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It was prejudiced decision, Davis Street were favorites from beginning. It was worse than the Clark County process.
The whole hearing was for name sake.
It is good, less shares OS than in future.
ABATTIS IS A SCAM.
NO ONE IS ANSWERING PHONE CALLS
NO UPDATES
ALL PRODUCT LAUNCHES HAVE FAILED MISERABLY.
NO UPDATES ON SALES
Is SRNA getting any benefit from buy out of Agrisoft by Microsoft. I thought SRNA was also holding controlling stake in it along with Kind financials
You are too -ve boss, you need be realistic. The fact is , Recreational mmj is going to be huge to be ignored.
Do you know what is "State Rights"
DEA or feds cannot ignore or take away state rights.
Good luck sitting on the sides
Completely agree, Each and every PR or action done on part of TRTC can be looked at +vely or -vely depending on who is giving their honest(pun intended) opinion.
I think what you point is the fact
the acquisition of Therapeutics LLC will eventually help them get foot hold in all those Wallgreeens...
EG will help them with Walmarts, Krogers and the likes
The whole -ve spin on IVXX being pulled will have +ve long term implications and it shows management is ready to accept their faults and provide corrective measures and processes. And as you pointed when FDA starts pulling their strings on edible mmj, TRTC will come out winner in all respects - Distributions, branding, quality, packaging etc.
This thing is getting ready to reach its real potential with all cylinders in next 2 QTR's.
0.30's will be history very soon.
RS is going to happen anyday now?
NOT HAPPENING UNTIL UPLISTING
Dilution?
NOT HAPPENING ANYTIME SOON. TRTC CAN GET BETTER FINANCING WITH BANKING LAWS GETTING PASSED SOON
Crossing State lines, and Exponential growth?
POSSIBLE AS SOON AS DEA ANNOUNCED SCHEDULE CHANGE TO 2 or 3
TRTC PPS HOLDING STRONG. 0.28-0.30 is the new 0.08?
YES--- GO TRTC
No RS, no dilution.
Banking will open door's of new financing.
People who are selling for fears of dilution are loosing their chance to get 100 to 200% gain in next two weeks when DEA announces rescheduling
you are talking about RS as if it is announced or happening tomorrow. As per the stated facts, RS will not happen until rescheduling , banking followed by up-listing.
Even if they come out with a timeframe to schedule. that's good enough knowing that future is bright.
I think you are on right track, cause FDA has invited Health Canada to discuss medical marijuana. So something is cooking up and they might come up with a timeframe and guidelines to re-classify. But the nthat it will get reclassified to 2 or 3 in 3 months or so is good enough for the sector.
All weed stocks will run on that news alone.
Do you know what was recommended by FDA to DEA about classifying marijuana on Sep 30 2015. If you don't know that, you should understand how secretly these federal organisations work.
There is no question of any leaks etc.
This is not some penny stock company who's insider will leak information deliberately to create hype so that their friends can buy and when the news is out, they can sell.
it would be weeks, depending on what DEA announce. Schedule 2 will allow Banking and will alleviate most of the financing issues faced by TRTC.
You had mentioned too, that their 11 mil financing is not complete. Right now they have just taken 3.25 mil, remaining is 30 days apart till 6 mil is reached. After than 1 mil each tranche additional every 30 days, max 5 mil if required.
So by the time they avail of financing at different time intervals, anything can happen. MJ gets re-classified and all this financing need with convertible notes can be prepaid at anytime as per filings.
The OS is shown as 91mil which is not that many considering how much TRT# or other's have in this space. However the revenue is lagging. If they even get 2 mil this year and 6-8 mil for 2017, this can easily go to 0.30's with CSL approved and may be their mmj license approved.
i think we are talking about revenues. Blum will not be shown as profitable until 2018 as per current rules, but NV i think will be shown as profitable may be after 1 yr or so.
No business can get profitable in the very first year in existence. It is not easy to profit, you might be still able to pay salaries etc. but does not mean the business is profitable.
IRS technically allows up-to 3 yrs to show loss in business and there is a reason why.
I think it will be 55-65 mil, you are just counting 10 mil per dispensary. and 8 for EG.
10 X 4 = 40
15 mil for Blum oak = 15
10 for EG= 10
total= 65 mil
This is very conservative. It can even go upto 80 mil depending on if recreational goes all out and all the frame work for tourist to buy recreational is also established sooner once NV wins ballot for recreational weed
This company has excellent CEO, but poor execution.
They have good plans , but not able to get sales.
By now their Protein bars, should have been distributed in all the fitness centers, convenient stores, dispensaries etc.
Same thing for their poviva tea, very poor distribution, hardly any 10-20 dispensaries.
Unless they increase sales through licensing, distribution of their products, this stock is going no where.
not if DEA reschedules, or there is a PR related to IVXX, EG. It is holding at this level's very well.
The upside on rescheduling will be 5 to 10X of this level's if announced.
Why do you think someone is buying at this level's
That post was 4d back, so looks like IVXX products are back on shelf. Waiting for Q2 anxiously.
Do we know what has happened to their CSL license, it has been more than 2 months since they have their inspection done
Also no news about Vergence, their distribution , or sales or vitagum sales
No one from management is responding.
NV just requires more than 50%, incase of FL, it was 60% required and they actually got 58%. You have to understand the difference though. Those were Assembly elections and there is not much voter turn out.
In this case, it is general elections and I can bet you, that this election is going to be a lot more voter turn out than ever before. And the chances of getting 50% of vote has already got much better.
Louisiana is following Ohio, only one left is Pennsylvania
http://www.nola.com/politics/index.ssf/2016/06/medical_marijuana_patients_pro.html
DP has cleared lot of mis information being spread on this board through his interview. He has already given hints about increasing footprint of EG through licensing.
So any PR or any such additional deals that is going to add to existing known revenue stream, its going to create a run IMHO.
He did confirm again, that Q2 no's have improved a lot and I can tell, getting Nevada recreational will be hitting bull's eye.
TRTC will have 4 dispensaries and 1 cultivation/extraction lab ready on jan 2017 to serve Nevada. We might go from 22-30 mil revenue of 2015 to straight 75 mil in 2017
It does allow banks, research will them to source mj and TRTC can cultivate that in controlled enviornments. they have ability to grow different strains under controlled environment.
banks will be able to provide them loans, may be at better interest rate without worry of dilution.
We are
weeks away from DEA announcement
a month away from Decatur dispensary opening
two month from Reno dispensary
2.5 month from Q2 Results
and 5 months from November.
Use your own judgement, should I sell at this levels or accumulate for an epic run that's going to follow DEA announcement and will keep on getting better and better with more PR's to the events known.
Add to this surprise deals for Super lettuce, may be GD dispensary or NB plant merger, more IVXX products to more dispensaries etc.
TRTC is getting ready for exponential growth, just like DP said in his conference call
from 0-10 ( for california)
and 0-100 ( for Nevada)
Looking like Louisiana is next after Ohio and then Pennsylvania. Its a no brainer that DEA is going reclassify it this month.
Feel bad for those selling at this low rates.
Its a buying opportunity for those who think DEA is going to reclassify it to 2 or 3 in a week or two from now.
i wonder who just bought 2-3 mil shares even though TRTC boat is sinking, DP has lawsuits pending, TRTC has losses, DP and team are self enriching.
Sure someone knows what's coming in june.
really, did they tell you about it.
Blum Oakland was operated as non profit org. so it does not matter what the 8k says, and how less is the profit, as they are not suppose to profit. period.
I completely agree, that as and when the laws regarding - For profit in California is allowed And business expenses are allowed to be deducted, we will probably look at net 50-100% net profits compared to a 10-20% in any other industry.
i wonder who made trades of 100K and 120K at 0.31, surely they something is brewing.
i am sure they are planning to get 100-200% return on their investment in coming two weeks
the +ve side is they didn't default or allow conversions, but rather postponed the dilution by 8 months effectively.
The chances are in these 2 Quarters, they can repay most of that debt without dilution.
Schedule 2 - $1, schedule 3 - $2
What makes you think people are worried about RS. RS is a tool used for up-listing and confirmed on record by CEO.
Uplisting is not happening this year. So that excuse is not going to work.
order for 100k shares at 0.31. Shows some is desperate to get in before its too late
Agreed, if it breaks 0.32, next stop is 0.38.
GWP# train has started its second run, all others to follow.
DEA news within 2 weeks. Don't get left out for epic run following schedule 2/3 classification.
Schedule 2 - 5-10X
schedule 3 - 10-20X
If it wasn't for chris chritie, NJ would have already legalized mj.
TRTC lobbying efforts are paying off. Already bi-partison support is there. Only Gov needs to fall in line or let go of his job. wait till elections, NJ will be next LV for TRTC.
TRTC made smart move by going after NJ than FL
Friday's green close and today's SP confirms someone know's what's the outcome of DEA news.
2 weeks and MJ will get classified to schedule 2 or 3
Please explain +ve green close of Friday
This will open at 0.30 and most likely climb to 0.32 tomorrow. Expect 2-3 cent gain over next 2-3 days and may be 10 c following week as chances of DEA announcement gets closer
Schedule II will allow banking and crossing of state lines. Most of the steroid painkillers like oxycodone, morphine etc. fall in this class and their companies do avail banking services and their products are available across state lines.
Schedule III will also allow to deduct business expenses - 280E provision will not apply to schedule III