Farm & Construction Equipment 4700 Von Karman, Newport Beach, US Derek Peterson Terra Tech Corp was incorporated in Nevada on July 22, 2008,under the name Private Secretary, Inc. The Company changed its name to TerraTech Corp. on January 27, 2012. On February 9, 2012, the Companycompleted a reverse-triangular merger with GrowOp Technology Ltd. It createssustainable solutions for food production, indoor cultivation, rare and exoticplants, and agricultural research and development.
The Company through its wholly-owned subsidiaryis engaged in the design, marketing and sale of hydroponic equipment withproprietary technology to create sustainable solutions for the cultivation ofindoor agriculture.
It is also a retail seller of locally grownhydroponic produce through its wholly-owned subsidiary, Edible Garden Corp.
Its operating and reportable segments are currently organized around the products that the Company offers as part of its core business which are Hydroponic Produce and Cannabis Products. Its locally grown hydroponic produce is started from seed and is grown in environmentally controlled greenhouses.
When harvested the products are sold through retailers targeted to customers seeking fresh produce locally grown using environmentally sustainable methods. Its cannabis products are currently produced in its lab in California and will be sold in California.
The Company was granted eight provisional permits in Nevada and has received approval from the local authorities with respect to six of the eight permits. Its products include Environmental Controllers & Timers, Tents & Film, Ducting & Filtration, Fans,Ballasts, Bulbs, Reflectors, Nutrients, Portable and Hydroponic Trailers
Its subsidiary GrowOp Technology Ltd operates in two distinct markets such as commercial agriculture and retail agriculture. There are numerous manufacturers that are available to GrowOp Technology Ltd, and therefore, it is not limited in the number of suppliers available nor dependent on any one supplier. In the retail agriculture market, three main manufacturers and distributors currently dominate the market in which GrowOp Technology competes which includes Sunlight Supply, Hydrofarm,and BWGS.
It's another subsidiary Edible Garden's main competitors are Shenadoah Growers and Sun Aqua Farms. To a lesser extent, Edible Garden competes with Green Giant, Del Monte, Rock Hedge Herbs, and Infinite Herbs.