Cultivation issues with TRTC: - revised edition.
"Shareholders bought BlumOak that came with a cultivation license yet to thi s date I never heard the square feet size or revenue generated from it other than one time Salwa was giving a presentation for San leandro and I believe she said cultivation from BlumOak represented 20% of the revenue .IMHO Shareholders paid over 22 million dollars for BlumOak but that price did not include the real estate. Monthly rent(28,000) goes thru a third party but ends up landing in an LLC owned by Martin Kaufman and his wife Salwa IMHO. MKSI Investments LLC "
* Not only was the size mentioned by Salwa but also by dp back when the lab was being built inside their disp.
** blumOak instituted a "clawback" not to long ago reducing that price paid quote above. A good deal for a busy, well respected and fully licensed establishment.
*** There are numerous major advantages for leasing over owning, one of which is reduced risk, real estate 101 type stuff here. The costs are the costs and they are Industry wide.
"...wonder why TRTC bought cannabis product..."
hmm, why would a cannabis company buy cannabis products??? you got me there, moving on...
"...they have been spending 24,000 a month since January 2017 on a future cultivation site in Oakland Ca..."
* again, costs are the costs, The State and local governments want you to have the property approved and secured before you apply for the licenses.
"TRTC was granted two cultivation licenses in NEvada in 2014 and yet to date neither is in operation or for that matter built. I recommend shareholders compare the deficit from 2014 to today and IMHO it would reasonable to ask...........what happened to that money?"
* There were massive governmental issues regarding the size, construction and type of structure that was going to be allowed. Who in their right mind would spend millions building out a greenhouse structure that they may have to tear down???
** What happened to the money, Let's see here...
Blüm/Oakland Dispensary, cultivation and lab located at 578 West Grand Avenue, Oakland, CA 94612
Blüm/Las Vegas Dispensary located at 1921 Western Avenue, Las Vegas, NV 89102
Blüm/Las Vegas Dispensary located at 3650 S Decatur, Las Vegas, NV 89103
Blüm/Las Vegas Dispensary located at 1130 Desert Inn Road, Las Vegas, NV 89109
Blüm/Reno Dispensary located at 1085 South Virginia Street, Reno, Nevada 8950
Blüm/Santa Ana Dispensary located at 2911 South Tech Center Drive, Santa Ana, CA 92705
Blüm/San Leandro Dispensary - opens in 4th Q in ‘17
A lab and production facilities located at the blüm/Oak facility
A lab and production facilities with the blüm/San Leandro build out (4th Q '17)
two cultivation licenses in NV, one in clark county (vegas) and one in washoe county (reno)
A 13,000 sq ft Greenhouse, lab and production facility located near the Oakland Airport (scheduled for 4th Q '17) (Hegenberger)
NuLeaf cultivation (30k sq ft) and production (15k sq ft) - located at 859 Deming Way, Sparks, NV 89509 - Acquired 50% Ownership
8 licenses in NV (plus those NuLeaf has brought to the table) and at least 3 in CA to grow, process and sell marijuana
A lease with Panther Gap Farms, one of Humboldt Counties premier expert growers, located in the infamous "Emerald Triangle" (44,000 sq ft), capable of producing One Metric Ton of high grade cannabis -
A lease with The farm, Cultivar Inc., 6 acres or 244,000 sq ft, high tech greenhouses
Purchased 1815 Carnegie, 1815 Carnegie Avenue, Santa Ana, CA 92705, 30k sq ft, trtc owned with option to acquire another property by 1/5/18
Multiple grow facilities (edible garden) in NJ with coop growers in Indiana, Florida and Virginia with at least 40 retail chains offering their products at numerous locations each
over 260 employees...
What does trtc have... not much...
bwaaahaaahaahaahaha!!!
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