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Thursday, April 07, 2016 11:41:42 AM
http://www.terratechcorp.com/news-media/press-releases/detail/94/ivxx-premium-quality-cannabis-extracts-are-now-available-at
And in the recent 8K/A you can see that they have an agreement with Platinum Standard LLC, which I believe is owned by Green Door in SF (please correct me if I'm wrong here.)
I assume this is where the acquisition rumor came in, but it doesn't seem to make much sense to me to make an agreement to earn 50% of another companies income, and then sell yourself to said company.
I don't really care either way - dispensaries are a dime a dozen in California, and acquiring one of the thousands is hardly gaining market share, it's just going to be more reason for dilution. I would MUCH prefer that they continue to aggressively expand IVXX and continue acquiring licenses and permits, especially in wake of AB266.
Cheers & JMO,
SSC
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