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Saturday, August 04, 2018 11:25:06 AM
"Long-term debt increased from approximately $6.6 million to approximately $13.2 million during the three months ended March 31 of 2018."
'On March 12, 2018, Terra Tech Corp. (the “Company”) entered into a Securities Purchase Agreement (the "Purchase Agreement") with an accredited investor (the "Purchaser") to which the Company agreed to sell and the Purchaser agreed to purchase, subject to certain standard closing conditions, an aggregate of $40,000,000 of 7.5% Senior Convertible Promissory Notes in eight tranches of $5,000,000 each. to the Purchase Agreement, on March 12, 2018 the Company sold to the Purchaser the first 7.5% Senior Convertible Promissory Note due September 12, 2019'
"On June 7, 2018, Terra Tech Corp. (the “Company”) issued a 7.5% Senior Convertible Promissory Note due December 7, 2019 (the “Note”) in the principal amount of $5,000,000 "
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