Friday, November 09, 2018 10:17:08 PM
TRTC sold the worst performing location in Las Vegas for 6.25 million, and have acquired a new store front in a MUCH better location.
On top of that, last quarter and this quarter conference calls, they announced they are applying for more licenses than they actually need in some areas, with the plan to flip some for profit.
It's a new revenue stream with the Western Street sale, and planned sales of excess to needs locations in the future. TRTC has so far had 100% success on applications (which I expect to not stay 100% as time goes on).
You have never seen big box stores change locales to better locations in the past? This is a common business practice.
On top of that, last quarter and this quarter conference calls, they announced they are applying for more licenses than they actually need in some areas, with the plan to flip some for profit.
It's a new revenue stream with the Western Street sale, and planned sales of excess to needs locations in the future. TRTC has so far had 100% success on applications (which I expect to not stay 100% as time goes on).
You have never seen big box stores change locales to better locations in the past? This is a common business practice.
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