that's like comparing the Red highlighted section above to reality. The statements just don't add up.
For instance,
Quote: "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."
and now the real story... Another Cali disp opening soon, very soon. Likely to be as early as October ’17, just in time for Cali rec. trtc much much much more than a dispensary. Two dispensaries in CA with multiple labs / production facilities and multiple grow operations soon, very soon. One grow op is up and running at full tilt already and producing top shelf cannabis, the lab / production facility is also fully functional and producing as much high quality wax's and shatters as will allow. Non-profit is a non-issue during the growth phase of a company. When all the money is going back into the company anyway to fund expansion and to improve margins, essentially to grow as a business, it is completely a non-issue at this stage. While security costs and real estate prices are high (pun intended) that's just the nature of the quasi-legal industry beast at this point. When mj becomes legal and the risks involved in handling the product subside costs will come down a bit, again just the nature of the beast, simple supply and demand economics, simply basic business 101, not even that business 011. Whoops did I forget to mention the highly successful and sought after trademarked brand - ivxx™. Rapid expansion but being careful not to overdo it, grabbing market share while establishing a top notch brand and customer loyalty is truly putting the customer, business and shareholders first.
Quote: "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."
This is simply not true. trtc has three successful dispensaries in Vegas and one in Reno with two more grow operations on the way. The counties in NV love the gorgeously designed high end dispensaries trtc owns / operates and have publicly stated so numerous times. In addition, legislation has been passed to allow fully recreational sales starting on July 1 with only the currently licensed medical operations (like blüm) to be granted a license for 18 months. That's January 1, 2019 before any competition can open up a store. WOW!
Quote: "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!!!"
but the reality is trtc is NOT littered with sec violations like other companies, quite the contrary. They have worked closely with the sec, the dea as well as State and County officials to educate and establish policies. As a matter of fact, trtc has become the goto source for news outlets and are frequently interviewed to give their expert opinions. trtc has gone above and beyond to be a fully transparent public trading company presiding on the top rung of the otc ladder. As soon as banking becomes a non-issue trtc will up-list to the nas.
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