22 REASONS not to buy TRTC......................
Company has completed 22 straight quarters , and never showed a profit once. Company has lost over 50 million dollars since 2012.
Company has lost $10 million two quarters in a row.
Insiders getting rich at shareholders expense while company is losing more money every quarter.
Last Quarter company generated 5.8 million in cannabis revenue but it cost 5.4 to generate it and over 2 million in general expenses to sell it.
Why has Blum on Western AVe been open over a year and yet the company cant make a profitable quarter?
In 2016 the State of New Jersey gave TRTC 300,000 dollars in free grant money and still the company could not turn a profit........
Company paying absurd security, and rent each month to company insider.
CEO sells he and his partner's Blum Oakland dispensary to his own company (TRTC) for well over $50 million when all is said and done. Years prior he had said it would be rolled into TRTC at some point. Well how nice to do a deal with yourself.
Company owns half of the Nevada dispensaries, but pays all the costs???
Company gets approval for San Leandro dispensary saying it is a TRTC Blum property, but the dispensary was awarded to an insider and the application said no connection to TRTC. Does this mean they sell it to TRTC at some point?? Or did they just write what they needed to in the application to get approved?
People count on legal weed in Nevada to make TRTC profitable, but where will people smoke weed in the state. Reading the law it is clear that you cannot smoke in public places, the strip, casinos, bars, shows, parks, rental cars, or hotel rooms. IN FACT there is a $1000 fine for doing so, and up to six months in jail. How many will risk that???
List could go on all day............. To be continued.......
