Carolina, Connecticut, Vermont and Maryland.
A little history...
FY'14 Guidance ==> 7,000,000
At the end of Q3 we are 87,093 ahead of projections, I can't wait for Q4 release to see where we’re at.
Actual
Q1 ==> 560,319 an increase of 494,198 or 700%
Q2 ==> 3,711,801 an increase of 3,046,436 or 458%
Q3 ==> 1,314,973 an increase of 541,833 or 70.08%
Q1 + Q2 + Q3 ==> 5,587,093
FY'14 - (Q1 + Q2 + Q3) ==> 7,000,000 – 5,587,093 = 1,412,907
Q4 ==> 1,412,907 to meet FY'14 projections
Projections for Q4 ==> 1,500,000
Q4 ==> 1.5 mil, actual need is 1,412,907
The FY'14 lofty guidance of 7mil, which was laughed at when issued now looks like a no brainer.
Two Steps ahead and Blazin' a Trail
I have a point that surprisingly nobody has brought up yet. What happens to all those applicants who don't get any licenses? Are they all just going to walk away from Nevada mmj? I bet most will still try to get a mmj play by approaching those with licenses looking to invest for a percentage.
According to the 10Q the loses your referring to include:
Ramp up of EG Greenhouse = money + time for stuff to grow
EG Equipment
Licenses and Permits for Nevada
etc etc etc... look it up if you wish.
Many of these expenses are one time and won't incur again.
Keep in mind we are still ahead of projections by 90k +/-
We have a national chain emerging.
The people of Ind and NJ want mj, both governors say no
Florida will have mj in '15 or '16. The vote I believe is a blessing in disguise. I know many were disappointed, but i felt we needed the time.
1) for Sunshine Growers to pass the 30 year mark.
2) gives us time to get Nevada up and running.
These are all huge markets + others
I need to go, we are suppose to have the first snow fall of the year tonight and I need to do a few things before it's to late.
It bothers me a little to. One thing I've learned is people who have money and power don't give either up. It's the way it is almost always, the rich get richer, the poor get poorer.
Hey maxx, this is definitely one for a close look.
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Take a closer look and keep in mind we are only a couple of years old and look how far we have came. Soon possibly next week we will also have 7 or 8 licenses to cult, prod and disp mmj. The Nevada process was very involved and took a great deal of time and effort to put all the packages together, find and secure the real estate, deal with email attacks, launch an investigation, get EG into 1200 stores, procure and set up extraction machine, bring multiple new products to market, give speeches and interviews, etc etc etc...
You may be running a little impatient and tired of waiting while being assaulted with half truths and manipulated facts but were almost to the finish line.
TAKE A REAL HARD LOOK AT JUST HOW FAR WE HAVE COME IN SUCH A SHORT AMOUNT OF TIME.
If I had more cash I would definitely buy the dips. Right now, has of this morning, I only own 2 otc stocks, trtc is one and the other has announced in a conference today they just cured a late stage case of the ebola virus, bringing back a Dr from the brink of Death with multiple organ failure and on a ventilator to now being off the ventilator and up walking around ebola free, the stock jumped over 23% in the last few hours of trading. I've already achieved nearly a 70% gain and this one is just getting started. trtc will be similar when licenses are official.
We are still ahead of the game on the FY'14 guidance by around 90,000 +/-. Q4 projections are 1.5 mil, we only need about 1.4 mil to meet guidance, and we have cbd coming to market in December.
Waver if you must, I'm long-n-strong.
There is a large increase in selling, admin and general expenses and I bet there are some who are going to beat this to death but keep in mind many of the expenses are a one time costs.
such as;
Ramp up of EG Greenhouse
EG equipment
Licensing & Permit costs for all Nevada
Salary for employees (why won't they work for free, or at least veggies)
etc...
GrowOp needs 110,000 for development and a new line of Double Ended Lighting
It's not nearly as bad has some will claim. Yes we have accumulated large expenses but we have come a long way baby. Licenses in hand and investors will come.
Answer: A total of 9.75 million...
Question: How much cash do we need to build out all 8 facilities including 1st year construction and 5 year operating costs?
Gross Margins = Staggering increase
Q3 '13 = $3520.00
Q3 '14 = $63,938.00
an increase of 1,716.42%
I emailed unincorporated Washoe co. earlier and their response was
Quote:
"I can only answer for unincorporated Washoe County and we have not yet received any applications."
1 each cult/prod in unincorporated Washoe
I also emailed Reno city gov and have not received a reply yet.
1 disp application with a HIGH rating of 203.68 in Reno
thanx jumboo, would have missed the whole thing, caught the last half thanx to you. It almost sounded like o'leary was quoting DP about the best way to play mmj. "hydro with top quality product is the way to play" TRTC RULES, doubters drool, lol.
Well back to doing proper and thorough DD, 10Q looks GOOD so far!
I personally don't think Clark County, Las Vegas or the State of Nevada will let a hedge fund manipulate them into anything, much less a foreign hedge fund. I say let them try, it will be more proof of their immoral and unethical behavior. Furthermore I would like to see the US gov bring the smack down on all Canadian firms trying to dictate the US market in any way. The UNITED STATES OF AMERICA don't play that game. You bring down our building, we destroy your country. You sneak attack Pearl Harbor, we NUKE your country.
THAT'S HOW WE PLAY THE GAME!
increased my position today @.28 not by a lot, just what was settled from a flip play.
exciting times ahead, hold on tight!
Do yo have any legal information about tort law or market manipulation by Hedge Funds?
WoW, this is gonna be a great month for me. I almost never brag but both my long plays are going to explode. One launched or started to about a half hour ago will be 100%+ gain and trtc very soon when info comes out. :) :) :)
WOW, impressive numbers. Good news all around. Ebola victims get relief and possibly cured, investors can sit back and reminisce about how they invested back when the pps was in the .20's. Blue sky Breakout entirely possible and likely.
Many of these "losses" are one time expenditures. Building an infrastructure, fee's and bringing new products to market takes a little time and a lot of money. The expenses incurred now will pay big in the future, both near and far.
thanx for the info & link, stay strong, we will get there and dominate.
Darn straight skippy. I flip, you flip, everybody flip flips. For real though, my mj strategy goes as such. I performed 1000's of hours of DD, looking at each and every sub-sector in the mj industry and picking out the best in each. Then out of those I listed any and every plus/minus I could think of from bus plan, products, history, management, costs, various ratios, public support, innovation, entry level for competition, connections etc... From my DD I came up with a few (very few) mj plays worthy of a long status and TRTC is WORTHY. The other stocks I flip with news, chart analysis and momo. The small profits I make either go into trtc or my single other long $aemd (an ebola play), (big news today, could easily go vertical) when a buy-in presents itself.
I would be interested in what you think of my ebola play (has a medical professional) you may be too. pm me if you like me = free account.
My strategy may not be the best but it seems to be working for me. In hindsight I could have made a little more by flipping trtc but I could have lost more also. I mean really only the criminals new of the email attack ahead of time. If not for the attack I feel we would have broke $1.00 and stayed there. The interest was there and the momo was building but the attack and the denial that followed took the wind from our sails and turned some investors, both old and new, away.
Also, the DD never ends.
Hats off for a well thought out post. I feel my IQ drop every time I read some of the ridiculous short rants.
Banks are doing business with the players in this industry, their just keeping as quiet has they can about it. Where do you think the security companies and armored car companies that stop by various businesses for pick-ups are taking the cash? I'm pretty sure their not driving out into the desert or mountains somewhere and burying it "Breaking Bad" style.
Anyway back to the initial discussion - lawsuits over licensing.
Each and every applicant new well ahead of time the rules, regulations and requirements of the Nevada licensing process. Rules and regs that have not changed, by the way. Each and every applicant has had ample time to get their ducks in a row. Their has been multiple chances for each applicant to stand in front of multiple public meetings and hearings and plead their respective cases and to address any concerns from either the public or the council members.
The city, county and state gov, by the time this is over, will have all approved each and every license holder several times over. It already has been a long bumpy road here in Nevada and were nearing the end.
Props to Colorado, California and Washington etc... for kicking down the door and providing Nevada with invaluable information on how to set up a mmj and soon to be mj program.
let me get this straight. You're saying it doesn't matter if big money with DEEEP pockets hops on board the trtc train.
ROFLMFAO big time! thanx for that, I've been having a rough few days. I needed a good laugh.
WAKE UP and smell the obvious. Banks and credit unions are already doing business with mj companies. They are doing it quietly has to not draw much attention, but they are doing it none the less.
Litigation? There is/are no grounds for any type of litigation regarding the licensing process or selection.
none zero zilch notta
Any attempt with a frivolous lawsuit will be dismissed quickly.
BIG TROUBLE AHEAD FOR MJNA...
A new player is about to take over.
It's been recently released a competitor of mjna will very soon be in direct competition.
Quote:
"...they have completed testing and formulating compounds at their cannabinoid extraction facility in Northern California and are now moving into production. The company will be producing a variety of oils, waxes and other mediums of concentrated cannabinoids"
Up until recently this "competitor" has been reluctant to enter the extraction marketplace. A unanimous vote by the board has changed that. They will now be producing high grade extracts at their state of the art facilities.
Quote:
"...unanimously voted to allow the company to engage in the production, extraction and retail sale of medical cannabis if done so in full accordance with the state and local medical marijuana laws(ordinances) in which they operate. This allows the company's executive team to transparently operate in the medical cannabis market."
mjna revenue about to be "extracted" from balance sheet. This new entry into the extraction marketplace will have dire consequences for the already struggling mjna shell company. With our competitors "cutting edge" extraction process coming online and customer sales starting very soon, the future of mjna isn't looking so great. We have major issues to overcome and we need to make some major changes just to stay in business, much less flourish. Is this the "Death Blow" that will finish us off? If we somehow manage to survive this new entry into the already crowded extraction market, it's a sure sign of our need to get it together post haste.
the full article can be read by following the link below.
http://money.cnn.com/news/newsfeeds/articles/globenewswire/10107707.htm
...DONE THE MATH...
533.33% ONE YEAR GAIN CONFIRMED
Quotes:
"I f a stock moves form 6 cents to 38 cents it is a 533% gain!!" - bgrass1
"A move from .06 to .38 is a 533.33% gain." - doc k
A 533% gain is a reflection of how well the business plan is working and a testament to the hard work and dedication by our Insiders.
LONG-N-STRONG