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Predictions be what they may...
Sleek had it at .73 back in ? That would be nice. I long for those days
Go TRTC...
single digits...lol
DP and TRTC in the news again...reporting again about SEC approval of S-1 for the raising of monies. The headline in the story highlights investment in the MJ industry.
source:
http://techcrunch.com/2015/01/08/new-funding-for-privateer-highlights-marijuanas-massive-market-in-the-u-s/?cps=gravity_1967_2453029660221926469
Lol...quack like a duck, walk like a duck...more than likely it's a duck.
Not much of a customer base to exploit in NV...less than 7,500 registered MM cards to date. Doesn't quite live up to the hype expressed by some on this board of upwards of 100 million a year in revs. So, not much of a chance for TRTC to do much but try and cover cost of operations let alone fund any new build out...at least this year.
Souce: http://mmjbusinessdaily.com/chart-of-the-week-explosion-of-the-nevada-medical-marijuana-market-with-dispensaries-on-horizon/
Seriously ...after giving up close to 50% of revs their won't be much room to float the boat let alone build any new ones
not much will change when licenses are granted.
The real bump or not will happen when rev come in...
So let predict that TRTC makes a 100mil....what would cause such a large percentage of revs to be given up?
...umm and please don't say the cost of doing business in NV or having local involvement...I mean REALLY why would a company give so much away? It's not like the 40% is paying for anything that has been stated in any matter...such as a press release or anything.
While I can't make any revs prediction on what Medifarm ran dispensary would bring in I do know that 40% of those revs will not be in their pocket.
Already read it and it is the reason for my original post. I see nothing there that is very comforting as an investor.
Have you seen the contracts...I haven't so how would we know?
That straight crap...Medifarm isn't a public compay. If not care to provide a link?
I agree TRTC is giving less than a majority of revs away. 40% ownership in a company isn't a majority.
Sure investors are tripping all over themselves to give money to a company who just took off the table almost half the revs in what is possibly TRTC most profitable venture yet...I can see it in the balance sheet....NOT!
The thing is TRTC didn't have local involvement when going in front of the CC commissioners. The partnerships were formed after and why in the hell would they give close to half of future revs for local involvement...That's a hell of a cost for doing business in CC.
I read that and even posted the link in my question...answers nothing and a majority is 51%
So, no response from any long on this? That is very concerning.
madness420 Thursday, 12/04/14 02:05:59 PM
Re: None
Post # of 94564
What did TRTC get in return for giving up such a large portion(-45%) of the revenues in Medifarm(s).TRTC put up millions to hopefully acquire state Licenses. How does giving away so much future revenue increase shareholder value? What did these partners do or going to do to justify giving them upward of 100m a year in revenues?
The only way that this would make sense is that these partners have agreed to fund all the costs of construction of the new facilities and if not who would ever fund TRTC moving forward knowing half of their future revenue is off the table?.
Anyone care to take a crack at this?
http://finance.yahoo.com/news/terra-tech-releases-financials-quarter-032124531.html
To compete successfully in the state it was important for us to align ourselves with locals who have some ownership of the MediFarm LLC's. We did not, however, want to give up the revenue and profit potential over the long run, so we swapped an initial equity distribution for Terra Tech to have the right to the majority of the revenue and net profits of the operations. This was a strategic move as we see significant growth in the state over the next several years," explains Derek Peterson CEO of Terra Tech.
MEDIFARM, MEDIFARM1, MEDIFARTM2
MEDIFARM-WE own 60% of the membership interests in MediFarm. The remaining membership interests are owned by Camden Goorjian (20%) and by Richard Vonfeldt (20%), two otherwise unaffiliated individuals.We expect MediFarm to operate medical marijuana cultivation, production and dispensary facilities in Clark County, Nevada and a medical marijuana dispensary facility in the City of Las Vegas.
MEDIFARM1-We own 50% of the membership interests in MediFarm I. The remaining membership interests are owned by Forever Green NV, LLC (50%), an otherwise unaffiliated entity. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm I to operate a medical marijuana dispensary in Reno, Nevada.
MEDIFARTM2-We own 55% of the membership interests in MediFarm II. The remaining membership interests are owned by Nevada MF, LLC (30%) and by Forever Green NV, LLC (15%), two otherwise unaffiliated parties. Upon receipt of the necessary governmental approval and permitting, we expect MediFarm II to operate a medical marijuana cultivation and production facility in Spanish Springs, Nevada.
I at a loss as to why a company would hamstring themselves in such a manner. There need to be much more transparency in this matter. I too find it odd that the partnerships weren't in place prior to the CC process...very fishy
What did TRTC get in return for giving up such a large portion(-45%) of the revenues in Medifarm(s).TRTC put up millions to hopefully acquire state Licenses. How does giving away so much future revenue increase shareholder value? What did these partners do or going to do to justify giving them upward of 100m a year in revenues?
The only way that this would make sense is that these partners have agreed to fund all the costs of construction of the new facilities and if not who would ever fund TRTC moving forward knowing half of their future revenue is off the table?.
Anyone care to take a crack at this?
http://finance.yahoo.com/news/terra-tech-releases-financials-quarter-032124531.html
To compete successfully in the state it was important for us to align ourselves with locals who have some ownership of the MediFarm LLC's. We did not, however, want to give up the revenue and profit potential over the long run, so we swapped an initial equity distribution for Terra Tech to have the right to the majority of the revenue and net profits of the operations. This was a strategic move as we see significant growth in the state over the next several years," explains Derek Peterson CEO of Terra Tech.
MEDIFARM, MEDIFARM1, MEDIFARTM2
MEDIFARM-WE own 60% of the membership interests in MediFarm. The remaining membership interests are owned by Camden Goorjian (20%) and by Richard Vonfeldt (20%), two otherwise unaffiliated individuals.We expect MediFarm to operate medical marijuana cultivation, production and dispensary facilities in Clark County, Nevada and a medical marijuana dispensary facility in the City of Las Vegas.
MEDIFARM1-We own 50% of the membership interests in MediFarm I. The remaining membership interests are owned by Forever Green NV, LLC (50%), an otherwise unaffiliated entity. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm I to operate a medical marijuana dispensary in Reno, Nevada.
MEDIFARTM2-We own 55% of the membership interests in MediFarm II. The remaining membership interests are owned by Nevada MF, LLC (30%) and by Forever Green NV, LLC (15%), two otherwise unaffiliated parties. Upon receipt of the necessary governmental approval and permitting, we expect MediFarm II to operate a medical marijuana cultivation and production facility in Spanish Springs, Nevada.
Qusetion answered:
http://ih.advfn.com/p.php?pid=nmona&article=64427031
We formed MediFarm, LLC, a Nevada limited liability company (“MediFarm”) on March 19, 2014. We own 60% of the membership interests in MediFarm. The remaining membership interests are owned by Camden Goorjian (20%) and by Richard Vonfeldt (20%), two otherwise unaffiliated individuals. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm to operate medical marijuana cultivation, production and dispensary facilities in Clark County, Nevada and a medical marijuana dispensary facility in the City of Las Vegas.
We formed MediFarm I, LLC, a Nevada limited liability company (“MediFarm I”) on July 18, 2014. We own 50% of the membership interests in MediFarm I. The remaining membership interests are owned by Forever Green NV, LLC (50%), an otherwise unaffiliated entity. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm I to operate a medical marijuana dispensary in Reno, Nevada.
We formed MediFarm II, LLC, a Nevada limited liability company (“MediFarm II”) on July 30, 2014. We own 55% of the membership interests in MediFarm II. The remaining membership interests are owned by Nevada MF, LLC (30%) and by Forever Green NV, LLC (15%), two otherwise unaffiliated parties. Upon receipt of the necessary governmental approval and permitting, we expect MediFarm II to operate a medical marijuana cultivation and production facility in Spanish Springs, Nevada.
Just How much of MediFarm is owned by TRTC, and how much is owed by locals, since it isn't a wholly own subsidiary according to this press release? What percentage of revenues is kept by TRTC? I can't seem to find out. I have left a message concerning this matter with investor relations and have yet to receive a response. Anyone have a clue. Big red flag?
http://finance.yahoo.com/news/terra-tech-releases-financials-quarter-032124531.html
To compete successfully in the state it was important for us to align ourselves with locals who have some ownership of the MediFarm LLC's. We did not, however, want to give up the revenue and profit potential over the long run, so we swapped an initial equity distribution for Terra Tech to have the right to the majority of the revenue and net profits of the operations. This was a strategic move as we see significant growth in the state over the next several years," explains Derek Peterson CEO of Terra Tech.
6 Licenses Price Predictions
Here are the rules:
The price you pick is your best guess for the maximum price TRTC will attain within 3 trading days after the press release that announces that TRTC gets 6 licenses.
So if press release occurs in premarket, that day counts as day 1.
For example, if press release occurs in premarket on a Monday, then you are guessing the maximum price that TRTC will hit thru the end of trading Wednesday.
If the press release occurs after the market close on Mondsy, then the close of trading on Thursday ends the contest.
If the press release occurs during the trading day, if it occurs before 1:00PM EST on Monday, then the contest ends at the close on Wednesday.
If the press release occurs during the trading day at 1:00PM EST or after, then the contest ends at the close of trading on Thursday.
To reiterate, this contest is about TRTC announcing they have procured 6 licenses in Nevada.
You only get one guess and you can't change it-
If you choose to participate in the contest, then add your prediction and repost this entire post. Cut and paste the entire post but add your prediction
madness420: .81
Doc k: .15
Infoseeker: .47
JMart22: .53
SSCadaver: .72
GreenGro: .74
senor_c: .78
JohnnyBlaze55: .80
Cbdpotential: .83
Skoman: .88
AlexSwiss: .97
Blakedog: $1.13
Tahoe74: $1.18
fatstaxx: $1.23
Jtyler1: $1.27
Joedenelly: $1.36 - 84,000 shares
Crystsl: $1.42
Fuzzychin: $1.45
Lax: $1.54
Fibro77: $1.63
hobowilly: $1.83
Greenjeans: $1.87
Jumbo: $1.99
On2_addict $2.00
MatthewMJ: $2.10
Tradescott818: $2.10
Sleek: $2.11
Eltatopr: $2.18
str8bettin: $2.32
32saorise32: $2.33
Dickybad: $2.80
RT: $2.81
bigdog121: $3.07
Allson: $4.20
Great post and even better analysis. The sector wide trashing has effected almost everyone involved. Not a fan of the some of the cheerleaders that post but this was no rah rah post....well done.
State of NV Medical Marijuana Stakeholders Public Hearing
BRIAN SANDOVAL
Governor
ROMAINE GILLILAND
Director
STATE OF NEVADA
RICHARD WHITLEY, MS
Administrator
TRACEY D. GREEN, MD
Chief Medical Officer
DEPARTMENT OF HEALTH AND HUMAN SERVICES
DIVISION OF PUBLIC AND BEHAVIORAL HEALTH
4150 Technology Way, Suite 100
Carson City, Nevada 89706
Telephone: (775) 684-3487 · Fax: (775) 684-4156
Medical Marijuana Stakeholders Public Hearing
Agenda
September 23, 2014
1:00 PM
This meeting will be video conferenced between the two locations above.
Dial In Option: TOLL FREE DIAL NUMBER: 1-877-336-1831; ACCESS CODE: 4722526
1. Opening Remarks
2. Public Comment. Discussion of Section 131 of Nevada Administrative Code 453A (LCB File No. R004-14A) regarding limiting the cultivation of medical marijuana and the square footage needed in Nevada. The Division’s calculations indicate that 650,000 to 1 Million square footage of medical marijuana cultivation would be needed to support the medical marijuana needs for the state of Nevada, including usage by nonresidents. This estimate also takes into account the inhalable, ingestible and topical usage of cannabis. The square footage identified in the cultivation establishment applications received by the Division exceeds the projected square footage needed by 2 – 3 times.
3. Adjournment
AGENDA POSTING LOCATIONS
Nevada State Division of Public and Behavioral Health (DPBH), 4150 Technology Way, Carson City
DPBH, 727 Fairview Drive, Suite E, Carson City
DPBH 1020 Ruby Vista, Suite 101, Elko
Nevada State Library and Archives, 100 Stewart Street, Carson City
Legislative Building, 401 S. Carson Street, Carson City
Grant Sawyer Building, 555 E. Washington Avenue, Las Vegas
Nevada State Division of Public and Behavioral Health web page: http://health.nv.gov
Nevada Public Notice Website: https://notice.nv.gov
In the event of videoconference technical difficulties, the meeting may be conducted by teleconference from the same locations. We are pleased to make reasonable accommodations for members of the public who are disabled and wish to attend the meeting. If special arrangements are necessary, please notify Pam Graber, Education and Information Officer, in writing at the Nevada Division of Public and Behavioral Health (DPBH), Medical Marijuana Program, 4150 Technology Way, Suite 100 Carson City NV 89706 or by calling 775-684-3487 before 3pm on Friday September 19, 2014.
Nevada State Legislative Building
401 S. Carson St, Room 2134
Carson City, NV 89701
Grant Sawyer State Office Building
555 E. Washington Ave., Room 4412
Las Vegas, NV 89101
Porter, LeVay & Rose
Investor Relations for TRTC
7 Penn Plaza
Suite 810
New York, NY 10001
212-564-4700
http://www.plrinvest.com
info@plrinvest.com
TRTC Investor Relations
7 Penn Plaza
Suite 810
New York, NY 10001
212-564-4700
http://www.plrinvest.com
info@plrinvest.com
maxxm, I wanted to apologize for spelling your name wrong, but I would really like to hear your thoughts on this.
Why doesn't DP just add Blum or Blum's money to this and assure the investors he is behind this company as some of the defenders of the status quo are.
I get it a very successful company (now) bleed cash for over ten years before turning a profit. Money was from a whole other planet and investors had put so much in already they couldn't/wouldn't handle a fail for lack of more money. Surly not our problem....though that would be nice
Maximum, Stock dilution is an economic phenomenon resulting from the issue of additional common shares by a company. This increase in the number of shares outstanding can result from a primary market offering (including an initial public offering)This is good dilution as it increases the PPS. If this is the good dilution you were referring to I agree, but that type of dilution is not what is happening here.
The bad dilution done by insiders and employees exercising stock options, or by conversion of convertible bonds, preferred shares or warrants into stock. for a whopping 20% of the float This dilution can shift fundamental positions of the stock such as ownership percentage, voting control, earnings per share, and the value of individual shares. A broader definition specifies dilution as any event that reduces an investor's stock price below the initial purchase price. While I agree conversion of stock to pay management is a good thing but not to the amount management did when revs are low and profit for them are almost zilch wasn’t so good.
DP already said it was a combination of cash and stock for the NB deal. I’m wondering how much stock he’s going to float the deal with and how much more that is going to effect my ops.
Before you go on about all the potential (I agree)
How companies need cash to operate (I agree)
Just what dilution is good to you in this situation where the result WILL effect my whole investment by 20%
MY apologies...investor relations was the proper avenue to place such a question. Never meant to imply that proper approval wasn't acquired, just that I couldn't find any with my searches and thought someone might know that was more familiar. I'm still hold on to what I've bought, no hidden agenda, just bad form in placing such a question on the boards.
Ziggy how did you get that I was asking about the unit? My question was plainly stated and WAS NOT the unit but about the co2 lab it will be operating in.
This is what I asked:
co2 Lab...So does anyone know if this lab TRTC is picturing has meet with proper approval of permits to operate a CO2 lab with bulk storage of co2 in accordance with local, state, Fed guide lines?
Ziggy please address this issue. or anyone who has the info please chime in
co2 Lab...So does anyone know if this lab TRTC is picturing has meet with proper approval of permits to operate a CO2 lab with bulk storage of co2 in accordance with local, state, Fed guide lines?
Special tank, equipment, and operations safety measures must be in place prior to any extraction processing.
IF no permits yet...revenues are still a ways off
Trying to reassure myself that all the ducks are in a row.
I agree...MMJ card hold's who are part of their states MMJ card holder registry and 'if' that registry database has online availability, which some don't for privacy concerns of the MMJ cardholder, will visit in larger numbers and probably more often. My number of '5x' the whole entire NV state MMJ registry was a random but somewhat reasonable figure of what to expect in increased demand.
The revenues per MME wouldn't in themselves be a reason to invest in TRTC even granting vertical integration, which NV seems to be leaning to for it's ability to track, tax, and regulate from seed to retail and the resulting limiting of competition. IT is the potential of revenues from legal Adult use in NV 'if' TRTC is granted a license to operate a MME that has me hedging my bet and investing.
Legal adult use of marijuana is a ways off...November of 2016 seems to be the it's first real opportunity to pass per this Las Vegas Review -journal piece.
http://www.reviewjournal.com/news/nevada-and-west/nevadans-wont-consider-marijuana-legalization-measure-until-2016
...so I see no major revenues in the near future but monster potential in a couple years. Reason enough for me to put some of my assets into TRTC.
That is truly a LONG statement...I'm in but I'll pull profit all aLONG the way.
So if you divide the Numbers of MMJ card holders(5859) in Nevada by the number of dispensaries (78) that equals to to an average of 77 costumers for each not factoring in where the reside.
A Nevada State MEDICAL Marijuana Holder may possess up to two and one-half ounces of of usable marijuana total in any 14-day period, so if we max each person out to the allowed limit:
1 person is able to obtain 26-2.5oz. buys in a year for a total of 65 oz or a bit over 4 pounds a year.
Now multiply that 4 pounds by the total number of Card Holders ( 5,859) that equals 23,436 lbs for the whole state. At a maxed out retail price of 8000$ a pound that is a total of revenue of $187,504,00 for in state revenue from existing card Holders.
Divide that $187,504,000 by the number of dispensaries (76) equally and the number is $2,467,157 per dispensary as an average.
Link: for above amount of Medical Card Holders: http://www.thedailychronic.net/2014/36381/174-applicants-vying-for-nevadas-76-medical-marijuana-dispensaries/
Factoring in other states that have a reportable MMJ registry that allow there card to be verified, thus obtain MMJ in Nevada while visiting by say 5x and TRTC’s production from one cultivation MME exceeds that by far. IF there is more than one….which there likely be who are ‘they’ going to sell it to?
Betting on Medical Marijuana and the revenues produced isn’t going to make anyone rich. Legalization of adult use of Marijuana is the only way that TRTC will generate enough revenue to be truly profitable in NV
Food for thought...NV received 370 MME applications on Monday 8/17/14 expects up to 500 once mailed in apps have been counted. 66 actual dispensaries with an ‘unspecified' number of cultivation centers, testing labs and production facilities needed to supply these dispensaries. Herein lies a quandary.....how many MME's are need to supply those dispensaries?
1 cultivation facility of 50,00 square feet minus walking space for tending crops, given that each square yard (9sqft.) can produce 1 pound of product (low ball figure that amateurs can pull easily) thats 5000lbs of product every 10 to 12 weeks, strain dependent.
So how many cultivation MME’s are needed? 10?...with a combined yearly output of 200,000 lbs/100,00 tons or roughly 90,800,000 1gram joints.
More? say 20, so double the above numbers…200,000 tons produced. Now just how many MEDICAL card holders are in NV and visitors with MEDICAL cards??????...that a lot of MM.
Lots of cheerleaders here. While I agree that TRTC is well positioned to receive a license there are only so slots to fill. With the state board doing background checks on all applicants some of the luster that TRTC has is tarnished a bit with past and current SEC violations. Makes me wonder IF TRTC will make the cut given the many applicants applying.
I keep hearing that TRTC can grow MMJ in NV
TRTC is not able to grow MMJ in NV as they only have a permit from the local gov to do so, not the state which has yet to approve anyone with a license to grow. A much truer statement would be TRTC is well placed to get state approval.
While I wish TRTC gains a state license, anyone saying that they can grow at this time is making a false statement
Email from The Nevada Medical Marijuana Program Team
Date 8/12/2014
Attention ALL MME Applicants,
The deadline for submitting applications to the Division for a certificate to operate a Medical Marijuana Establishment in the State of Nevada is Monday, August 18, 2014, at 5:00 P.M.
Applicants are strongly encouraged to submit their applications this week to avoid standing in line for extended periods of time. There is no advantage to holding your application for submission on the last day.
What if I have already received approval from the local government?
Even if you have received approval from a local government jurisdiction related to land-use, zoning, special use permits, and business licensing, you must file your application with the Division to be considered for a certificate to operate an MME. These are two separate and distinct processes. If you do not file an application with the Division, you will not be able to operate an MME in the State, regardless of local governmental approval.
Thank you,
The Nevada Medical Marijuana Program Team.