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Bingo. Legalization is inevitable when faced with burdensome debt. This is why the states with least debt are against it.
Please can we stop making this message board into a The hill.com comment section? If you want to act and think like children then go play with monopoly money instead of investing with actual money.
Back to TRTC.
That they will have a cash position (via liquidation of certain assets within 12 month period) and wherewithal to invest it intelligently to grow business out of current negative cash flow position. The gamble is less so on whether or not they will have a cash position sizeable enough to invest significantly, but instead on whether they do it to turn the company around
That they will have a cash position (via liquidation of certain assets within 12 month period) and wherewithal to invest it intelligently to grow business out of current negative cash flow position. The gamble is less so on whether or not they will have a cash position sizeable enough to invest significantly, but instead on whether they do it to turn the company around
I see now, thanks. March 30, 2020.
I can see them selling off the business. That they submitted no NJ weed application in 2019 signals that NJ is off the table. Which is too bad, because out of all the 2018 applications outside of the 6 or 7 chosen, they ranked 40th, meaning that they would have had a realistic shot now that NJ is expanding the permitting to 24. Edible Gardens has been a huge disappointment. I'm not sure why it has seen such drastically reduced revenues since 2016.
I don't expect any major legislation until 2nd half next year at the earliest, as they will likely turn it into an election issue.
Of course it does, but it requires both executive and legislative branch majorities, as well as the publics desire for the it, in order to act on it on a federal level, so it's not like it was due to 1 individual. For trump it just wasn't something that he could have used to his benefit considering the blowback he'd have gotten from his own inside supporters. Maybe the bills riders would be non negotiable poison pills.
Meanwhile, weed has been legal in many states including in their target market for years. Full descheduling would provide the company with certain benefits, but I don't see revenues increasing by any significant degree in existing markets as a result. People are now buying less weed illegally by comparison, and the coronavirus time period has seen increases in revenues in their market, so our revenues should see increased growth by comparison to previous year. Meeting the requirements to get on a major exchange would be great, and to be able write off expenses, receive loans, but we wouldn't be expanding beyond our current footprint as part of our latest expansion plan. We are trying to get more california market with an eye towards acquisition. A kushko partnership could mean IVXX vapor pen consumables at gas stations.
Nice to be you! Welcome aboard
C'mon man, let's leave cheap political discussion to the MSM message boards. Expect better here.
How long have you been holding stock in this company? I watched this go from $2 to 0.08, and why was that? Because their revenues sucked. the only reason we have any hope now is because of an election, because of a genius investment in Hydrofarm, timely liquidation of underperforming assets, and because oneqor gave us a life line. There is hope now, but the company is still the same. The potential is different, but the company is the same.
Anything better than 0.08 is good news. Above 0.50 is a miracle. Above 0.40 is fantastic. Above 0.30 is great. Above 0.20 is a relief. Above 0.10 means there is hope.
Yes. Tough being upset about 0.50 share price. Great to stay above that level
MJ ETF down 25% today
Fantastic to see. Support for the thesis.
I've been here for a while. But i disagree, I think retail brought this up along with weed to begin with. It is really nice to raise the floor, but what was happening was silly. Hopefully we have a new solid base above 0.30, thanks to them
The activists over at reddit are continuing their crusade
Be careful. Retail swinging hard into weed stocks. While there is now some hope for this stock, just be aware that price is being impacted by retail swings.
They need to transition from store front to product branding. Product branding is the future. Store front is currently the best way to move product, but eventually they will have no need for it. Consumables, specifically. Oil filled one offs. Healthiest and fastest-hitting, no smell, less concern about 2nd hand. If they partner with anyone, it should be with oil extraction or pen companies. Marlboro is successful because it is an all encompassing product. Buy a pack, burn em down. Weed will be the same way. No time wasted grinding, rolling or packing. Just buy an e cig and press button. Eventually weed will be sold wherever tobacco is sold.
Big catalysts are coming and the tailwind should lead to even stronger moves to the upside, which is also reflected in the current trend.
IMO, rising share price is an indication of the strengthening belief in the potential cash position, as the floor of Hydrofarm is seemingly set at a high share price, and all boats capable of rising in this extremely favorable political climate.
Whatever it ends up being, it has completely changed this company's outlook, and the share price correctly reflects that.
The optimism is at a multi-year high, and thankfully it is not tied to quarterly EPS, but rather cash holdings and their intentions for it, as well as political climate which appears extremely favorable for the industry. Hopefully marijuana is prioritized on the legislative agenda and isn't a carrot on a stick as it's been treated in the past. Don't know where the share price will be by years end, but with the number of likely, potential catalysts on the horizon, my guess is that it trends higher.
Federal legalization still a long way off. This and their burn rate is why TRTC can't play the long game with THC. CBD is the smart play considering legality.
Im already invested, so i don't have any smarter option than to sit and wait hopefully. I wouldn't advise anyone to put money into this company.
Agreed, my man. I wasn't sharing an opinion. I agree with you, it is a crowded space. How they manage to claim to have the same credibility as Intel as a secondary product remains to be seen. Hopefully they will get the contract to supply GNC and Monster as theyve hinted at.
They are supply proprietary blends of CBD to basically supplement makers and consumer products like GNC and Monster Energy
OneQor competition:
https://www.vitaminshoppe.com/b/solaray-cbd-hemp-extract/N-9b0Zcp9a1p
Obviously OneQor is not selling supplements, but rather the CBD that is supplied to companies like Solaray.
This is the end of Terra Tech as it is known, sure. Don't be so dramatic. There is actually more hope now for existing longs than there was before. Anything can happen now, whereas before it was likely that without intervention a failure would occur. Be positive, what difference does it make at this point? Let's make some money on CBD.
Give up control? He sought a bailout. It is obvious that they can't run rate this company to success due to nonstop loss. Terra tech is offering a public platform with an accounting suite to OneQor in exchange for a seat on the life raft. Hopefully it transforms into a super yacht.
Pretty much a terrible quarter. Irrelevant at this point, though.
Thank you
Someone tell me where it is stated that OneQor will launch an IPO. This transaction is essentially a reverse merger, OneQor merged with a TRTC subsidiary. TRTC will continue to remain the name until it is changed by the board (and approved by SEC). Why would there be an IPO?
No one can argue against you considering that there is no public information.
Anyone able to locate oneqors patents and/or patent applications?
Interview was not insightful. Hopefully the ER Q&A will shed light on business model. Especially vague. How many times could someone say "proprietary formulation"
The reason I believe nuleaf failed was discovery of the legal issues. Peterson and Morgan have been cooking this up for a while now. I don't remember who posted the Instagram page showing their meetings. I think the only thing that could realistically get in the way are trtc shareholders.
Interesting that TRTC issued two loans to OneQor this past summer totaling 350k.
My guess would be that since Terra tech would own 45% of the eventual company, that the value of shares would dilute by that much? Better than zero...