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Friday, November 15, 2019 1:13:51 PM
Then: March 10th 2017
Oakland pot-cultivation center could produce more than 2,200 pounds of marijuana a year
By Riley McDermid
The Newport Beach-based cannabis company Terra Tech has signed a lease for a cannabis-cultivation complex in Oakland, which could be completed as soon as September.[/b]
The massive 13,000-square-foot building industrial site will be located near the Oakland Airport off of Hegenberger Road — and could produce as much as a metric tonne, or 2,200 pounds, of marijuana a year, Terra Tech said. The complex will have a greenhouse to grow the company's proprietary strains.
March 10, 2017
https://mksiinvestments.com/press-articles/2017/3/10/san-francisco-business-times
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Now June 2019[/b]The Hegenberger facility will require approximately $0.60 million in capital to complete.
https://www.sec.gov/Archives/edgar/data/1451512/000147793219004600/trtc_10q.htm page 37
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"The Company is a party to the following transactions with Martin Kaufman and Salwa Ibrahim, each of whom
beneficially owns more than 5% of our outstanding Common Stock.
An entity owned 100% by Mr. Kaufman and Mrs. Ibrahim owns the property where the Company’s Blum Oakland facility is located.
That entity leases the property to an unaffiliated third party for $16,000 per month. The Company subleases the property from the third party for $28,840 per month.
The Company pays $24,000 per month in rent for the property where its Oakland, California cultivation facility is located to an entity owned 50% by Mr. Kaufman and Ms. Ibrahim . The Company pays
$24,000 per month in rent for the property where its San Leandro, California dispensary and production facility is located to an entity owned 50% by Mr. Kaufman and Ms. Ibrahim.
The Company pays approximately $35,000 per month to an entity owned 50% by Mr. Kaufman to provide security at the property where its Blum Oakland facility
is located. During the twelve months ended December 31, 2016, the Company purchased $76,638 in products from
an entity owned 9% by Mr. Kaufman"
http://www.westcoaststocktransfer.com/wp-content/uploads//2017/08/trtc-webmat02.pdf page 9
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