I was just about ready to hit the buy button until I read this on the board. Now, not so sure this is the best MJ investment.
IMPORTANT INVESTOR INFO:
TRTC operates one non profit dispensary in California. It will likely remain that way through 2017. Some may like investing in a dispensary, but non profit obviously will not help your investment. Once it becomes for profit the problem is that insiders have it setup to siphon off all the excess cash in the form of excessive security, and rent charges. Shareholders come last with TRTC.
TRTC owns 50% of five dispensaries in Nevada right now. While the passage of Recreational Marijuana in Nevada may benefit the company, the counties containing their dispensaries have the right to not allow recreational marijuna in their counties, and the decision is up to them.
TRTC currently has more than 800 million fully diluted outstanding shares and is trading at .31 This means it is worth $242 million, which is likely more than 10 times overvalued at this price. You can buy at least 25 dispensaries open and profitable for that price.
DO SERIOUS DD before investing in such companies. TRTC's past is littered with SEC violations, the CEO was also investigated a few years ago for fraud in a prior company. Do not just throw your money away. RESEARCH FIRST!!!
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