Regarding Southern California expansion $TRTC did acquire two locations in Southern Ca, one of which will be a large cultivation site that is projected to generate millions of dollars in revenue.......so when will that revenue arrive ?
CEO states (in May of this year)that the facility itself will NOT be completed till Q2 2019 imho
I see great potential but no reason to enter $TRTC now.
"On the cultivation side of the equation, we think the potential revenue at full capacity under current market conditions we can achieve approximately $10 million to $15 million in revenue from a cultivation of flour standpoint at that facility and we could have that likely completed by Q2 2019."
$TRTC needs to reduce expenses not increase them IMHO
"Selling, general and administrative expenses for the first quarter ended March 31 of 2018 were $8.4 million compared to $6.4 million for the first quarter ended March 31st of 2017, an increase of approximately $2 million or 31.9% percent. The increase is partially due to an increase in the salaries and related payroll tax expenses due to new hires."
"Long-term debt increased from approximately $6.6 million to approximately $13.2 million during the three months ended March 31 of 2018."
IMHO the company has accepted 10 more million in debt since that report IMHO see tranches from 40 million loan .
"And then again, we'll see what opportunities New Jersey presents to us. But there we obviously want to utilize the existing facility if the town allows us to, if it doesn't allow us to we will certainly find alternate locations ........."
Okay. Next question what is Terra Tech's current production capacity for flower in California and Nevada?
Derek Peterson
Again, we're not producing any flour in Nevada right now and I don't have the breakouts on that Phil"
Employee costs jump 2 million in Q 1 . That will not go away IMHO
Now the company accepts more employee costs ?
"Terra Tech covered the costs of the permit application and Terra Tech’s wholly-owned subsidiary, Black Oak Gallery, will be responsible for managing all of the facility’s operations, including hiring decisions. The facility is located at 3222 W. Pendleton Ave, Santa Ana, California..."
"The increase is partially due to an increase in the salaries and related payroll tax expenses due to new hires."
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