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If you look at page 22 of the first qtr 10Q, it shows a 30% gross margin for hydroponic produce
I would think margins would improve dramaticly given Edible Gardens was given FREE MONTHLY CASH of 21,000 each month for nine months beginning a few months ago......
I could be wrong, but the latest financing is Magna at a 5% discount !!!!
Latest interview with CEO stated: He was comfortable with funding and if need be he has access to more........ He is a very aggressive CEO but given he JUST applied for a Maryland Location that I am sure requires up front $$$$...... funding is not an issue. Don't forget all revenue from IVXX can be legally pumped back into it......Last 90 days IVXX generated over 400,000 and an extraction machines is about 125,000 + or - .......
Looking forward to the Market understanding the true value of those licenses , which will cause the share price to increase overnite IMHO !!!!
"One cultivation license was recently on the block for about $4 million, according to industry experts interviewed by Marijuana Business Daily. Boyes said one company he spoke with said it is selling its dispensary license for $10 million"
https://mjbizdaily.com/lucrative-secondary-market-mmj-business-licenses-developing-nevada/
I believe Dennis C. could advise a more accurate timeline on the build out of the cultivation center as he monitored the build out in New Jersey....
Your correct, but I just got the update from the State of NEvada dated today !!!!!! and they state the date will not be enforce that May date. !!!! Great news !!!!
http://dpbh.nv.gov/Reg/MME/MME_-_Home/
Just open this link and download the letter dated Dec 8th. In the second to last paragraph, Mr Gilbert states clearly the date will not be enforced !!!!!
Last post of the day
Enjoy the ride.
My info comes from the State of Nevada website
"FINAL MME CERTIFICATES ISSUED, BY COUNTY"
http://mhds.nv.gov/MedicalMarijuana.htm
My research showed final certification is made by the County , not the State of Nevada. I seriously doubt TRTC will be denied an extension to build a 5 million dollar cultivation/production facility.
I agree 100%
"applicants receiving extensions today included 17 dual cultivation and production facilities"
http://lasvegassun.com/news/2015/dec/02/clark-county-zoning-commission-extends-time-frame/
Clark County Zoning Commission extends time frame for medical marijuana to open.
The applicants receiving extensions today included 17 dual cultivation and production facilities, 11 cultivation only facilities, seven dispensaries, one dual cultivation and dispensary facility and one independent testing lab
"One cultivation license was recently on the block for about $4 million, according to industry experts interviewed by Marijuana Business Daily. Boyes said one company he spoke with said it is selling its dispensary license for $10 million."
hmmm we have four licenses..... hmmmmmmm
Enjoy the ride.......
https://mjbizdaily.com/lucrative-secondary-market-mmj-business-licenses-developing-nevada/
NOt to worry my friends, DP has everything under control !!!
"A passage written into a ballot measure set to go before voters in November 2016 says only individuals or companies that hold medical marijuana establishment registration certificates will be allowed to even apply for rec permits for 18 months should the initiative pass.
That would give existing MMJ license-holders a huge head start on the new market."
They will activate their licenses on time as they have decided to lease within another "entity" till their build out is completed.
DP is very smart CEO
I appreciate your guidance, but again I ask !!!
Are these numbers negative ?
"Maybe the misinterpretation is due to not realizing numbers in parentheses on financial reports are negative numbers"
(Gain) loss on fair market valuation of derivatives
Page five , line three
http://ih.advfn.com/p.php?pid=nmona&article=69233695
Are these numbers negative ?
"Maybe the misinterpretation is due to not realizing numbers in parentheses on financial reports are negative numbers"
(Gain) loss on fair market valuation of derivatives
Page five , line three
http://ih.advfn.com/p.php?pid=nmona&article=69233695
Is the financial picture better or worst since Sept 2014?
Of the over 100 companies in the Marijuana Sector , how many are generating over 400,000 each quarter in revenue from the sale of Marijuana?
Answer : Terra TEch Corp aka TRTC
T he R oad T o C annabis
It is nice to be on the open road all by ourselves with the top down and the only site of competition is a puff of smoke way off in the distance from the rear view mirror.
Financial reports are important but only in the context of looking at them over a period of time. TRTC is a great example of a start up company that WAS heavy in debt and now had decreased that debt to a manageable amount. It is flawed to say the company has a loss of 6 million and not mention a year earlier that loss was three times that amount !!!!
Distractors will ignore questions such as :
Is the overall financial picture of TRTC improving or is their debt higher and increasing from Sept 2014 ?
I remember 2013 when revenue was only 500k and DP promised 7 million for 2014.... and guess what he hit that number , so there is a fulfilled promise.
I remember in 2014 DP promised to touch the plant.......and guess what we touch the plant with IVXX.
I remember in 2014 TRTC promised to get some Medical Marijuana licenses in Nevada.... and guess what it was a grand slam EIGHT OUT OF EIGHT 111
I remember DP promising to improve financing and guess what he did with a PPlacement of 2 million and replaced Dominion with a line of credit.
Enjoy the ride......
Well we know the Bonuses are coming.......so common sense says they will release the good news prior to the filings so they can sell into the run and everyone gets a nice bonus....
Oregon has a residency requirement, TRTC will just license the IVXX brand in Oregon and other similar states.......
Just as we predicted...... .1066 close in deep green
Consume wisely folks
TRTC is headed higher
Shareholder value = increased from ONE million to over FIVE MILLION
Read the 10Q and consume wisely.......
Here is an excellent example of a reversal of opinion from sell to strong buy. Welcome back to reality.
Well done ......... boots to the ground DD is the best !!!
TRTC losses are dramaticly falling to the point that the company will turn profitable in 2016.
Anyone that can read the 10Q clearly see the storm is over.
http://ih.advfn.com/p.php?pid=nmona&article=69233695
Everyone screamed about the SG& A expenses and now that they are under control.......no one mentions them......
No one mentions that the total liabilites have been cut in half !
No one wants to hear about shareholder equity increasing to over five million from one million.
Screams of the outstanding shares going over 350 million are mute as the number is still under 300 million , while our peers have a 5 billion share count.
No one wants to mention the revenue of over 400,000 in one quarter by IVXX...... why ????
Sad that the only dd they have is 18 months old and currently under civil litigation.
A prudent investor with common sense has to ask themselved, if TRTC is so bad..... why is it the most talked about company and trading in the millions of shares every day. Who wastes their time with a loser.......stock..... answer : NO ONE
Last post of the day
Enjoy the ride.....
There is no alternative to TRTC !!!
TRTC is #10 in the Marijuana Index
Distractors try to say TRTC is inferior, but links like the Marijuana Index show the real picture.
The Index is separated by those companies that report and those inferior companies that DO NOT report.
Of those 60 plus companies that report, TRTC is in the TOP ten and the only one in the top ten that sells marijuana in USA (IMHO)
http://marijuanaindex.com/stock-quotes/marijuana-index-us-reporting/
I have asked for months for others to offer an alternative stock and only one was offered and clearly doesn't not match up at all.
T he R oad T o C annabis
IMHO Mann suit started out with those saying Mann will own TRTC......and after years of litigation he agreed to an amount that was not material . Looking back at the creation of TRTC thru a shell company is no big deal. Happens all the time.
Mann is gone and the company is completely changed and about to become a Nasdaq stock.
IMHO Investors need to concentrate on the latest 10 Q which clearly explains the past and shows how dramaticly the company has turned around. There is nothing negative about TRTC except disgruntal employees and traders that allowed greed to overtake them.
"In addition to that in the third quarter we acquired two acres in Spanish Springs, Nevada which is in the Reno area for that 344,000 and in the fourth quarter MediFarm One Real Estate acquired a building and land in Reno for a 1,080,000. Terra Tech owns 50% of that. So as we go forward some of the lease cost will come down but they were all for the grow facilities, the labs and the dispensaries."
" But for brand expansion there are some areas where we can’t do business and you know Colorado at least at this point's a great example. Colorado they have a residency requirement. As a publicly traded company we can't actually own a business there and be in compliant with the meds. So places like that in Oregon and Washington, the places that residency requirements we're looking at doing some licensing deals. So we are in talks and negotiations with different entities in different marketplaces to make sure we get that broader brand expansion."
Mann was paid from petit cash draw.... 200,000 shrs
Stockholders’ equity for the third quarter of 2015 amounted to 5.1 million, an increase of 3.9 million compared to 1.2 million as of December 31, 2014. Total revenues generated from IVXX sales for the third quarter of 2015 totaled 420,000, a 229.5% increase from the second quarter of 2015.
" Terra Tech subsidiary IVXX will no longer be required to operate on a not-for-profit basis we are going to be able to operate as a for-profit entity. We think perhaps as early as 2016 we spoke to Bonta [ph], the office and that’s what they are going for us to file an amendment to make sure that we can operate as a for-profit sometime in 2016. We will make sure we keep everybody updated on the progress there."
http://seekingalpha.com/article/3677886-terra-techs-trtc-ceo-derek-petersonon-q3-2015-results-earnings-call-transcript?page=4
Terra Tech Enlists Public Affairs Firm to Secure New Jersey Medical Marijuana License
http://globenewswire.com/news-release/2015/08/05/758076/0/en/Terra-Tech-Enlists-Public-Affairs-Firm-to-Secure-New-Jersey-Medical-Marijuana-License.html
I was shocked to learn we will acquire a dispensary in New Jersey in 2016 !!!!!!
Projection on new revenue from State of Nevada for 2016 ?
Projection on revenue from Washington State for 2016 ?
Nice to know TRTC was and still is in Seattle Wa........
Terra Tech Subsidiary, GrowOp Tech, Expands Into the Washington Medical Cannabis Market
http://www.fool.com/investing/businesswire/2013/05/01/terra-tech-subsidiary-growop-tech-expands-into-the.aspx
TRTC has one of the lowest Auth Shares in the sector....