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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.
Just left our board room meeting on TRTC . We were given an hour long presentation(powerpoint) on future share price projections in April after TRTC publicly announces their new website IVXX.com and allows on line purchases of products relating to Marijuana couple with actual locations in the STate of California where Marijuana products will be available to purchase. A recent article shows revenue from one dispensary in Oakland at 25 million a year "Harborside" .
Clearly TRTC is NOT insolvent with over 3 million in cash on hand.
That could be a tad bias look what they said about FIT? three days earlier.http://www.mmj.today/cen-biotech-shows-strong-uptrend/
Thats five years old news... irrelevant
Just think of alll those investors, traders and MM's that need the last 24hrs of IHUB to make decisions on buying or selling TRTC. What will they do... oh thats right they have been shorting TRTC for months...just another day.
FEderal government defunded Medical Marijuana prosecution in those states !!!!!
What and learn my friends as border states enter into agreements with each other to benefit the patients.
Your right Doc, Nevada revenue will be weak till 2016 compared to IVXX, which will supply product to a network from New Mexico to Arizona to California and Nevada and Orego and even Washington State. All are connected by common borders and all are certified medical marijuana states thus no federal intradictions at the border and no overhead like running a dispensary.
City of Las Vegas Dispensary- MediFarm received a provisional operational certificate from the State of Nevada Department of Health and Human Services Division of Public and Behavioral Health on 11/3/2014. Subsequently MediFarm has submitted our Las Vegas Business License Application to the City of Las Vegas Department of Planning Business Licensing Division on 11/12/2014. MediFarm is finalizing our design so that we may submit our construction documents for permitting and once approved, will begin construction. After completing construction and obtaining all required approvals and certifications from the local and state agencies, MediFarm will commence operations. The company anticipates the retail facility to be open and able to service patients by summer 2015.
Clark County Dispensaries, Cultivation and Production- MediFarm received four provisional operational certificates for two dispensaries, a cultivation and a production facility from the State of Nevada Department of Health and Human Services Division of Public and Behavioral Health on 11/3/2014. Medifarm received approval from the Clark County Department of Comprehensive Planning-Land Use on 6/25/2014 for its cultivation and production facilities.
MediFarm has not received final approval from the Clark County Department of Comprehensive Planning-Land Use for its two dispensaries. On 12/29/2014, the Clark County Commission voted 5 to 1 to formally deny, without prejudice, all applications for Special Use Permits (SUPs) that had previously been held in abeyance, including the 2 applications submitted by MediFarm for medical marijuana dispensaries in Clark County, Nevada. This denial was not directed at any particular applicant, but came as a recommendation from Clark County’s District Attorney to the Commissioners in an effort to reconcile the state and local selection processes. The state had issued 18 provisional certificates for dispensaries in Clark County, including 2 to MediFarm, but only 10 of these had received Clark County SUPs.
The action by the Commissioners followed a Clark County District Court order issued on 12/26/2014 in the lawsuit filed by five dispensary applicants who received approval from Clark County, but not the state. Those applicants had asked the court to rule that the state improperly approved applicants who lacked county zoning approval. However, District Judge Kathleen Delaney found the state appropriately followed the law in choosing which applications to approve and had substantially complied with Nevada’s Medical Marijuana Law in NRS Chapter 453A. Judge Delaney further stated “The Legislature clearly did not intend for the local jurisdictions … to have de facto authority to dictate to the Division whom it may consider for registration.”
The plaintiffs in the lawsuit filed an amended complaint on 12/29/2014 and Clark County has asked to intervene in the litigation.
Medifarm has sued Clark County, Nevada for Declaratory and Injunctive Relief, and for Judicial Review pursuant to NRS 278.3195, of Clark County’s decision to deny Medifarm’s application for a Special Use Permit (“SUP”) that would permit Medifarm to operate a medical marijuana dispensary in unincorporated Clark County. Specifically, Medifarm has alleged that Clark County, during the SUP approval process in June 2014, preselected SUP applicants that Clark County wanted as dispensary operators by issuing SUPs pursuant to Title 30 of the Clark County Code before the applications were even due to be submitted to the State of Nevada for dispensary registration certificates. Clark County deselected Medifarm by holding Medifarm’s SUP application in abeyance, even though Clark County staff indicated that Medifarm met all of the requirements necessary for the issuance of a SUP.
While its SUP application was held in abeyance by Clark County, Medifarm applied for and received a dispensary registration certificate from the State. Several of the applicants that had been preselected by Clark County did not. Clark County, unhappy with the State’s issuance of certificates to dispensary applicants different than those preferred by Clark County, then denied Medifarm’s application for a SUP without explanation. This was a clear attempt by Clark County to inappropriately control the approval process for dispensaries, even though the State was primarily tasked with assessing and ranking applicants for such dispensaries. In so doing, Clark County acted in an arbitrary and capricious manner, and violated both Clark County Code as well as Nevada law. Medifarm’s lawsuit seeks Judicial Review of Clark County’s actions, and an affirmative injunction requiring Clark County to consider and approve Medifarm’s SUP application.
The company wants to make certain an appropriate judicial review of the process is conducted. The only manner to facilitate a judicial review is by formally filing a lawsuit. Regardless of the outcome, the company plans to respect the results of this process and is focused on building out their six other facilities throughout the state.
MediFarm is finalizing the design of our cultivation and production facilities in Clark County so that we may submit our construction documents for permitting. Once approved, the company will commence construction. After completing construction and obtaining all required approvals and certifications from the local and state agencies, MediFarm will commence operations. The Company anticipates these production and cultivation facilities to be online by Q4, 2015.
Washoe County Cultivation and Production- MediFarm I received a provisional operational certificate from the State of Nevada Department of Health and Human Services Division of Public and Behavioral Health on 11/3/2014. MediFarm II has submitted its business license application to the Washoe County Business License Divisionfor their review and approval. After completing construction and obtaining all required approvals and certifications from the local and state agencies, MediFarm II will commence operations. The Company anticipates the production and cultivation facilities to be online by Q4, 2015.
Reno Dispensary- MediFarm I received a provisional operational certificate from the State of Nevada Department of Health and Human Services Division of Public and Behavioral Health on 11/3/2014. MediFarm I has submitted its business license application to the City of Reno Business License Division for their review and approval. MediFarm Iis finalizing the design of our dispensaryso that we may submit our construction documents for permitting, once approved we will commence construction. After completing construction and obtaining all required approvals and certifications from the local and state agencies, MediFarm I will commence operations. The company anticipates the retail facility to be open and able to service patients by summer 2015.
“We are working diligently with our architects to finalize our final construction-ready plans. We are building what we believe are world-class facilities in what will likely be one of the largest markets in the country. While our goal is to be one of the first to market, we are taking our time to do it right. We think Nevada is going to be a sizable market and one that may grow significantly if recreational use successfully passes in 2016. We are building for our future there and not rushing the process,” explains Derek Peterson, CEO of Terra Tech. “We have broad coverage throughout the state, even with the two retail locations in Clark County on hold. Our city of Las Vegas location is in close proximity to The Las Vegas Strip and is also easily accessible to local residents. The dispensary location in Reno is situated on a main road in a developing part of town. Our objective is to have our retail facilities open by this coming summer and our cultivation and production facilities in operation within the fourth quarter of 2015. We are actively sourcing premier medication to offer patients for the handful of months before we are cultivating our own. We are using the same guidelines and standards we use to source our premium product for our IVXX brand.”
Florida- Terra Tech is keeping a close eye on Florida’s developing opportunities. The manner in which the law is being implemented has been challenged, reviewed and is currently changing. Once the process is clarified the company will make a decision whether or not they are competing now or waiting for a broader law to pass in the future.
New York- The Company is actively pursuing the New York market. They have retained the law firm Malkin & Ross to lobby on their behalf throughout New York. MediFarm is currently developing a strategic advisory board and operational team in an effort to effectively compete for a chance to operate medical cannabis facilities in the state.
Edible Garden- The Edible Garden(R) brand is continuing to add retailers throughout the country. The company has recently finished the installation of their Dutch hydroponic moveable tables. This is the first application of the newest Dutch farming technology within the US. This has allowed the company to reduce labor costs and increase margins on its products. EG has recently introduced a new product called the Living Salad, which is a mixture of various living lettuces grown together in one pot. After a successful test the company is ramping up production and increasing the number of retail outlets carrying this item. In addition the company has expanded their supermarket penetration throughout the Midwest by adding new Kroger retailers every month.
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.
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.
http://marijuanastocks.com/author/admin/page/3/
http://instagram.com/p/zF9cXXuQOY/
//www.facebook.com/terratechcorp
TRTC is the first and only Publicly traded company generating revenue from the sale of Marijuana !!!!! in the United States.
To be fare, the lab was a start up in Dec so revenue will be lean at best. I would give it one quarter of 2015 and see what it does !!! The important theme is IVXX is additional revenue, edible gardens is still growing "midwest" and margins improving, Medical Marijuana revenue will be delayed due to government mishaping till 2016 IMHO.
Will be fun to see what happens when Privateer Holdings puts TRTC in their portfolio.
Thanks Sleek, I would not be surprised to see them HALT the opening today and reprice the stock !!!!!! BEginning today we are the Apple of Marijuana sales in USA.
It really doesnt matter who, where and what.but logic dictates that the company in located in California where Marijuana is legal to sell and for the entire month of December, the lab in Oakland has been producing an array of Marijuana products( hundreds of pics from instagram). WHAT IS IMPORTANT IS FOR THE FIRST TIME IN HISTORY MARIJUANA IS BEING SOLD BY A PUBLICLY TRADED COMPANY IN THE USA !!!!
ALL EYES WILL BE ON TRTC AND ONCE SUPPORTERS OF MARIJUANA REALIZE TRTC WILL BE THE KEY OPENING THE DOOR ACROSS THE USA, EVERYONE WILL BE BUYING THE STOCK TO SHOW SUPPORT AND SEND ANOTHER CLEAR MESSAGE TO THE FEDERAL GOVERNMENT TO RECLASSIFY MARIJUANA AS THERE IS CLEAR MEDICAL BENEFITS.
I am surprised no one has realized that TRTC is the first publicly traded company to sell Marijuana in the United States !!!! This is historic !!!!
Federal Government already stated no prosecution ref Medical Marijuana. School was wrong, there was no federal law violated.
Today news verifies TRTC is selling Marijuana !!!!!
During the month of December TRTC's sub company IVXX has been selling marijuana products in the state of California. !!!! This is huge news.... WE are the first publicly traded company generating revenue from Marijuana !!!!!!!! By next monday this news will sink in and DP will be on all the NEWS Channels !!!!!!!!! and the share price will shoot to dollar land ASAP.... enjoy the ride.
There are several reasons why they can't release info. IMHO we will get an update at earnings call which is on or about 2.13/15.
We are in a quiet period. No PR except for when earnings will be announced.
387,000 shares traded and u call it massive dumping ?
There is no huge float....... Authorized shares is only 350 million. MOst Marijuana stocks have billions outstanding ......
To compete successfully in the state it was important for us to align ourselves with locals who have some ownership of the MediFarm LLC's. We did not, however, want to give up the revenue and profit potential over the long run, so we swapped an initial equity distribution for Terra Tech to have the right to the majority of the revenue and net profits of the operations. - See more at: http://globenewswire.com/news-release/2014/11/17/683572/10108498/en/Terra-Tech-Releases-Financials-for-the-Quarter-Ending-September-30-2014-Updates-Shareholders-on-Success-in-Nevada.html#sthash.NZ049VoD.dpuf
Check out the pics of the lab and AJ at work !!!
http://www.enjoygram.com/thebrainbehindthebud
http://www.oninstagram.com/breakingdabslab
IVXX will be launching a line of expertly produced flowers and joints, as well as a complete line of pure concentrates including; oils, waxes, shatters and clears, produced at the companies flagship extraction lab. All of these products will be available at select retailers throughout Northern California, Nevada and other states. The IVXX branded products will be produced, packaged and distributed in full compliance with state regulations. The IVXX Sampler Kit is featured in the High Times Magazine Holiday Gift Guide. IVXX will launch their full website in the coming weeks. The site will have in-depth information about the products, processes and retail availability. -
See more at: 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#sthash.fHtlP7jM.dpuf
On September 9, 2014 the company’s Board of Directors 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.
The Company recently announced that 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.
http://www.microcapdaily.com/todays-stock-spotlight-is-terra-tech-corp-otcmktstrtc/18536/
SEC news just hit the trading platforms.... should be a nice run today and explains the unusual low volume yesterday...
I am not really sure what the process is, but I am sure there will revenue generated from that Lab from dispensaries such as BlumOak. And that revenue will go to Terra Tech !!!!
Terra Tech Corp., through their medical cannabis subsidiary GrowOp Technology Ltd, announced they are developing a research and industrial extraction facility focused on the medical cannabis market. The facility will be located in Oakland, CA and is being built in response to what the company views as an increase in demand for high grade CBD as well as other botanical extracts. As a first step the company has purchased a custom 20 liter 5,000 PSI supercritical CO2 extractor from Eden Labs. The extractor is designed for botanical and nutraceutical extractions and will be utilized to extract CBD in an effort to have complete control and consistency as they continue to work with Inergetics in the creation of a CBD-based nutritional supplement. This key piece of equipment utilizes CO2 as a solvent, which is superior because it is non-flammable and non-toxic mitigating negative environmental impacts as well as several safety concerns that have been associated with butane extraction. This process allows for the selective extraction of compounds from a variety of botanicals, which possess potent antioxidant as well as neuroprotectant properties.
GrowOp Technology Enters into Strategic Partnership with Inergetics, Inc. to Develop a New Line of CBD Based Nutritional Supplements
Feb 4 14
GrowOp Technology announced it has entered into a strategic partnership with Inergetics, Inc. to jointly develop a line of natural Cannibidiol based nutritional supplements. The strategic partnership will combine Inergetics's proven expertise in successfully developing and marketing innovative nutritional supplements that help consumers lead better and healthier lives with Terra Tech Corp.'s agricultural expertise and established distribution network of dispensaries in legalized medical cannabis markets. The featured active ingredient in this new product line will be Cannibidiol (CBD), a non-psychoactive component of cannabis that possesses a wide range of therapeutic benefits. The supplements will be initially marketed to consumers of medical cannabis in legally approved markets who suffer from ailments that can benefit from CBD's pain management and other therapeutic properties.
Yes and they are manufacturing product as I type !!!!!