Great idea but why pay rent for over two years on a vacant building owned by insiders versus buying ? 24,000 a month in rent could have been a mortgage payment adding value to a real asset iMHO"
Why doesn't TRTC use a portion of their 50 million authorized "B" shares to purchase assets and restrict the sale of said shares for a certain time period.
In two previous deals TRTC offers cash in lieu of stock....... why?
Here is what an alternative company is doing with a similar sized cultivation site .
"xxxxxxAnnounces Preliminary Agreement to Purchase xxxxxxxx Marijuana Grow and Manufacturing Facility in $1.55 Million Deal
Agreement includes purchase of 12,000 square foot indoor facility, including grow and production equipment for $1.3mm in xxxxx stock and $250,000 seller investment in xxx.
July 31, 2018 -- InvestorsHub NewsWire -- xxxx Holdings, Inc. (OTCQB: xxxxannounced today that it has reached a preliminary agreement to purchase a 12,000 square foot indoor marijuana grow and manufacturing facility in xxxxxxxx which has a current capacity to grow in excess of 800 pounds of high quality medical and recreational cannabis annually. The seller also holds a production license for the manufacture of extracts, oils and edibles, as well as the machines and equipment necessary to begin production, which will be included as part of the real estate purchase."
We can follow the costs and rewards as time moves forward.
TRTC oakland cultivation address is : 30 Benhenberger Loop Oakland
Alternative address to be addressed at a later time.\\
My posts are opinions and should not viewed as a reason to buy or sell any stock.
