Thoughts from RT about the Blum merger. For those of you that think TRTC shareholders got screwed so insiders could enrich themselves let me give you my thoughts on it.
TRTC has been benefitting from DP's connection to Blum for the last couple of years. TRTC was awarded all 8 licenses they applied for in Nevada and in my opinion, there were two big keys that aided in their success. First, Edible gardens made it possible to stand head and shoulders above everyone else because they could demonstrate that they will be able to grow food grade cannabis while using less water, energy, and no pesticides. Secondly, the connections to Blum demonstrated that they were very capable of running successful and responsible cannabis businesses. So on the surface, it looks like we bought a building, but with Blum came so much more. A credibility that we've already been benefitting from the entire time. This intangible has benefitted us in the past and will continue to benefit us every time we try to expand the business. So we were buying more than a building. So I for one, do not think we got the short end of the stick.
I believe this merger is a pivotal event for enhancing shareholder value. For TRTC it is go time. For the last 20 months the share price has declined. As Sleek pointed out, Dominion had a vested interest in keeping the share price down. Well, for DP a lower share price of TRTC was actually good for him in this deal. He and the other sellers of Blum got far more shares of TRTC in the deal then they would have had the share price not declined to where it is. So even though I truly believe they wanted the share price to go up, it probably wasn't killing them that it didn't. But now that this deal is done, it will behoove all of them to get the share price up. That motivation will be very good for all of us investors.
The other nice thing about this deal is that there's no turning back now. DP didn't rush to do this deal because as long as Blum was not part of TRTC, it offered protection for TRTC so that they didn't get into any legal trouble. But now that they have one dispensary open, there's no reason for them not to have as many dispensaries as they can get. This deal has created the blue print for how they can go on an acquiring spree to get dispensaries. Offering a combination of cash and shares will be very enticing way to get dispensary owners to sell to TRTC. They will be able to offer deals that are win / win for both TRTC and the seller. Those are the best kind of deals.
With every dispensary TRTC acquires, they will be able to load it up with IVXX products, adding yet another benefit to the acquisition. As laws change to permit recreational use of mj, these dispensaries could end up being far more valuable than current purchase prices.
Lastly, as Sleek so masterfully pointed out, this acquisition does indeed give tremendous confidence to investors about TRTC. As Sleek said, the fact that the sellers gave away very tangible and profitable assets for mostly shares of a 9 cent stock sends a very clear message that those very close to this thing believe that this is a real and successful business that they think will increase in share price. The bigger we get, the more attractive it will become as an investment.
This is all just my honest opinion. Please form your own opinions about TRTC as an investment. I am very excited about this and hope you all are too. GLTA.
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