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Wednesday, January 23, 2013 After Market Close
New Green Baron Stock Alert
Terra Tech Corp.
OTCBB TRTC - $.45 per share
Common Shares Outstanding 82,372,000
Market Cap $37.1M
52-Week High $1.15 52-Week Low $.13
Average Price $.4299 50-day $.2917 200-day
Average Volume 221,662 50-day 82,662 200-day
The Future of Farming
Technology and Agriculture in Perfect Harmony
Terra Tech Provides Sustainable Solutions for Indoor Cultivation of Food, Crops, Plants and Agriculture RD
Relaxed New Marijuana Laws in Colorado and Washington Provide Huge Upside Potential
Click Link to View Recent Report on TRTC
Today, The Green Baron Report is initiating coverage of Terra Tech Corp. OTCBB TRTC as our newest Green Baron Stock Alert, and we strongly suggest that members accumulate the stock as close to our profile price as possible. Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at and through email updates to members. We have very aggressive price projections for TRTC and believe the stock has huge upside potential based on several positive fundamental factors.
TRADERS NOTES Terra Tech is a fully reporting Bulletin Board listed company traded under the symbol TRTC. The stock is represented by about 17 market makers that keep the spread tight. Since mid-November last year, TRTC has been trading in a range primarily between .40 and .50 per share.
A big rally about a week ago on heavy volume sent shares of TRTC to as high as .57. After peaking at that level, TRTC has retested support at .40 and appears to be just starting another rally back up. The Green Baron Report believes the timing is perfect to enter the stock both technically and fundamentally. Click links to view stock charts and
Terra Tech. is pioneering the future by integrating the best of the natural world with technology to create sustainable renewable solutions for food production, indoor cultivation, and agricultural research and development. The future of farming is both indoor and vertical in highly productive and controlled environments. This new era of farming technology is needed to feed our worlds population while at the same time reducing our carbon footprint, generating higher yields and producing a higher quality more nutritious product.
There are many significant advantages to urban agriculture
Multiple Harvests With year-round crop production up to 30X traditional field cultivation CEA provides multiple annual harvests creating a perpetual harvest creating constant output.
Scalable Hydroponic CEA allows for cultivation to go vertical maximizing the cubic space within the facility.
Environmentally Superior Uses up to 95% less water than traditional farms, and because the facility is sealed there isn't a need for herbicides or pesticides effectively reducing agricultural runoff. In addition these facilities are generally located n urban centers reducing the need for long haul transportation resulting in a drastic reduction in carbon footprint.
Variables are Controlled Weather factors such as frosts and severe storms are mitigated and the potential for crop destroying pests can be easily controlled.
The Green Baron Report has identified the following reasons for accumulation of Terra Tech now
Industry Acceptance Major retailers across the country are now carrying locally grown, CEA hydroponic micro-greens and herbs consumer prefer fresh, locally grown produce because of the higher nutrient content and longer shelf life.
Market Size It is estimated that total sales through specialty hydroponic retailers alone was $1.2 billion in 2011. Now that industry acceptance of hydroponically cultivated produce has grown, overall sales are expected to rise dramatically.
Advantages Indoor agriculture cultivation utilizing Terra Techs equipment allows farmers to cultivate multiple harvests, use 95% less water, maximize space, control the temperature, and eliminate the need for pesticides and herbicides.
Acquisition of GroRite - One of New Jerseys largest gardening super centers, the planned GroRite acquisition would significantly increase Terra Techs top line revenue. GroRite has annual revenue in excess of $4 million with positive net income.
Acquisition of NB Plants and Brand Edible Garden Terra Tech has also signed an LOI to acquire NB Plants, a hydroponic farming operation, and its brand Edible Garden entering the $20 billion fresh produce market. Upon successful acquisition of this 116-acre New Jersey farm, it would push annual revenues to in excess of $6 million not including the numbers from GroRite.
Unprecedented Exposure - Terra Tech has been the focus of articles and news videos on the industry published by Fox Business The Willis Report, CTV Canadas largest news network, The Huffington Post, The Exchange featured on Yahoo Finance and MarketWatch.com, a Wall Street Journal property, amongst other publications.
$2.00 Target Price in Goldman Research Report Goldmans report states, Management has engaged a vertical integration strategy via MA and strategic partnerships that could ultimately drive TRTC stock to the $2.00 level. This strategy should propel revenue from $3M in 2012 to roughly $30M in 2 years.
Green Baron Analysis
Our hot streak of winners is expected to continue with the introduction of Terra Tech. This industry is huge and ripe for major growth for years to come. It is truly the right business at the right time. Acceptance for hydroponically grown produce and products is here and the advantages of indoor cultivation are significant.
The Green Baron Report believes TRTC stock is just starting to get noticed. Late last year we introduced two stocks in this price range that rallied to a $1 per share within days. We believe could make a similar move over the near term, and Goldmans $2.00 target is a price it could hit over the next six months. Terra Tech is a great way to invest in this high growth sector.
About Terra Tech
Through its wholly-owned subsidiary GrowOp Technology, Terra Tech Corp. specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. We work closely with expert horticulturists, engineers, and plant scientists to develop and manufacture advanced proprietary products for the fast-growing urban agricultural industry as well as individual hobbyists. Large companies, small urban farmers, home enthusiasts, and traditional utilize our products. Our complete product line is available at specialty retailers throughout the United States, and via our website. Terra Tech Corp. was incorporated in July 2008 in the State of Nevada its subsidiary GrowOp Technology was founded March 2010, in Oakland, California.
At Terra Tech the vision is simple To help transform, through innovation, the way we feed the global population with methods that are both sustainable as well as environmentally friendly. We have the team, the products, and the resources to assist the urban farmer in increasing production with minimal environmental impact. By utilizing our processes and best practices in conjunction with our manufacturing capabilities and products our customers can be assured their agriculture goals can be achieved. Terra Tech is dedicated to a Greener World.
Industry
While the Hydroponic Farming industry is small compared with others in the agricultural sector, it has been gaining momentum during this current economic downturn, with revenue growing in four of the past five years. IBIS World reported expected revenue increases at an average annual rate of 7.8% from 2006 to 2011. The aging and health-conscious baby boomer population, an increased focus on and changing weather conditions have cushioned most of the recession's ill effects. Most spending cuts have been directed toward discretionary purchases rather than fresh food. Rising food prices also support revenue growth because food is largely a non-discretionary necessity.
With a global population of approximately 7 Billion scarcity of food and the resources to produce it are rapidly becoming a concern. This increased need to sustain our population puts a strain on other global resources as the production and transportation of food significantly increases greenhouse gas emissions. This coupled with greater access to information and understanding that locally grown produce is not only better for the environment but also has of nutrition has led to this current surge in hydroponically grown crops.
The Paradigm Shift
In addition to our rising population, every year the world loses significant portions of its' arable land due to climatic factors, desertification, diminishing water supplies, and urbanization. In order to accommodate the food demands of the increasing world population, agricultural production is moving indoors and we are now utilizing hydroponics to meet world food demands.
Indoor cultivation enables farmers to cultivate throughout the year, resulting in a perpetual harvest. For example, over 40% of all fresh tomatoes sold in U.S. retail stores are now greenhouse grown. The percentage of produce grown both locally and indoors is increasing on an annual basis. Continued innovation of indoor cultivation systems will allow us to maximize harvests and to grow locally effectively cutting down on our carbon footprint.
Multiple trends have brought attention to urban agriculture
The Green Movement-Consumers are concerned with sustainability and earth friendly products.
Higher expectations of freshness
Health conscious Baby Boomer generation
The demand for ready to eat greens
Preference for produce grown without pesticides and herbicides
Concerns about food safety, E. Coli and other life threatening contaminates
Commercial AG - Commercial agriculture is beginning to migrate to controlled indoor environments. Every year, the U.S. loses significant portions of its' fertile agricultural land due to urbanization. In an effort to sustain our population cultivation is moving both indoors as well as vertical. Indoor cultivation allows urban farmers to have multiple harvests throughout the year while maximizing their production of healthy and nutrient dense fruits and vegetables. For example, over 40% of all fresh tomatoes sold in U.S. retail stores are now greenhouse grown.
Terra Tech works with you to help design, develop and manufacture cultivation system which will both maximize you space and mitigate your energy costs. From rooftopvertical hydroponic and aeroponic systems to custom designed greenhouse management systems, Terra Tech is continually developing products and working with strategic partners, like Bayer Crop Sciences, to continually capture market share of this growing industry.
Retail AG Through its subsidiary GrowOp Technology Ltd. , Terra Tech designs and manufactures an advanced and affordable line of horticulture equipment for the discerning grower. The Company believes in affordable access to top quality products. Our team has searched the globe to find expert horticulturists, engineers, and scientists to help us bring to the market some of the most unique and efficient designs. GrowOp Tech operates out of its warehouse facility located on over an acre in Oakland, Ca. Our products have been featured on NBC, National Geographic, CNBC and more.
In addition to organic growth through Terra Tech's commercial manufacturing and GrowOp Technology's retail brand, the Company intends to acquire to accelerate growth. It is focused on well-positioned market participants that have a competitive advantage in their respective segment in addition to generating strong operating cash flow.
Recent Press Releases
Monday, January 14, 2013 Terra Tech Corp. Announces LOI to Acquire GroRite, a New Jersey Based Garden Superstore with Annual Revenues of Over $4 Million - IRVINE, Calif. BUSINESS WIRE - Terra Tech Corp. TRTC, a leader in sustainable agricultural products, announced today that it has signed a letter of intent to acquire GroRite, one of New Jerseys largest gardening super centers, significantly increasing Terra Techs top line revenue.
is based in Lincoln, New Jersey and encompasses a total of 10 acres of retail gardening center, hydroponic cultivation facility and plant nursery. Launched in 1973 by the Vande Vredes, a Dutch farming family with over 120 years of farming experience, GroRite has grown into one of New Jerseys premier gardening centers with annual revenue in excess of $4 Million with positive net income.
We built our company around our familys expertise in the garden and we have maintained our competitiveness by utilizing the latest technologies, like hydroponics, explains Ken Vande Vrede, CEO of GroRite. Urban agriculture is going to be a major aspect of farming and home gardening over the next decade. Terra Tech has been an innovator in urban agricultural products and we have major distribution in the North East, so this creates quite a synergy.
GroRite carries a full line of nutrients, fertilizers, plant materials, gardening products, hydroponic equipment and more. Terra Tech distributes a line of innovative indoor agricultural equipment for the retail market.
GroRites facility is amazing, they carry everything a home gardener would need, said Peterson, CEO of Terra Tech. This acquisition is an important step for our shareholders, as it not only accelerates our growth significantly, but allows us to begin our consolidation plan to control not only distribution but retail as well, effectively benefiting throughout the supply chain.
The terms of the LOI are full integration of GroRites business into Terra Tech, a publicly traded company. Key executives from GroRite will become officers as well as join the Board of Directors for Terra Tech. Consummation of the acquisition is subject to final transaction documents, expected to be completed no later than February 25, 2013, and shareholder approval. The acquisition is anticipated to be an all stock transaction and key executives will be expiring shares in an effort to keep the shares outstanding from significantly increasing.
Wednesday, December 26, 2012 - Terra Tech Corp. Enters the $20 Billion Fresh Produce Market by Signing LOI to Acquire NB Plants, a 116 Acre New Jersey-Based Sustainable Hydroponic Farm - Terra Tech Corp. TRTC, a leader in sustainable agricultural products, is pleased to announce it has signed an LOI to acquire NB Plants, a hydroponic farming operation, and its brand Edible Garden entering the $20 billion fresh produce market.
Terra Techs successful acquisition of NB Plants, a 116-acre New Jersey farm, will push annual revenue in excess of $6 million. NB Plants cultivates ornamental flowers as well as a line of fresh hydroponically grown produce including basil, oregano, parsley and lettuce under the Edible Garden brand. Edible Garden, a premier local brand of sustainably grown produce is available at over 120 major grocery store chains such as Shoprite, Food Emporium and others throughout the North East. The urban farm is owned and operated by the Vande Vrede family who has over 3 generations of greenhouse farming experience.
According to Roberta Cook from UC Davis Department of Agricultural and Resource Economics, there were 3.2 million acres of fresh fruits and vegetables harvested in 2010, producing 99.9 billion pounds with a farm gate value of $21.8 billion. Terra Tech has identified over 12,000 grocery stores within a 5-hour drive of NB Plants opening up a significant market for the company.
We are seeing a renewed interest in locally grown produce that is free of chemical pesticides and other contaminates, explains Mike Vande Vrede, CEO of NB Plants. Hydroponics has allowed us to cultivate more efficiently, reducing our usage of natural resources while creating a product that is fresher for consumers.
The USDA recently reported that the 2011 U.S. trade deficit of $6.2 billion in fresh produce will swell to $10.7 billion in 2021 and imports are projected to supply up to 25% of our nations fresh produce. With a swelling population the US is becoming more reliant on imported produce, which hurts local economies and puts the population at risk for food borne illnesses and other potential food hazards.
Every year we lose a significant amount of arable land, so we rely on imported sub par produce to feed our ballooning population, claims Derek Peterson, CEO of Terra Tech. Hydroponics allows us to grow vertically in urban settings where we cut down our carbon footprint, reduce the risk of contaminating produce and deliver a fresher longer lasting product to our retail partners.
The terms of the LOI are full integration of NB Plants business into Terra Tech, a publicly traded company. Key executives from NB plants will become officers as well as join the board of directors for Terra Tech. Final merger documents are expected to be completed no later than January 25, 2013.
An aggressive MA strategy is a key focus of Terra Techs and this acquisition is a key step for the company, explains Peterson. We see significant opportunities to accelerate growth through acquisition and to create shareholder value.
Wednesday, December 12, 2012 - Terra Tech Corps CEO Featured in Major Media Discussing the Growth of the Medical Cannabis Industry - IRVINE, Calif.--BUSINESS WIRE - Terra Tech Corp. TRTC, a leader in sustainable agricultural products, is pleased to announce its CEO, Derek Peterson, was recently featured in an exclusive interview in The Globe and Mail, Canada's largest-circulation national newspaper with over 1 million weekly readers as well as the Long Beach Business Journal.
Josh OKane of The Globe and Mail interviewed Peterson about the current boom in the cannabis industry as well as Terra Techs positioning in what has been termed the Green Rush.
The full Interview can be found by
Joshua H. Silavent of the Long Beach Business Journal spoke to Terra Tech about the companies positioning in the legalized cannabis market. They discussed the various investment options that exist in the industry, as well as the proliferation of medical cannabis oriented companies that are publicly traded on the US Markets.
Friday, November 9, 2012 - Terra Tech Corp. Looks to Marijuana Legalization as a Catalyst for Growth - Terra Tech Corp. TRTC, a leader in sustainable agricultural products, sees the passing of Washingtons and Colorados Marijuana legalization initiatives as a milestone to ending the prohibition of cannabis as well as a potential boon for cannabis related businesses.
According to the Denver Post on the Colorado Amendment, The amendment will allow those 21 and older to purchase up to one ounce of the drug at specially regulated retail stores. Adults could grow up to six marijuana plants at home.
Terra Tech focuses on the sale and distribution of specialty hydroponic equipment that can be used in the production of medical cannabis. Through its subsidiary GrowOp Technology Ltd they were one of the first openly cannabis friendly companies to come to market in early 2010. In February of 2012 GrowOp merged with Terra Tech Corp. a publicly traded urban agricultural company. Collectively the company is focused on both urban agriculture as well as the distribution of its indoor cultivation equipment through specialty retailers and online sites like . GrowOp was initially featured for its 53' portable cultivation rooms, the BIG BUD, that the media dubbed Weed on Wheels.
The fact that voters voiced loudly that cannabis has a recreational application and deserves to be legalized speaks volumes to where our industry is headed, explains Derek Peterson CEO of Terra Tech. In addition, my home state of Massachusetts is becoming the 18th state to legalize cannabis for medical purposes. This is becoming a huge tipping point that opens up opportunities for entrepreneurs and investors as well as job seekers.
CNBC recently reported that the estimated revenues for manufacturing and equipment in the medical marijuana industry for 2010 are $150 million. In addition, the estimated size of the marijuana market if it were to be legalized in the U.S. is $14 billion according to the 2010 Cato Institute paper The Budgetary Implications of Drug Prohibition. Legalization could yield some $8.7 billion in tax revenues and enforcement cost savings. The Seattle Times state financial experts estimate the new legalization could raise nearly $2 billion in tax revenue over the next five years, with the money going toward education, health care, substance abuse prevention and basic government services.
This is an exciting time for us and the growth of our company, says Peterson. This type of legalization opens up both new markets for us as well as broadens existing markets. Investors are looking to this type of progress to feel comfortable investing in companies within this space.
Monday, October 1, 2012 Goldman Small Cap Research Issues Research Report on Terra Tech Corp. - BALTIMORE, Oct. 1, 2012 GLOBE NEWSWIRE -- Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has issued research coverage of Terra Tech Corp. TRTC, a company specializing in controlled environment agricultural technologies.
The Company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. To further broaden its footprint and position the firm for vertical integration, Terra Tech has also entered into strategic partnerships and prospective acquisitions in the farming, production and distribution of locally-owned produce.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
The drivers and demand for hydroponically cultivated produce by farmers and consumers alike have risen dramatically in recent years. Farmers can produce greater yields and eliminate pesticides while reducing water and consumers enjoy locally-owned, nutrient-rich produce. Moreover, Terra Tech management's MA and vertical integration strategy in this space could result in impressive top-line growth and high operating margins.
To view a summary of the report or download the report in its entirety, please visit
Monday, October 1, 2012 Terra Tech Corp. Announces Strategic Relationship With Edible Farms, a New Jersey Based Hydroponic Produce Farm - IRVINE, Calif.-
Terra Tech Corp. TRTC, a leader in sustainable agricultural products, announced today that it has signed an agreement with New Jersey based , a division of NB plant products to jointly construct and operate up to 10 acres of commercial hydroponic greenhouse specializing in the production of locally grown, hydroponic produce.
Currently Edible Farms cultivates and sells their line of living basil and other fresh hydroponically grown produce to major retailers throughout the Northeast such as Shoprite, Fairway, D'Agostino, Kings, The Food Emporium and more. With current annual revenue in excess of $2,000,000, Edible Farms is looking to Terra Tech to expand their production capacity. Based upon their current gross revenue per square foot the first 2.5 acre facility should produce close to $7,000,000 in additional annual revenue. Several of their current retail customers have indicated a desire to purchase a greater degree of product as their production increases. This project will be 51% owned by Terra Tech who is responsible for securing the necessary capital for the expansion plan.
With over 12,000 grocery retailers within a 6 hour drive of our farm we are uniquely positioned to deliver produce that is extremely fresh and sustainable, explains Ken Vande Vrede, Director of Marketing for Edible Farms. We have estimated the local market opportunity to be in excess of $500 Million and the appetite for locally grown sustainable produce to be enormous. This relationship with Terra Tech gives us a technological advantage over our competition and allows us to expand quicker and become more environmentally friendly in our cultivation.
The agreement between Edible Farms and Terra Tech is to identify opportunities that exist in the production of locally grown produce as well as brand expansion throughout the Northeast. Together they will work to develop marketing collateral, invest in increased automation, develop a marketing and branding strategy, design and source LED lighting technologies, secure additional contracts with major retail chains, brand a specialized nutrient line and plan the construction of an additional 2.5 acres of hydroponic greenhouse to complement the existing operation on their 116 acre family farm in Belvidere, New Jersey. The agreement is effective for 100 days, after which Terra Tech and the family will assess their continued joint efforts.
The potential for expansion is significant with Edible Farms and Terra Tech, our core strength is technology and branding, while their core strength is in the cultivation of some of the finest produce I have had the pleasure of consuming, said Peterson, CEO of Terra Tech. Together we can leverage their current relationships with some of the largest retailers in the Northeast to further introduce a product that is not only more healthy for your body, but for the planet as well.
About Edible Farms
The Edible Farms and Edible Garden brands each provide fresh, locally grown herbs and leafy greens to major supermarket chains and restaurants. Our process utilizes time tested, classic Dutch hydroponic farming methods to grow vegetables in a safe, healthy, 100% natural environment, free of contaminants and pesticides. We maximize the use of the latest technology, to exceed competitors products often imported from outside the U.S.. Edible Farms and Edible Garden are exclusively grow, pack and ship our own products, allowing us to monitor and guarantee the safety, quality, and freshness of our produce from seed to delivery.
Wednesday, September 12, 2012 - Urban Ag Solutions Provider Terra Tech Launches Line of Innovative Environmental Controllers for Indoor Farms - Terra Tech Corp., leader in controlled agricultural products, announced today that it has officially launched its line of hi-tech digital environmental controllers for indoor and urban agriculture.
Managing a large scale indoor cultivation effort is a time consuming and tedious process, fraught with significant opportunities for error. Automation is a core focus for Terra Tech and our tools help significantly increase productivity and yields while reducing the margin for error, said Derek Peterson, CEO and founder of Terra Tech.
Terra Tech's Lineup includes everything needed to manage large-scale indoor farms from its 'Chrono' timers to its crown jewel the 'Atmos D1'. These devices are designed to streamline indoor cultivation by automating and monitoring most of the key components associated with indoor gardening. Simply plug into your computer via a USB cable and program your temperature, C02 levels and other settings according to your personal specifications.
These systems are completely customizable to control everything from humidity levels, lighting sequences, and C02 levels with absolute precision utilizing patented infraredNDIR technology. Through technology and innovation farmers are better equipped to control the outcome of their crop through better transparency and control during the cultivation cycles.
As more cultivation moves indoors urban farmers need a new set of tools to regulate and manage these operations. The global population is growing exponentially forcing us to seek out and adopt alternative methods for food production. Indoor, vertical, and greenhouse cultivation are potential answers to many of our existing agricultural limitations, and the development of technologies like these are paramount in its success, suggests Eddie Piatt, lead design engineer of Terra Tech.
These controllers, combined with the other high-tech indoor hydro and aeroponic systems that Terra Tech designs are poised to become the plows and tractors of this new paradigm of cultivation technology. Farming is going both urban as well as vertical and tools like these are going to be the staples of this new city-centric approach to agriculture, said Peterson.
Wednesday, August 22, 2012 - Terra Tech, a Publicly Traded Urban Ag Company, Announces Strategic Relationship with Family Hydroponics, the Largest Hydroponic Retail Group in the US - Terra Tech Corp., a leader in sustainable agricultural products, announced today that it has signed an agreement with Family Hydroponics, the nation's largest urban agricultural retail franchise group.
Terra Tech has announced it has signed an agreement with Family Hydroponics, the nation's largest franchise chain of hydroponic retailers, which operates 36 stores in 8 states. Terra Tech is well positioned for what has been called the Green Rush and will be working in conjunction with Family Hydroponics to create a proprietary brand of agricultural equipment, launch a Family online store, as well as make strategic acquisitions of both Family corporate and franchised stores. Products will include HID and LED lighting technologies, environmental controllers, as well as ventilation and filtration designed for CEA Controlled Environment Agriculture. The agreement is effective for 100 days, after which Terra Tech and Family will assess their continued joint efforts.
In addition to product development, Terra Tech will be working with Family to design and implement a merger and acquisition program for both their corporate and franchised owned retail stores. Family grosses more than $25 Million in annual sales between its 36 stores. Terra Tech will also design and manage Family's online store to compliment their strong retail footprint. The online store will have a competitive advantage over other online retailers by leveraging their diverse geographic footprint, which allows for faster shipping and greater affordability.
Cultivation is moving indoors and this style of growing requires a different set of tools than a traditional farmer would use. Family Hydroponics has built a successful franchise of stores throughout the country to capitalize on this growth. As a premier brand, we only affiliate ourselves with premier names in the industry and Terra Tech's products are just that, says Roy Harris, CEO of Family Hydroponics.
Management Team
Derek Peterson - President and Chief Executive Office - Derek began his career in finance with Crowell, Weedon Co, the largest independent broker- dealer on the West Coast. In his 6 years there, Derek became a partner and Branch supervisor where he was responsible for sales of over $10 Million. Derek was offered an opportunity to build a southern Orange County presence for Wachovia Securities, where he became a 1st Vice President and Branch Manager for their Mission Viejo Location. He was instrumental in growing that office from the ground up, into the $15 million dollar office it is today. After his term at Wachovia, Derek accepted an opportunity for a Senior Vice President position with Morgan Stanley Smith Barney, where he and his team oversaw combined assets of close to $100 Million. In addition, he has also been involved in several public and private equity financings, where he has personally funded several projects from Angel to Mezzanine levels. Derek is a CFP Professional and holds his Series 7, General Securities Sales Supervisor Series 9 and 10, National Commodity Futures Series 3, Series 65 and California Insurance License. Derek holds a degree in Business Management from Pepperdine University
Russ Winnett COO Russell has extensive experience with electrical controls, automation and robotics. He received training from on-the-job roles encompassing over 30 years. He has held positions as an electrician, robotic service technician, PLC programmer, maintenance supervisor, automation engineer and most recently product engineer.
Russell has spent the last 15 years working in the agricultural hydroponics industry and he holds patents on some of his designs. He has created some of the most popular lights, timers, CO2 and environmental controllers for companies such as CAP, GPS, NGW and Hydrofarm. All of his real-world experience enables him to find simple and effective solutions, for complicated problems.
Michael James CFO In addition to his role at Terra Tech, Michael James became CFO of Inergetics, Inc NRTI on July 1, 2010 and has served as a member of the Company's Board of Directors since September 2009. Previously, Mike served as CEO of Nestor, Inc. where he successfully completed a financial restructuring of the Company prior to its sale in September 2009 from the Receiver's Estate in Superior Court of the State of Rhode Island. He also served on Nestor's Board of Directors from 2006 to 2009 and has been the Managing Partner of Kuekenhof Capital Management, LLC, a private investment management company, for the past ten years where he serves as Managing Director of Kuekenhof Equity Fund, L.P. and Kuekenhof Partners. Michael is also a director of Guided Therapeutics, Inc. where he serves as Chairman of the Compensation Committee and serves on the Audit Committee. During his career, Michael James has served as a Partner at Moore Capital Management, Inc., a premiere private investment management company as well as Chief Financial and Administrative Officer at Buffalo Partners, L.P., a private investment management company and Treasurer and CFO of National Discount Brokers. Mr. James began his career in 1980 as a staff accountant with Eisner, LLP.
Edward Piatt - Director of Design Edward Piatt is an experienced, LEED Accredited Architect. He received his Bachelors of Science in Design 2002 and his Masters of Architecture 2004 from the University of Nebraska, Lincoln. Edward has worked in Los Angeles, New York and San Francisco where he has been involved in a variety of projects requiring him to work closely with engineers and contractors as well as independently. He has gained knowledge of design and construction by working on projects from the beginning conceptual design phase through to construction documentation and administration. Current and recent projects include Yahoo Corporate Headquarters, Lawrence Berkeley National Laboratory-New General Purpose Lab, Princeton University Campus Masterplan and Creative Performing Arts Initiative, Kaohsiung International Competition, and many other notable projects in commercial, retail, higher education, and industrialproduct design.
Kim Winnett Controller Kimberly Winnett has vast experience in wholesale and manufacturing, with over 10 years working within the hydroponic industry. She has held the positions of Lead Purchaser, Engineering Assistant, Sales Project Coordinator, Accounts and Office Manager. During which time, she worked directly with Sanyo, Samsung, Apple, Freeport-McMoran and many other companies. She has also been instrumental in the start up of several companies such as GLS, and the rejuvenation of several more, such as Tri Valley Fitness. With a background in drafting and graphic arts, she has designed several websites and ads for companies such as Sentinel and TVF. Kimberly graduated on the Deans List from Central Arizona College with an A.A.S. She participates actively with several animal shelters and organizations.
Amy Almsteier Accounts Amy Almsteier's experience in running and managing small businesses for others led her to start her own interior design firm at a young age. She quickly gained recognition for her unique approach to design and has won several awards for high end projects throughout Southern California. Amy's desire to branch out led her to GrowOp where she brings expertise in project management, business administration, and bookkeeping. Amy graduated with a Bachelors of Science in Design from the University of Nebraska Lincoln's College of Architecture.
Lindsay Wiemer - Director of Operations Lindsay Wiemer is an experienced LEED Accredited Designer. For the past several years, she has been working as an interior designer at a commercial architectural firm in San Francisco. Over this period of time, she has played a key role in a wide array of architectural practices, including space planning, custom design, the production of construction documents, construction administration, project management and 3D modeling, rendering and graphic work. While remaining engaged in her career, she has always maintained an interest in philanthropies and has made an effort to volunteer for organizations such as the Boys and Girls Club of San Francisco and LEAP. Lindsay graduated with a Bachelor's of Science in Design from the University of Nebraska Lincoln's College of Architecture.
Media Contacts
Lindsay Wiemer, 855-447-6967 ext. 703 Media
Or
Investor Relations
Porter, LeVay Rose
Mike Porter, 212-564-4700 Investor Relations
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