THE TRUTH ABOUT TRTC
Here are the major accomplishments and milestones achieved:
2012: Birth... Nothing material happened
2013: Edible Garden acquisition gives them access to a hot sector of the agricultural economy, revenue, assets, a method to grow marijuana in the future and a story to tell the market about how it can become a marijuana company in the future.
Sector DEAD
2014: Edible Garden grew revenue from $2M to $7M
TRTC awarded 4 provisional dispensary licenses, 2 cultivation licenses, and 2 production licenses in the state of Nevada.
Decision was made to touch the plant.
Sector was manic from January to March, with the formation of an immense bubble filled with hype about the glorious future of MJ stocks.
The bubble popped in April and the rest of the year saw a sustained selloff in MJ stocks, including TRTC.
2015: Edible Garden's growth continued at a slower pace, as revenue grew to $9M
IVXX, TRTC's brand of cannabis was launched, in the form of wax and shatter sold to dispensaries in California.
First 6 months of year saw minimal growth of IVXX with addition of 11 dispensaries, while last 6 months saw an acceleration of sales as IVXX added another 150-200 dispensaries.
IVXX earned about $2M in revenue in its 1st year of business.
1st round of private placements for $2M at .14
4 dispensary licenses, 3 in Las Vegas (with 2 located on the strip) and 1 in Reno were finalized.
PR/IR firm hired.
An independent director was added.
Announcement of long-term goal of Nasdaq uplisting.
Shareholder equity surpassed $5M in Q3, the most difficult criteria to meet for an uplist to the Nasdaq.
Toxic debt decreased every quarter as Dominion converted debt into shares.
Sector continued its downward slide throughout 2015, with most MJ stocks reduced to their 2013 lows.
TRTC managed to remain above its 2013 lows of .06 and on 3 separate occasions, successfully tested .08
Its 2015 low of .0795 occurred in July, even though the MJ sector continued to selloff throughout the year.
2016: New website openly proclaiming TRTC as a cannabis company is unveiled
Acquistion of private dispensary Blum Oakland announced, valued at $21M and paid for with 90% equity in the form of TRTC shares at .09
Construction of city of LV dispensary completed
TRTC stock price increases 67% in first 2 months, becoming the leader of the OTC MJ stock sector by market capitalization for 1st time in its history.
TRTC dollar volume increases substantially, becoming the leader of the OTC MJ sector in dollar volume for 1st time in its history.
Both significant stock price and dollar volume increases reaffirm higher level of investor interest in TRTC relative to any other OTC MJ stock.
Future milestones for rest of 2016 (my forecast):
City of LV dispensary opens in April
TRTC becomes debt-free by end of 1st quarter
Opening of 2 additional dispensaries in Las Vegas and 1 in Reno in Q3 and Q4
Construction starts on 2 cultivation facilities, both slated to open in 2017
Financing by toxic debt (Dominion) and equity credit line (Magna) end with close of Blum Oakland deal in late March, replaced by 2nd round of private placements (1st round was $2M in July 2015)
IVXX expands rapidly, targeting Los Angeles initially with $2M+ order designed to supply 300+ new dispensaries, with internal goal of surpassing $12M in revenue for full year (which will be higher than publicly stated guidance)
Multiple independent directors are added
Acquisitions of multiple dispensaries in California occurs, all much smaller transactions than Blum Oakland
Acquistions of cultivation facilities in California occur
Production lab expands with new facility in Southern California
IVXX signs up 2nd distributor to target Northern California dispensaries
IVXX oils launched in Q2
IVXX acquires edibles/drinks company and launches full line of cannabis products in 2nd half of year
IVXX expands to other states via brand licensing deals
Terra Tech changes company name and ticker symbol to IVXX
Edible Garen is sold back to VandeVredes for mix of cash and shares, helping to fund rest of Nevada buildout
TRTC reaches $1+ for 2nd time in its history in Fall
Discussions with Nasdaq continue to take place during 2016 and if allowed by Nasdaq to uplist, TRTC becomes 1st real cannabis stock on Nasdaq
Sector forecast: OTC MJ sector finally bottoms in 2016 as looming November 2016 elections bring in new money to pot stocks, particularly from September onwards.
A 2nd bubble is created in the fall due to California, Nevada and 4 other states (Arizona, Michigan, Massachusetts, and Maine (enough signatures will be ruled valid after all) pass rec legal MJ in November and talks of rescheduling and the opening up of banking heat up
$LEEKVI$ION: NASDAQ IN JULY 2016 IS COMING
