Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
just noticed some updates on the EG website
https://www.ediblegarden.com/our-farmers
Fresh2o Growers
http://4pfoods.com/fresh2o-growers-stevensburg-va/
Old Souls Farms
http://www.oldsoulsfarm.com/#thegreenhouse
Rocket Farms
http://www.rocketfarms.com/
business is blüming!!!
and what it is...
total bs that's what. that PandaPoo hit piece has been proven to be baseless. As a matter of fact that lawsuit it talks about (schawk usa vs terra tech) has even been "dismissed with prejudice" by the judge. In other words Schawk usa was laughed out of court (so to speak) with prejudice.
business is blüming!!!
Executive compensation remix...
Derek Peterson Total Compensation
-0- for 2012
-0- for 2013
518,765 for 2014
130,750 for 2015
215,252 for 2016
360,777 for 2017
Michael Nahass Total Compensation
-0- for 2012
-0- for 2013
1,272,415 for 2014
170,500 for 2015
296,570 for 2016
339,917 for 2017
Michael James Total Compensation
-0- for 2012
-0- for 2013
687,981 for 2014
536,630 for 2015
1,006,608 for 2016
1,372,713 for 2017
business is blüming!!!
should also keep in mind the "one time" expansion expenses. like pursuing new licenses in nj, for instance, the high costs of putting together a detailed application and everything that goes along with it not to mention the licensing / application fees - not only in one State but THREE. One should also keep in mind trtc is making around 3 million a month (roughly) 36m+ last year / 12 months in a year = 3 million.
yeah, these one time expenses will pay-off big.
business is blüming!!!
the "UNEDITED" full transcript Q2 2018
After AC noticed the transcript posted and stickied was edited I did a side by side comparison between the two, the transcript that has been "stickied" and the transcript on the sec website. The one that has been "stickied" is missing numerous paragraphs. I'm sure that leaving out key information for investors, like that site often does, was just a typo or maybe an oversight by the posters. Surely no one would try and do that thing on purpose.
the COMPLETE conference call transcript
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003921/trtc_ex992.htm
can also be found here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143216673
business is blüming!!!
a little refresher
Cliff Notes for '17 Q2 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539026
Cliff Notes for '17 Q3 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539250
Cliff Notes for 2017 Annual Report CC (never quite finished)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140536932
Transcript of the Annual Report CC
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
Cliff Notes for '18 Q1 (in process)
26.2% increase in revenue y/y
cannabis sales increased over 24.2%
edible garden sales increased 40%
gross profit margins increased 358.8%
stockholders equity increased to 85.7 million
no short term debt
Cliff Notes for '18 Q2 (in process)
we generated revenues of $8.72 million, compared to $7.84 for the three months ended June 30, 2017, an increase of $880,000 or 11.2%
Our gross profits for the three months ended June 30, 2018 was $2.21 million compared to a gross profit of $1.51 million for the three months ended June 30, 2017, an increase of approximately $700,000. A gross profit margin percentage for the three months ended June 30, 2018 was $25.3 million, compared to $19.2 million for the three months ended June 30, 2017.
Selling, general and administrative expenses for three months ended June 30, 2018 were $8 million, compared to $6.03 million for the three months ended June 30, 2017, an increase of $1.97 million or 32.7%.
We realized an operating loss of $5.79 million for the three months ended June 30, 2018, compared to an operating loss of $4.52 million for the three months ended June 30, 2017, an increase of approximately $1.27 million or 28.1%.
On June 30, 2018, we had a cash balance of approximately $5.2 million, compared to a cash balance of approximately $5.4 million at December 31, 2017.
We had no short-term debt as of June 30, 2018.
Long-term debt increased from approximately $6.6 million to approximately $12.8 million during the three months ended June 30, 2018.
Stockholders’ equity for the second quarter 2018 amounted to approximately $91 million, compared to $76.8 million as of December 31, 2017.
As of August 9, 2018, the company received $15 million under its $40 million line of credit commitment.
business is blüming!!!
Shareholders Enrichment Scheme
I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...
Share lock up agreements
Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm
Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm
Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm
Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm
Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm
DP on lock-up agreements
"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.
So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.
And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.
I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.
So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.
So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.
But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.
And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.
I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
meanwhile...
business is blümming!!!
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 70.85 million (end of Q2), (8/6 - 72,189,614)
* 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 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
business is blüming!!!
Panther Gap Farms delivers again and again?
”…On May 24, 2017, we announced the launch of a new “Craft Cultivation” model to expand our cultivation capabilities and the signing of our first “Craft Cultivator” in Northern California under the name Panther Gap Farms. This farm, which is approved for up to one full acre (approximately 44,000 square feet) of cannabis cultivation and uses 22,000 square feet of engineered greenhouse space, is estimated to yield approximately one metric ton of our proprietary high grade “IVXX” cannabis on an annual basis….
”…During the year ended December 31, 2017, we purchased 2,000 pounds from this cultivator...”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
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
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
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!!!
Humboldt County - America's Marijuana Capital!
"...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
"...Northern California is, hands down, the cannabis capital of the world, and with 20 years of dipping their toes in regulations behind them, the Bay Area and Emerald Triangle are ready for the post-prohibition era..."
https://www.freedomleaf.com/cannabis-innovations-northern-california/
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!!!
rapid expansion
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
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
continuing its rapid expansion...
"...the company just announced that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. According to the release, “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 company operates through multiple subsidiary businesses, including Blum, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology.
"Blum’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blum offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations...."
"...“We are pleased to have leveraged our know-how and experience in the Santa Ana market to secure this retail permit with The Healing Tree Collective, without needing to expend significant time or resources to do so. As the cannabis market continues to mature we expect these permits to become more valuable. We believe that maximizing our first mover advantage by securing a stake in this permit may lead to additional revenue opportunities in the medium and longer term.”..."
"...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!!!
hegenberger getting closer and closer...
"...Oakland: Terra Tech is constructing a 13,000-square-foot cultivation facility which has the capacity to produce up to one metric ton, or 2,000 pounds, of cannabis per year. The facility received its provisional cultivation permits in Q2 2017 and is expected to be fully operational by mid-2018. The Company has also operated its Blüm, Oakland dispensary since April 2016..."
https://www.terratechcorp.com/news-media/press-releases/detail/219/terra-tech-corp-reports-record-revenues-for-year-end
"...“This new facility will bring scale to our cannabis production capacity,” Derek Peterson, Terra Tech’s chief executive officer, told the Mercury-News.“We expect our expanded capacity to drive sales of our IVXX premium cannabis products in California, which is our leading market, as demand continues to strengthen.”..."
https://www.bizjournals.com/sanfrancisco/news/2017/03/10/oakland-pot-cultivation-center-terra-tech.html
business is blüming!!!
nj attracts multi-state businesses
https://mjbizdaily.com/new-jersey-medical-cannabis-expansion-attracts-multistate-mmj-businesses/
list of applicants - (MediFarm NJ)
https://nj.gov/health/medicalmarijuana/documents/August2018ApplicantList.pdf
business is blüming!!!
more on cali
https://mjbizdaily.com/california-marijuana-notebook-seeking-permanent-relief-from-licensing-headaches/
senate bill 1459
http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180SB1459
business is blüming!!!
seven "don't knows" for cali
https://www.cannalawblog.com/top-seven-deadly-dont-knows-for-california-cannabis-businesses/
business is blüming!!!
subject to the approval of the state of NV, sooo ???
To be clear, trtc owns 98% of blüm/western so that 6.25 Million is actually 6.125 Million plus Inventory to trtc shareholders.
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003475/trtc_8k.htm
business is blüming!!!
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.
I think this part is particularly hilarious...
"...The VandeVredes are seeking, among other things, a declaratory judgement that the they did not violate their fiduciary duties owed to the Company or Edible Garden and reinstating the VandeVredes to their status with the Company and Edible Garden prior to their suspensions..."
lol, they ALL want their jobs back... bwaaahaaahaahaahaha...
maybe the vv's haven't realized it yet or maybe they have... but ain't nobody out there going to want to do business with back stabbing opportunists like them, lol.
business is blüming!!!
the "UNEDITED" full transcript Q2 2018
After AC noticed the transcript posted and stickied was edited I did a side by side comparison between the two, the transcript that has been "stickied" and the transcript on the sec website. The one that has been "stickied" is missing numerous paragraphs. I'm sure that leaving out key information for investors, like that site often does, was just a typo or maybe an oversight by the posters. Surely no one would try and do that thing on purpose.
the COMPLETE conference call transcript
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003921/trtc_ex992.htm
can also be found here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143216673
business is blüming!!!
Shareholders Enrichment Scheme
I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...
Share lock up agreements
Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm
Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm
Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm
Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm
Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm
DP on lock-up agreements
"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.
So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.
And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.
I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.
So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.
So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.
But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.
And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.
I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
meanwhile...
business is blümming!!!
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 70.85 million (end of Q2), (8/6 - 72,189,614)
* 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 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
business is blüming!!!
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
more on seed 2 sale
"...So, we’ve been pretty much a pure retail play and now we’re building our manufacturing infrastructure into the retail footprint. We’re going to continue to grow the retail footprint, but most of the product that we purchased is coming from the wholesale market and with the Dyer property, with the Hegenberger property, with 130 lights coming online at the onsite grow, plus the extraction facilities we’re going to be able to accommodate close to 50% of our own product from our own footprint.
the margin expansion that we’re going to anticipate associated with that should be significant and severe we’re pretty excited about the opportunity to ramp that up. We’re obviously also going to use that infrastructure for this continued development of our wholesale brand and to push that product out into the open marketplace. but again, the lowest hanging fruit for us is to utilize as much of that product as possible to push through our own retail channel for the margin expansion.
And it give me kind of an understanding of that, wholesale flour right now ranges anywhere from say, 1,800 to 3,000 for really good teak providers a pound. the cost of cultivation should be about 600 or 700 a pound for indoor cultivation, greenhouse 300, outdoor 100 in change. So, there’s a significant opportunity for us to get massive gross margin expansion once we light these facilities up, we’re excited about the one in Nevada coming online, the 30,000 square foot one, the extraction facility will be online in the not-too-distant future and over the next 12 to 16, 18 months, we’re going to start lighting up all this infrastructure.
the first being the onsite grow at Blüm in Hegenberger to support the retail footprint and then of course, the Dyer property and the extraction facilities coming on the tail end of that too, again add additional products for our seed-to-sale vertical integration strategy. So, we should see great gross margin improvement just organically off the permitted footprint that we have right not notwithstanding any other permits that we get organically or potential acquisitions that may take place.
So, our investment and infrastructure both on the retail and cultivation sides of the business, that’s really what’s going to enable us to maintain our position as one of the largest players in the market right now..."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003921/trtc_ex992.htm
business is blüming!!!
Will Panther Gap Farms deliver again?
”…On May 24, 2017, we announced the launch of a new “Craft Cultivation” model to expand our cultivation capabilities and the signing of our first “Craft Cultivator” in Northern California under the name Panther Gap Farms. This farm, which is approved for up to one full acre (approximately 44,000 square feet) of cannabis cultivation and uses 22,000 square feet of engineered greenhouse space, is estimated to yield approximately one metric ton of our proprietary high grade “IVXX” cannabis on an annual basis….
”…During the year ended December 31, 2017, we purchased 2,000 pounds from this cultivator...”
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001325/trtc_10k.htm
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
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
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!!!
Humboldt County - America's Marijuana Capital!
"...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
"...Northern California is, hands down, the cannabis capital of the world, and with 20 years of dipping their toes in regulations behind them, the Bay Area and Emerald Triangle are ready for the post-prohibition era..."
https://www.freedomleaf.com/cannabis-innovations-northern-california/
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!!!
rapid expansion
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
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
continuing its rapid expansion...
"...the company just announced that it has secured a 25% ownership stake in The Healing Tree Collective, Inc., a cannabis dispensary operator based in California. According to the release, “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 company operates through multiple subsidiary businesses, including Blum, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology.
"Blum’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blum offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations...."
"...“We are pleased to have leveraged our know-how and experience in the Santa Ana market to secure this retail permit with The Healing Tree Collective, without needing to expend significant time or resources to do so. As the cannabis market continues to mature we expect these permits to become more valuable. We believe that maximizing our first mover advantage by securing a stake in this permit may lead to additional revenue opportunities in the medium and longer term.”..."
"...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!!!
closer and closer to opening.
"...Oakland: Terra Tech is constructing a 13,000-square-foot cultivation facility which has the capacity to produce up to one metric ton, or 2,000 pounds, of cannabis per year. The facility received its provisional cultivation permits in Q2 2017 and is expected to be fully operational by mid-2018. The Company has also operated its Blüm, Oakland dispensary since April 2016..."
https://www.terratechcorp.com/news-media/press-releases/detail/219/terra-tech-corp-reports-record-revenues-for-year-end
"...“This new facility will bring scale to our cannabis production capacity,” Derek Peterson, Terra Tech’s chief executive officer, told the Mercury-News.“We expect our expanded capacity to drive sales of our IVXX premium cannabis products in California, which is our leading market, as demand continues to strengthen.”..."
https://www.bizjournals.com/sanfrancisco/news/2017/03/10/oakland-pot-cultivation-center-terra-tech.html
business is blüming!!!
the "UNEDITED" full transcript Q2 2018
After AC noticed the transcript posted and stickied was edited I did a side by side comparison between the two, the transcript that has been "stickied" and the transcript on the sec website. The one that has been "stickied" is missing numerous paragraphs. I'm sure that leaving out key information for investors, like that site often does, was just a typo or maybe an oversight by the posters. Surely no one would try and do that thing on purpose.
the COMPLETE conference call transcript
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003921/trtc_ex992.htm
can also be found here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143216673
business is blüming!!!
great info dd8!
I'll look for a link (when I get a chance) and post it. DP did state in the virtual investors conference call that they had secured property on Fremont Street. Getting back around a 400% return for shareholders and trading up an underperforming disp on Western for a spot on the strip, boom, looks like another great move by trtc.
https://vegasexperience.com/
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 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, Operational
*** 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!!!
also mentioned they secured property on freemont st
* In nj the State is broke down into 3 regions - Northern, Central and Southern
https://www.nj.gov/governor/news/news/562018/approved/20180905a.shtml
business is blüming!!!
I find it rather telling that just the other day it has been argued that trtc doesn't have the cultivation expertise to grow any quality herb and now the same misguided agenda driven folks are claiming anybody can grow quality herb. (giggling to myself)
lighting is critical. In spectrum (type), frequency, intensity and timing.
nutrients are critical. In amounts of each (npk + micros) at specific times during the different growth phases.
oxygen and co2 levels are critical
flushing is critical.
drying / curing and processing are critical.
... just to name a few
I believe what they may be referring to is known throughout the industry has "ditch" weed. Yes, anybody can grow ditch weed, just take a handful of seeds and throw them into a ditch in the springtime and come back 4 or 5 months later to see what they look like.
business is blüming!!!
Awesome Sauce!!!
trtc posted this on fb back in may
looks a lot like the "vertus" brand
http://tarukino.com/drink-vertus
business is blüming!!!
who's your daddy???
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.
I think this part is particularly hilarious...
"...The VandeVredes are seeking, among other things, a declaratory judgement that the they did not violate their fiduciary duties owed to the Company or Edible Garden and reinstating the VandeVredes to their status with the Company and Edible Garden prior to their suspensions..."
lol, they ALL want their jobs back... bwaaahaaahaahaahaha...
maybe the vv's haven't realized it yet or maybe they have... but ain't nobody out there going to want to do business with back stabbing opportunists like them, lol.
business is blüming!!!
the "UNEDITED" full transcript Q2 2018
After AC noticed the transcript posted and stickied was edited I did a side by side comparison between the two, the transcript that has been "stickied" and the transcript on the sec website. The one that has been "stickied" is missing numerous paragraphs. I'm sure that leaving out key information for investors, like that site often does, was just a typo or maybe an oversight by the posters. Surely no one would try and do that thing on purpose.
the COMPLETE conference call transcript
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003921/trtc_ex992.htm
can also be found here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143216673
business is blüming!!!
trtc begins cultivation in NV!!!
it's been over a hundred days since seeds were planted. I wouldn't be surprised a bit if the first "batch" is already in the drying room.
"...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!!!
a little reminder
Cliff Notes for '17 Q2 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539026
Cliff Notes for '17 Q3 CC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140539250
Cliff Notes for 2017 Annual Report CC (never quite finished)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140536932
Transcript of the Annual Report CC
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
Cliff Notes for '18 Q1 (in process)
26.2% increase in revenue y/y
cannabis sales increased over 24.2%
edible garden sales increased 40%
gross profit margins increased 358.8%
stockholders equity increased to 85.7 million
no short term debt
Cliff Notes for '18 Q2 (in process)
1) we generated revenues of $8.72 million, compared to $7.84 for the three months ended June 30, 2017, an increase of $880,000 or 11.2%
2) Our gross profits for the three months ended June 30, 2018 was $2.21 million compared to a gross profit of $1.51 million for the three months ended June 30, 2017, an increase of approximately $700,000. A gross profit margin percentage for the three months ended June 30, 2018 was $25.3 million, compared to $19.2 million for the three months ended June 30, 2017.
3) Selling, general and administrative expenses for three months ended June 30, 2018 were $8 million, compared to $6.03 million for the three months ended June 30, 2017, an increase of $1.97 million or 32.7%.
4) We realized an operating loss of $5.79 million for the three months ended June 30, 2018, compared to an operating loss of $4.52 million for the three months ended June 30, 2017, an increase of approximately $1.27 million or 28.1%.
5) On June 30, 2018, we had a cash balance of approximately $5.2 million, compared to a cash balance of approximately $5.4 million at December 31, 2017.
6) We had no short-term debt as of June 30, 2018.
7) Long-term debt increased from approximately $6.6 million to approximately $12.8 million during the three months ended June 30, 2018.
8) Stockholders’ equity for the second quarter 2018 amounted to approximately $91 million, compared to $76.8 million as of December 31, 2017.
9) As of August 9, 2018, the company received $15 million under its $40 million line of credit commitment.
business is blüming!!!
109,791,013 in shareholders equity... (end of Q2)
what does trtc have to show for their hard work and dedication???
not much, lol
TRTC Current Holdings and Activities - Updated 7/29/2018
** California Dispensaries
* Blüm/Oakland Dispensary, 578 West Grand Avenue, Oakland, CA 94612, Dispensary, Cultivation 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, Operational
*** 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!!!
Shareholders Enrichment Scheme
I hope that trtc is an "insider enrichment scheme" like so many have erroneously claimed. Since the insiders are all in the same boat as shareholders that would make trtc a "Shareholders Enrichment Scheme". After all if A = B and B = C then A = C (according to the transitive property of equality). Wouldn’t everyone agree? Oh wait a minute, facts don't care if anybody agree's or not, they just are...
Share lock up agreements
Derek Peterson - CEO and Chairman
https://www.sec.gov/Archives/edgar/data/1451512/000147793217006160/trtc_8k.htm
Alan Gladstone - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000223/trtc_8k.htm
Michael James - CFO
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000297/trtc_8k.htm
Michael Nahass - President, COO, Director, Secretary and Treasurer
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000486/trtc_8k.htm
Steven Ross - Director
https://www.sec.gov/Archives/edgar/data/1451512/000147793218000541/trtc_8k.htm
DP on lock-up agreements
"Yeah, we signed lockups. Everybody signed them at a little bit of a different time. So I think I signed mine in December. Some signed in January, and that type of thing. So it was a 12-month lockup. Just promising to our shareholders we wouldn’t liquidate any of our Terra Tech stock in that timeframe. And so, yeah, we’re committed to that. That won’t be something that we alleviate from because we think this is a big year for growth for us.
So I’m looking at it from selfish standpoint. I’m looking at it from the perspective of I see what’s happening with Kronos. I see what’s happening with these other Canadian companies that are trading with these multibillion dollar market caps with a revenue base and an asset base that’s nowhere near what we have. And I think a lot of that overhang is due to the federal issues, and the dichotomy between state and federal law.
And so, you know, you’ve seen sales from insiders over the history, and we’ve done that for all different purposes. You know, what I hope our shareholders understand in the past when we’ve had to sell, whether it’s for phantom income taxes, other taxes, or just general security, we work in an environment where we’re personally affected by the job that we do.
I’ve lost my personal bank accounts. I’ve lost my ability to get insurance. I’ve lost – you know, we’ve lost our kids’ college savings plans. We’ve been kicked out. Our retirement plans have been kicked out. I mean, I’ve had credit cards shut down on me, banking institutions shut down on me, personally. Forget the company for a standpoint. And I can tell you most of our officers and directors have experienced the same thing.
So the operation in this space comes at a personal cost. You know, that and scrubbing it against the reality of we could wake up one morning – I don’t think it’s gonna happen, but we certainly could wake up one morning, and the federal government could change its stance on the industry, get far more aggressive. We’ve seen some shots across the bow, and for all practical purposes, they could make an attempt to shut the industry down.
So we’ve all got children, and we’re all human beings at the same time. And we all need to make sure we’ve got some money in the bank so we can feed our family in the case that something like that happens. It’s outside the scope of anything that we could have gauged for, and certainly not something that we brought on. So for all practical purposes, we could be executing with perfection, but the opportunity could be stripped away from us. And we’ve seen it happen in gaming, you know, online gaming, you know, from a legislative or regulatory change.
But our commitment was we want to make sure we don’t sell any stock over the next 12 months. Our commitment to the shareholders on a lot of different things that we’ve done in the past is to align ourselves from that same standpoint. We experienced the reverse just the same as every other shareholder experiences the reverse. But I’m in this for the potential up listing downstream.
And, you know, having worked in Wall Street for ten years, and Mike had worked there for 15-17 years, you know, I know it’s a matter of time before that opportunity is available to us. And I know that opportunity should come with a significant opportunity for market cap expansion over where we are now in this illegal federal environment on the OTC. And so that just put us in the position to kind of save this opportunity for downstream.
I don’t know if it’s gonna happen in 12 months, but we are certainly positioning ourselves for that. And like I said before, the analogy is I want to make sure we’re standing on the front door with our tuxedo when the door opens for the party. I don’t want to be at home still getting ready, which was the catalyst for the reverse along with some other things, and it was the catalyst for the lockup."
https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm
meanwhile...
business is blümming!!!
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 70.85 million (end of Q2), (8/6 - 72,189,614)
* 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 68.7 million (end of Q2)
Total revenue 17,333,543 (end of Q2)
Total Liabilities and Stockholders’ Equity 109,791,013 (end of Q2)
https://www.sec.gov/Archives/edgar/data/1451512/000147793218003910/trtc_10q.htm
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
”…has exceeded even their highest expectations, with sales and tax collections already surpassing year-end projections by 25 percent…”
https://www.reviewjournal.com/news/pot-news/marijuana-sales-in-1st-year-exceed-expectations-in-nevada/
"...which projects recreational sales will reach $500 million-$600 million in calendar year 2018..."
https://mjbizdaily.com/red-hot-nevada-marijuana-market-exceeds-half-billion-dollars-for-fiscal-year/
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