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Even Cowboys need some medication after roping a steer or two. Hello Houston Texas.
Domain Name: BLUMHOUSTON.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
What happens in Manhattan, stays in Manhattan :)
Domain Name: BLUMMANHATTAN.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
When the State of Florida figures out Medical Marijuana is the right thing to do, TRTC will be ready starting with Miami !!!
Domain Name: BLUMMIAMI.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
NIce to see a company that is proactive. Whenever, whereever, TRTC is ready. As example TRTC is ready for Washington DC right now !!!
Domain Name: BLUMWDC.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
TRTC will be the next starbucks of Medical Marijuana. Doesnt matter where you live, they will be there, FRom San Diego to San Jose TRTC flowers will be BLUMMING.
Domain Name: BLUMSANJOSE.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
Domain Name: BLUMSANDIEGO.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
When New Jersey voters say yes, TRTC is ready in 48 hrs. Enjoy the ride.
www.blumnj.com
Domain Name: BLUMNJ.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
The future is in full BLUM !!! be patient !!! (pun intended) and get use to seeing the word BLUM associated with cities across the USA such as www.blumny.com
Domain Name: BLUMNY.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Michael Nahass
Please take the time to look at Blum Las VEgas and Blum Oakland and see whats coming.... Enjoy the ride.
http://www.blumlv.com/
http://blumoak.com/
While it [the medical marijuana permit] is not in the public company, it can be and will be in the future.”
“[Blum] gives us an umbrella to do a lot of things privately in California, while sheltering the company, but positioning it to participate at arms length…a While it [the medical marijuana permit] is not in the public company, it can be and will be in the future.”
Read more: http://www.benzinga.com/markets/commodities/14/04/4437468/from-wall-street-to-green-street-terra-tech-ceo-derek-peterson#ixzz3SlUons76
So is Kroger, WalGreens and Shoprite !!!!
If you build it they will come
https://twitter.com/BlumOakland/status/570393122745782273
Found an article where it states the size of the cultivation center in Nevada at 50,000 sq feet and DP feels he can generate 75 pounds of marijuana a week !!! thats 300 pds a month or roughly 15-20million in rev a year depending on pricing minus 35% cost to produce. So I will guess 6 months operation would yield approx 6 million in revenue for 2015 .
http://mmjbusinessdaily.com/marijuana-could-become-nevadas-top-cash-crop/
If it takes 50,000 sq feet to generate 7.2 mil rev in a year to meet the demands of 6000 patients, then to get over 20 million in revenue TRTC needs 18000 patients and 150,000 sq foot INDOOR GROW HOUSE. 150,000 sq feet equals over a TEN ACRE INDOOR GROW HOUSE. Do you still think your are being realistic.
In Nevada one patient is allowed 3.75 pounds of Marijuana a year. A standard 5'by 5' indoor grow house yields 10.5 pounds in four harvests which equals a year. So for every 25sq feet u can generate enough marijuana for three patients a year. So if you have 6000 patients you need a culltivation center of 50,000 sq feet running 24/7 to meet the needs of 6000 patients for one year.
Yearly revenue for 6000 patients is 7.2 million minus expenses.
In checking the NEvada rules and regs, patients can only have 2.5 oz per 14 day period. So for 30 days if they can afford it they can purchase 5 oz of Marijuana. WAGuess places 200.00 an oz so is it reasonable to believe each and every patient will spend 1,000.00 a month on medical marijuana.
I am just trying to be realistic. To claim ten million in revenue for one quarter or two equates to 20 -40 million a year. Hard to believe a start up dispensary could do better that Harborside Dispensary located in Oakland Ca and is known as the largest dispensary in the United STates with 25 million in annual revenue.
To generate 10 million dollars in three months you would need 33 thousand patients each spending 100 dollars a month at one dispensary or 16 thousand patients at two dispenaries. Do u feel that realistic ?
What can we expect from NEvada Dispensaries in revenue for 2015.
Per DP "Derek Peterson, chief executive of Terra Tech Corp, estimated that his customers spend about $1,200 each year on their medical marijuana. That’s about $100 a month.
http://www.theguardian.com/business/2014/oct/29/medical-marijuana-business-new-york
So I reduced the costs of Nevada buildout from 11 million to 6.8 million. AT 100.00 a month per patient, The two dispensaries each need to see app 2800 patients each month for 12 months to pay back the 6.8 million. Hard for me to believe 80% of the entire state's patient pop will go to only Medifarm 1 and 2 but it could happen. First problem I see , is its almost the end of Feb now so they have lost two months. Realisticly maybe they can open the doors with enough product by June. So now each dispensary needs to see 5666 patients to break even. Thats close to 12000 patients and the state only has 8000.00. Bottom line I am having difficulty seeing any profit for 2015.
Could you break down how NEvada will generate 10 million in revenue for 2015. Last I heard there was only 8000 patients in the entire state. Nevada buildout is estimated to cost 11 million... ARe u suggesting they will generate 20 million and then clear ten million and pay their partners the other ten million? which means they are only in the red for ONE Million ???
My figures could be way off so just work with me and advised what you think the company will clear in profit from Nevada in 2015 after they pay expenses and 50% net to partners.
I agree and remain very conservative on generating "profit" from Nevada operation. With so much litigation going on I dont see any serious sales till maybe the last quarter. WE have no final permits, we have no cultivation buildings constructed we have no plants, we have no customer base and we have to share whatever profits made by approximately 50% to our partners coupled with very large expenditures. I see much more profit in IVXX with much less overhead, no partner sharing and a huge customer base in the STate of California. Personally, I would scale back Nevada to just one dispensary in the City of Vegas and one in Reno and a cultivation center for each and thats it. The rest I would partner out and let them incure the costs and we get a percentage based on holding the licenses.
TRTC is the only PUBLICLY Traded company selling cannabis in the United States. I challenge anyone to supply a stock symbol of another company that is selling cannabis in the United STates NOW!!!!!
As proof one can to their fb website and see hundreds of pics where they are generating cannabis concentrates for BlumOak.
Enjoy the ride.
TRTC is the first Publicly traded company to sell Marijuana in the USA. They started selling their Marijuana products in DEc of 2014 after creating extracts from their Oakland Extraction Lab. March will be the grand opening of the IVXX Elevate Store. You can find them online now.
IVXX- The Company recently announced a new brand of exceptional quality cannabis products called IVXX, which is a wholly owned subsidiary of Terra Tech. The company made its first sales of IVXX in December 2014 and is planning a full launch in early March 2015.
FORBES say TRTC is #7 out of the top 8. I didnt see your link.
I agree....... It is very clear that TRTC's lab is now furnishing Blumoak all of their concentrates, etc. Harborside dispensary , which is also located in Oakland takes in 25 million in yearly revenue. If BlumOak does half that..... wow...... plus we can distribute all across the state of California. !!! Enjoy the ride, March will be dollarland for TRTC.
IVXX- The Company recently announced a new brand of exceptional quality cannabis products called IVXX, which is a wholly owned subsidiary of Terra Tech. The company made its first sales of IVXX in December 2014 and is planning a full launch in early March 2015. The company is also launching a full website in the next few weeks in support of the brand, IVXX.com. Through the website, patients and brand enthusiasts will be able to learn more about the products offered by IVXX, find local retailers, as well as purchase IVXX branded gear. The Oakland-based lab will be producing all of the concentrates for IVXX.
Meet The 8 Hottest Publicly Traded Marijuana Companies
7. TerraTech Corp. (+157%) — This established Irvine, Calif.-based grower and retailer is moving into marijuana cultivation, and had the biggest fundraising of any public company in the sector, closing a $6.5 million debt facility in February. TerraTech is developing a research and cannabis extraction facility aimed at the medical marijuana market. The company is also collaborating with vaporizer firm Vaporin to create cannabis-product vending machines for the medical market.
http://www.forbes.com/sites/caroltice/2014/11/14/meet-the-8-hottest-publicly-traded-marijuana-companies/2/
conclusion
Mounting debt and some very serious solvency issues tear at the very fabric of the businesses foundations. However, while Terra Tech faces some major obstacles within its current business model, there are some good things coming from its subsidiaries in Nevada. Obtaining 4 Dispensary licenses, 2 Cultivation licenses and 2 Production licenses in the State. Terra Tech has also secured the proper equity line through Magna Equities II with a 24 month life line sale of 57,416,667 shares of common stock, but the finer details of the agreement are a little hairy for the company and its investors. Investors should be made aware that more dilution is a high and probable likelihood.
The 250-member Pinoleville Pomo Nation, located in Mendocino County, is the first tribe to say they will grow and sell medical marijuana in California.
TRTC is currently negotiating with ten tribes. !!!!! enjoy the ride
Here is a link showing production within the lab owned by TRTC, creating Marijuana products which currently will be sold from their Blumoak dispensary in Oakland.
https://instagram.com/thebrainbehindthebud/
IVXX- The Company recently announced a new brand of exceptional quality cannabis products called IVXX, which is a wholly owned subsidiary of Terra Tech.
The Oakland-based lab will be producing all of the concentrates for IVXX.
The company made its first sales of IVXX in December 2014
Watchung Reservation[1] is the largest park in Union County, New Jersey, United States. It is bounded by the city of Summit, the borough of Mountainside, and the townships of Berkeley Heights, Scotch Plains, and Springfield. The reservation consists mainly of the upper valley of Blue Brook, between the ridges of First Watchung Mountain and Second Watchung Mountain. A dam near the headwaters of the creek creates Lake Surprise.
While there are playgrounds, golf courses, stables, and a museum within the reservation, much of the 1,945 acre (7.8 km2) parcel is forested, and the reservation is managed for the preservation of its natural resources.
I dont have unlimited posts so I will agree with you that by the end of March TRTC will be the first publicly traded company to sell Marijuana in the USA via their website ivxx.
And as far as New Jersey goes, TRTC doesnt need government approval to cultivate Marijuana, just the head of any indian tribe located there, as FEderal government is allowing Indians to grow marijuana and TRTC is in negotiations with TEN TRIBES.....
Enjoy the ride....
http://500nations.com/New_Jersey_Tribes.asp
If you check their fb page u will see an array of oils, waxes, etc that has been produced by the extraction lab and sent to a lab where the customer was BlUM. This has been going on since december and when we see the 4th quarter of TRTC there will be revenue from same. The revenue is small at this time as they are still refining their branded product but IT IS HAPPENING NOW.
The IVXX team is committed to becoming the industry's most trusted purveyor of high quality cannabis. They intend to grow the brand slowly and mindfully, thereby guaranteeing they deliver only the best products possible to their consumers.
http://globenewswire.com/news-release/2014/12/10/690072/10111787/en/Terra-Tech-Introduces-IVXX-tm-A-New-Brand-of-Premium-Quality-Locally-Produced-Cannabis.html?print=1
TRTC is handsdown the number one Marijuana in the sector. Why because it is the the first and only publicly traded company generating revenue from the sale of Marijuana in the United States. Thats correct, it is currently selling Marijuana products from its recently created website IVXX.com located in the State of California.
There has been a lot of pressure by shareholders for an update and TRTC has to ensure complete coverage since they are a listed company under the direction of the SEC.