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Black Friday is set aside for unusual deals and today's pricing for TRTC is no exception. In June we traded at .70 cents and had no provisional licensing let alone 8. Last June we didnt have an extraction Lab creating products that will improve the quality of life for patients in the state of Caifornia. Today at 1pm will be the last time TRTC will trade under 1.00 in any future month of November forever. Is there risk, absolutely but at a resonable market cap of 100 million and lets say they use every outstanding share available ,350 million that still places the floor at around .28 cents a share. P.S. the outstanding share count is under 300 million and all then need is 11 million to build out Nevada and have operational funding for FIVE years. So if you think they can become profitable in five years in the state of Nevada with 8 licenses you might want to consider adding TRTC to your portfolio. P.S. even the shorts will agree with me as they bailed out as of Nov 15th . Short interest now is at the same level as last January..... when the share price increased... Happy trading and please dont buy or sell based on my opinions.
Shares will be gobbled up faster than tom the turkey. JUst look at the volume this past March.
Mar 19, 2014 1.10 1.11 1.03 1.05 4,632,400 1.05
Mar 18, 2014 1.22 1.22 1.10 1.12 4,384,000 1.12
Mar 17, 2014 1.13 1.23 1.05 1.22 9,284,400 1.22
Mar 14, 2014 1.23 1.25 1.05 1.15 9,381,800 1.15
Mar 13, 2014 1.38 1.38 1.11 1.24 13,692,300 1.24
Mar 12, 2014 1.32 1.42 0.90 1.40 17,037,000 1.40
Mar 11, 2014 0.89 1.36 0.89 1.18 18,112,100 1.18
Mar 10, 2014 0.70 0.85 0.61 0.84 12,637,900 0.84
Mar 7, 2014 0.59 0.71 0.59 0.70 10,418,400 0.70
Mark this post and compare share price on Dec 25th Merry Xmas.
Excellent find , looking forward to how a scam in 2013 turns into nothing but the truth in 2014.
California
Population ages 25 and older: 24.78 million
Percent of population 25 and older who have used marijuana in the past month: 6.74%
Number of marijuana users: 1.67 million
State’s portion of the marijuana market: 15.84%
Marijuana market size: $2.2 billion
Tax rate (state and local sales taxes combined) plus excise tax of 15%: 23.41%
Potential revenue from sales and excise taxes: $519.3 million
Illicit drug use percentage: 8.68% to 9.35%
Current marijuana legislation: medical legal
Read more: http://wallstcheatsheet.com/business/7-states-that-would-earn-the-most-money-by-legalizing-marijuana.html/?a=viewall#ixzz3KI7Jy6hF
A major difference between today’s marijuana legalization advocates and those from the past are their arguments. Instead of “peace, love, and legal marijuana,” they are now arguing “tax benefits, reduced court and law enforcement costs, and medicinal benefits.”
These advocates are smart, and they know exactly which buttons to push. They’ve collected data on the size of the market and the amount of money (in the form of tax revenues) each state could earn by legalizing the substance. Because marijuana is such a topic of interest, media organizations analyze, publish, and republish this data. This, combined with other factors, has changed the public’s view of marijuana. You can see in the chart below that in 1969, 84% of the country was against legalization and only 12% was for legal marijuana. As of Gallup’s last poll in October, 51% of the country is for legalization and 47% is against it.
Read more: http://wallstcheatsheet.com/business/3-reasons-why-legal-marijuana-is-happening-now.html/?a=viewall#ixzz3KI6aZDzH
I am not suggesting any short squeeze.... they are leaving on their own....and turning long........ as will everyone shortly !!!
Happy Thanksgiving to all LONGS and our share price will increase significantly in the next two weeks. Why, well since January 2014 this stock has been under artificial selling pressure by shorts and their campaign is over as of Nov 15th. ON that date short interest was reported down almost 27% to 2.4 million. 15 days prior we were at 3,3 million. On December of 2013 there was 15,000 shrs short and then it jumped to 2.4 million in Jan and has remained between 3-4 million all year TILL Nov 15th !!!!! I look forward to 2015 when our priorities will be helping people heal not hurt !!!!!
http://shortsqueeze.com/?symbol=trtc&submit=Short+Quote%99
http://www.otcmarkets.com/stock/TRTC/short-sales
good video to watch and learn.
Conclusion: TRTC is a great barometer of the Marijuana industry in general and has a history of making highly explosive moves when the industry heats up. Currently trading at a $90 million total market valuation the Company is already doing millions in revenues and if the Company is able to fill their significant facilities with growing Cannabis as planned sales could easily jump 100 fold; TRTC is one pot stock to watch.
http://www.microcapdaily.com/a-close-look-at-terra-tech-corp-otcmktstrtc/17093/
According to the 10Q filed on November 14 TRTC has an excellent cash position with $3.5 million in the treasury. Revenues are growing quickly rising from $773,140 last year to $1,314,973 this year for the quarter ended September 30. This represents almost a 100% increase this year over last.
Terra Tech
The company plans on applying for both retail and cultivation permits to obtain vertical integration within the market. In each region, if successful the company intends on building a food production facilities to produce fresh and locally grown herbs for sale into restaurants and grocery stores. As state law allows these local facilities will be converted into food-grade cannabis production factories. TRTC has a "commitment to sustainable agricultural practices as it relates to both food and cannabis. Patients deserve to have access to quality medication grown in food grade quality facilities."
As for Clark County, we remain confident that the counties discrepancies with the state will be resolved and look forward to working on a solution. Regardless of outcome, our dispensaries in the cities of Las Vegas and Reno should provide significant coverage in Nevada. - 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.GseTApkg.dpuf
The company is now manufacturing cannabinoid waxes and oils in the lab for sale throughout California, margins are beginning to increase at the greenhouse and the company is now focused on opening multiple dispensaries and cultivation/production facilities throughout Nevada. - 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.GseTApkg.dpuf
not to worry.... additional revenue is being created as I type from the new extraction lab in Oakland Ca.
http://www.reviewjournal.com/news/pot-news/panel-examines-questions-raised-medical-marijuana
And Bernstein said his clients and others who’ve spent money preparing to comply with medical marijuana rules deserve “first crack” at the money to be made from recreational pot.
Or its just market makers moving shares, balancing accts and ensuring each has sufficient for the Dec 3rd run. SMart traders are buying if they can get filled.
Cultivation and production is TRTC expertise and now couple that with branding and extraction and then add potential customers from other states that can buy in Nevada. NOw read this:
CULTIVATION FACILITIES: Greenhouses for growing medical marijuana are outlawed. All indoor growing facilities must have systems to eliminate the pungent smell of marijuana and must be fully enclosed and guarded. Nevada law states that only enough marijuana to fit the needs of the Nevada system can be cultivated. Some are concerned that law will lead to shortages since Nevada also allows medical marijuana cardholders from other states to purchase the product in Nevada.
http://www.rgj.com/story/news/2014/05/18/nevadas-medical-marijuana-business-glance/9231111/
There is no doubt Medifarms cultivation will be the supplier of medical marijuana products to most of all dispensaries in Nevada based on quality, pricing and Nevada LAW that allows dispensaries to go outside their jurisdication to obtain quality products and a better price than is available locally.
If sales continue at the current rate, the state could see $260 million made by marijuana by the end of the year. Some experts, however, have already said that they think annual sales could even double that. The Gazette reported earlier this month that they think the new weed industry could generate $400 million in sales by the end of the year, and Bloomberg News suggested that statistic could climb to $578.1 million a year between wholesale and retail sales.
http://rt.com/usa/colorado-marijuana-five-million-319/
There could be gold in cannabis in terms of tax revenue if Nevada voters in 2016 ultimately approve the recreational use of marijuana for adults, based on estimates for Oregon and Alaska.
Estimates made by Arcview Market Research’s team for the two states, which passed marijuana legalization initiatives Nov. 4, show projected first-year retail sales of nearly $200 million in Oregon, which has a population of 3.9 million.
Projected excise tax revenue is $20 million, with total demand estimated at 158,897 pounds.
http://www.reviewjournal.com/politics/political-eye-marijuana-could-equal-tax-revenue-nevada
TRTC is very lucky to have Salwa Ibrahim. Here is a link showing her dedication goes back to 2009 with Oaksterdam University.
Vancouver (321gostocks) Inergetics, Inc. , a leading developer of nutritional supplements, today announced the appointment of Mark Wallace, M.D., to its Scientific/Medical Advisory Board for guiding the formulation of the proprietary line of natural cannabidiol (CBD)-based nutritional supplements it is developing in partnership with Terra Tech Corp (OCTBB:TRTC). The two companies announced the formation of the Scientific/Medical Advisory Board on March 5, 2014.
MIAMI, FL--(Marketwired - Jun 3, 2014) - Vaporin, Inc., a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products, today announced its entry into the medical cannabis industry through an exclusive distribution agreement with Terra Tech Corp. (OTCQB: TRTC) ("Terra Tech").
Vaporin and Terra Tech have entered into an exclusive distribution agreement whereby Terra Tech will purchase the Company's proprietary vaporizer products for resale throughout their cannabis dispensary network in California, Colorado, Washington and Oregon. According to the California State Board of Equalization, there are an estimated 500 marijuana clubs/dispensaries in California that generate an estimated $2 billion in revenue annually. Medical Marijuana has been legalized in 22 states
we expect revenue from the extraction lab coming online to offset the gap in Q4. That being said we showed tremendous growth over the same period in 2013, and we are maintaining our $7 million annual revenue forecast
The company is now manufacturing cannabinoid waxes and oils in the lab for sale throughout California, margins are beginning to increase at the greenhouse and the company is now focused on opening multiple dispensaries and cultivation/production facilities throughout Nevada. We have a tremendous amount of opportunity ahead of us in 2015,
The company is working through the final steps to open their Medical Cannabis facilities throughout the state. Last week the company met with officials in the City of Las Vegas to begin the process of obtaining all necessary permits to begin construction at their Western Avenue dispensary location. We expect to the process to take approximately eight weeks. The company also received provisional licenses to operate a dispensary in Reno as well as a cultivation and production facility in Spanish Springs. They expect the process to obtain all necessary local approval to take roughly twelve weeks. In addition the company is working with Clark county officials to secure all permits to begin construction of their cultivation and production facilities within the County.
Terra Tech expects to have some clarity next week from the County on how they intend to handle the dispensary applicants that weren’t selected at the County level but who ranked well at the state. MediFarm ranked sixth and seventh at the state level for their dispensary locations within Clark County.
As for Clark County, we remain confident that the counties discrepancies with the state will be resolved and look forward to working on a solution. Regardless of outcome, our dispensaries in the cities of Las Vegas and Reno should provide significant coverage in Nevada.
Salwa Ibrahim, Executive Director of MediFarm, commented, “Nevada is a exceptional new market. The legislation allows us to serve not only Nevadans but also valid patients from other states while they are visiting. Nevada attracts over 50 million visitors each year. With over 30 percent traveling from California, a legal medical cannabis state, the market potential is very significant.
I like the way this company CEO takes charge of issues. News releases in November explain alot about the company's 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#ixzz3K7Ga8Y3k
If you listen to DP clearly his vision is creating a branded product that is second to none. Cultivation and production of a quality product will result in EVERY DISPENSARY knocking on TRTC's door wanting their product. Dont forget the loophole in the Nevada Law. Dispensaries can go elsewhere for a product that is in great demand and or better prices. Blum will be the Apple of weed IMHO.
Inergetics will be releasing its new CBD-based product line in medical marijuana dispensaries affiliated with Terra Tech in 2015.
The pain relief category has long lacked an effective, non-opiate way of providing pain relief and we intend to transform the category with pain remedies that are holistic, natural, opiate-free and empowering to the patient and consumer,"
"This line will help consumers address pain and take back control of their lives without the risk of addiction and side effects associated with opiate-based and other pain drugs," continued Mr. James. "Our revolutionary new solution will harness the therapeutic powers of cannabinoids, which have been within mankind's physiological make-up since the beginning of time to help preserve the species. We could not be more excited about introducing our transformational line of CBD-based nutritional supplements to physicians, their patients and our stakeholders in 2015."
Item #10 is also TRTC.......... Great company with great vision and partners.. As i Type there is a PR about VAP# where they opened a new store. That will be additional revenue coming to TRTC as they all Merge as one!!!!!
http://ir.vaporin.com/press-releases/detail/304/vaporin-unveils-new-vape-store Vapo is developing into a a great asset for TRT#..
Joel Isaacson and Co decided to invest in TRTC AFTER JUNE this year. Slowly the tide is turning green my friends..
Joel Isaacson & Co., LLC Named to Forbes Top 50 Wealth Managers
Forbes.
Green Square CApital decided to buy TRTC for their clients AFTER the JUNE incident. Enjoy the ride longs.
ABOUT GREEN SQUARE CAPITAL
Founded by former Goldman Sachs senior professionals in 2001, Green Square Capital is an independent boutique wealth management firm focused on providing cash flow-oriented investment strategies for families, endowments, foundations, family offices and financial institutions. Today we serve the needs of approximately 100 families throughout the U.S., with more than $1.5 billion under management.
I agree the settlement has been filed. Now it needs to be accepted and this all falls within the 4th quarter.
That would be for three years of salary not one !!!!!
http://investorshub.advfn.com/uimage/uploads/2014/11/18/chfisSETTLEMENTFORDM.PNG
I believe the settlement has only been filed and not accepted at this time.
FACT: During fiscal years 2012 and 2013, none of our Named Executive Officers were compensated for services rendered to us in any capacity