California is non profit. Stupid to invest in. Especially when considering that insiders are cleaning up on security, and rent. Even if non profit status changes they still will just break even thanks to insiders.
TRTC paid over $50 million to insiders in purchasing the non profit Blum Oakland dispensary. That should make investors sick enough.
The Nevada dispensaries are only 50% owned by TRTC, yet they carry all the costs. Plus it is a cash business which makes it hard to control how much really is coming in.
Also no way to tell how the industry will do under the new administration in DC.
Watch out for the preferred to common conversion coming soon, and then the reverse split. After that it may be okay to buy TRTC, But the shareprice will likely be around a dime.
Read the filings closely. Insiders rule!!!
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