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Marijuana Super Pack formed to take down Public Enemy #1
"...Marijuana reform activists have created a new super PAC aimed exclusively at defeating Texas Republican Rep. Pete Sessions, the House Rules Committee chairman who has blocked cannabis reform legislation from reaching the House floor...."
"..."[Sessions] is in fact what I call a sphincter who is constipating the process," Kampia said. "The reason we haven't won is just process; it's not content."..."
bwaaahaaahaahaahaha...
https://www.washingtonexaminer.com/news/white-house/marijuana-super-pac-created-to-oust-legislative-sphincter-rep-pete-sessions
why is it that all these types have an "evil" look to them? or is it just me?
http://www.thedailychronic.net/2018/91124/house-rules-committee-blocks-fy19-marijuana-amendments/
business is blüming!!!
NJ Lawmakers tour blüms flagship location (Desert Inn) and like what they see!
https://www.scribd.com/document/371089301/New-Jersey-Lawmakers-Marijuana-Visit-to-Nevada
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
more on the blüm design...
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
I've been nosing around for breaking news on the NJ front, still browsing, lol.
I noted the earliest possible date for the NuLeaf harvest to be around the 6th of September, which matches your data pretty closely.
weho news...
San Leandro Grand Opening news...
Carnegie cultivation and extraction license news...
Dyer cultivation and extraction license news...
NuLeaf partnership deal approved by State...
Extraction Lab (NuLeaf) news...
Additional NV Licenses news...
Additional CA Licenses news...
NJ news...
Hegenberger news (55 days into the "75 days or so")...
crushing the vv's in a lawsuit... Priceless!
plus the I'm sure I left some out news, lol.
the stock options, lol. I've posted a few links today going back years as to what they are and why/how there beneficial but it seems to have fallen on deaf ears. you can lead a horse to water but...
business is blüming!!!
looks like that Panda Poo "Attack Piece" just ended up helping the insiders with some cheap shares.
"Michael Nahass
Mr. Nahass earned total cash compensation for his services to us in fiscal 2017, 2016 and 2015 in the amounts of $200,000, $150,000 and $126,250, respectively, which represent his annual base salary for fiscal 2017, 2016 and 2015, and bonuses in the amounts of $0, $115,000 and $0 for fiscal 2017, 2016 and 2015, respectively. The salary paid to Mr. Nahass for fiscal 2017, 2016 and 2015 constituted approximately 58.84%, 50.58% and 74.05%, respectively, of the total compensation paid to Mr. Nahass as set forth in the “Total” column in the Summary Compensation Table.
On May 24, 2017, we granted Mr. Nahass a ten-year option to acquire 100,000 shares of Common Stock at $2.54 per share. The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-quarter (1/4) vested. On January 8, 2016, we granted Mr. Nahass a ten-year option to acquire 60,000 shares of Common Stock at $1.35 per share. The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-third (1/3) vested."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm#I11
In the high likelihood these were skipped over and never looked at, I'll post them again, for those interested in reality.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142612375
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142613147
business is blüming!!!
they have shown nothing short of Amazing growth, in an extremely challenging sector. People (some) don't realize just how much effort it takes just to run a regular law abiding business much less an illegal one. All day everyday putting out fires 24/7 and they have still managed to find the time to push forward.
With the Q2 financials coming due on the 14th of this month, I thought a nice reminder was in order.
business is blüming!!!
just for you
https://en.wikipedia.org/wiki/Employee_stock_option
https://en.wikipedia.org/wiki/Non-qualified_stock_option
https://www.investopedia.com/terms/e/exerciseprice.asp
https://www.investopedia.com/terms/e/esop.asp
https://www.nceo.org/articles/esop-employee-stock-ownership-plan
business is blüming!!!
nice find. I really like this part...
"TRTC has a significant war chest ($4.5M) of cash on the books, which is balanced by virtually no total current liabilities. TRTC is pulling in trailing 12-month revenues of $37.6M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 26.2%."
https://oracledispatch.com/2018/07/27/terra-tech-corp-otcmktstrtc-continues-show-positive-signals/
business is blüming!!!
more details...
Alan Gladstone
"Mr. Gladstone earned cash fees for his services as a director in fiscal 2017 in the amount of $19,792.
On November 15, 2017, we granted Mr. Gladstone a five-year option to acquire 29,167 shares of Common Stock at $3.00 per share. The option is in consideration of the services to be rendered, which vested upon issuance and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-hundred percent (100%) vested."
Steven Ross
"Mr. Ross earned cash fees for his services as a director in fiscal 2017 in the amount of $111,665. On June 22, 2017, we issued to Mr. Ross 72,727 shares of Common Stock. The price per share was $2.54, as reported on the OTC Market Group, Inc.’s OTCQX tier on June 22, 2017.
On May 24, 2017, we granted Mr. Ross a ten-year option to acquire 50,000 shares of Common Stock at $2.54 per share. The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-quarter (1/4) vested. On January 8, 2016, we granted Mr. Ross a ten-year option to acquire 53,333 shares of Common Stock at $1.35 per share. The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-third (1/3) vested."
It goes on and on covering all the Insiders but this post would be a mile long. This is from the Annual, starting at item 11 (page 47).
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm#I11
I thought this section was particularly interesting;
"Kenneth Vande Vrede
Mr. Vande Vrede earned total cash compensation for his services to us in fiscal 2017, 2016 and 2015 in the amounts of $200,000, $140,000 and $124,167, respectively, which represent his annual base salary for fiscal 2017, 2016 and 2015, and bonuses in the amounts of $0, $100,000 and $0 for fiscal 2017, 2016 and 2015, respectively. The base salary paid to Mr. Vande Vrede for fiscal 2017, 2016 and 2015 constituted approximately 59.54%, 51.82% and 74.67%, respectively, of the total compensation paid to Mr. Vande Vrede as set forth in the “Total” column in the Summary Compensation Table.
On May 24, 2017, we granted Mr. Vande Vrede a ten-year option to acquire 100,000 shares of Common Stock at $2.54 per share. The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-quarter (1/4) vested. On January 8, 2016, we granted Mr. Vande Vrede a ten-year option to acquire 56,667 shares of Common Stock at $1.35 per share. The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested. As of December 31, 2017, the option was one-third (1/3) vested.
On June 30, 2017, we issued to Mr. Vande Vrede 16,276 shares of Common Stock. The price per share was $2.82, as reported on the OTC Market Group, Inc.’s OTCQX tier on June 30, 2017. On July 21, 2015, we issued to Mr. Vande Vrede 28,333 shares of Common Stock. The price per share was $1.28, as reported on the OTC Market Group, Inc.’s OTCQB tier on July 21, 2015. On July 9, 2014, we issued to Mr. Vande Vrede 29,630 shares of Common Stock. The price per share was $7.95, as reported on the OTC Market Group, Inc.’s OTCQB tier on July 9, 2014.
Mr. Vande Vrede received $6,000, as set forth in the “All Other Compensation” column, which represents a car allowance of $500 per month, during fiscal 2017, 2016 and 2015."
Handy info for Investors considering the vv boys are about to be taken to the cleaners. We should be getting all these back plus plus plus...
business is blüming!!!
Executive Compensation Details
this is from the Proxy back in August of '17, starting on page 13 it shows all bonuses, options, stocks and all other compensation for the Insiders.
basic language for DP, Nahass, kvv, james - the others signed on after.
"The option is in consideration of the services to be rendered, which shall vest and become exercisable with respect to one-twelfth (1/12) each quarter until the option is one hundred percent (100%) vested."
"Our compensation policy is designed to attract and retain qualified key executive officers critical to our achievement of reaching and maintaining profitability and positive cash flow..."
"The Compensation Committee believes that the most effective executive compensation program is one that is designed to reward the achievement of our specific annual, short-term and long-term goals, and which aligns executives’ interests with those of the stockholders by rewarding performance that meets or exceeds established goals, with the ultimate objective of improving stockholder value..."
"It is the objective of the Compensation Committee to have a portion of each executive officer’s compensation contingent upon our performance as well as upon the individual’s personal performance. Accordingly, each executive officer’s compensation package is comprised of two elements: (i) base salary, which reflects individual performance and expertise and (ii) bonus and long-term equity incentive awards, which are tied to the achievement of certain performance goals that the Compensation Committee establishes from time to time..."
Lots of good stuff on the proxy.
https://www.sec.gov/Archives/edgar/data/1451512/000147793217004030/trtc_def14a.htm
business is blüming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 64.71 million (Q1)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 64.7 million (Q1 only)
Total revenue 8,615,366 (Q1 only)
Total Liabilities and Stockholders’ Equity 107,844,303 (Q1 only)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
business is blüming!!!
trtc Awarded two additional Permits in Santa Ana
"...pleased to announce it has been granted two permits by the City of Santa Ana to operate one retail dispensary on Dyer Road and one on Carnegie Avenue in Santa Ana..."
"...commenced operating and managing a cannabis dispensary in Santa Ana. We are proud to have successfully leveraged this first mover advantage to obtain two new retail permits and expand our presence in Orange County..."
"...The first dispensary will be located at 620 East Dyer Road, with plans to become a fully vertical cannabis complex. The Company purchased this 44,000 square foot facility in January 2018, to expand its presence in Southern California. Following the receipt of the permit, the Company will avail itself of the opportunity to acquire vertically integrated permits from City of Santa Ana to conduct cultivation, distribution, and manufacturing on site. The Company plans to develop the property to include a retail dispensary; increase the size of the facility to over 50,000 square feet and transform it into a vertically integrated cannabis complex. In addition, the Company plans to include an event facility to host large-scale cannabis themed events, such as concerts and movie nights. The Dyer Road facility is adjacent to the 55 Freeway and acts as an entry point into the Southern California marketplace, allowing the Company to benefit from the area’s high population density and traffic. Potential revenues from the retail dispensary, when at full capacity and under current market conditions, are expected to be between $7 million and $10 million per year..."
"...The second dispensary will be located at 1815 E. Carnegie Avenue. The Company also plans to apply for cultivation, manufacturing and distribution permits at this location. Terra Tech selected this 30,000 square foot location because it borders Irvine and Tustin, which have a combined population of over 350,000 residents and have no cannabis dispensaries. The Company believes this strategic location will allow it to serve as a delivery hub to Orange County, opening a new untapped market...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003633/trtc_ex991.htm
business is blüming!!!
trtc Secures Stake in 10th Retail Permit
"...pleased to announce that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. On July 23, 2018, The Healing Tree Collective was awarded a retail permit associated with a facility on W. Pendleton Ave, Santa Ana, by the City of Santa Ana. The remaining 75% of The Healing Tree Collective, and therefore the associated permit, is held by other members of the collective, with whom Terra Tech partnered in order to complete the permit application process...."
"...Terra Tech covered the costs of the permit application and Terra Tech’s wholly-owned subsidiary, Black Oak Gallery, will be responsible for managing all of the facility’s operations, including hiring decisions. The facility is located at 3222 W. Pendleton Ave, Santa Ana, California..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003672/trtc_ex991.htm
business is blüming!!!
multiple reasons
"Purpose of Implementing a Reverse Stock Split
The Board recommends granting it authority for one or more reverse stock splits for the following reasons:
The Board believes that a reverse stock split is the most effective means of increasing the per-share market price of our Common Stock in order to satisfy certain quantitative standards for it to become listed on a securities exchange;
The Board believes that a higher per-share market price of our Common Stock could encourage greater investor interest in us and promote greater liquidity for our stockholders; and
The Board believes that a reverse stock split is advisable to maintain our financing and capital-raising ability and better position us to continue and/or expand our operations."
https://www.sec.gov/Archives/edgar/data/1451512/000147793217004030/trtc_def14a.htm
two out of three ain't bad...
business is blüming!!!
link us!!!!!!
business is blüming!!!
so you're now saying they have cash and not much debt.
doesn't anybody read the financials?
Q1 '18 (page 3)
Cash $4,510,769.00
Accounts receivable $722,929
Notes receivable $5,964,204
Inventory $4,772,158
Prepaid expenses $1,581,555
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
business is blüming!!!
must not be looking at the same financials
according to the latest quarterly (Q1 '18),(page 11)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
"Promissory note dated November 22, 2017, issued for the purchase of real property. Matures December 1, 2020, with an option to extend the maturity date 1 year. The promissory note bears interest at 12.0% for year one and escalates 0.5% per year thereafter up to 13.5%."
balance $4,500,000.00
"Promissory note dated January 18, 2018, issued for the purchase of real property. Matures February 1, 2021, with an option to extend the maturity date 1 year. The promissory note bears interest at 12.0% for year one and escalates 0.5% per year thereafter up to 13.5%."
balance $6,160,001
"Senior convertible promissory note dated January 25, 2018, issued to accredited investors under the 2017 Master Securities Purchase and Convertible Promissory Notes Agreement, which matures July 25, 2019 and bears interest at a rate of 12% per annum. The conversion price is $6.00, subject to adjustment."
balance $916,867
"Senior convertible promissory note dated March 12, 2018, issued to accredited investors under the 2018 Master Securities Purchase and Convertible Promissory Notes Agreement, which matures September 12, 2019 and bears interest at a rate of 7.5% per annum. The conversion price is $4.50, subject to adjustment."
balance $1,655,950
"Total debt as of March 31, 2018 and December 31, 2017 was $13,232,818 and $6,609,398, respectively, net of unamortized debt discount of $5,267,182 and $4,790,601, respectively. The senior convertible promissory notes are secured by shares of common stock. There was accrued interest payable of $41,459 and $21,767 as of March 31, 2018 and December 31, 2017, respectively. See “Note 16 – Subsequent Events” for additional disclosure regarding changes in notes payable subsequent to March 31, 2018."
For a Total of $13,232,818.00
* note - (Q2 financials due in two weeks)
business is blüming!!!
which convertibles is that?
I wonder if there is a correlation here?
DP kicks the vv's to the curb and...
"... Edible Garden revenues increased 40% as our expanded offerings drove sales growth. Our gross profit for the first quarter ended March 31 2018 was $1.6 million compared to a gross profit margin of $400,000 for the first quarter ended March 31 2017, an increase of $1.7 million or 358.8%.
The Edible Garden herbs and produce segment gross profits increased from a negative $53,000 for the first quarter ended in March 31 of 2017 to positive $21,000 for the first quarter ended March 31st of 2018..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002325/trtc_ex992.htm
...revenues increase by 40% and gross profits increased by an astounding 358.8% - WoW!!
Here are a few key areas in the suit trtc has filed against the VV's.
could it all be related somehow? lmao
Definitely would NOT want to be in their shoes.
the VV's that is. Here is a few “lowlights” in the lawsuit trtc filed against the VV's and I for one can say I would not want to be in their shoes if this hits a courtroom, lol.
"…committed fraud against Terra Tech, stole its intellectual property, proprietary information, and usurped corporate opportunities intended for Terra Tech in order to benefit of GRO-RITE and NATURALLY BEAUTIFUL."
"…diverting Terra Tech opportunities to Vande Vrede family entities including but not limited to opportunities with Chill Waze, CBD Water and Cultivar, three companies that would have offered Terra Tech strategic and lucrative corporate alliances."
"…disseminating Terra Tech’s proprietary application documents and process to other entities for the benefit of the Vande Vrede entities including GRO-RITE."
"…failing to disclose conflicts of interest between their positions as officers and employees with Terra Tech."
"…using Terra Tech intellectual property including, but not limited to, Daily Revenue Reports, Nevada Cannabis Permit Applications, Compliance Memorandums and Terra Tech Google Analytics in order to usurp opportunities intended for Terra Tech and divert them to the Vande Vrede family entities."
"…using Terra Tech employees to produce PowerPoint presentations, and engage in other work, which was subsequently used to divert opportunities from Terra Tech to the Vande Vrede family entities."
"…using Terra Tech money to expense items that were used for the benefit of the diversion of these opportunities and the Vande Vrede family."
"…attempted to usurp or did usurp an opportunity Terra Tech had with Cultivar for their GRO-RITE, NATURALLY BEAUTIFUL and/or Vande Vrede family businesses."
"Instead of providing that opportunity to Terra Tech or Edible Garden, he forwarded the email, with the opportunity, to Defendants… …who were operating competing entities, GRO-RITE and NATURALLY BEAUTIFUL."
"…used Terra Tech’s name as a way to develop opportunities with vendors and business partners. Once a dialogue was opened, however, he dropped Terra Tech without informing anyone at Terra Tech, including other executives or members of the board, and instead pursued these opportunities for his family businesses and GRO-RITE."
"… Chill Waze CEO Vincent Gareffa emailed Defendant… …at his Terra Tech email address to pitch Chill Waze’s idea for partnering with Terra Tech."
"…never provided anyone at Terra Tech or Edible Garden the opportunity to hear Chill Waze’s pitch and, instead, copied Defendant DANIEL VANDE VREDE at GRO-RITE on all emails he exchanged with Chill Waze."
"…used Terra Tech resources for his own personal gain when he used his Terra Tech American Express credit card to pay for lunch with Chill Waze."
"…at his Terra Tech email address to break down ownership of Chill Waze and attached a PowerPoint presentation, which identifies Defendant as a “Silent Partner/Operations” and Defendant DANIEL VANDE VREDE as “COO/Inventory and Logistics”. Moreover, the PowerPoint presentation indicated that the warehouse was going to be the GRO-RITE location in New Jersey, implying that Chill Waze intended to compete with Terra Tech in New Jersey."
"…asked a Terra Tech employee to send over the Terra Tech Property ID in order to login and access google analytics for the Terra Tech website… …immediately forwarded Terra Tech’s Property ID to CEO Gareffa at Chill Waze so that he could login as a Terra Tech user and access Terra Tech proprietary information."
"…using Terra Tech’s name and resources to attract vendors and business partners, but then keep the opportunities for his family… …took an opportunity presented by Ken Voorhees of Ungerer & Co on February 6, 2018, for the Plant Based organic CBD Water packer."
"…at his Terra Tech email address and stated, “Organic CBD Water 50% Vande 50% Voorhees, $50k each initial seed money. We can open after launch to others."
"…charged his parking In Morristown, New Jersey, to the Terra Tech corporate credit card for that meeting…"
"Daniel Grover from the Great Meadows Design Group emailed Defendant KENNETH VANDE VREDE at his Terra Tech email address to ask Defendant KENNETH VANDE VREDE if he had sent over the executed contract or non-disclosure agreement… From January 31, 2018 through February 22, 2018, the two exchanged emails regarding corporate names and obtaining a New Jersey cannabis permit for “Lincoln Park and Belvidere locations.”"
"…received emails at his Terra Tech email address from Thomas Mastrangelo, a cannabis lobbyist, to discuss the next potential steps in growing the cannabis side of the Vande Vrede family business with GRO-RITE."
"…received an email at his Terra Tech email address from Quantum 9 CEO Michael Mayes… …forwarded the email from CEO Mayes to Defendants… …stating “Help us write our family cannabis permits for NJ.”… …responded and asked, “What’s this for?” Defendant KENNETH VANDE VREDE responded, “Consultant that will help our family write the NJ cannabis application for us. Scored #1 in PA. Has a 93% success rate.”…"
"From August 25, 2017, through February 6, 2018, Defendant KENNETH VANDE VREDE exchanged emails at his Terra Tech email address with CEO Mayes from Quantum 9, which culminated in Quantum 9 sending a work order, contract and non-disclosure agreement to Defendant KENNETH VANDE VREDE, which he forwarded to himself at his GRO-RITE email address, identifying GRO-RITE as the contracting party with Quantum 9 and the entity that would benefit from the work order from Quantum 9."
"…emailed Terra Tech’s proprietary Nevada Permit Applications to Mark Hanselman and David Alston, individuals who are not affiliated or associated with Terra Tech."
"…emailed with David Hollberg, the Pequannock, New Jersey Township Manager/CFO. They agreed to set up a meeting, which took place on January 10, 2018, at GRO-RITE, to discuss GRO-RITE’S application to grow cannabis."
"…used Terra Tech’s proprietary application documents to submit an application to Pequannock Township."
"…attended Terra Tech board meetings on September 26, 2017, and December 19, 2017. At each of these meetings, the board expressly asked Defendant KENNETH VANDE VREDE whether his family was competing with Terra Tech in cannabis. He misrepresented that they were not. In actuality, Defendant KENNETH VANDE VREDE led the family business charge to focus on cannabis cultivation in New Jersey."
"…were to work at least 30 hours per week. However, they worked no more than 28 hours per week there by obtaining benefits for themselves and their family under false pretenses and effectively, stealing Terra Tech resources."
WoW, looks like while shareholders are getting fitted for their tux the VV's will be getting fitted with orange jumpsuits.
business is blüming!!!
A Big Dose of Reality
trtc positions for growth in California, Nevada and New Jersey
https://soundcloud.com/newcannabisventures/terra-tech-positions-for-growth-in-california-nevada-and-new-jersey
Investor Presentation - May 2018
https://d1io3yog0oux5.cloudfront.net/_79fe715782a4dc329ccae1271d3f16c0/terratechcorp/db/224/433/pdf/Terra+Tech+Investor+Presentation+March+2018.pdf
trtc reports Record Revenues for 2017
https://www.nasdaq.com/press-release/terra-tech-corp-reports-record-revenues-for-year-end-december-31-2017-20180316-00787
trtc #1 in Revenue:
https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
blüm "The People’s Choice" voted the TOP Dispensary in both Nevada and California!!!
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
trtc one of the Top Four California weed stocks
https://www.potnetwork.com/news/here-are-4-best-california-weed-stocks-smart-investors
trtc ranked #10 on the otcqx Best 50 Companies
http://web.otcmarkets.com/otcqx-best-50/
trtc listed as THE top "fastest-growing public companies: small companies"
business is blüming!!!
** NV mj sales SOAR past expectations
"The Silver State’s marijuana industry is still in its infancy, but the cannabis market has raked in more than $30 million in tax revenue for the state so far. Retailers in Nevada have sold more than $195 million in cannabis during the first six months of its adult-use market..."
https://www.forbes.com/sites/monazhang/2018/02/26/nevada-makes-30-million-in-marijuana-taxes-during-first-six-months-of-sales/#40f11d513a7f
"...Four months into Colorado’s recreational market, dispensaries in the state saw $22.56 million in sales — a fraction of Nevada’s sales four months into its recreational marijuana program..."
"...Nevada’s adult-use marijuana market is driven by the tourist-friendly Las Vegas. Cannabis analytics firm New Frontier projects the state’s cannabis market to be worth $622 million by 2020..."
"...it looks like the state’s recreational marijuana market will keep up its impressive growth..."
https://www.forbes.com/sites/monazhang/2017/12/26/nevadas-recreational-marijuana-market-hits-38m-soars-past-colorado/2/#69773ccc7bc7
"...Nevada's recreational marijuana industry is on pace to reach $60 million in its first year, exceeding the state's projection of $50 million..."
http://kdwn.com/2018/02/28/nevada-marijuana-sales-exceed-financial-expectations/
"...With all due respect to Denver, Seattle, and Portland, Las Vegas is already the party capital of the world, and this is just an extension of that,” Ferrence said. “ There’s no question that the demand is ever going to relent..."
https://hightimes.com/news/marijuana-sales-in-nevada-exceed-stores-expectations/
"Legal marijuana sales in Nevada set another monthly record in May and are approaching the $500 million mark for the fiscal year...."
http://www.ktvn.com/story/38747892/nevada-pot-sales-set-another-monthly-record-in-may
business is blüming!!!
insane in the membrain
claims that "Banking" is not an issue are laughably absurd...
"...But, dispensaries are still struggling with one simple part of operating a businesses: opening a bank account.
That's forcing some pot shops to operate in all-cash, while others with bank accounts are still paying thousands of dollars in bills in cash.
"My taxes... I paid those in cash," said Mike Alvarez, vice president of retail sales for Terra Tech Corp., a publicly traded company that operates Blum dispensary in Reno.
Alvarez says the banks are hesitant to work with cannabis-related businesses because marijuana is still federally illegal.
"I really wish the federal government would declassify cannabis," said Alvarez.
He adds that if it was removed as a Schedule I drug that would open the door for banks to be more willing to work with them.
Alvarez says Wells Fargo, Bank of America and Chase Bank have all closed accounts on them. They say they do have a bank account right now, but can't use it for all of their expenses, so they end up paying cash for some bills. They also paid their taxes and licenses in all cash.
"Thousand of dollars that we have to go pay. So it is concerning when you're taking that much cash out and walking out to your car, or driving down and actually going to pay it and taking it in a building," said Alvarez..."
http://mynews4.com/news/local/nevada-marijuana-dispensaries-still-struggling-to-have-bank-accounts
"...his application was rejected. On June 13, he received a denial letter from his insurer of choice, Mutual of Omaha, with the following terse explanation:
"We have discontinued the processing of your application for insurance due to company policy. We cannot accept premium[sic] from individuals or entities who are associated with the marijuana industry. We are regulated by agencies of the."..."
https://www.thestranger.com/slog/2016/06/28/24267651/cannabis-exec-denied-life-insurance-forbeing-a-cannabis-exec
** Industry wide problem
"...rents office space in Anchorage and was informed by its landlord late last year that Wells Fargo – which holds a loan on the building – was preparing to call the loan because it had learned that "they" were a marijuana business..."
https://mjbizdaily.com/steep-hill-close-alaska-cannabis-testing-lab/
** Banking issue is still front and center...
"...Taxation and banking are still really holding back growth at a national level and even within some of the states..."
"...I would love to see that the business owner has access to banking and banking services,” he says. “It just seems to be so unfair and so hypocritical that the government will take tax revenues, whether it’s in cash, or whatever form, but they won’t allow the legal marijuana business owner that’s abiding by all the laws to be able to deposit money into a bank, as well as pay electronically like every other business does..."
https://www.thecannabist.co/2017/01/20/marijuana-industry-trends-2017/69538/
"...after virtually no bank would accept legalized marijuana sales deposits. Due to difficulty in obtaining financial services and because marijuana is a “cash only” business, marijuana related businesses (MRBs) face staggering safety, security and operational issues.
As a result, licensed and regulatory compliant MRBs are sitting on mountains of cash, while, in light of unclear legal exposure, immeasurable risk management, and nearly impossible regulatory compliance, hungry banks view accepting cannabis cash as insufficiently lucrative to pursue..."
https://www.cannabisbusinessexecutive.com/2018/02/cannabis-banking-issues-cash-no-flash/
"...brought in millions of dollars last year, but he’s had a hard time finding a bank to take the money. He’s cycled through 14 checking accounts in six years. Recently, he said, a bank shut down all his personal accounts, including college savings for his 3-year-old son..."
http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2016/03/22/why-marijuana-businesses-still-cant-get-bank-accounts
"...The lack of reliable banking services has always been a problem for the cannabis industry. We’ve seen the dearth of banking options pose problems..."
https://www.cannalawblog.com/california-cannabis-banking-an-update/
business is blüming!!!
Will Panther Gap Farms deliver again?
In 2017 Panther delivered 2,000 lbs of the sticky icky, Premium Dank AF Killer Bud.
Dp confirms, in the Virtual Investors Conference Call just recently, that trtc has indeed exercised the option to renew both the yearly lease and the yearly operating contract with expert grower and "Craft Cultivator" Panther Gap Farms.
http://www.virtualinvestorconferences.com/agenda-june2018.html
"...The property is located in Honeydew, CA, in Southern Humboldt County, in an area known as the "Emerald Triangle" that is home to some of the world's highest quality cannabis products...."
(pics on “intro” page)
https://www.terratechcorp.com/news-media/press-releases/detail/190/terra-tech-%20corp-expands-cannabis-cultivation-capabilities
Humboldt County - America's Marijuana Capital!
Quote:
________________________________________
"On May 23, 2017, the Company entered into a one-year operating agreement with Panther Gap Farms pursuant to which Panther Gap Farms will grow up to approximately one metric ton of the Company’s IVXX cannabis annually. The operating agreement is renewable, upon mutual agreement between Panther Gap Farms and the Company, for up to three additional terms of one year each. The agreement requires the Company to issue common stock, with a value of $1,150,000, upon execution of the agreement, which the Company issued in August 2017 and held in escrow. In addition to the common stock, the Company is required to issue common stock, with a value of $785,500, for the profit share of the cannabis ultimately sold by the Company upon execution of the agreement. Panther Gap Farms has the right to receive up to $100,000 in cash in lieu of receiving the common stock related to the net profit share. If Panther Gap Farms requests such cash payment, the amount of common stock to be delivered will be reduced by an amount equal to the amount of such cash divided by the lower of the closing price or the 30 day VWAP of common stock on the date of the agreement. The shares to be received by Panther Gap Farms under the profit share agreement are dependent on the ultimate profit recognized by the Company when the cannabis product is sold.
The Company and Panther Gap Farms also entered into a lease agreement pursuant to which the Company leases the property on which the cannabis is grown. The lease agreement requires monthly payments of $30,000 for eight months and is also renewable for up to three additional terms of one year each."
https://ir.terratechcorp.com/all-sec-filings#document-5441-0001477932-18-001325
________________________________________
DP clearly stated either on the Annual or the '18 quarterly how much cannabis was purchased. Has I have stated a few times now, "In 2017 Panther delivered 2,000 lbs of the sticky icky, Premium Dank AF Killer Bud."
Annual
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
Quarterly (Q1 2018)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
Dp confirms, in the Virtual Investors Conference Call just recently, that trtc has indeed exercised the option to renew both the yearly lease and the yearly operating contract with expert grower and "Craft Cultivator" Panther Gap Farms.
http://www.virtualinvestorconferences.com/agenda-june2018.html
Prices in california are averaging $296.00 an ounce according to
https://marijuanarates.com/blog/california-marijuana-prices
so 2,000 lbs is 32,000 ounces multiplied by $296. works out to around $9,472,000.00.
So they spent $2,175,000 and got back $9,472,000 in return, leaving trtc to collect $7,297,000.
I'll take that ALL DAY LONG!!!
a few other things to note;
* that 2000lbs delivered was in 2017, they could have easily taken another delivery of top notch product since then. After all the 1 year renewable contract started on May 24, 2017. Any additional marijuana delivered from Jan '18 to May 23, '18 would increase that 2,000 lbs accordingly.
* also, IP has a much better grasp on the actual dollar amounts, For instance, The big sticky buds on top are worth more than the smaller branch buds etc...
No matter it was a Great Deal made by DP, no wonder...
business is blüming!!!
trtc Awarded two additional Permits in Santa Ana
"...pleased to announce it has been granted two permits by the City of Santa Ana to operate one retail dispensary on Dyer Road and one on Carnegie Avenue in Santa Ana..."
"...commenced operating and managing a cannabis dispensary in Santa Ana. We are proud to have successfully leveraged this first mover advantage to obtain two new retail permits and expand our presence in Orange County..."
"...The first dispensary will be located at 620 East Dyer Road, with plans to become a fully vertical cannabis complex. The Company purchased this 44,000 square foot facility in January 2018, to expand its presence in Southern California. Following the receipt of the permit, the Company will avail itself of the opportunity to acquire vertically integrated permits from City of Santa Ana to conduct cultivation, distribution, and manufacturing on site. The Company plans to develop the property to include a retail dispensary; increase the size of the facility to over 50,000 square feet and transform it into a vertically integrated cannabis complex. In addition, the Company plans to include an event facility to host large-scale cannabis themed events, such as concerts and movie nights. The Dyer Road facility is adjacent to the 55 Freeway and acts as an entry point into the Southern California marketplace, allowing the Company to benefit from the area’s high population density and traffic. Potential revenues from the retail dispensary, when at full capacity and under current market conditions, are expected to be between $7 million and $10 million per year..."
"...The second dispensary will be located at 1815 E. Carnegie Avenue. The Company also plans to apply for cultivation, manufacturing and distribution permits at this location. Terra Tech selected this 30,000 square foot location because it borders Irvine and Tustin, which have a combined population of over 350,000 residents and have no cannabis dispensaries. The Company believes this strategic location will allow it to serve as a delivery hub to Orange County, opening a new untapped market...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003633/trtc_ex991.htm
business is blüming!!!
trtc Secures Stake in 10th Retail Permit
"...pleased to announce that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. On July 23, 2018, The Healing Tree Collective was awarded a retail permit associated with a facility on W. Pendleton Ave, Santa Ana, by the City of Santa Ana. The remaining 75% of The Healing Tree Collective, and therefore the associated permit, is held by other members of the collective, with whom Terra Tech partnered in order to complete the permit application process...."
"...Terra Tech covered the costs of the permit application and Terra Tech’s wholly-owned subsidiary, Black Oak Gallery, will be responsible for managing all of the facility’s operations, including hiring decisions. The facility is located at 3222 W. Pendleton Ave, Santa Ana, California..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003672/trtc_ex991.htm
business is blüming!!!
very interesting...
on the 25th; trtc issued a new series of 3% note
"...The Company has authorized a new series of Convertible Notes of the Company designated as 3% Senior Convertible Promissory Notes (the “Convertible Notes”), the terms of which are set forth in the 3% Senior Convertible Promissory Note in the form attached hereto as Exhibit A (together with any Convertible Notes issued in replacement thereof in accordance with the terms thereof, which Convertible Notes shall be convertible into Common Stock (as defined below) (such shares of Common Stock issuable pursuant to the terms of the Convertible Notes, including, without limitation, upon conversion or otherwise, collectively, the “Conversion Shares”) in accordance with the terms of the Convertible Notes)...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003673/trtc_ex1050.htm
"THIS 3% SENIOR CONVERTIBLE PROMISSORY NOTE is one of a series of duly authorized and validly issued convertible promissory notes of Terra Tech Corp., a Nevada corporation, (the “Company”), having its principal place of business at 2040 Main Street, Suite 225, Irvine, California 92614, designated as its 3% Senior Convertible Promissory Note due July 25, 2019 (this “Note”, or the “Note” and collectively with the other Notes of such series, the “Notes”)...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003673/trtc_ex451.htm
business is blüming!!!
It's been rumored that...
Team Effort
thanx for the recognition but fortunately I can't take all the credit. It's just a compilation of the info (factual info) and links that have been tossed about here on this board by numerous posters, just organized and linked. Just like trtc and their incredably high success rate in procuring licenses - it's a team effort.
Hats off to all.
business is blüming!!!
TRTC Current Holdings and Activities - Updated 7/29/2018
** California Dispensaries
* Blüm/Oakland Dispensary, 578 West Grand Avenue, Oakland, CA 94612, Dispensary, Cultivation, Lab / Production Facility, Operational, Owned
* Blüm/Santa Ana Dispensary, 2911 South Tech Center Drive, Santa Ana, CA 92705, Operational, Owned
* Blüm/San Leandro Dispensary, 1911 Fairway Dr., San Leandro, Ca 94577, Dispensary, Extraction Lab and Production Kitchen, Owned, "Opening very soon"
* Blüm/Carnegie, 1815 Carnegie Avenue, Santa Ana, CA 92705, Dispensary, In Phase 2 of licensing, Construction started, Owned
* Blüm/Dyer, 620 E Dyer, Santa Ana, CA 92705, Dispensary, In Phase 2 of licensing, Construction started, Owned
* The Healing Tree Collective, Inc, 3222 W. Pendleton Ave, Santa Ana, California 92704, Dispensary, Acquired 25% Ownership.
*** pursuing Blüm/West Hollywood Dispensary, apps filed for Dispensary, Consumption Area and Delivery Service - Licensing selection process underway.
** California Cultivation and Production
* Hegenberger, 30 Hegenberger Loop, Oakland, CA 94621, Greenhouse and Extraction Lab (13k sq. ft.), under construction (mid '18)
* 1815 Carnegie, 1815 Carnegie Avenue, Santa Ana, CA 92705, (30k sq. ft.), Owned, Licensed Dispensary, warehouse property, Phase 1 and Phase 2 application process for non-retail commercial cannabis businesses (distribution, cultivation, and/or manufacturing) began Monday, June 4, 2018. Phase 2 publicized list to be released shortly.
* 620 E Dyer, 620 E Dyer, Santa Ana, CA 92705, (41k + sq. ft.), Owned, Licensed Dispensary, warehouse property, Phase 1 and Phase 2 application process for non-retail commercial cannabis businesses (distribution, cultivation, and/or manufacturing) began Monday, June 4, 2018. Phase 2 publicized list to be released shortly.
* Panther Gap Farms, located in Honeydew, CA, up to (44k sq. ft.), lease agreement, Operational.
* The farm, Cultivar Inc., located in Salinas, CA, up to (244k sq. ft.), lease agreement, status unknown
** California Distribution
* Blüm Distribution, Inc., Oakland, CA 94612, status unknown
* Blüm Distribution I, Inc., Oakland, CA 94612, status unknown
Company commentary on California
** Nevada Dispensaries
* Blüm/Las Vegas Dispensary, 1130 Desert Inn Road, Las Vegas, NV 89109 (flagship), Operational, 98% Owned
* Blüm/Las Vegas Dispensary, 1921 Western Avenue, Las Vegas, NV 89102, Operational, 98% Owned, * Sale Pending
* Blüm/Las Vegas Dispensary, 3650 S Decatur, Las Vegas, NV 89103, Operational, 98% Owned
* Blüm/Reno Dispensary, 1085 South Virginia Street, Reno, Nevada 89502, Operational, 50% Owned
*** Stakeholder only additional licensing processes were June 13th-June 23rd, with another process for retail locations September 7th-September 20th. Both processes carry a regulatory 90 days to deny or approve.
** Nevada Cultivation and Production
* NuLeaf Sparks Cultivation, LLC, 859 Deming Way, Sparks, NV 89509, (30,000 sq. ft.) facility, Operational, Commencement of operations June 1st
* NuLeaf Reno Production, LLC, (15k sq. ft.), 50% partners, awaiting final approval
*** Future Cultivation and Lab operation located at 6585 W Gary Ave, Las Vegas, NV 89139, Licensed (1ea), non-operational
*** Future Greenhouse operation located at 200 Hawco Court #B, Sparks, NV 89441, (Spanish Springs), Licensed, non-operational, expected completion by late ‘18
*** Future facilities for the Production of Infused Products, 0 Pyramid Way, (Spanish Springs), Licensed, non-operational
Company commentary on Nevada
** New Jersey
* Hydroponic Cultivation Facility, - Operational (lettuce, herbs), (no marijuana authorized yet)
Company commentary on New Jersey
business is blüming!!!
was thinking about that. I just updated the old one on the fly from the ihub "compose your message" page, lol, not the best document software to use.
I listed the dyer and carnegie twice, once under dispensaries with their approved licenses and then again I listed both under cultivation and extraction with those licenses still technically pending. I also added The Healing Tree disp and noted the "pending" sale of the NV western location.
docx or google docs def would make it a little more convenient to edit, and I get a feeling we will be editing it quite a bit.
I was thinking of maybe incorporating it into the "intro page" so I could save the sticky for something else.
business is blüming!!!
trtc begins cultivation in NV!!!
"...is pleased to announce that it has commenced cultivation at its new Sparks facility, following approval from the State of Nevada. Utilizing Terra Tech’s proven practices and procedures, the team has successfully begun cultivation of its first cannabis crop, planting the first seeds in early June. Terra Tech expects to distribute and sell cannabis grown at the Sparks facility from its first harvest throughout Nevada by the fourth quarter of 2018."
"Construction of the 30,000 square foot cultivation facility was completed during the first quarter of 2018, in conjunction with NuLeaf Sparks. The Sparks facility was built out using LED lights to increase efficiencies and reduce the cost of production. Terra Tech's proprietary IVXX cannabis products will be grown and harvested at the Sparks facility under the safest and most beneficial conditions. All products will be thoughtfully produced, rigorously tested and certified to the highest standards of potency and purity. IVXX cultivated at the Sparks location will be sold at Terra Tech's Blüm retail and medical cannabis dispensaries in Reno, Nevada and Las Vegas, Nevada, and to third party dispensaries."
"Derek Peterson, CEO of Terra Tech, commented, “We recently received the necessary permits from the State of Nevada to commence cultivation at our brand new cultivation facility in Sparks, Nevada and have planted our first seeds. We plan to cultivate a variety of cannabis strains for patients and consumers under our IVXX brand, including offerings with varying THC and CBD concentrations. Scaling our cannabis cultivation to support our wholesale business as well as to supply our four dispensaries in Nevada will enable us to meet demand from the growing cannabis market. This is just latest milestone in our expansion strategy and we are excited to ramp our production of premium quality cannabis for the medical and adult-use markets.”"
https://www.terratechcorp.com/news-media/press-releases/detail/223/terra-tech-corp-begins-ivxx-cultivation-at-new-sparks
business is blüming!!!
107,844,433 in shareholders equity... (Q1)
what does trtc have to show for their hard work and dedication???
not much, lol
trtc footprint
** California Dispensaries
* Blüm/Oakland Dispensary, - 578 West Grand Avenue, Oakland, CA 94612, Dispensary, Cultivation, Lab / Production Facility, Operational, Owned
* Blüm/Santa Ana Dispensary, - 2911 South Tech Center Drive, Santa Ana, CA 92705, Operational, Owned
* Blüm/San Leandro Dispensary, - 1911 Fairway Dr., San Leandro, Ca 94577, Dispensary, Extraction Lab and Production Kitchen, Owned, "Opening very soon"
* Blüm/Carnegie, - 1815 Carnegie Avenue, Santa Ana, CA 92705, Dispensary, Construction started, Owned
* Blüm/Dyer, - 620 E Dyer, Santa Ana, CA 92705, Dispensary, Construction started, Owned
* The Healing Tree Collective, Inc, - 3222 W. Pendleton Ave, Santa Ana, California 92704, Dispensary, 25% Ownership
*** pursuing Blüm/West Hollywood Dispensary, apps filed for Dispensary, Consumption Area and Delivery Service - Licensing approval in progress
** California Cultivation and Production
* Hegenberger, - 30 Hegenberger Loop, Oakland, CA 94621, Greenhouse and Extraction Lab (13k sq. ft.), under construction (mid '18)
* 1815 Carnegie, - 1815 Carnegie Avenue, Santa Ana, CA 92705, (30k sq. ft.), Owned, Licensed Dispensary, warehouse property, apps filed for Cultivation and Extraction Lab, construction started
* 620 E Dyer, - 620 E Dyer, Santa Ana, CA 92705, (41k + sq. ft.), Owned, Licensed Dispensary, warehouse property, apps filed for Cultivation and Extraction Lab, construction started
* Panther Gap Farms, - located in Honeydew, CA, up to (44k sq. ft.), lease agreement, operational
* The farm, Cultivar Inc., - located in Salinas, CA, up to (244k sq. ft.), lease agreement, status unknown
** California Distribution
* Blüm Distribution, Inc., - Oakland, CA 94612, status unknown
* Blüm Distribution I, Inc., - Oakland, CA 94612, status unknown
** Nevada Dispensaries
* Blüm/Las Vegas Dispensary, - 1130 Desert Inn Road, Las Vegas, NV 89109 (flagship), Operational, 98% Owned
* Blüm/Las Vegas Dispensary, - 1921 Western Avenue, Las Vegas, NV 89102, Operational, 98% Owned, ** Sale Pending **
* Blüm/Las Vegas Dispensary, - 3650 S Decatur, Las Vegas, NV 89103, Operational, 98% Owned
* Blüm/Reno Dispensary, - 1085 South Virginia Street, Reno, Nevada 89502, Operational, 50% Owned
** Nevada Cultivation and Production
* NuLeaf Sparks Cultivation, LLC, - 859 Deming Way, Sparks, NV 89509, Operational, 1st planting was in early June (30k sq. ft.)
* NuLeaf Reno Production, LLC, (15k sq. ft.), 50% partners, awaiting final approval
* Future Cultivation and Lab operation located at 6585 W Gary Ave, Las Vegas, NV 89139, Licensed (1ea), non-operational
* Future Greenhouse operation located at 200 Hawco Court #B, Sparks, NV 89441, (Spanish Springs), Licensed, non-operational, expected completion by late ‘18
* Future facilities for the Production of Infused Products, 0 Pyramid Way, (Spanish Springs), Licensed, non-operational
** New Jersey
* Hydroponic Cultivation Facility, - Operational (lettuce, herbs), (no marijuana authorized yet)
business is blüming!!!
trtc issued the third trench of 5 million @ 7.5%
"On July 25, 2018, Terra Tech Corp. (the “Company”) issued a 7.5% Senior Convertible Promissory Note due January 25, 2020 (the “7.5% Note”) in the principal amount of $5,000,000 to an accredited investor (the “Purchaser”) for a purchase price of $5,000,000 pursuant to a Securities Purchase Agreement with the Purchaser, dated as of March 12, 2018 (the “7.5% Note Purchase Agreement”). The 7.5% Note and the shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), issuable upon conversion of the 7.5% Note are collectively referred to herein as the “Securities.” The 7.5% Note is the third of eight tranches of $5,000,000 7.5% Senior Convertible Promissory Notes to be issued by the Company to the Purchaser pursuant to the 7.5% Note Purchase Agreement...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003673/trtc_8k.htm
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003673/trtc_ex450.htm
Also on the 25th; trtc issued a new series of 3% note
"...The Company has authorized a new series of Convertible Notes of the Company designated as 3% Senior Convertible Promissory Notes (the “Convertible Notes”), the terms of which are set forth in the 3% Senior Convertible Promissory Note in the form attached hereto as Exhibit A (together with any Convertible Notes issued in replacement thereof in accordance with the terms thereof, which Convertible Notes shall be convertible into Common Stock (as defined below) (such shares of Common Stock issuable pursuant to the terms of the Convertible Notes, including, without limitation, upon conversion or otherwise, collectively, the “Conversion Shares”) in accordance with the terms of the Convertible Notes)...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003673/trtc_ex1050.htm
"THIS 3% SENIOR CONVERTIBLE PROMISSORY NOTE is one of a series of duly authorized and validly issued convertible promissory notes of Terra Tech Corp., a Nevada corporation, (the “Company”), having its principal place of business at 2040 Main Street, Suite 225, Irvine, California 92614, designated as its 3% Senior Convertible Promissory Note due July 25, 2019 (this “Note”, or the “Note” and collectively with the other Notes of such series, the “Notes”)...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003673/trtc_ex451.htm
business is blüming!!!
trtc Secures Stake in 10th Retail Permit
"...pleased to announce that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. On July 23, 2018, The Healing Tree Collective was awarded a retail permit associated with a facility on W. Pendleton Ave, Santa Ana, by the City of Santa Ana. The remaining 75% of The Healing Tree Collective, and therefore the associated permit, is held by other members of the collective, with whom Terra Tech partnered in order to complete the permit application process...."
"...Terra Tech covered the costs of the permit application and Terra Tech’s wholly-owned subsidiary, Black Oak Gallery, will be responsible for managing all of the facility’s operations, including hiring decisions. The facility is located at 3222 W. Pendleton Ave, Santa Ana, California..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003672/trtc_ex991.htm
business is blüming!!!
trtc Awarded two additional Permits in Santa Ana
"...pleased to announce it has been granted two permits by the City of Santa Ana to operate one retail dispensary on Dyer Road and one on Carnegie Avenue in Santa Ana..."
"...commenced operating and managing a cannabis dispensary in Santa Ana. We are proud to have successfully leveraged this first mover advantage to obtain two new retail permits and expand our presence in Orange County..."
"...The first dispensary will be located at 620 East Dyer Road, with plans to become a fully vertical cannabis complex. The Company purchased this 44,000 square foot facility in January 2018, to expand its presence in Southern California. Following the receipt of the permit, the Company will avail itself of the opportunity to acquire vertically integrated permits from City of Santa Ana to conduct cultivation, distribution, and manufacturing on site. The Company plans to develop the property to include a retail dispensary; increase the size of the facility to over 50,000 square feet and transform it into a vertically integrated cannabis complex. In addition, the Company plans to include an event facility to host large-scale cannabis themed events, such as concerts and movie nights. The Dyer Road facility is adjacent to the 55 Freeway and acts as an entry point into the Southern California marketplace, allowing the Company to benefit from the area’s high population density and traffic. Potential revenues from the retail dispensary, when at full capacity and under current market conditions, are expected to be between $7 million and $10 million per year..."
"...The second dispensary will be located at 1815 E. Carnegie Avenue. The Company also plans to apply for cultivation, manufacturing and distribution permits at this location. Terra Tech selected this 30,000 square foot location because it borders Irvine and Tustin, which have a combined population of over 350,000 residents and have no cannabis dispensaries. The Company believes this strategic location will allow it to serve as a delivery hub to Orange County, opening a new untapped market...."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003633/trtc_ex991.htm
business is blüming!!!
Will Panther Gap Farms deliver again?
In 2017 Panther delivered 2,000 lbs of the sticky icky, Premium Dank AF Killer Bud.
Dp confirms, in the Virtual Investors Conference Call just recently, that trtc has indeed exercised the option to renew both the yearly lease and the yearly operating contract with expert grower and "Craft Cultivator" Panther Gap Farms.
http://www.virtualinvestorconferences.com/agenda-june2018.html
"...The property is located in Honeydew, CA, in Southern Humboldt County, in an area known as the "Emerald Triangle" that is home to some of the world's highest quality cannabis products...."
(pics on “intro” page)
https://www.terratechcorp.com/news-media/press-releases/detail/190/terra-tech-%20corp-expands-cannabis-cultivation-capabilities
Humboldt County - America's Marijuana Capital!
business is blüming!!!
I've on occasion have had to make a run in the middle of the night to visit the "fishing bait" vending machine. If it offered marijuana I may have been tempted to grab a pre-roll, lol.
Weed -n- Worms
...coming to a pick n tote near you.
NJ Lawmakers tour blüms flagship location (Desert Inn) and like what they see!
https://www.scribd.com/document/371089301/New-Jersey-Lawmakers-Marijuana-Visit-to-Nevada
First blüm was voted "The People's Choice" ...
https://www.thecannabist.co/2018/01/31/best-dispensaries-budtenders-2017/97990/
and now confirmed by High Times…
"...You don’t grow a business to six locations in two separate states (with a seventh planned for San Leandro) without doing something right. Their inventory is unrivaled in the East Bay, with prices to match...."
https://hightimes.com/dispensaries/best-dispensaries-east-bay/
more on the blüm design...
"...to help educate patients and establish brand awareness, cannabis boutiques are moving away from that dim-lit, bland image by using vibrant color schemes and design elements to make lasting impressions with customers — and to reverse stigma..."
"...Blum, a pot retail operator owned by Terra Tech Corp., is focused on just that — patient care and safety and the reversal of stigma in the industry...."
https://www.bisnow.com/national/news/retail/marijuana-dispensaries-are-getting-facelifts-to-blaze-past-the-competition-87544
https://www.inc.com/will-yakowicz/ss-high-end-cannabis-dispensary-design-revenue.html
360 degree Tour
Definitely would NOT want to be in their shoes.
the VV's that is. Here is a few “lowlights” in the lawsuit trtc filed against the VV's and I for one can say I would not want to be in their shoes if this hits a courtroom, lol.
"…committed fraud against Terra Tech, stole its intellectual property, proprietary information, and usurped corporate opportunities intended for Terra Tech in order to benefit of GRO-RITE and NATURALLY BEAUTIFUL."
"…diverting Terra Tech opportunities to Vande Vrede family entities including but not limited to opportunities with Chill Waze, CBD Water and Cultivar, three companies that would have offered Terra Tech strategic and lucrative corporate alliances."
"…disseminating Terra Tech’s proprietary application documents and process to other entities for the benefit of the Vande Vrede entities including GRO-RITE."
"…failing to disclose conflicts of interest between their positions as officers and employees with Terra Tech."
"…using Terra Tech intellectual property including, but not limited to, Daily Revenue Reports, Nevada Cannabis Permit Applications, Compliance Memorandums and Terra Tech Google Analytics in order to usurp opportunities intended for Terra Tech and divert them to the Vande Vrede family entities."
"…using Terra Tech employees to produce PowerPoint presentations, and engage in other work, which was subsequently used to divert opportunities from Terra Tech to the Vande Vrede family entities."
"…using Terra Tech money to expense items that were used for the benefit of the diversion of these opportunities and the Vande Vrede family."
"…attempted to usurp or did usurp an opportunity Terra Tech had with Cultivar for their GRO-RITE, NATURALLY BEAUTIFUL and/or Vande Vrede family businesses."
"Instead of providing that opportunity to Terra Tech or Edible Garden, he forwarded the email, with the opportunity, to Defendants… …who were operating competing entities, GRO-RITE and NATURALLY BEAUTIFUL."
"…used Terra Tech’s name as a way to develop opportunities with vendors and business partners. Once a dialogue was opened, however, he dropped Terra Tech without informing anyone at Terra Tech, including other executives or members of the board, and instead pursued these opportunities for his family businesses and GRO-RITE."
"… Chill Waze CEO Vincent Gareffa emailed Defendant… …at his Terra Tech email address to pitch Chill Waze’s idea for partnering with Terra Tech."
"…never provided anyone at Terra Tech or Edible Garden the opportunity to hear Chill Waze’s pitch and, instead, copied Defendant DANIEL VANDE VREDE at GRO-RITE on all emails he exchanged with Chill Waze."
"…used Terra Tech resources for his own personal gain when he used his Terra Tech American Express credit card to pay for lunch with Chill Waze."
"…at his Terra Tech email address to break down ownership of Chill Waze and attached a PowerPoint presentation, which identifies Defendant as a “Silent Partner/Operations” and Defendant DANIEL VANDE VREDE as “COO/Inventory and Logistics”. Moreover, the PowerPoint presentation indicated that the warehouse was going to be the GRO-RITE location in New Jersey, implying that Chill Waze intended to compete with Terra Tech in New Jersey."
"…asked a Terra Tech employee to send over the Terra Tech Property ID in order to login and access google analytics for the Terra Tech website… …immediately forwarded Terra Tech’s Property ID to CEO Gareffa at Chill Waze so that he could login as a Terra Tech user and access Terra Tech proprietary information."
"…using Terra Tech’s name and resources to attract vendors and business partners, but then keep the opportunities for his family… …took an opportunity presented by Ken Voorhees of Ungerer & Co on February 6, 2018, for the Plant Based organic CBD Water packer."
"…at his Terra Tech email address and stated, “Organic CBD Water 50% Vande 50% Voorhees, $50k each initial seed money. We can open after launch to others."
"…charged his parking In Morristown, New Jersey, to the Terra Tech corporate credit card for that meeting…"
"Daniel Grover from the Great Meadows Design Group emailed Defendant KENNETH VANDE VREDE at his Terra Tech email address to ask Defendant KENNETH VANDE VREDE if he had sent over the executed contract or non-disclosure agreement… From January 31, 2018 through February 22, 2018, the two exchanged emails regarding corporate names and obtaining a New Jersey cannabis permit for “Lincoln Park and Belvidere locations.”"
"…received emails at his Terra Tech email address from Thomas Mastrangelo, a cannabis lobbyist, to discuss the next potential steps in growing the cannabis side of the Vande Vrede family business with GRO-RITE."
"…received an email at his Terra Tech email address from Quantum 9 CEO Michael Mayes… …forwarded the email from CEO Mayes to Defendants… …stating “Help us write our family cannabis permits for NJ.”… …responded and asked, “What’s this for?” Defendant KENNETH VANDE VREDE responded, “Consultant that will help our family write the NJ cannabis application for us. Scored #1 in PA. Has a 93% success rate.”…"
"From August 25, 2017, through February 6, 2018, Defendant KENNETH VANDE VREDE exchanged emails at his Terra Tech email address with CEO Mayes from Quantum 9, which culminated in Quantum 9 sending a work order, contract and non-disclosure agreement to Defendant KENNETH VANDE VREDE, which he forwarded to himself at his GRO-RITE email address, identifying GRO-RITE as the contracting party with Quantum 9 and the entity that would benefit from the work order from Quantum 9."
"…emailed Terra Tech’s proprietary Nevada Permit Applications to Mark Hanselman and David Alston, individuals who are not affiliated or associated with Terra Tech."
"…emailed with David Hollberg, the Pequannock, New Jersey Township Manager/CFO. They agreed to set up a meeting, which took place on January 10, 2018, at GRO-RITE, to discuss GRO-RITE’S application to grow cannabis."
"…used Terra Tech’s proprietary application documents to submit an application to Pequannock Township."
"…attended Terra Tech board meetings on September 26, 2017, and December 19, 2017. At each of these meetings, the board expressly asked Defendant KENNETH VANDE VREDE whether his family was competing with Terra Tech in cannabis. He misrepresented that they were not. In actuality, Defendant KENNETH VANDE VREDE led the family business charge to focus on cannabis cultivation in New Jersey."
"…were to work at least 30 hours per week. However, they worked no more than 28 hours per week there by obtaining benefits for themselves and their family under false pretenses and effectively, stealing Terra Tech resources."
WoW, looks like while shareholders are getting fitted for their tux the VV's will be getting fitted with orange jumpsuits.
business is blüming!!!
now that's some serious groundwork...
Shares Outstanding
2012 76.89 million
2013 99.04 million
2014 174.3 million
2015 240.19 million
2016 389.36 million
2017 46.07 million (adjusted)
2018 64.71 million (Q1)
* Some serious shareholder equity was created building facilities, getting licenses and laying the ground work to dominate.
2013 99.04 million
Total Revenue 2,125,851
Total Liabilities and Stockholders’ Equity 4,040,585
https://www.sec.gov/Archives/edgar/data/1451512/000147793214001462/trtc_10k.htm
2014 174.3 million
Total Revenue 7,094,270
Total Liabilities and Stockholders’ Equity 7,719,226
https://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm
2015 240.19 million
Total Revenue 9,975,346
Total Liabilities and Stockholders’ Equity 9,165,039
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2016 389.36 million
Total revenue 25,327,764
Total Liabilities and Stockholders’ Equity 76,178,130
https://www.sec.gov/Archives/edgar/data/1451512/000147793217001483/trtc_10k.htm
2017 46.1 million
Total revenue 35,800,844
Total Liabilities and Stockholders’ Equity 98,187,799
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
2018 64.7 million (Q1 only)
Total revenue 8,615,366 (Q1 only)
Total Liabilities and Stockholders’ Equity 107,844,303 (Q1 only)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218002303/trtc_10q.htm
business is blüming!!!