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My guess is it has more to do with people vaping black market cartridges made in people's back yards. I've seen countless caregiver grows and most are riddle with spider mites. I remember a conversation that went like this a grower says no I don't have any mites I put Sevens dust on my plants 2 weeks back. Then I say 7's dust instant labeled for that. He then says well I use it on my garden. I say well do you wash your fruits before you eat them? This is just the beginning of the problems with smoking black market carts. Let alone if you have ever seen the process of blowing butain though weed into a glass backing pan. There is no way all the residuals are removed over the back yard hot plate. I do not do dabs for this reason too.
Thanks for the heads up.
13 k is a micro grow on expensive real estate. I wonder why all the big farmers in the country grow crops on cheap farm land? Last I saw the spot index on a pound was around $2500.00
But if trtc sells it all in house could be around $6k a pound. The Canadian companies are over inflated pigs. This company is just a joke. Hard times in the MJ markets. Look at a Florida company who is expanding its foot print to other states including California with over 1.6 million sq ft of cultivation space with 35 dispensaries opening new dispensaries every month. Oh and to boot that Florida company is cash flow positive expecting $200. Million revenue this year and $400 million 2020 revs on $100 million profit.
To move forward with our restructuring strategy, we plan to redeploy the additional capital generated by this sale toward more productive assets in California, in areas such as infrastructure and sales and marketing.
And buy 20 million shares. Trtc can do it all.
The PR makes no sense to me. The key words are UP TO $20 MILLION.
How will trtc continue expanding?
How will trtc pay for it's operating expenses?
How will DP and crew pay their bonuses?
How will the rent be paid on all properties?
Hopefully it hits a dollar by end of week
It went up .12 cents or about 2.5% of what you lose holding the RS. Congrats another fluff PR from a junk company.
We all know trtc runs at a lose. We all know trtc is in the middle of build outs and law suits. Which both cost money.
I predict less then $3 million worth of buy backs before the next news of toxic financing. I predict less then 3 million bought back in the next 2 years.
Did you see the data for supply. Aura has one of the smallest supply agreements too.
What do you consider sizeable?
A drastic price drop on per gram prices will happen. This company can't compete with lower cost producers. See you in the 4's then 3's. What was ACB's international sales? The only thing to save this from going lower is America going legal.
Your right but excitement that every company is going to make a boat load is the same. I think the real bubble happens when the US announcement happens. I think the Canada bubble makes the US bubble smaller then it would have been if the US legalized first.
But when we're talking about growth in the cannabis industry, we're really discussing the potential of the U.S. market, which should account for somewhere between a third and half of global weed sales. Investment bank Stifel, which put out the aggressive note to clients calling for $200 billion in worldwide sales, predicts that the U.S. will be responsible for $100 billion of this annual total. That makes U.S. pot stocks particularly attractive to long-term investors.
What is cgc revenue 219 million what's next year's fore cast for cgc? The Florida company's. Fore cast is 400 million US. Next year
Too funny. I sold at $53 US in October 2018 waiting for the bottom and preserving half my capital. i think $53 us doesn't happen for a long time if ever. I bet the Florida company I'm talking about See's 53 US long before cgc does. I bet in two years that Florida company has more sales then cgc too maybe more sales next year.
$1.8 billion in fresh fruits and veggies imported from Canada. What percentage of out annual consumption is that?
I think at least one of the big 4 LPs will still be in business 10 years from now. I personally will wait and see which ones come out on top. If you invested in Amazon during the dot comp bubble near the highs. It took 10 years after the bubble burst for it to reach it's dot com highs. That is exactly whats happing here. Clearly you would have made a ton now if still holding Amazon but the smart move was selling the news last October and being patient for the right buying opportunity after companies prove there worth .
It's a commodity that can be grown anywhere shipping cost will stop Acb from dominating the US. Last I checked non of my fruits and veggies come from Canada. Acb, cgc over inflated pigs. Jump into a real company like the one dominating Florida.
I'm just trying to figure out why you would sell your best preforming Nevada asset right after you get your grow op up and running. I think this company is complete garbage.
Do you think they sold Blum Reno to settle the law suit?
The hemp market in the US will be so saturated in a year or two.
My cousin uses a lawyer to buy all his farm land unless the Land was all ready listed. It's cheaper to pay a lawyer then to pay the real estate agents fees.
Do you think the true reason trtc sold Reno was to be able to settle the law suit with the VV's?
They won. They got to cash out every share. Why would they be mad.
Good news guys we can buy the dip again
Sell greenhouse buy new one in Cali. Trtc can't profit selling weed. EG. Will never profit. EG is a marketing ploy to sell stock when trtc first went public. EG has played it's role and is no longer useful.
How can you say over performer? To funny dude. The company has done nothing look at the competition. Skate, skate, skate, skate.
This is pot 2.0! Time to invest in the best ran American companies and a few Canadian ones too. Or you can just invest in land and grow hemp. Trtc should pop too on hype and speculation creating a new round of bag holders.
California
This past July, sales for California’s licensed dispensaries and delivery services reached a combined $265.5 million, increasing seven percent from June. Year-over-year sales for the month of July show an increase of 24 percent and the combined year-to-date sales of $1.7 billion indicate 26 percent growth compared to July 2018.
?In July, Flower contributed 33 percent towards overall revenues with $86.7 million in sales. Compared to June, sales in the category increased eight percent; and, compared to July 2018, sales increased four percent. Year-to-date through July, sales of Flower reached $552.7 million, a five percent increase compared to the same time period in 2018. This increase in revenue can be attributed to a 16 percent sales volume increase as a result of an eight percent decline in the average retail price of Flower
?This past July, consumers in California spent $25 million on Pre-Rolled Joints, a 66 percent increase compared to July 2018. While sales of Flower have ceded share to other categories, the market share of Pre-Rolled Joints in California has increased an impressive 34 percent compared to this time last year. This past July, revenues from Pre-rolled Joints contributed nine percent towards overall revenue in California and year-to-date sales in this category have reached $146 million alone.
Concentrates, a classification that includes extracts, solventless concentrates and vape products remained the largest category by sales revenue accounting for 37 percent share of overall revenue for the month. The $97.5 million in Concentrates sales represented nearly eight percent growth from the trailing month and 33 percent growth compared to July 2018. In the first six months of 2019, Concentrates dollar sales increased by 18 percent and total units sold increased by 40 percent compared to the same time period in 2018.
Vape sales dominate the Concentrates category every month, July of 2019 was no exception. Vape products made up 81 percent of the total units sold and 84 percent of dollar sales within the Concentrates category.
Sales of Ingestibles reached $43 million this past July and contributed 16 percent towards overall revenues. Compared to July 2018, sales in the category increased by 35 percent. Year-to-date through July, unit sales volume increased 16 percent and average retail prices have decreased seven percent. Total revenues indicate an overall growth of 42 percent compared to the same time period in 2018. The Ingestibles category includes both Edibles and Sublingual products. Compared to July of 2018, revenues from Edibles increased by 40 percent while Sublinguals increased by 17 percent.
?Oregon
He still got his money.
I think he's doing better too. Just remember though what's is good for a individual doesn't mean it's good for the group.
Aurora Cannabis Sells Its Remaining Green Organic Dutchman Shares for $86.5 Million:
https://www.newcannabisventures.com/aurora-cannabis-sells-its-remaining-green-organic-dutchman-shares-for-86-5-million/
Does anyone know what Aurora paid for those shares?
Lets compare trtc Trac record with a well ran US public company.
2019: $220-$240 million of revenue; $95-$105 million of EBITDA
2020: $380-$400 million of revenue; $140-$160 million of EBITDA
Xxxxxxx has total cultivation space of 1.6 million sq ft and output capacity of 55,000 kg per year. The company is adding additional cultivation assets at the moment to support its continued expansion within Florida. However, the
Good luck to all trtc share holders this company and 2 others is where my money will be.
The high I remember was .77 for one trade around the time of the press releases about blums opening in Nevada. I could have sold in the .60's easily. My sell of all my trtc shares was around .38 give or take a few cents. I'm still fell abused by trtc because around 6-15-2016 Derick Peterson said on a conference call that cultivation in Nevada would be up and running January 2017. That was a bold face lie and is bull shit. The reason I fell it was a bold face lie is because it never happened and how could he say it would be running in six months if construction wasn't started at that time. This is why I hate this stock I don't appreciate being lied to.
You do understand that .09 then is the equivalent of $1.35 today.
I let greed get in the way and bought the run up too. I sold all my trtc the day Jeff sessions made his announcement. I have made a few flips since then some well timed some not so we'll timed.
The reason I bash this stock is because back in 2016 when trtc was .09 a share I believed the forward looking statements.
Because DP is a idiot at running a company and brilliant at self enrichment
Blum cbd Las Vegas is just another dumb forward looking statement. Cbd sold at every gas station and family videos. They lost money selling Thc weed with limited competition. Now trtc wants to open a store that competes with thousands of stores. Just to funny, this alone is enough of a reason to know the CEO is a joke.
Stock price down, OS. sky rockets. I remember .35 before the last RS. Took just over a year to issue 500,000,000 million shares.
Remember when DP said the Vegas permits they won where going to be operational January 2017. Have tjosepermits expired? Is trtc still paying rent on that land?