Trtc,newc

Terra Tech is a vertically integrated company centered on the hashish sector with operations in California and Nevada. In California, Terra Tech operates two dispensaries and a cultivation facility and has two additional cultivation facilities and a dispensary under growth. In Nevada, by way finance and thrift visalia of a joint ventures, Terra Tech operates a cultivation and manufacturing facility. The company’s Blüm retail store in Oakland reported robust sales during the second quarter. Also in Oakland, Terra Tech is within the final stretches of setting up a thirteen,000-square-foot cultivation facility.

The newly renovated facility is capable of producing 1,120 pounds of hashish annually. All of the hashish from the facility will be bought underneath the company’s IVXX brand to California’s medical and recreational marijuana markets. Over the final yr, Terra Tech Corp had been mired in numerous controversies, including lawsuits—which have now been concluded to the company’s satisfaction. Terra Tech has a robust balance sheet, and due to restructuring, it has leaner operations. These efforts are anticipated to bear fruit in future quarters as the company’s retail position strengthens. For its entry to the medical cannabis trade initially of 2014, Terra Tech applied to operate a licensed marijuana cultivation facility and dispensary in Nevada.

Ross Colton scored twice, Andrei Vasilevskiy had 22 saves and the Tampa Bay Lightning obtained off to a fast start and beat the Toronto Maple Leafs 7-3 in Game 4 on Sunday night time to even their first-round playoff series. Corey Perry and Ondrej Palat also scored, and Brandon Hagel and Nikita Kucherov every had two assists for the Lightning. Natasha Cloud scored all 19 of her points within the first half, Shakira Austin had a double-double in her first profession begin and the Washington Mystics beat the Minnesota Lynx on Sunday night time. Austin, the No. 3 total pick out of Ole Miss in last month’s draft, completed had thirteen factors on 5-of-8 taking pictures and 10 rebounds. Matthew Morgan, CEO of Terra Tech Corp. might be answering shareholder questions at the end of the call. Should you have questions during or prior to the conference name please send an e mail to with TRTC Question within the subject line.

Frank Knuettel, Chief Executive Officer of Terra Tech, said, “On the operations side, we now have continued to make enhancements and see positive aspects in our current operations. With revenues of $5.1 million within the first quarter of 2021, we recorded our largest quarter of revenues since the fourth quarter of 2019, registering income growth of approximately 41.7% over the fourth quarter of 2020. The company reported a third-quarter net loss of $13.7 million ($0.19 per share), in comparability with a loss of $7.8 million ($0.16 per share) within the third quarter of 2017. In Nevada, Terra Tech secured eight new medical hashish provisional operational certificates. This contains four dispensaries , two cultivation centers, and two manufacturing and extraction amenities. Furthermore, as part of the company’s streamlining efforts to chop non-core assets, Terra Tech bought its Blüm CBD retail assets in Reno.

990,000,000 shares authorized as of March 31, 2021 and December 31, 2020; 235,491,198 shares issued and 233,182,790 shares outstanding as of March 31, 2021; 196,512,867 shares issued and 194,204,459 shares outstanding as of December 31, 2020. We reported a web lack of $12.1 million, or $0.05 per share, for the quarter ended March 31, 2021; compared to a web loss of $17.3 million, or $0.11 per share for the quarter ended March 31, 2021. Terra Tech stock did not exactly journey the legal hashish craze in 2018. Then it got abysmal as Terra Tech inventory, along with the broader market, bought off in October after which had a meltdown in December.

Since that announcement, Terra Tech stock has been on a tear, up by about 160%, far surpassing the losses that got here for the reason that lawsuit was announced in mid-December. The dispensary solely opened in January 2017, however since then, the location grew in value. Terra Tech also just lately launched a hashish delivery service in California and opened a “Blüm CBD” retail location in Downtown Las Vegas. Among Terra Tech’s prime merchandise are its portable hydroponic trailers.