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Thursday, June 06, 2013 6:43:25 AM
They only had $66K in Revenue last quarter.
It is unproven that the salad division will be profitable for them.
There are also hundreds if not thousands of hydroponic growers around the USA already selling to supermarkets. This competition could also make it difficult for TRTC to gain a foothold. Those claiming there is no competition have not done their DD. A simple google search reveals the truth. "hydroponic salad" returns 360K results on google. Hydroponic results in 8.5 million results.
There are also still millions of shares yet to be sold on the open market due to the most recent death spiral financing deal. When will they be sold????
TRTC may make it through the financing, and win a decent market share, but that is nowhere near guaranteed. To make such a guarantee would be foolish.
Medical Marijuana could be years away from becoming federally legal. TRTC will not touch that market until the feds give approval. There is no sign that this approval will happen soon. Both Obama and Holder have given signs against such approval recently due to pressure from those against MJ:
Time will tell, time will tell..... Don't put all your eggs in one basket.
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