Clark County: Cultivation guaranteed Production guaranteed
The amount of weed needed to supply The Strip is simply massive. Everybody that has a pulse will be given a license. If the state does cut anybody, it will not be TRTC as their specialty is cultivation. Since production is tied to cultivation, that is in the bag.
Dispensary: I always see 81 or 79 applications for 18 spots -- 1 dispensary awarded for every 3.5 applicants or 29% This is correct but incomplete. The reality is that TRTC applied for a dispensary in Paradise Township. In Paradise Township, there were 48 applicants for only 7 spots -- 1 dispensary awarded for every 7 applicants or 15% -- this was, by far, the most competitive Township because it sits right near The Strip. TRTC made it to the final round of selection, and with 1 spot left, there were a total of 7 applicants remaining, including TRTC. What that means is that out of the 48 applicants, TRTC was among the top 13. So 35 of the 48 applicants for a dispensary in Paradise Township were knocked out before the final round and TRTC was not. The bottom line is that if any of the 7 applicants who were given permits by the Clark County Commission are ranked lower than TRTC by the state of Nevada, then TRTC has an excellent shot of grabbing a license.
There is another caveat, and that is the tortious interference that occurred with the Commissioners being bombarded with slanderous information by hedge funds that were shorting TRTC at the time.
Here is an excerpt from an article in the Review Journal about this: MediFarm LLC didn’t get a dispensary license, but the company did win commissioners’ unanimous support Tuesday for a growhouse and bakery permit.
If not for a 15-page “hit piece” aimed at its management, MediFarm executive Derek Peterson believes his company would have made it a clean sweep.
Peterson, a former Wall Street investment banker and the CEO of MediFarm parent company Terra Tech Corp., said at least one county commissioner opposed his dispensary bid after reading a scathing blog post about Terra Tech on the stock market blog Seeking Alpha.
The article’s anonymous author suggested the company could be complicit in a complex scheme meant to unjustifiably enrich its executives. The author also disclosed holding a short position in Terra Tech stock, meaning he or she would profit if the value of the stock falls.
The blog post, published just hours before county commissioners kicked off a first round of hearings on the city’s pot shop applicants, lambastes company executives and former business partners for past run-ins with securities fraud investigators and bankruptcy court judges.
The company’s stock took a 26 percent nosedive just hours after it was announced MediFarm had lost its Southern Nevada pot shop bid.
“I’ve never seen anybody try and get in front of business being done like that,” Peterson said. “I just don’t know what other motivation they would have except being short (on company stock).
“I’ve had one commissioner tell me that they pulled a vote because of this information. … It’s disappointing, but I think most people know who the victim is here.”
And for all those who keep saying that lawsuits and bankruptcies from 4 years ago will affect TRTC's chances, this is complete fabrication -- it will have ZERO effect.
Williams said the state will look at applicant disclosures, and any information the state receives will need to be verified from publicly available information, regardless of its source. Factors such as past bankruptcies and lawsuits aren’t disqualifiers under the state law, which requires a background check showing no felony convictions.
The facts are that many of the applicants who were awarded a permit by the Clark County Commission have both lawsuits and bankruptcies in their application -- both events are very common occurrences in business.
Las Vegas: Dispensary
TRTC applied for a dispensary ONLY, because they already know that their Clark County Cultivation and Production facility, that received a permit from the Clark County Commission, will get a license from the state of Nevada and this facility will supply their Las Vegas dispensary with weed. So they don't need another cultivation/production facility in this area of Nevada.
Here is why I think the Las Vegas Dispensary may already be in the bag:
Clark County screwed up, and Las Vegas is the make-up call.
My take: The Clark County commission knows they did wrong by TRTC and the community outrage at their poor judgment together with TRTC's political connections have all synergistically resulted in a virtual guarantee of a Las Vegas Dispensary.
Reno: Cultivation Production Dispensary
Reno is far less competitive than both Clark County and Las Vegas.
If they are getting a license to operate a Las Vegas dispensary from the state of Nevada, then it is virtually guaranteed that they should receive a dispensary license in Reno.
Vertical integration is preferred by the local and state government, since it allows control from seed to sale. Therefore, cultivation and production in Reno are virtually guaranteed if TRTC is chosen for a dispensary license, but even without the dispensary in Reno, they will be awarded cultivation and production.
The problem I see with the Reno dispensary is that if TRTC was given a Reno dispensary, then they would have a dispensary mini-monopoly in Nevada. Ultimately, I think they get 2 out of 3 dispensaries, so if they do get the Clark County dispensary, then it becomes less likely they will get Reno and vice versa.
Here is the summary of my breakdown:
TRTC is applying for a total of 8 licenses. I think they have a fantastic shot at receiving cultivation and production in Clark County and a dispensary in Las Vegas. That is 3 licenses right there.
Reno is far less competitive compared to Clark County and Las Vegas. So it stands to reason they will be granted cultivation and production in Reno. That is 5 licenses.
The 2 licenses which are less certain are the dispensaries in Clark County and Reno.
So I believe that they will get 5 licenses with a pretty good shot at 6 (Clark County dispensary) and a decent shot at 7 (Reno dispensary).
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