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. Itsoperating and reportable segments are currently organized around the productsthat the Company offers as part of its core business which are HydroponicProduce and Cannabis Products. Its locally grown hydroponicproduce is started from seed and is grown in environmentally controlledgreenhouses. When harvested the products are sold through retailers targeted tocustomers seeking fresh produce locally grown using environmentally sustainablemethods. Its cannabis products are currently produced in its lab inCalifornia and will be sold in California. The Company was granted eightprovisional permits in Nevada and has received approval from the localauthorities with respect to six of the eight permits. Its products include EnvironmentalControllers & Timers, Tents & Film, Ducting & Filtration, Fans,Ballasts, Bulbs, Reflectors, Nutrients, Portable andHydroponic Trailers
Its subsidiary GrowOp Technology Ltd operatesin two distinct markets such as commercial agriculture and retail agriculture.There are numerous manufacturers that are available to GrowOp TechnologyLtd, and therefore, it is not limited in the number of suppliers availablenor dependent on any one supplier. In the retail agriculturemarket, three main manufacturers and distributors currently dominate the marketin which GrowOp Technology competes which includes Sunlight Supply, Hydrofarm,and BWGS. It's another subsidiary Edible Garden's main competitors areShenadoah Growers and Sun Aqua Farms. To a lesser extent, Edible Gardencompetes with Green Giant, Del Monte, Rock Hedge Herbs, and Infinite Herbs.
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